ProFSL: Pro Fantasy Sports Leagues
Fantasy Leagues => Armchair Fantasy Baseball => MLB Leagues => Armchair Fantasy Baseball: Rules => Topic started by: seanrmgallagher on February 19, 2014, 06:24:23 PM
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All managers, upon admission to the league, will have the option to "buy-out" one existing contract on their team. The manager must post the selected contract and desired option in the transaction page within 2 weeks 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.
For example:
Player has 4 years and $100 Million remaining on his contract. Manager decides to buy-out contract.
Option 1: Team pays $25 Million in upcoming season.
Option 2: Team pays $20 Million in upcoming season and $20 Million in the following season.
Option 3: Team pays $16.67 Million in upcoming season, $16.67 in following season, and $16.67 in the season following that.