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Author Topic: Transactions  (Read 1486 times)

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Offline Eric

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Transactions
« on: May 06, 2013, 01:33:12 PM »
Trades
Trades must be posted by one GM along with an approval from the other GMs involved in the trade.
The trade must include all contracts for each player involved in the trade, any draft picks involved, as well as cash exchanges. There are no trading of draft picks beyond the current season.  The trade will not be reviewed by the trade committee unless these necessary items are done.

Trades must pass the trade committee with 4 approvals if less than 2 members of the committee are involved. Trades must receive a majority approval if 2 members are involved in the trade. Trades can be vetoed with 2 votes.

Cash Exchanges
Cash exchanges are allowed on deals as long as it does not the exceed annual salary of the player designated.  Cash exchanges must follow the given player in any future trades.  If a player is traded back to the team that originated the cash exchange, the team may elect not to continue the cash exchange. 

Signing bonuses, however, stay on the books of the franchise that signed the prospect in the first place.

Trade Restrictions
  • Off-Season Free Agent signings cannot be traded until 6/1.
  • In season Free Agent signings cannot be traded for 60 days after they have signed.  This date will be shown per each player in the official rosters section.
  • Any draft pick that is selected in the amateur draft cannot be traded for 60 days after the amateur draft ends.
Trade Deadline
The trade deadline is the following July 31 at 4 p.m CT....to follow the MLB ruling. Trades reopen when rosters are unlocked.

Releases
Any player released, while on a regular contract, still has part of his contract count against the cap in the following manner: 
  • Before the trade deadline (including the off season):  Current year: 90%, Next year: 60%, All future years after: 30%.
  • After the trade deadline: Current year: 75%, Next year: 50%, All future years after: 25%
The hit against the cap is rounded to the nearest $100,000.  If the same team that releases a player, resigns a player within 30 days of their release, the player's original contract is restored.

A player released while on a prospect contract (P-20xx or P-n/a) will not cause a hit to the cap. Any signing bonus will remain on the issuing team's books however for the duration of the regular season.

Contract Buyout
Money owed to a player released under contract may be financed through a contract buyout.  This can be done by adding up the cap hit for each remaining year and multiplying the result by 1.1.  This is rounded up to the nearest $100k. 

The buyout amount may then be divided up any way the GM chooses with the following
  • The number of years does not exceed the number of years remaining on the contract.
  • The amount assigned to any one year cannot exceed the can exceed the amount of the previous year.
Example:
SP Chacin, Jhoulys, $4.5m (2021)
2015 $4.5M- (75%) $3.5M CAP Hit for 2019
2016 $4.5M- (50%) $2.5M CAP Hit for 2020
2017 $4.5M- (25%) $1M CAP Hit for 2021

Take Jhoulys Chacin cap hits ($3.5 + $2.5 + $1) all this year. $7m total*1.1 = $7.7m.
« Last Edit: December 23, 2019, 02:59:33 PM by Greg S »
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