Re: Transactions FYI

[Canada8999]

Note that bids on players that may fall under prospect contracts work differently.  The prospect contract has its own set of rules at a league minimum salary.  Any amount over $0.5m is considered a signing bonus, and is on a team's books even if they release the player.  Signing bonuses are guaranteed money!

So if for example a prospect is signed to a $2.0m contract, the signing team takes a $1.5m guaranteed cap hit for that year, plus the $0.5m salary for the duration of their prospect contract (including the current year, but they could potentially be cut at no cost).  Is correct?

Please let me know if I should post a question like this in a specific forum / thread.

[Colby]

So if for example a prospect is signed to a $2.0m contract, the signing team takes a $1.5m guaranteed cap hit for that year, plus the $0.5m salary for the duration of their prospect contract (including the current year, but they could potentially be cut at no cost).  Is correct?

Please let me know if I should post a question like this in a specific forum / thread.

The $2m would affect the cap.  However, you are right that the $1.5m signing bonus is guaranteed, and the $500k salary can be freed up if they were cut at any point in the season.  The prospect contracts remove the need for confusing arbitration processes for young players.

[Canada8999]

I just want to be 100% sure before I keep bidding on prospects... Even with a full 40-man roster and $0 in cap space (but not over the cap), a prospect can be signed as long as another prospect is dropped to make roster/$ room?  (aka, I can replace prospects I inherited with prospects I'd prefer if signed the bonus fits or is 0)

[Colby]

I just want to be 100% sure before I keep bidding on prospects... Even with a full 40-man roster and $0 in cap space (but not over the cap), a prospect can be signed as long as another prospect is dropped to make roster/$ room?  (aka, I can replace prospects I inherited with prospects I'd prefer if signed the bonus fits or is 0)

A team may make any transaction as long as they are not over the cap after such move.

[Colby]

My next update will occur Monday the 30th of November.  :toth:

[Colby]

I am going to process moves today for Jake while he is unavailable.

[Colby]

Just a reminder for the next few weeks...

1/1/2010 is the EDR transfer deadline... no players may be transferred to the EDR from the 40-man roster after that
1/10/2010 any player not signed becomes a free agent.  It is also the deadline at which RFA tags must be assigned.  Lastly, this is the turning point of the off-season in which the cap hits from releasing players changes from 75/50/25 back to 90/60/30.

[glake]

So for m players that have a (P-n/a) next to their name, that means that I need to offer them a contract?

[Colby]

So for m players that have a (P-n/a) next to their name, that means that I need to offer them a contract?

No.  It means they fall under a prospect contract status (P-X) where X denotes the last year of the prospect contract.  n/a simply means the timer hasn't started ticking yet.

[Dan Wood]

Blake Dewitt, Casey Kotchman, Randy Ruiz, Conor Jackson, Brandon Waring, Brian Dopirak, Randy Ruiz, Bobby Borchering, Ryan Wheeler... I thought it was 72 hours since bidding opened, not 72 hours from final bid...Sorry