Post by Yamhill High Flyers on Oct 16, 2017 18:58:24 GMT
Just wanted to make sure everyone knows the contracts and buyouts rules in case they come in to play how players are drafted down the stretch. (Rules can be discussed and voted on for future years, but this is how we roll to start off.)
Contracts: After the draft, all owners will assign a 1, 2 or 3 year contract to each player. I believe variety in contracts makes for a better league. This likely will occur naturally, but, to help encourage this, I will require that every team has as least two of each contracts on their roster for the inaugural year.
Extensions: After each year, each team will be able to extend 2 contracts on their team. Contracts can be 1 or 2 years, and a fee of $3 per year will occur. So a player with $10 contract would be $13 in its first extended year and $16 in its second.
Free Agents: Any free agent picked up will be on a 1-year, .50 contract. Free agent pickups can be extended, with standard $3 raise for each year up to 2 years.
Buyouts : Contract buyouts will count 50% of total remaining salary (TMS, including full amount of current year) against current year's cap -- and, 10% of TMS against cap for any future year of contract.
Example A: A player on a 3 yr / $30 contract blows chunks and owner wants to drop him. 3yr x $30 = $90 remaining owned / 2 = $45 on the current year's cap ($15 added to current year salaries) NOTE, if this move puts a team over the cap, it will be voided and player must remain on roster. AND, with 2 future years remaining, $90 x 10% = $9 penalty on the next two years' cap. (which was at $30, so team gets $9 in cap relief the next two years, but doesn't have a player to show for it.)
Example B: A players w 2 yr / $10 contract. $20 remaining, $10 for current year cap and $2 for the next year's cap.
Example C: Player w 1 yr $7 contract is bought out. $3.50 goes to cap while the $7 is subtracted, leading to $3.50 of cap space opening up.
Don't be afraid to ask questions.
***********
All players currently on an NBA roster available to draft.
Minimum nomination bid is $0.50. Minimum bid increments: All subsequent bids must stay within the following bid structure:
$.50 - $4.99: Minimum increments of $.25
$5 - $9.99 : Minimum increments of $.50
$10 - $19.99 : Minimum increments of $1
$20 - $29.99 : Minimum increments of $1.50
$30 - $39.99 : Minimum increments of $2
$40 + : Minimum increments of $3
Winning Players: your high bid must stand for 18 hours.
Teams cannot have bids on the table that would put them over the cap level if they won all players. So, if you have $10 of cap left, you can't have bids out of $5, $4, and $3.
Contracts: After the draft, all owners will assign a 1, 2 or 3 year contract to each player. I believe variety in contracts makes for a better league. This likely will occur naturally, but, to help encourage this, I will require that every team has as least two of each contracts on their roster for the inaugural year.
Extensions: After each year, each team will be able to extend 2 contracts on their team. Contracts can be 1 or 2 years, and a fee of $3 per year will occur. So a player with $10 contract would be $13 in its first extended year and $16 in its second.
Free Agents: Any free agent picked up will be on a 1-year, .50 contract. Free agent pickups can be extended, with standard $3 raise for each year up to 2 years.
Buyouts : Contract buyouts will count 50% of total remaining salary (TMS, including full amount of current year) against current year's cap -- and, 10% of TMS against cap for any future year of contract.
Example A: A player on a 3 yr / $30 contract blows chunks and owner wants to drop him. 3yr x $30 = $90 remaining owned / 2 = $45 on the current year's cap ($15 added to current year salaries) NOTE, if this move puts a team over the cap, it will be voided and player must remain on roster. AND, with 2 future years remaining, $90 x 10% = $9 penalty on the next two years' cap. (which was at $30, so team gets $9 in cap relief the next two years, but doesn't have a player to show for it.)
Example B: A players w 2 yr / $10 contract. $20 remaining, $10 for current year cap and $2 for the next year's cap.
Example C: Player w 1 yr $7 contract is bought out. $3.50 goes to cap while the $7 is subtracted, leading to $3.50 of cap space opening up.
Don't be afraid to ask questions.
***********
All players currently on an NBA roster available to draft.
Minimum nomination bid is $0.50. Minimum bid increments: All subsequent bids must stay within the following bid structure:
$.50 - $4.99: Minimum increments of $.25
$5 - $9.99 : Minimum increments of $.50
$10 - $19.99 : Minimum increments of $1
$20 - $29.99 : Minimum increments of $1.50
$30 - $39.99 : Minimum increments of $2
$40 + : Minimum increments of $3
Winning Players: your high bid must stand for 18 hours.
Teams cannot have bids on the table that would put them over the cap level if they won all players. So, if you have $10 of cap left, you can't have bids out of $5, $4, and $3.
