Post by Chicago D'backs GM (Greg) on Aug 28, 2012 21:14:12 GMT -5
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 half 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 half of that player's salary 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 half of the old contract. 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 half of the original contract, then the previous owner's liability maximum is still only half of the old contract. Only in the event that the new contract pays the player more than half of his old contract will the previous owner be able to count less than half 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 2012 (only) $8M contract and is later picked up through free agency with a 3 year $8M deal (broken down 2012 - $6M, 2013- $1M, 2014 - $1M). The previous owner is responsible in 2012 for $2M, the difference between the "old" $8M and the "new" $6M, not exceeding 1/2 of the old contract. Since the old contract did not cover 2012 and 2013, the previous owner has no salary responsibility for those 2 years.
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 contract.
Dropping Prospects
If you drop a defined Prospect, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. Prospects may be waived during the offseason with no financial responsibility. Minor league players are free to drop.
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 half of the old contract. 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 half of the original contract, then the previous owner's liability maximum is still only half of the old contract. Only in the event that the new contract pays the player more than half of his old contract will the previous owner be able to count less than half 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 2012 (only) $8M contract and is later picked up through free agency with a 3 year $8M deal (broken down 2012 - $6M, 2013- $1M, 2014 - $1M). The previous owner is responsible in 2012 for $2M, the difference between the "old" $8M and the "new" $6M, not exceeding 1/2 of the old contract. Since the old contract did not cover 2012 and 2013, the previous owner has no salary responsibility for those 2 years.
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 contract.
Dropping Prospects
If you drop a defined Prospect, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. Prospects may be waived during the offseason with no financial responsibility. Minor league players are free to drop.