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Post by Braves GM (Mike) on Jun 25, 2024 18:14:21 GMT
Buyout ($3m 2024/$4m 2025)...$3.5m penalty all this year please.
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Post by Giants GM (Kev) on Jun 25, 2024 20:24:56 GMT
Contract buyout penalty cannot be combined into one year during the regular season. See 3.b. in the rules. McGough's 2025 is a mutual option. If the option is not picked up, the 2025 penalty will be erased.
3. Contract Buyouts:
a. Any player contract may be bought out at any time during the offseason for 50% of the value of all remaining contract years. The buyout can be absorbed in one season or spread out evenly over the length of the contract at the owner's discretion.
b. Player contracts may also be bought out during the regular season for the same cap penalty, however the salaries may not be absorbed in one season and will be automatically spread out over the length of the contract. If the contract being bought out is a free agent contract with a value of less than $1m for the current season there is no cap relief and the buyout is for the full buyout for the current season. Any additional seasons would receive the 50% cap relief.
c. Any player that is MiLB eligible may be released in the offseason with no cap penalty or in season for a cap penalty of $100,000.
d. Players that are on rookie scale contracts may be released in the offseason with no cap penalty, or during the season with a cap penalty of 50% of the current year salary only.
e. Any player released may only be reaquired by the same team in the same season (including offseason) if the total of the new contract value and any cap hits involved in the release are equal to or greater than the original contract value for the current season. Player releases may not be used to save cap space without the loss of the player's services.
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Post by Braves GM (Mike) on Jun 25, 2024 20:50:57 GMT
Apologies. Would like to take back his buyout then. Will waive instead.
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Post by Giants GM (Kev) on Jun 26, 2024 22:11:46 GMT
No release one McGough.
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