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Post by Machado About Nothing on Mar 31, 2021 15:22:27 GMT -5
Here is the rule. If you wish to buy out a player(s), please post it here by the end of the day tomorrow. Thanks.
Prior to the start of each season the commish will give teams a chance to exercise a buy-out option on any player(s) under contract, both on major league rosters and released lists. The buy-out option allows teams to reduce the years on a player contract but increases the salary at which that player is signed. If you choose to exercise the buy-out option on any player, the player contract length will be half the original length but the player salary will be doubled. For example, if you choose to exercise the buy-out option on a player with a 4/2 contract then that player would now be under a 8/1 contract for the upcoming season. All buy-out options must be posted prior to the start of the season. Since the maximum contract allowed is 10/X, the highest salary that can be bought out is 5/X.
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Post by 4th St Clubhouse on Mar 31, 2021 15:33:15 GMT -5
Ed, how does this work if a player has an odd number of years remaining on his contract?
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Post by Machado About Nothing on Mar 31, 2021 15:59:33 GMT -5
The rule as it's written only refers to doubling the salary and cutting the years in half. I think that's too restrictive, so I'm going to change it so you can adjust the salary and years so that the total dollars paid out remains the same. So, if you wanted to buy out a 2/3 contract, you could turn it into a 6/1. A 2/4 contract could be converted to a 4/2 or an 8/1. Keep in mind that an individual salary can never exceed $10, so that will limit you to only certain players/situations. I hope that makes sense to everyone. Let me know if you have any questions. Thanks.
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Post by Brooklyn Cobesters on Apr 1, 2021 4:06:36 GMT -5
Shogo Akiyama bought out at 2/1 and released. Mallex Smith bought out at 8/2.
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