Regular Buyout Thread
Posted: Fri Oct 07, 2022 2:35 pm
Forgot to make this one lol but here it is
6.2.1. Regular Buy-Out
a) A team that wishes to terminate a player’s contract may do so at any time by buying-out the remainder of that player’s contract;
b) Prior to being bought out, the player will be sent through Waivers and may be claimed by any other team. If the player clears Waivers, the buy-out funds will immediately be taken out of the team’s finances and the player will become an Unassigned Player;
c) The penalty to buyout a player is 50% for current season salary and 75% of remaining salary owed for future years.
d) 50% of the salary will remain as cap hit for the reminder of the contract (fake player will be places on your roster)
e) Contract buy-outs are to be done on the forum under Team Activities;
f) Any player whose rights belong to a team but who is not under contract may be released by his team at any time. This player will become an Unassigned Player.