Post by Red Sox GM (Ian) on Jan 16, 2015 6:50:53 GMT -8
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 "Player Drops" You will either use in season or off season depending on time of year. This will make permanent the decision to waiver a player to free agency. Once posted, there is no turning back. A GM will still 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 which case, continued responsibility for that player's salary may be further limited or 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 you sign a player to a long term deal and they retire you will be responsible for half of that players contract until the contract is up.
The GM waiving the player has an option, at the time of the player drop, to elect to immediately buyout 50% of the entire contract and take the cap hit all at once, at that time, rather than spread out the cap hit over the term of the contract. Said option will be allowed until the trade deadline each year. Any player drops after the trade deadline will be subject to the regular 50% rule. If the buyout option is elected during any off-season, the cap hit would be taken in the upcoming season.
If a GM waives a player to free agency and then re-signs the same player in the same year 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.
DROPPING A PLAYER IN HIS PP YEARS
Should you drop a player who is in his PP years, you will only owe 50% of the base salary. For example:
If I drop Byron Buxton (0/6)
I owe $150k the first year (based on the $300k he makes according to the Prospect scale)
In year 2 I owe $250k (based on the $500k he makes according to the Prospect scale)
And in year 3 I would owe Buxton $500k (based on the $1m he makes according to the prospect scale.
**Dropping a player in arbitration years will just be treated as dropping a player with a one year contract and you will owe 50% of what he is scheduled to make for the one year.
If you sign a player to a long term deal and they retire you will be responsible for half of that players contract until the contract is up.
The GM waiving the player has an option, at the time of the player drop, to elect to immediately buyout 50% of the entire contract and take the cap hit all at once, at that time, rather than spread out the cap hit over the term of the contract. Said option will be allowed until the trade deadline each year. Any player drops after the trade deadline will be subject to the regular 50% rule. If the buyout option is elected during any off-season, the cap hit would be taken in the upcoming season.
If a GM waives a player to free agency and then re-signs the same player in the same year 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.
DROPPING A PLAYER IN HIS PP YEARS
Should you drop a player who is in his PP years, you will only owe 50% of the base salary. For example:
If I drop Byron Buxton (0/6)
I owe $150k the first year (based on the $300k he makes according to the Prospect scale)
In year 2 I owe $250k (based on the $500k he makes according to the Prospect scale)
And in year 3 I would owe Buxton $500k (based on the $1m he makes according to the prospect scale.
**Dropping a player in arbitration years will just be treated as dropping a player with a one year contract and you will owe 50% of what he is scheduled to make for the one year.
Love the league name too.