Post by Deleted on Jan 13, 2016 21:06:16 GMT -5
The change to allow a released player's multi-year contract to paid in one year was approved.
OLD rule text:
4.6 Releasing players
A franchise has the right to waive any player to free agency. To waive one or more players, dropping them to free agency, you must announce the release in a franchise post on the league board in the "FA Waivers" thread. This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back.
Dropping major leaguers
When releasing a major leaguer, the releasing franchise will be responsible for half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise. In that case, continued responsibility for that player's salary may be reduced or even negated in full. However, if said player remains unsigned, you must continue to count half of that player's salary against your cap until his contract expires.
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.
When the player's contract with his new franchise is higher than his contract was with the old franchise, the previous owner will no longer be obligated to pay any further for the player and thus no further penalty will be imposed on that franchise's salary cap.
When the player's contract with his new franchise is 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.
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NEW rule text (changes receive italics):
4.6 Releasing players
A franchise has the right to waive any player to free agency. To waive one or more players, dropping them to free agency, you must announce the release in a franchise post on the league board in the "FA Waivers" thread. This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back.
Dropping major leaguers
When releasing a major leaguer, the releasing franchise has two options:
1. pay half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise, or
2. pay half of that player's combined remaining salary in the year released."
If option one is exercised:
The releasing franchise will be responsible for half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise. In that case, continued responsibility for that player's salary may be reduced or even negated in full. However, if said player remains unsigned, you must continue to count half of that player's salary against your cap until his contract expires.
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.
When the player's contract with his new franchise is higher than his contract was with the old franchise, the previous owner will no longer be obligated to pay any further for the player and thus no further penalty will be imposed on that franchise's salary cap.
When the player's contract with his new franchise is 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.
If option two is exercised:
The releasing franchise will again be responsible for half of that player's salary for the duration of the contract. However, if the player is released between January 1 and May 31, the entire contract can be paid off in that year; if the player is released from June 1 to December 31, half that year's contract is paid that year and the rest of the contract can be paid off the following year.
Example: Josh Jones (16: $4.0M, 17: $6.0M, 18: $5.0M) is released on May 12, 2016. The releasing team can exercise option two and be on the hook for $7.5M ($2M + $3M + $2.5M) in 2016 only. However, if Jones is released on July 29, the releasing team exercising option two must pay $2.0M in '16 and then can pay the rest off, $5.5M, in '17.
If a player exercises option two, there is no changing the option later. Additionally, the option to reduce or negate in full a contract due to another team signing the player to a new contract (as in option one) is voided.
OLD rule text:
4.6 Releasing players
A franchise has the right to waive any player to free agency. To waive one or more players, dropping them to free agency, you must announce the release in a franchise post on the league board in the "FA Waivers" thread. This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back.
Dropping major leaguers
When releasing a major leaguer, the releasing franchise will be responsible for half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise. In that case, continued responsibility for that player's salary may be reduced or even negated in full. However, if said player remains unsigned, you must continue to count half of that player's salary against your cap until his contract expires.
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.
When the player's contract with his new franchise is higher than his contract was with the old franchise, the previous owner will no longer be obligated to pay any further for the player and thus no further penalty will be imposed on that franchise's salary cap.
When the player's contract with his new franchise is 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.
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NEW rule text (changes receive italics):
4.6 Releasing players
A franchise has the right to waive any player to free agency. To waive one or more players, dropping them to free agency, you must announce the release in a franchise post on the league board in the "FA Waivers" thread. This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back.
Dropping major leaguers
When releasing a major leaguer, the releasing franchise has two options:
1. pay half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise, or
2. pay half of that player's combined remaining salary in the year released."
If option one is exercised:
The releasing franchise will be responsible for half of that player's salary for the duration of the contract unless that player is signed to a contract by another franchise. In that case, continued responsibility for that player's salary may be reduced or even negated in full. However, if said player remains unsigned, you must continue to count half of that player's salary against your cap until his contract expires.
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.
When the player's contract with his new franchise is higher than his contract was with the old franchise, the previous owner will no longer be obligated to pay any further for the player and thus no further penalty will be imposed on that franchise's salary cap.
When the player's contract with his new franchise is 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.
If option two is exercised:
The releasing franchise will again be responsible for half of that player's salary for the duration of the contract. However, if the player is released between January 1 and May 31, the entire contract can be paid off in that year; if the player is released from June 1 to December 31, half that year's contract is paid that year and the rest of the contract can be paid off the following year.
Example: Josh Jones (16: $4.0M, 17: $6.0M, 18: $5.0M) is released on May 12, 2016. The releasing team can exercise option two and be on the hook for $7.5M ($2M + $3M + $2.5M) in 2016 only. However, if Jones is released on July 29, the releasing team exercising option two must pay $2.0M in '16 and then can pay the rest off, $5.5M, in '17.
If a player exercises option two, there is no changing the option later. Additionally, the option to reduce or negate in full a contract due to another team signing the player to a new contract (as in option one) is voided.