Post by Oklahoma City Thunder on Jan 18, 2010 6:34:14 GMT -5
Read up on all the points in the "bvuyout?" thread before you vote. Everyone that posted in that thread brought up good points for both sides. The infamous Buyout discussion thread - LINK
If we vote to have the buyout rule, here are the preliminary guidelines:
1) Only one buyout per team, per season.
2) Buyout amount is at least 100% of year 1, plus 50% of year 2, plus 25-50% of any remaining years.
3) The player must be on your team for 1 season before you can offer a buyout.
Everyone please vote. If you would like to add an explanation as to why you are voting a certain way, by all means.
If we vote to have the buyout rule, here are the preliminary guidelines:
1) Only one buyout per team, per season.
2) Buyout amount is at least 100% of year 1, plus 50% of year 2, plus 25-50% of any remaining years.
3) The player must be on your team for 1 season before you can offer a buyout.
You must pay 100% of the players' first year salary, plus 50% of his 2nd year salary, plus 25% of any remaining years of salary for the player.
You must have enough cap space in the current year to cover the whole buyout.
Example:
Player A: $7,000,000 | $8,000,000 | $9,000,000 | $10,000,000
I have player A, and now I've decided to buy him out. Let's figure out how much it costs to buy him out.
100% of year 1 = $7,000,000
plus
50% of year 2 ($8,000,000 x .5) = $4,000,000
plus
25% of year 3 ($9,000,000 x .25) = $2,250,000
plus
25% of year 4 ($10,000,000 x .25) = $2,500,000
So, add them all up...
$7,000,000 + $4,000,000 + $2,250,000 + $2,500,000
and you get
$15,750,000
So, that's how much it would cost me to buy that player out. This does NOT mean you need to currently have $15,750,000 in cap space to buy the player out. You get to subtract the players' current salary, since you were already paying that amount to him. You don't want to count that twice. Get it?
So, $15,750,000 - $7,000,000 = $8,750,000. You need to have at least an additional $8,750,000 in cap space currently, to buy out a player with this contract.
I hope this was in detail enough for everyone, and that it is clearly understood.
You must have enough cap space in the current year to cover the whole buyout.
Example:
Player A: $7,000,000 | $8,000,000 | $9,000,000 | $10,000,000
I have player A, and now I've decided to buy him out. Let's figure out how much it costs to buy him out.
100% of year 1 = $7,000,000
plus
50% of year 2 ($8,000,000 x .5) = $4,000,000
plus
25% of year 3 ($9,000,000 x .25) = $2,250,000
plus
25% of year 4 ($10,000,000 x .25) = $2,500,000
So, add them all up...
$7,000,000 + $4,000,000 + $2,250,000 + $2,500,000
and you get
$15,750,000
So, that's how much it would cost me to buy that player out. This does NOT mean you need to currently have $15,750,000 in cap space to buy the player out. You get to subtract the players' current salary, since you were already paying that amount to him. You don't want to count that twice. Get it?
So, $15,750,000 - $7,000,000 = $8,750,000. You need to have at least an additional $8,750,000 in cap space currently, to buy out a player with this contract.
I hope this was in detail enough for everyone, and that it is clearly understood.
Everyone please vote. If you would like to add an explanation as to why you are voting a certain way, by all means.