release vs. buyout
Sun Dec 28, 2003 7:40 pm
can someone explain the difference between a player being released and a player being buyout?
Sun Dec 28, 2003 8:19 pm
I may be wrong, but I think I'm right...
When a player's released, the team has to pay the remainder of their contract. When their contract is bought out, an agreement is reached and a lump sum is given or the remainder of the contract is paid to the player.
When a player's released, the team has to pay the remainder of their contract. When their contract is bought out, an agreement is reached and a lump sum is given or the remainder of the contract is paid to the player.
Mon Dec 29, 2003 12:49 am
Mr. Shane wrote:I may be wrong, but I think I'm right...
When a player's released, the team has to pay the remainder of their contract. When their contract is bought out, an agreement is reached and a lump sum is given or the remainder of the contract is paid to the player.
I'm pretty sure thats right.
Mon Dec 29, 2003 9:32 am
The only big diff is that teams usualy waive or relase players the are on minimus coz they cant buy it out any cheaper, but with a buy out u can get a lot of cap room coz its like the contract never existed.