Buyouts

[Respected GM]

Spencer  

Is this something you would be open to allow?

[Spencer]

Id need a fleshed out idea.

[lumley316]

Lol of course when it benefits certian people in time of need

[Seattle Supersonics]

Mar 12, 2024 23:04:05 GMT -8 lumley316 said:

Lol of course when it benefits certian people in time of need

[Braz]

Mar 12, 2024 23:04:05 GMT -8 lumley316 said:

Lol of course when it benefits certian people in time of need

like the idea but make it start in 8 seasons

[chipper]

Mar 13, 2024 0:42:23 GMT -8 Braz said:

Mar 12, 2024 23:04:05 GMT -8 lumley316 said:

Lol of course when it benefits certian people in time of need

like the idea but make it start in 8 seasons

This

[Respected GM]

Mar 12, 2024 21:51:42 GMT -8 Spencer said:

Id need a fleshed out idea.

Start XXX Years From Now

1 Buyout allowed every X Years.  I would probably make this fairly long.  

Buyouts only allowed after the file flip and before end of draft.

Player who is bought out goes into FA for that year.  

All remaining contract money goes against the cap hit for the upcoming year.


Open to suggestions.

[Respected GM]

Mar 12, 2024 23:04:05 GMT -8 lumley316 said:

Lol of course when it benefits certian people in time of need

Don't get this, most GM's who would make a major buyout right now would be stuck over the hard cap.

[Nanz]

instead of all remaining contract money maybe its a % of all remaining

[habes]

you shouldn't be allowed to use taxpayer funds to do this

[chipper]

Mar 13, 2024 5:22:26 GMT -8 Nanz said:

instead of all remaining contract money maybe its a % of all remaining

this because otherwise the buyout becomes pointless with a $78 million cap. You'd go over way too quickly. 

and maybe it's spread out over 1, 2, or 5 years. Could be you want to buy out a large 2 year contract and spread that hit over a longer period of time. IDK. just spitballin'.

[Braz]

Mar 13, 2024 5:19:41 GMT -8 Respected GM said:

Mar 12, 2024 21:51:42 GMT -8 Spencer said:

Id need a fleshed out idea.

Start XXX Years From Now

1 Buyout allowed every X Years.  I would probably make this fairly long.  

Buyouts only allowed after the file flip and before end of draft.

Player who is bought out goes into FA for that year.  

All remaining contract money goes against the cap hit for the upcoming year.


Open to suggestions.

spreading out the money for some cost could be cool idk what the nba rules are

[Respected GM]

Mar 13, 2024 6:12:19 GMT -8 Braz said:

Mar 13, 2024 5:19:41 GMT -8 Respected GM said:

Start XXX Years From Now

1 Buyout allowed every X Years.  I would probably make this fairly long.  

Buyouts only allowed after the file flip and before end of draft.

Player who is bought out goes into FA for that year.  

All remaining contract money goes against the cap hit for the upcoming year.


Open to suggestions.

spreading out the money for some cost could be cool idk what the nba rules are

Definitely thought about it.

[Respected GM]

Mar 13, 2024 6:11:41 GMT -8 chipper said:

Mar 13, 2024 5:22:26 GMT -8 Nanz said:

instead of all remaining contract money maybe its a % of all remaining

this because otherwise the buyout becomes pointless with a $78 million cap. You'd go over way too quickly. 

and maybe it's spread out over 1, 2, or 5 years. Could be you want to buy out a large 2 year contract and spread that hit over a longer period of time. IDK. just spitballin'.

I just don't think that is realistic.  No NBA player is going to take a haircut on guaranteed money in a buyout.

2nd point would work, but then again.....If I have a two year contract why would I want it spread over 5 years?  Only way this works if you have 3 year contract and spread over 2, 4 over 3, etc.

[Respected GM]

You could set up a system where you spread a 2 year deal over 5 years but pay an X premium to do so on a year-to-year basis but I think that gets too complicated.

[Respected GM]

Player A has 40 million on a two year contract.

Player A is bought out over the next 6 years.

Player A buyout fee for this is 50% of the contract.

GM Has Dead Cap money of $10 million dollars over the next 6 years, per year, to facilitate.



I think it gets too complicated to manage.....

[Nanz]

they would if you pay the under the table with tax payer money.

[habes]

we the people should not be paying clyde drexler's salary, sorry. 1776

[chipper]

Mar 13, 2024 6:24:14 GMT -8 Respected GM said:

Mar 13, 2024 6:11:41 GMT -8 chipper said:

this because otherwise the buyout becomes pointless with a $78 million cap. You'd go over way too quickly. 

and maybe it's spread out over 1, 2, or 5 years. Could be you want to buy out a large 2 year contract and spread that hit over a longer period of time. IDK. just spitballin'.

