Post by The Ghost of Swo on Feb 8, 2014 19:09:34 GMT -5
A GM has the right to waive any player to free agency. To waive a player and drop him to free agency, you must post him in a new thread under the section titled "FA Waivers". This will make permanent the decision to waive a player to free agency.
When releasing a player, the GM has two options. He can elect to pay half the salary for the remaining years of the contract. For example if Player A has a contract where he is owed the following Y1: $4M, Y2: $4M, Y3: $4M, he would owe $2M each in Y1, Y2, and Y3.
The GM must also elect to buyout the player and pay the full amount owed over the course of the contract in Y1. For example if Player A has a contract where he is owed the following Y1: $4M, Y2: $4M, Y3: $4M, he would owe $6M in Y1. SEE BELOW FOR FURTHER INFORMATION ON BUYOUTS.
A GM is responsible for the amount owed regardless of the player’s situation, i.e. if he retires. See Contract Expiration, below, for an examination of why a GM wouldn’t have to pay the amount owed.
If another team signs the player that has been released, continued responsibility for that player's salary may be further limited or negated in full.
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.
For example: Player A is owed 10M in Y1. GM 1 releases Player A in Y1, and owes Player A $5M. GM 2 wins Player A in FA with a bid of $7M. Because the new contract exceeds the amount owed by $2M, the amount owed by GM 1 is reduced by that amount. As such, GM 1 owes Player A $3M.
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.
*Note - the GM who previously waived said player and now wants to pick that player back up through FA, MUST initially bid an amount (and term, if applicable) equal to or greater than the amount and term at the time said player was dropped to FA. Any lesser bid by that GM will be invalid and immediately voided. If the GM wins that player back in FA, he will not be responsible for half his old contract.
Dropping Minor Leaguers and Prospects
If you drop a minor leaguer or a player under prospect protection, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. The League Year begins on the date tags are due (all unrestricted FAs must be posted that date). Thus if you release a prospect after that date, you must pay half the salary for that season, but not for any future seasons.
Buyouts
When a player is dropped before July 1st of any year, a GM may elect to buy out any future year’s obligations that would be incurred as a result of dropping said player. This buyout election must be made at the time of the drop and full contract details and financial obligations must be stated clearly in the post. Any player released after July 1st will not be eligible for this option.
Note on Empty Roster Spots
Keep in mind an empty roster spot costs a GM $400k. So when you release a player, unless you are over the 55 man roster limit, you simulktaneously incur a liability for the empy roster spot. For this reason, unless you have no roster space, releasing a prospect or similarly low cost player it might not be the best plan to release said player as it actually costs you more to release him than to keep him.
When releasing a player, the GM has two options. He can elect to pay half the salary for the remaining years of the contract. For example if Player A has a contract where he is owed the following Y1: $4M, Y2: $4M, Y3: $4M, he would owe $2M each in Y1, Y2, and Y3.
The GM must also elect to buyout the player and pay the full amount owed over the course of the contract in Y1. For example if Player A has a contract where he is owed the following Y1: $4M, Y2: $4M, Y3: $4M, he would owe $6M in Y1. SEE BELOW FOR FURTHER INFORMATION ON BUYOUTS.
A GM is responsible for the amount owed regardless of the player’s situation, i.e. if he retires. See Contract Expiration, below, for an examination of why a GM wouldn’t have to pay the amount owed.
If another team signs the player that has been released, continued responsibility for that player's salary may be further limited or negated in full.
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.
For example: Player A is owed 10M in Y1. GM 1 releases Player A in Y1, and owes Player A $5M. GM 2 wins Player A in FA with a bid of $7M. Because the new contract exceeds the amount owed by $2M, the amount owed by GM 1 is reduced by that amount. As such, GM 1 owes Player A $3M.
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.
*Note - the GM who previously waived said player and now wants to pick that player back up through FA, MUST initially bid an amount (and term, if applicable) equal to or greater than the amount and term at the time said player was dropped to FA. Any lesser bid by that GM will be invalid and immediately voided. If the GM wins that player back in FA, he will not be responsible for half his old contract.
Dropping Minor Leaguers and Prospects
If you drop a minor leaguer or a player under prospect protection, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. The League Year begins on the date tags are due (all unrestricted FAs must be posted that date). Thus if you release a prospect after that date, you must pay half the salary for that season, but not for any future seasons.
Buyouts
When a player is dropped before July 1st of any year, a GM may elect to buy out any future year’s obligations that would be incurred as a result of dropping said player. This buyout election must be made at the time of the drop and full contract details and financial obligations must be stated clearly in the post. Any player released after July 1st will not be eligible for this option.
Note on Empty Roster Spots
Keep in mind an empty roster spot costs a GM $400k. So when you release a player, unless you are over the 55 man roster limit, you simulktaneously incur a liability for the empy roster spot. For this reason, unless you have no roster space, releasing a prospect or similarly low cost player it might not be the best plan to release said player as it actually costs you more to release him than to keep him.