Just wanted to post these up to make certain they are correct before I post my "contract extensions."
Tampa Bay is looking to buy-out the following contract using their 1M of available 2013 cap space:
CI Matt Downs 0.5M (2014)
RP Cesar Ramos 0.5M (2014)
*If I am correct, I can buy-out their 2014 salary using my 2013 remaining cap space (1M) and clearing completely their 2014 salary from my books. Please advise if this is correct or not*
The Buyouts for these players would be the following:
CI Matt Downs 0.5M (2014)
0.5m * 75% = 0.375m rounded up to
0.5m 2013 Cap hit0.5m * 50% = 0.250m rounded up to
0.5m 2014 Cap hit0.5M + 0.5M = 1.0M
1.0M * 1.1 = 1.1M Rounded up to
1.5M Contract Buyout in 2013RP Cesar Ramos 0.5M (2014)
0.5m * 75% = 0.375m rounded up to
0.5m 2013 Cap hit0.5m * 50% = 0.250m rounded up to
0.5m 2014 Cap hit0.5M + 0.5M = 1.0M
1.0M * 1.1 = 1.1M Rounded up to
1.5M Contract Buyout in 2013With the 1M in cap space that the Rays have the Rays could choose to Buyout one of these players this year.