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I haven't had a chance to think this one through yet, but if we did pass it I think it should include a clause that the contract must be at least 1 year old before it can be restructured - we are not allowed to front-load contracts during FA, we shouldn't be able to circumvent that through this rule (would make bidding too complex).
Colby, does your proposal include Mike's idea of this transaction being prohibited from the trade deadling to the end of the playoffs?