Post by Scott (Boston Padres) on Jan 20, 2013 15:06:42 GMT -5
Guys, I am using my Commissioner privilege before our draft and season begins to amend this section of our constitution. Basically, if you release a player under contract, be it for a single or multi-year deal, you'll be responsible for 50% of the current year's contract and up to 25% of the remaining years' contract - not 50%.
I am going to send you all a spreadsheet to track your year-to-year team salaries, and the formulas set up on the "Dropped Players" tab use 50% in current season and 25% for future seasons.
So our Constitution should read...
RELEASING PLAYERS:
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 Releases". This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back. A GM will still be responsible for 50% of the current season's contract and 25% 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 50% of salary current year and 25% of that player's salary in future years 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 50% of the old contract (or 25% in future seasons). 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 50% of the original contract, then the previous owner's liability maximum is still only 50% of the old contract. Only in the event that the new contract pays the player more than 50% of his old contract will the previous owner be able to count less than 50% 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 2013 (only) $8M contract and is later picked up through free agency with a 3 year $8M deal (broken down 2013 - $6M, 2014 - $1M, 2015 - $1M). The previous owner is responsible in 2013 for $2M, the difference between the "old" $8M and the "new" $6M, not exceeding 50% of the old contract. Since the old contract did not cover 2014 and 2015, the previous owner has no salary responsibility for those 2 years.
If you release a player with a PP contract, you will only pay 50% of that contract until the end of the current season. IE: you cut a player that has a PP 2016 contract in the 2014 season, you will pay $240K (out of $480K) until the end of the 2014 season and will be free of the salary for 2015 and 2016.
If a GM waives a player to free agency and then re-signs the same player in the same year, the above rule will be voided and the team must pay the full salary.
*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 player is waived and not re-signed until the following season, then the rule applies only if the player's contract at the time of his waiver was multi-year.
I am going to send you all a spreadsheet to track your year-to-year team salaries, and the formulas set up on the "Dropped Players" tab use 50% in current season and 25% for future seasons.
So our Constitution should read...
RELEASING PLAYERS:
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 Releases". This will make permanent the decision to waive a player to free agency. Once posted, there is no turning back. A GM will still be responsible for 50% of the current season's contract and 25% 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 50% of salary current year and 25% of that player's salary in future years 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 50% of the old contract (or 25% in future seasons). 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 50% of the original contract, then the previous owner's liability maximum is still only 50% of the old contract. Only in the event that the new contract pays the player more than 50% of his old contract will the previous owner be able to count less than 50% 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 2013 (only) $8M contract and is later picked up through free agency with a 3 year $8M deal (broken down 2013 - $6M, 2014 - $1M, 2015 - $1M). The previous owner is responsible in 2013 for $2M, the difference between the "old" $8M and the "new" $6M, not exceeding 50% of the old contract. Since the old contract did not cover 2014 and 2015, the previous owner has no salary responsibility for those 2 years.
If you release a player with a PP contract, you will only pay 50% of that contract until the end of the current season. IE: you cut a player that has a PP 2016 contract in the 2014 season, you will pay $240K (out of $480K) until the end of the 2014 season and will be free of the salary for 2015 and 2016.
If a GM waives a player to free agency and then re-signs the same player in the same year, the above rule will be voided and the team must pay the full salary.
*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 player is waived and not re-signed until the following season, then the rule applies only if the player's contract at the time of his waiver was multi-year.