I just don't think that is realistic.  No NBA player is going to take a haircut on guaranteed money in a buyout.

2nd point would work, but then again.....If I have a two year contract why would I want it spread over 5 years?  Only way this works if you have 3 year contract and spread over 2, 4 over 3, etc.

In my theory, it's imaginary, but in other leagues we treat it as the player gets all the money but the league allows a certain percentage to be taken off the cap hit. Like, let's say the total of the contract is 2 years, $50 million. 75% of that is $37.5 million, so you could spread that hit over 5 seasons for a $7.5 million hit per season. 'cause otherwise, you won't be able to buy it out in one season. 

You could even go one better and do it as a waiver claim process- during the buyout, anyone could claim (reverse order of the previous season), and if someone did a "full value" claim, they get the contract as it sits. They could also do a "half-value" claim, and get the contract at half the price. So say the contract is $25,000,000, $25,000,000. Team claims it at half price, then the new contract is $12,500,000, $12,500,000. 

then, the team that cut him gets somewhat of a break and gets to half the value of the cut being spread out over however many years. 

We do it this way in another league I'm in but I'm probably not explaining it well enough. I could c/p the rules here. We have a 50/70 soft/hard cap scenario there. 

[chipper]

Teams may elect to buy out contracts on their current roster.

There is one time period available to conduct Buyouts:
After Free Agency until the Trade Deadline (starts in the current year)

Two options are available for use:

> Short Buyout: The value of a short buyout will be equal to the total value of a contract with 3 or more years remaining, divided equally between the current and next league year.
> Long Buyout: The value of a long buyout will be equal to the total value of a contract with 1 to 4 years remaining, divided equally between the current year and the next five league years.

To use a buyout option, a team must make a post in ⁠buyouts with the title of “BUY OUT - Player Name, Team Name”, and then waive the player from the module. That player will stay on the waiver wire for 48 hours, where any team in the league may attempt to claim the player. Two claims are available in this case, both subject to hard cap restrictions:

> Full-Value Claim: A team claims the bought-out player at full salary. The claiming team assumes the full salary, and the old team is not issued a cap penalty for any of the player's contract.
> Half-Value Claim: A team claims the bought-out player at half salary. The old team automatically writes off one-third of the buyout value, and the claiming team receives the player at a contract of equal years to the original contract, but at half price for each year.

Teams interested in making either claim must send a PM to Commish within the 48 hours. The team with the worst record in the current league year will be awarded the bought-out player. IMPORTANT TO NOTE - A full-value claim will trump a half-value claim, regardless of team record.

Exception: Teams are not allowed to place claims on players they traded away within the same season IF that player has not played with another team beyond the team he was dealt to.

EXAMPLE: L.A. trades Billy Thompson to the Hawks in 1989. In 1991, the Hawks buy him out, and the Clippers place a claim on him, acquiring him. This is fine, because the buy out did not occur in 1989. Had it occurred within the same season he was traded, the Clippers would not have been able to place a claim on him, unless Thompson had been traded to another team. Make sense? If not, PM Commish.

If a buyout is conducted within the first three regular season sims, then the combined record of the last three league seasons are used to determine the winning claim.

NOTE: Total team buyouts are limited to 40% of the maximum hard cap. A buyout that exceeds this amount will be nullified, and the player's previous contract restored to the team that owned said contract.

[Respected GM]

Mar 13, 2024 6:32:33 GMT -8 Nanz said:

they would if you pay the under the table with tax payer money.

Player A has a two year contract worth 40 million

Player A takes a one year buyout worth 20 million

Player A wants a 15% of all TikTok revenue generated by the team in perpetuity.

TikTok gets banned in congress 6 months later

Player A is sad

Player A is angry

Player A starts operating an underground gambling den as he has hedged his future TikTok earnings to acquire debt for his Cheeseburger Empire

Consumption of Meat gets banned in congress 6 months later.

Player A is distraught.

Player A sits on the parapet wall of a skyscraper with a bottle of whiskey in his hand.....


.....too complicated for Spence to manage IMO.
 

[chipper]

Mar 13, 2024 6:38:01 GMT -8 chipper said:

Teams may elect to buy out contracts on their current roster.

There is one time period available to conduct Buyouts:
After Free Agency until the Trade Deadline (starts in the current year)

Two options are available for use:

> Short Buyout: The value of a short buyout will be equal to the total value of a contract with 3 or more years remaining, divided equally between the current and next league year.
> Long Buyout: The value of a long buyout will be equal to the total value of a contract with 1 to 4 years remaining, divided equally between the current year and the next five league years.

