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Post by Rockies GM (Joey) on Dec 22, 2018 10:34:56 GMT -6
Non-Tenders
Any player with a contract $499,999 and under can be released at no penalty. They will go into the Open FA pool.
Buyouts
All other players whose contracts have not yet expired can be bought out at the following rates. Please note: you may not buy out a player with more than 3 years remaining on his contract.
You will be responsible for a portion of their salary for the remainder of its term. The player will enter open FA and the original team will not be able to bid on them. Teams will also need to note on their team pages their bought out contract under the heading "Dead Money". Rates are as follows:
3 years remaining on contract - 75% of annual value 2 years remaining - 50% 1 year remaining - 50%
***Clarify Non-Tender/Buy-Out Rates -- some teams non-tender guys at 500,000 due to unclear rule, so this will be enforced for 2014. Non-Tender = $499,999 and under Buy-Outs = $500,000 or higher
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