Post by Patriots GM (Daniel) on Jul 17, 2011 15:46:52 GMT
Waivers:
To release a player, you must post a thread in the waiver forum containing his contract terms, when a player is waivered the player's salary is immediately removed from the teams total salary. Fellow GM's will have 48 hours to claim the waived player. If he is claimed, no salary cap hit will apply. If he is not claimed you'll have to release him at a 35% cap hit for the remainder of the contract. That means if you have him signed for 3 years, the salary cap hit will apply for each of the 3 years.
Waiver Claims:
Waiver claims must be posted on the waived player's thread within 48 hours. After 48 hours, the team with the highest "Waiver Priority" will be awarded the player and will assume the existing contract. It doesn't matter what order claims are posted. The team being awarded the player will then move to the bottom of the Waiver Priority. Priorities are reset each off-season in reverse order of finish (same as draft order). You have exactly 10 minutes to remove a claim on a player.
Conditional Waivers:
If you are at the roster limit, you may conditionally waive a player in order to place a bid on a free agent (or to make a trade) which would have put you over the roster limit. State that the player is conditionally waived pending winning free agent "X" (or having a trade approved). Teams may claim this player like any other waived player, but you may reclaim the player if you are outbid (or the trade is vetoed). You have 24 hours to reclaim your player only if you are outbid (or your trade is vetoed). The team will take a 10% penalty of the salary for 1 year if the player is reclaimed.
Unclaimed Waivers:
If a player is waived and not claimed within 48 hours there will be a 35% cap hit for every year of the contract. That player becomes a free agent, and the same rules apply to that player as they do to all free agents. The only difference is that the owner who released that player CANNOT bid for the rest of the season. If the player is later released by his new owner, then the original owner can bid.
Contract Buyouts:
An owner can choose to pay off all of the waiver penalty in one year if they choose to. This can only be done during the offseason however and must be posted no later than the final roster cut down date. This can be posted in the waivers board with 'BUYOUT' in the title.
For Example a 3 year, $1,000,000 contract at 35% cap penalty would carry a waiver hit of $350,000 for 3 years. However if the owner decides to use a contract buyout then they would receive a cap hit of $1,050,000 for 1 year and pay nothing for the following 2.
Free Drop for New Owners:
A new owner to the league will be allowed to drop one player from their roster without paying the associated waiver penalty. The owner will be allowed to bid upon this player in Free Agency. An owner has 3 days to make their free drop, and it must be posted in the waivers board with 'FREE DROP' in the title.
"Gaines Adams Rule":
In the event of the death of a player currently under contract, the player may be released without a cap hit, and may he rest in peace.
To release a player, you must post a thread in the waiver forum containing his contract terms, when a player is waivered the player's salary is immediately removed from the teams total salary. Fellow GM's will have 48 hours to claim the waived player. If he is claimed, no salary cap hit will apply. If he is not claimed you'll have to release him at a 35% cap hit for the remainder of the contract. That means if you have him signed for 3 years, the salary cap hit will apply for each of the 3 years.
Waiver Claims:
Waiver claims must be posted on the waived player's thread within 48 hours. After 48 hours, the team with the highest "Waiver Priority" will be awarded the player and will assume the existing contract. It doesn't matter what order claims are posted. The team being awarded the player will then move to the bottom of the Waiver Priority. Priorities are reset each off-season in reverse order of finish (same as draft order). You have exactly 10 minutes to remove a claim on a player.
Conditional Waivers:
If you are at the roster limit, you may conditionally waive a player in order to place a bid on a free agent (or to make a trade) which would have put you over the roster limit. State that the player is conditionally waived pending winning free agent "X" (or having a trade approved). Teams may claim this player like any other waived player, but you may reclaim the player if you are outbid (or the trade is vetoed). You have 24 hours to reclaim your player only if you are outbid (or your trade is vetoed). The team will take a 10% penalty of the salary for 1 year if the player is reclaimed.
Unclaimed Waivers:
If a player is waived and not claimed within 48 hours there will be a 35% cap hit for every year of the contract. That player becomes a free agent, and the same rules apply to that player as they do to all free agents. The only difference is that the owner who released that player CANNOT bid for the rest of the season. If the player is later released by his new owner, then the original owner can bid.
Contract Buyouts:
An owner can choose to pay off all of the waiver penalty in one year if they choose to. This can only be done during the offseason however and must be posted no later than the final roster cut down date. This can be posted in the waivers board with 'BUYOUT' in the title.
For Example a 3 year, $1,000,000 contract at 35% cap penalty would carry a waiver hit of $350,000 for 3 years. However if the owner decides to use a contract buyout then they would receive a cap hit of $1,050,000 for 1 year and pay nothing for the following 2.
Free Drop for New Owners:
A new owner to the league will be allowed to drop one player from their roster without paying the associated waiver penalty. The owner will be allowed to bid upon this player in Free Agency. An owner has 3 days to make their free drop, and it must be posted in the waivers board with 'FREE DROP' in the title.
"Gaines Adams Rule":
In the event of the death of a player currently under contract, the player may be released without a cap hit, and may he rest in peace.
