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FYI, the inept GM that gave the money out to Vernon Wells was not in Franchise GM, but in MLB. Ricciardi, the assistant to Billy Beane in Oakland, either thought it was a great idea or ownership pressed it on him to do.
The only suggestion I can make, in response to your comment Ben (re: Wagner etc) is if a player is signed after a certain age during OFA bidding - TS, he is yours for the life of the contract. Or we can have an out clause if the players career is ended by injury or unforeseen circumstances, outside of old age. In this case Kenji Johjima would be a good example. Also in fairness, any inherited contracts should not be subject to any retirement speculation, since we didn't sign them, we just got stuck with them. If the guy officially retires, and it is a contract originated from July 09, then you should be allowed some leeway. IMO
...I don't think I understand this rule at all and it is because I am not that smart but lets take the Dye situation. He is scheduled to make $11M...so 90% of that is $9.9M plus 10% tax on $11M is $1.1M and that gives me $11M cap hit and without the rights to the player in the event he comes back....I have got to be missing something...
This is a good suggestion, my only concern would be if we get into a situation where teams are abusing the fact that they get a free pass if someone retires (see my comments above). If we can ensure that the rule would not be abused, I'd have no problem with a rule that keeps teams from getting screwed by something out of their control (an unexpected early retirement).
FYI, you can buy out a contract. Cap hits apply and then it can be wrapped up into one year with a 10% tax.