« previous next »
Pages: [1]   Go Down

Author Topic: Buy-outs  (Read 1411 times)

0 Members and 0 Guests are viewing this topic.

Buy-outs
« on: February 23, 2011, 10:33:46 AM »

Offline Coach

  • Kristaps Porzingis
  • Posts: 178
  • Tommy Points: 109
Quick question:

How long do players bought out of a contract stay on the teams cap number?

For example, if we traded JO to someone, and they bought him out, would he still count on the team's cap number?  Or does that cap hit (as well as the luxury tax bill) just go away following the buy out?
Logged
Re: Buy-outs
« Reply #1 on: February 23, 2011, 10:51:22 AM »

Online Roy H.

  • Forums Manager
  • James Naismith
  • *********************************
  • Posts: 62899
  • Tommy Points: -25468
  • Bo Knows: Joe Don't Know Diddley
Quote from: Coach on February 23, 2011, 10:33:46 AM
Quick question:

How long do players bought out of a contract stay on the teams cap number?

For example, if we traded JO to someone, and they bought him out, would he still count on the team's cap number?  Or does that cap hit (as well as the luxury tax bill) just go away following the buy out?

The salary cap hit is spread equally over the remaining years on a player's contract.

For instance, let's say that J.O. agrees to a buyout of $8 million, which includes salary he's already been paid to date.  For each of 2011 and 2012, he carries a cap hit of $4.0 million.
Logged


I'M THE SILVERBACK GORILLA IN THIS MOTHER... AND DON'T NONE OF YA'LL EVER FORGET IT!@ 34 minutes

Porzingis / Giannis / Turkuglu / Jrue / Curry
TBD / Brand / TBD / Oladipo / TBD
Re: Buy-outs
« Reply #2 on: February 23, 2011, 10:52:15 AM »

Offline Coach

  • Kristaps Porzingis
  • Posts: 178
  • Tommy Points: 109
Thank you!
Logged
Pages: [1]   Go Up
« previous next »