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Fantasy Leagues => Armchair Fantasy Baseball => MLB Leagues => Armchair Fantasy Baseball: Archives => Topic started by: Maydab23 on April 08, 2017, 07:19:05 PM

Title: New Reds Owner
Post by: Maydab23 on April 08, 2017, 07:19:05 PM

Please welcome Matt (SteenGM) to the league!

Title: Re: New Reds Owner
Post by: chrisetc21 on April 09, 2017, 06:41:59 PM

Hey, welcome! 

Title: Re: New Reds Owner
Post by: chrisetc21 on April 09, 2017, 06:48:06 PM

Hi Matt, you have one week to exercise your new owner buyout per the rules below.  Thanks.

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.