0 Members and 1 Guest are viewing this topic.
New Managers Only: Contract Buy-Out« on: February 19, 2014, 06:24:23 PM »All managers, upon admission to the league, will have the option to "buy-out" one existing contract on their team. The manager must choose the contract 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.