Author Topic: Yankees restructure  (Read 384 times)

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Offline OUDAN

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Yankees restructure
« on: September 28, 2014, 04:12:43 AM »
:NYY: has restructured the following contract



OF Cespesdes, Yoennis, $11m (2016)
 His highest ranking is 2014 where he was the #48 of

# 48 OF = $5m (Fukodome, Kosuke)

We will restructure him down to 7m per year, this is a savings of 8m which we will pay now.

New contact will be

OF Cespesdes, Yoennis, $7m (2016)
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Offline shooter47

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Re: Yankees restructure
« Reply #1 on: September 28, 2014, 10:39:55 AM »
:NYY: has restructured the following contract



OF Cespesdes, Yoennis, $11m (2016)
 His highest ranking is 2014 where he was the #48 of

# 48 OF = $5m (Fukodome, Kosuke)

We will restructure him down to 7m per year, this is a savings of 8m which we will pay now.

New contact will be

OF Cespesdes, Yoennis, $7m (2016)

This restructuring will need to wait until the offseason. See Restructing Rules below:

Restructuring Contracts
•Annual salary after such restructuring must be $4m+
•Restructuring allows annual salary to be reduced if player's market value (extension price) is less than or equal to half that of what he is paid.
•Total reduction in salary is converted into a guaranteed signing bonus during the current (or upcoming for off-season) year.
Restructuring of contracts is not allowed during the period after the trade deadline and before the off-season.
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Online BHows

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Re: Yankees restructure
« Reply #2 on: September 28, 2014, 10:41:59 AM »
:NYY: has restructured the following contract



OF Cespesdes, Yoennis, $11m (2016)
 His highest ranking is 2014 where he was the #48 of

# 48 OF = $5m (Fukodome, Kosuke)

We will restructure him down to 7m per year, this is a savings of 8m which we will pay now.

New contact will be

OF Cespesdes, Yoennis, $7m (2016)

"Restructuring allows annual salary to be reduced if player's market value (extension price) is less than or equal to half that of what he is paid." You would have to restructure down to $5.5M
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Offline shooter47

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Re: Yankees restructure
« Reply #3 on: September 28, 2014, 10:51:35 AM »
"Restructuring allows annual salary to be reduced if player's market value (extension price) is less than or equal to half that of what he is paid." You would have to restructure down to $5.5M

You don't need to restructure to the half point. The market value being half of the annual salary is just the qualifying event that allows a player to be restructured. If a players maket value is half of the annual salary then the annual salary can be restructured down to any number as long as the annual salary does not fall below $4m per year.
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Offline OUDAN

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Re: Yankees restructure
« Reply #4 on: September 28, 2014, 11:24:44 AM »
My apologies I will hold off then sorry for the extra work boys
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"People don't know what it means to be champions, Oklahoma invented it."
-Barry "The King" Switzer

"Clear eyes, full hearts, can't lose!
-Coach Taylor

I hated every moment of training but I said, "Don't quit, Suffer now and live the rest of your life as a Champion."
-Mohammed Ali

:win: 2014 FGM Champ
:win: 2015 Moneyball Champ
:win: 2015 Bush League Champ

 

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