release vs. buyout
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release vs. buyout
by Amphatoast on Sun Dec 28, 2003 7:40 pm
can someone explain the difference between a player being released and a player being buyout?
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by Wall St. Peon on 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.
Shane
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by Ruff Ryder on 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.
'Retired'
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by bballer22 on 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.
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