Post by Rawhide GM (Jimmy-LM) on Sept 12, 2013 6:54:28 GMT -5
A GM has the right to waive any player to free agency. To waive a player you must post him in a new thread under the section titled "Waivers". This will make permanent the decision to waive a player to free agency (non-revocable). Once posted, a player will be subject to hold for a 72 hour period, during which two actions can be taken.
1. Player can be claimed by another team, of which posting team will receive nothing in return and the claiming team will take on the player and his entire contract. If 2 teams place a claim for the same period, waiver order will be consulted (which will be determined by the reverse order of Inaugural Draft). Once the season starts, the waiver order will be subject to the standings, as of the previous scoring Monday.
2. Player goes unclaimed, of which the posting team will be responsible for 50% of the remaining contract.
EXCEPTION: After the Trade Deadline, MLB players can be posted on revocable waivers. Any claimed player will be subject to 48 hours for a deal between posting and claiming teams. Failure to agree to a deal will allow the posting team the decision to hold on to the player, or be released to free agency. If a player is held onto by the posting team after 48 hours, he may not be traded at any point. Players may only be posted on revocable waivers once per season.
*Note - the GM who previously waived said player and now wants to pick that player back up through FA, MUST initially bid an amount (and term, if applicable) equal to or greater than the amount and term at the time said player was dropped to FA. Any lesser bid by that GM will be invalid and immediately voided.
Dropping Prospects
If you drop a defined Prospect, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. Minor league players are free to drop.
To "waive" a player, please post their name to the league bulletin board under the section "Waivers". Prospects who have not accrued 50/150 requirements are not able to be claimed. They will be released straight into free agency. Protected Prospects will be subject to waiver rules above.
Free Agent Buyout Clause
Each team has the ability to buyout the remaining contract of any player signed to a "Real Life" contract. What that means is a player who was either drafted or franchised, thus having the exact same contract as listed on www.baseballprospectus.com/compensation/cots/ . What the Buyout Clause allows for teams to eat the remaining salary on a one year hit. For example you have Alex Rodriguez 2014: $25M 2015: $21M 2016: $20M 2017: $20M, under the old rules if you waived him you would be responsible for 2014: $12.5M 2015: $11.5M 2016: $10M 2017: $10M, really crippling your cap the next several years. Under the Buyout Clause you can now eat all $44M this season and be free of him next season. This allows for teams to get out from under bad contracts and compete sooner. For any league signed free agent contract. If you want to buy it out, you need to contact myself and I will put it up for vote to the TRP. Each league contract buyout will be decided on a case by case basis.
AMENDMENTS:
Amendment 10.2 Revocable Waivers
There will now be a set period for revocable waivers and trading. There will be a set period that players can be posted as well a maximum of 5 players that can post on revocable waivers. An example of how this will work is listed below (please not, these dates are used as an example, and will be subject to change on a yearly basis, based upon MLBs schedule of games)
Trade deadline 8/5 midnight
8/11-8/14 players can be placed on revocable waivers. A maximum of 5 players can be posted per team.
8/15-8-17 any player placed on revocable waivers can be claimed. 1 PM with all claimed players sent to mlbpa
8/18 claims announced. Players will claimed in the order they were posted. The team lowest in the standings that post a claim will win the trading rights for the player, and will move to the bottom of the standings. All unclaimed players can be traded freely. No player that has exceeded the 150/50 limit can be traded with out being placed through revocable waivers after the trade deadline.
8/20 all trades of claimed or unclaimed players must be posted by the end of this date.
...
Amendment 10.3 Buyout Clauses
The current buyout method is being reworked, and there will now be a tougher method to buyout of contracts. Previously you could buy out a players full contract remaining for 50% of the entire sum of remaining money, or 50% of each year for the remainder of the contract. This percentage will now increase significantly, and will also have a step program.
If you are buying out a 1 year deal, the penalty is now 75% of the contract remaining
(example: Player A 2015:$10.0M = penalty owed for 2015 = $7.5M)
If you are buying out a 2 year deal, the penalty is now 70% of the contract remaining
(example: Player B 2015:$10.0M, 2016:$10.0M = Penalty owed for 2015 is $14.0M, or over two years would be $7.0M each for 2015, and 2016)
If you are buying out a 3 year deal or longer, the penalty is now 65% of the contract remaining
(example: Player C 2015:$10.0M, 2016:$10.0M, 2017:$10.0M = Penalty owed for 2015 is $19.5M, or over three years would be $6.5M each year)
Amendment 10.3.2 Buyout Clauses
The current buyout method is being reworked, and there will now be a tougher method to buyout of contracts. Previously you could buy out a players full contract remaining for 50% of the entire sum of remaining money, or 50% of each year for the remainder of the contract. This percentage will now increase significantly, and will also have a step program.
If you are buying out a 1 year deal, the penalty is now 60% of the contract remaining
(example: Player A 2015:$10.0M = penalty owed for 2015 = $6.0M)
If you are buying out a 2 year deal, the penalty is now 55% of the contract remaining
(example: Player B 2015:$10.0M, 2016:$10.0M = Penalty owed for 2015 is $11.0M, or over two years would be $5.5M each for 2015, and 2016)
If you are buying out a 3 year deal or longer, the penalty is now 50% of the contract remaining
(example: Player C 2015:$10.0M, 2016:$10.0M, 2017:$10.0M = Penalty owed for 2015 is $15.0M, or over three years would be $5.0M each year)
1. Player can be claimed by another team, of which posting team will receive nothing in return and the claiming team will take on the player and his entire contract. If 2 teams place a claim for the same period, waiver order will be consulted (which will be determined by the reverse order of Inaugural Draft). Once the season starts, the waiver order will be subject to the standings, as of the previous scoring Monday.
2. Player goes unclaimed, of which the posting team will be responsible for 50% of the remaining contract.
*Note - the GM who previously waived said player and now wants to pick that player back up through FA, MUST initially bid an amount (and term, if applicable) equal to or greater than the amount and term at the time said player was dropped to FA. Any lesser bid by that GM will be invalid and immediately voided.
Dropping Prospects
If you drop a defined Prospect, you are responsible for half their salary for the year you dropped them only. You have no more financial responsibility to that player the following year. Minor league players are free to drop.
To "waive" a player, please post their name to the league bulletin board under the section "Waivers". Prospects who have not accrued 50/150 requirements are not able to be claimed. They will be released straight into free agency. Protected Prospects will be subject to waiver rules above.
Free Agent Buyout Clause
Each team has the ability to buyout the remaining contract of any player signed to a "Real Life" contract. What that means is a player who was either drafted or franchised, thus having the exact same contract as listed on www.baseballprospectus.com/compensation/cots/ . What the Buyout Clause allows for teams to eat the remaining salary on a one year hit. For example you have Alex Rodriguez 2014: $25M 2015: $21M 2016: $20M 2017: $20M, under the old rules if you waived him you would be responsible for 2014: $12.5M 2015: $11.5M 2016: $10M 2017: $10M, really crippling your cap the next several years. Under the Buyout Clause you can now eat all $44M this season and be free of him next season. This allows for teams to get out from under bad contracts and compete sooner. For any league signed free agent contract. If you want to buy it out, you need to contact myself and I will put it up for vote to the TRP. Each league contract buyout will be decided on a case by case basis.
AMENDMENTS:
There will now be a set period for revocable waivers and trading. There will be a set period that players can be posted as well a maximum of 5 players that can post on revocable waivers. An example of how this will work is listed below (please not, these dates are used as an example, and will be subject to change on a yearly basis, based upon MLBs schedule of games)
Trade deadline 8/5 midnight
8/11-8/14 players can be placed on revocable waivers. A maximum of 5 players can be posted per team.
8/15-8-17 any player placed on revocable waivers can be claimed. 1 PM with all claimed players sent to mlbpa
8/18 claims announced. Players will claimed in the order they were posted. The team lowest in the standings that post a claim will win the trading rights for the player, and will move to the bottom of the standings. All unclaimed players can be traded freely. No player that has exceeded the 150/50 limit can be traded with out being placed through revocable waivers after the trade deadline.
8/20 all trades of claimed or unclaimed players must be posted by the end of this date.
...
The current buyout method is being reworked, and there will now be a tougher method to buyout of contracts. Previously you could buy out a players full contract remaining for 50% of the entire sum of remaining money, or 50% of each year for the remainder of the contract. This percentage will now increase significantly, and will also have a step program.
If you are buying out a 1 year deal, the penalty is now 75% of the contract remaining
(example: Player A 2015:$10.0M = penalty owed for 2015 = $7.5M)
If you are buying out a 2 year deal, the penalty is now 70% of the contract remaining
(example: Player B 2015:$10.0M, 2016:$10.0M = Penalty owed for 2015 is $14.0M, or over two years would be $7.0M each for 2015, and 2016)
If you are buying out a 3 year deal or longer, the penalty is now 65% of the contract remaining
(example: Player C 2015:$10.0M, 2016:$10.0M, 2017:$10.0M = Penalty owed for 2015 is $19.5M, or over three years would be $6.5M each year)
The current buyout method is being reworked, and there will now be a tougher method to buyout of contracts. Previously you could buy out a players full contract remaining for 50% of the entire sum of remaining money, or 50% of each year for the remainder of the contract. This percentage will now increase significantly, and will also have a step program.
If you are buying out a 1 year deal, the penalty is now 60% of the contract remaining
(example: Player A 2015:$10.0M = penalty owed for 2015 = $6.0M)
If you are buying out a 2 year deal, the penalty is now 55% of the contract remaining
(example: Player B 2015:$10.0M, 2016:$10.0M = Penalty owed for 2015 is $11.0M, or over two years would be $5.5M each for 2015, and 2016)
If you are buying out a 3 year deal or longer, the penalty is now 50% of the contract remaining
10.3.3 Buyout Clauses
The buyout method has now been resimplified as 50% of the contract remaining, regardless of years
10.2.1 Revocable Waivers has been abolished as MLB has also abolished them. This in keeping with the times.
