Sub Section 1 is Releasing players,
The applicable rule is in Sub Section 2:
Sub-Section 2- Contract Buyouts
Item AX C(2) 1.0
Money owed to a player released under contract may be financed through a contract buyout. This is done by first releasing the player by using the aforementioned formula (Releasing Players). Then the remaining contract amounts are added together, multiplied by 1.1, and the total is rounded up to the nearest $0.5m. This amount may be divided up any way you choose as long as the number of years is not more than what it was before AND that no salary owed in any year is more than an amount in a prior year. I will use some current examples to highlight the effects of the buyout and its 10% tax.