D-Backs Release Scott Thorman

[goley1]

D-Backs Release Scott Thorman 3-25-08

Will pay half of contract till signed

original contract was
08: 400k

So D-Backs are responsible for
08: 200k
until signed by another franchise

[clegend33]

Mar 25, 2008 11:49:25 GMT -5 @goley1 said:

D-Backs Release Scott Thorman 3-25-08

Will pay half of contract till signed

original contract was
08: 400k

So D-Backs are responsible for
08: 200k
until signed by another franchise

Is this really how it works? You only have to pay half of his contract until he is signed by another team?

Thanks for your time.

[Red Sox GM (Ty)]

"If the player is signed by another franchise after being dropped to free agency, then the previous owner will only be required to pay the difference between the player’s old contract and the player's new contract (on a year-to-year basis for multi-year contracts), not to exceed half of the old contract. If the player’s contract with his new team is higher than his contract was with the old team, the previous owner will no longer be obligated to pay any further for the player and thus no further penalty on that franchise's salary cap.

If the player is signed to a new contract after being waived and the new contract pays the player less than half of the original contract, then the previous owner's liability maximum is still only half of the old contract. Only in the event that the new contract pays the player more than half of his old contract will the previous owner be able to count less than half of the old contract against his salary cap.

Note: When reference is made to "old contract" and "new contract", the contract salary comparisons are made on a YEAR-TO-YEAR basis rather than on the total dollar amounts of the contracts. i.e. A player is dropped who had a 2008 (only) $8M contract and is later picked up through free agency with a 3 year $8M deal (broken down 2008 - $6M, 2009 - $1M, 2010 - $1M). The previous owner is responsible in 2008 for $2M, the difference between the "old" $8M and the "new" $6M, not exceeding 1/2 of the old contract. Since the old contract did not cover 2009 and 2010, the previous owner has no salary responsibility for those 2 years."

So says the rule regarding dropping players.