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ProFSL Front Office => Franchise GM: Transactions => Franchise GM => MLB DYNASTY GM HOME => Franchise GM: Completed Transactions => Topic started by: jpmanchester on August 17, 2016, 09:28:31 PM

Title: Cubs buy out -- Cubs GM Please Read
Post by: jpmanchester on August 17, 2016, 09:28:31 PM: Cubs would like to buy out Buchanan.

SP Buchanan, David, $2.5m (2017) cap hits:
2016 = %75 = $2m
2017 = %50 = $1.5m
Title: Re: Cubs buy out
Post by: Flash on August 17, 2016, 09:36:31 PM: Quote from: jpmanchester on August 17, 2016, 09:28:31 PM
Cubs would like to buy out Buchanan.

SP Buchanan, David, $2.5m (2017) cap hits:
2016 = %75 = $2m
2017 = %50 = $1.5m

When you buyout a contract, you must multiply the added amount of the Released under Contracts by 1.1%.

$2m + $1.5m = $3.5m X 1.1% = $3.85m -- Buyout amount: $4.0m
Title: Re: Cubs buy out -- Cubs GM Please Read
Post by: jpmanchester on August 17, 2016, 10:01:31 PM: My bad, wrong term then. I'd like to release him with the 75%, 50% penalties.
Title: Re: Cubs buy out -- Cubs GM Please Read
Post by: Flash on August 17, 2016, 10:40:50 PM: Quote from: jpmanchester on August 17, 2016, 09:28:31 PM
Cubs would like to buy out Buchanan.

SP Buchanan, David, $2.5m (2017) cap hits:
2016 = %75 = $2m
2017 = %50 = $1.5m

Released Under Contract
Title: Re: Cubs buy out -- Cubs GM Please Read
Post by: BHows on August 18, 2016, 02:03:10 AM: Quote from: Flash on August 17, 2016, 10:40:50 PM
Released Under Contract

:judge: