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Fantasy Leagues => Franchise NHL: Transactions => Franchise NHL => NHL Leagues => Franchise NHL: Completed Transactions => Topic started by: PigsRule on April 02, 2013, 10:26:27 AM

Title: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PigsRule on April 02, 2013, 10:26:27 AM

This is a reminder that each team can use x1 Amnesty buy out each season BUT only during a specific 2 week period following the Franchise NHL Stanley Cup Finals.

The Rule cut & paste from the "Contracts" page: (http://www.profsl.com/smf/index.php?topic=8270.0)
Amnesty Buy Out (denoted in Buy Out section as "ABO"): Each team can buy out one (1) player at 40.0% (x 0.40) of their contract value which MUST be spread over the remaining yrs of the contract (ie. cannot buyout in 1 year if the contract has 2+ years remaining on it; contract has 5 years remaining then the buy out is spread over the remaining 5 years). ABO's can only be posted during the two (2) week period following the conclusion of the FNHL Stanley Cup Finals (refer to FNHL Deadlines for exact dates). (http://www.profsl.com/smf/index.php?topic=8273.0) Other standard b/o policy above apply.


may3-13: light bulb icon added.

Title: Re: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PigsRule on April 02, 2013, 10:30:54 AM

...so if there's a contract sitting on your team you want to get rid of but cannot or will not trade away, then use an ABO.

some teams have posted a post-dated ABO... we will allow - just make sure you make it clearly as post-dated.

finally, the ABO MUST be spread out over the remaining years left on the contract so in some cases you might be better off using a standard Buy Out lumped over 1 yr.

Title: Re: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PsychoticPondGoons on April 06, 2013, 12:01:27 AM

:iatp: I like the ability to b/o a dud player. I also like that it's not over done since we're limited to only one of these ABO's a year. :thumbsup:

Title: Re: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PigsRule on May 03, 2013, 11:58:06 AM

:bump:

every team gets x1 Amnesty Buy Out in 2012-13...
post your team's ABO by May 11, 2013 23h59 ET.

Title: Re: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PigsRule on May 07, 2013, 12:57:50 PM

teams that haven't used their 1 and only annual Amnesty Buy Out (40% spread over the remaining yrs left on player's contract) have another 5-days to post their ABO. Check the deadlines page.

this might be your team's chance to shed some cap to reach the lower 2013-14 $64.3m cap limit.

Title: Re: REMINDER: x1 Amnesty Buy Out Per Team (April 28 - May 11, 2013)
Post by: PigsRule on May 14, 2013, 04:34:45 PM

The annual Amnesty Buy Out period is now over for the 2012-13 season.