ProFSL: Pro Fantasy Sports Leagues
ProFSL Front Office => Franchise GM: Transactions => Franchise GM => MLB DYNASTY GM HOME => Franchise GM: Completed Transactions => Topic started by: RyanJames5 on September 25, 2016, 01:15:21 PM
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So I hate to have to make this move so quickly in such a sad situation, but I don't want to end up with a cap hit next year for him. So I'll be releasing/buying out Jose Fernandez.
Being such a unique situation, and the fact that his extension hadn't kicked in yet id think I could release him under his prospect contract at no cap hit. But if that's not the case, I believe the buyout is 3M, 2M, 1M, 1M, 1M. For a total of 8M times 1.1 rounded up is 9M. So that would be the cap hit for this year.
Thanks.
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So I hate to have to make this move so quickly in such a sad situation, but I don't want to end up with a cap hit next year for him. So I'll be releasing/buying out Jose Fernandez.
Being such a unique situation, and the fact that his extension hadn't kicked in yet id think I could release him under his prospect contract at no cap hit. But if that's not the case, I believe the buyout is 3M, 2M, 1M, 1M, 1M. For a total of 8M times 1.1 rounded up is 9M. So that would be the cap hit for this year.
Thanks.
The untimely passing of Jose Fernandez is certainly a tragedy for his family, teammates, and MLB baseball--including fantasy players like ourselves. We are all saddened by this tragic event.
With that, as a result of his prospect contract extension, he cannot be dropped without a salary cap obligation. The contract could be bought out for $7.0m under the provisions of our contract buyouts.
$0.5m + $2.0m + $1.0m + $1.0m + $1.0m + $1.0m = $6.5m
$6.5m x 1.1% = $7.15m rounded down to a buyout of $7.0m.
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The untimely passing of Jose Fernandez is certainly a tragedy for his family, teammates, and MLB baseball--including fantasy players like ourselves. We are all saddened by this tragic event.
With that, as a result of his prospect contract extension, he cannot be dropped without a salary cap obligation. The contract could be bought out for $7.0m under the provisions of our contract buyouts.
$0.5m + $2.0m + $1.0m + $1.0m + $1.0m + $1.0m = $6.5m
$6.5m x 1.1% = $7.15m rounded down to a buyout of $7.0m.
:iatp:
The contract extension has been "signed" and therefore in place since February.
A sad situation but the Cards are up against the clock with the extension deadline at midnight tonight.
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The untimely passing of Jose Fernandez is certainly a tragedy for his family, teammates, and MLB baseball--including fantasy players like ourselves. We are all saddened by this tragic event.
With that, as a result of his prospect contract extension, he cannot be dropped without a salary cap obligation. The contract could be bought out for $7.0m under the provisions of our contract buyouts.
$0.5m + $2.0m + $1.0m + $1.0m + $1.0m + $1.0m = $6.5m
$6.5m x 1.1% = $7.15m rounded down to a buyout of $7.0m.
Shouldn't it be $7.5? I don't think we ever round down. It's always up to the nearest $500k.
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Shouldn't it be $7.5? I don't think we ever round down. It's always up to the nearest $500k.
Item AX C(1)-3.0
The hit against the cap is rounded to the nearest $500,000. Therefore, if it ends up being less than $250,000, the hit to the cap will be zero for that year.
The only time we would round up if the amount is less than $0.250m is when there is a minimum level required--like the 70% extension rule.
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Hmmmm. I think I was confused by this. I guess this is for getting the buyout number and not the cap penalty. Maybe we need to change this rounding down thing. It should be consistent with each rule. I don't ever remember rounding down in five seasons. Just my thoughts.
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.
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Hmmmm. I think I was confused by this. I guess this is for getting the buyout number and not the cap penalty. Maybe we need to change this rounding down thing. It should be consistent with each rule. I don't ever remember rounding down in five seasons. Just my thoughts.
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.
Well, I stand corrected. Thanks for pointing it out. The contract buyout amount would be $7.5m.
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So I hate to have to make this move so quickly in such a sad situation, but I don't want to end up with a cap hit next year for him. So I'll be releasing/buying out Jose Fernandez.
Being such a unique situation, and the fact that his extension hadn't kicked in yet id think I could release him under his prospect contract at no cap hit. But if that's not the case, I believe the buyout is 3M, 2M, 1M, 1M, 1M. For a total of 8M times 1.1 rounded up is 9M. So that would be the cap hit for this year.
Thanks.
:judge: