ProFSL: Pro Fantasy Sports Leagues
Fantasy Leagues => Armchair Fantasy Baseball => MLB Leagues => Armchair Fantasy Baseball: Archives => Topic started by: chrisetc21 on October 14, 2016, 10:33:45 AM
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Please welcome David (Canto) as our new A's owner. He'll have one week to announce his new owner buyout per the rules below.
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 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.
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.
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Thanks, Happy to join this deep MILB league.
My first move will be my new owner buy-out :
- Emilio Bonifacio, option 1 : 25% of the $7m remaining => $1.750m to be paid next year.
Talk to you soon for some deals...
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Welcome to the league David!
Kevin, TOR
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Buyout has been fantraxed and is complete.
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Welcome!