Please welcome Michael (nottathedaddy) as the new owner for the Minnesota Twins. Best of luck with the franchise, the previous owner left some pretty good young talent. You have one week to announce your new owner contract buyout per the rules below. Thanks.
All managers, upon admission to the league, will have the option to "buy-out" one existing contract on their team. The manager must choose the contract within 1 week of admission.
There are three options to buy out a contract:
Option 1: Team pays 25% of the remaining contract during the following season.
Option 2: Team pays 40% of the remaining contract, spread over the following 2 seasons.
Option 3: Team pays 50% of the remaining contract, spread over the following 3 seasons.