Post by diadhuit on Aug 23, 2018 16:03:54 GMT 9
Waivers:
1. If you wish to release someone, you must first create a topic placing them on waivers in the waiver thread.
2. Once they are on waivers for a 24 hour period, and they are not claimed by any other team, the player will be released and put in the free agent market.
3. Once released you will take a 75% cap hit for the remaining years on the respected players contract.
4. If a player is claimed off waivers by another team, the winning team takes on the entire salary. The waiving team will have no cap hit.
5. The waiver priority list will be the reverse order of the previous years Standings.
6. You are on the hook for any player you waive, regardless of the circumstances. If a player retires, goes to Europe, goes to jail, or simply disappears off the face of the Earth, and you decide to waive them, you will pay the 75% cap hit.
7. In the event of a decrease in the salary cap any team needing to waive a player will only be charged 50% of that players remaining total contract. This can only be used once during the off-season when the following years salary cap becomes known.
8. The waiving team cannot bid on the waived player for a period of 2 weeks from date of waiver.
Buyouts:
Any player with a minimum of 2 seasons remaining on their contract may be bought out for any reason at 60% of the player's TOTAL remaining contract. The team would incur a one-time hit, that would expire at the end of the season. Teams may not buy out players after week 12 of the regular season. Any player that is bought out will be ineligible to be claimed via the waiver process. Opposing teams must still wait a minimum of 24 hours before placing a free agency bid on a recently bought out player.
Teams will be limited to 3 buyouts every 5 years. The rule will be instituted in the summer of 2019 with a five-year cycle running through 2023.
In the event of a decrease in the salary cap any team needing to buy out a player will only be charged 40% of that players remaining total contract. This can only be used once during the off-season when the following years salary cap becomes known.
1. If you wish to release someone, you must first create a topic placing them on waivers in the waiver thread.
2. Once they are on waivers for a 24 hour period, and they are not claimed by any other team, the player will be released and put in the free agent market.
3. Once released you will take a 75% cap hit for the remaining years on the respected players contract.
4. If a player is claimed off waivers by another team, the winning team takes on the entire salary. The waiving team will have no cap hit.
5. The waiver priority list will be the reverse order of the previous years Standings.
6. You are on the hook for any player you waive, regardless of the circumstances. If a player retires, goes to Europe, goes to jail, or simply disappears off the face of the Earth, and you decide to waive them, you will pay the 75% cap hit.
7. In the event of a decrease in the salary cap any team needing to waive a player will only be charged 50% of that players remaining total contract. This can only be used once during the off-season when the following years salary cap becomes known.
8. The waiving team cannot bid on the waived player for a period of 2 weeks from date of waiver.
Buyouts:
Any player with a minimum of 2 seasons remaining on their contract may be bought out for any reason at 60% of the player's TOTAL remaining contract. The team would incur a one-time hit, that would expire at the end of the season. Teams may not buy out players after week 12 of the regular season. Any player that is bought out will be ineligible to be claimed via the waiver process. Opposing teams must still wait a minimum of 24 hours before placing a free agency bid on a recently bought out player.
Teams will be limited to 3 buyouts every 5 years. The rule will be instituted in the summer of 2019 with a five-year cycle running through 2023.
In the event of a decrease in the salary cap any team needing to buy out a player will only be charged 40% of that players remaining total contract. This can only be used once during the off-season when the following years salary cap becomes known.