Post by Former Texas Rangers GM on Nov 26, 2014 14:44:26 GMT
Buyouts are different than placing a player on waivers.
When you post that you want to buyout a player, you automatically bypass the waiver system and remove that player from your roster, incurring any additional fees that may apply.
The buyout fee will be the entirety of the remaining salary and it will be charged towards the salary cap for the year that the buyout was performed. (the current season)
Example: Player A contract is $1,800,000 for 2015 and $2,200,000 for 2016. The buyout would be $4M.
For prospects with a 1 year auto-renew contract, the buyout amount is the current yearly salary. (Prospects can be released in the off-season at no cost)
Arbitration players will only be the current year’s salary. (These players can be released at no cost during the off-season by simply not offering them arbitration.)
Buyout Deadline: July 31 at 11:59 PM EST.
Buyout deadline was established to prevent teams from buying out a player the last week or day of the season and only having the buyout hit affect their cap for a day or 2.
If you buyout a player after the deadline then the buyout fee will go against your cap the following year instead of the current year.
Any buyouts that take place in the offseason will count against your cap in the upcoming season.
Retirement/Career Ending Injury/Death
In the case of a player officially retiring, a career ending injury or a death, there will be a free release of the player and his contract.
When you post that you want to buyout a player, you automatically bypass the waiver system and remove that player from your roster, incurring any additional fees that may apply.
The buyout fee will be the entirety of the remaining salary and it will be charged towards the salary cap for the year that the buyout was performed. (the current season)
Example: Player A contract is $1,800,000 for 2015 and $2,200,000 for 2016. The buyout would be $4M.
For prospects with a 1 year auto-renew contract, the buyout amount is the current yearly salary. (Prospects can be released in the off-season at no cost)
Arbitration players will only be the current year’s salary. (These players can be released at no cost during the off-season by simply not offering them arbitration.)
Buyout Deadline: July 31 at 11:59 PM EST.
Buyout deadline was established to prevent teams from buying out a player the last week or day of the season and only having the buyout hit affect their cap for a day or 2.
If you buyout a player after the deadline then the buyout fee will go against your cap the following year instead of the current year.
Any buyouts that take place in the offseason will count against your cap in the upcoming season.
Retirement/Career Ending Injury/Death
In the case of a player officially retiring, a career ending injury or a death, there will be a free release of the player and his contract.
