The 2020 CBA expanded on the VSB and created a second veteran benefit known as the
4-year Qualifying Player benefit. This benefit is only available to players who have been under contract with the team (and never released) for the immediately prior 4 or more seasons. Under this rule, the team can designate a player (or a combination of two players) to be signed and receive the benefit and reduce his (or their) base salary for Cap purposes by up to $1.25M (combined if it’s two players). This rule also limits the player’s signing bonus to $137,500 and the player’s base salary cannot be more than $1.25M over the applicable minimum salary for the player’s sevice time.
For example: The team could sign a player to a contract with a base salary of $2.325M (base salary of $1.075M + $1.25M) and a signing bonus of $137,500. The total money earned by the player would be $2,462,500, but the deal would only count $1,212,500 on the team’s Cap.
https://russellstreetreport.com/sala...2B%20137%2C500).