Please welcome TimWatsonSC as the new owner of the Pirates. He'll have one week to announce a buyout per the options below. Thanks.
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.