To use a buyout option, a team must make a post in ⁠buyouts with the title of “BUY OUT - Player Name, Team Name”, and then waive the player from the module. That player will stay on the waiver wire for 48 hours, where any team in the league may attempt to claim the player. Two claims are available in this case, both subject to hard cap restrictions:

> Full-Value Claim: A team claims the bought-out player at full salary. The claiming team assumes the full salary, and the old team is not issued a cap penalty for any of the player's contract.
> Half-Value Claim: A team claims the bought-out player at half salary. The old team automatically writes off one-third of the buyout value, and the claiming team receives the player at a contract of equal years to the original contract, but at half price for each year.

Teams interested in making either claim must send a PM to Commish within the 48 hours. The team with the worst record in the current league year will be awarded the bought-out player. IMPORTANT TO NOTE - A full-value claim will trump a half-value claim, regardless of team record.

Exception: Teams are not allowed to place claims on players they traded away within the same season IF that player has not played with another team beyond the team he was dealt to.

EXAMPLE: L.A. trades Billy Thompson to the Hawks in 1989. In 1991, the Hawks buy him out, and the Clippers place a claim on him, acquiring him. This is fine, because the buy out did not occur in 1989. Had it occurred within the same season he was traded, the Clippers would not have been able to place a claim on him, unless Thompson had been traded to another team. Make sense? If not, PM Commish.

If a buyout is conducted within the first three regular season sims, then the combined record of the last three league seasons are used to determine the winning claim.

NOTE: Total team buyouts are limited to 40% of the maximum hard cap. A buyout that exceeds this amount will be nullified, and the player's previous contract restored to the team that owned said contract.

I posted this originally without the 2nd half of the rule, so if you read the first part read the 2nd part.

[Nanz]

Mar 13, 2024 6:38:50 GMT -8 Respected GM said:

Mar 13, 2024 6:32:33 GMT -8 Nanz said:

they would if you pay the under the table with tax payer money.

Player A has a two year contract worth 40 million

Player A takes a one year buyout worth 20 million

Player A wants a 15% of all TikTok revenue generated by the team in perpetuity.

TikTok gets banned in congress 6 months later

Player A is sad

Player A is angry

Player A starts operating an underground gambling den as he has hedged his future TikTok earnings to acquire debt for his Cheeseburger Empire

Consumption of Meat gets banned in congress 6 months later.

Player A is distraught.

Player A sits on the parapet wall of a skyscraper with a bottle of whiskey in his hand.....


.....too complicated for Spence to manage IMO.
 

*Player A allows teammates that were with him at the time of the buyout to invest in Cheeseburge empire.

[habes]

no.

[Respected GM]

Mar 13, 2024 6:36:17 GMT -8 chipper said:

Mar 13, 2024 6:24:14 GMT -8 Respected GM said:

I just don't think that is realistic.  No NBA player is going to take a haircut on guaranteed money in a buyout.

2nd point would work, but then again.....If I have a two year contract why would I want it spread over 5 years?  Only way this works if you have 3 year contract and spread over 2, 4 over 3, etc.

In my theory, it's imaginary, but in other leagues we treat it as the player gets all the money but the league allows a certain percentage to be taken off the cap hit. Like, let's say the total of the contract is 2 years, $50 million. 75% of that is $37.5 million, so you could spread that hit over 5 seasons for a $7.5 million hit per season. 'cause otherwise, you won't be able to buy it out in one season. 

You could even go one better and do it as a waiver claim process- during the buyout, anyone could claim (reverse order of the previous season), and if someone did a "full value" claim, they get the contract as it sits. They could also do a "half-value" claim, and get the contract at half the price. So say the contract is $25,000,000, $25,000,000. Team claims it at half price, then the new contract is $12,500,000, $12,500,000. 

then, the team that cut him gets somewhat of a break and gets to half the value of the cut being spread out over however many years. 

We do it this way in another league I'm in but I'm probably not explaining it well enough. I could c/p the rules here. We have a 50/70 soft/hard cap scenario there. 

I think this is just way too complicated to manage.

[habes]

Player A, you've earned your paycheck and then some. Here's a raise.

[Nanz]

how would we track each player's ownership stake in Cheeseburger Empire? Mybe the RC thread?

[nybombers3]

I like the idea (I feel like this was discussed before) of teams being able to buyout older players. Say a Mitch Richmond if he was in indy type thing.

[Jayda]

I think this is too much.

[Respected GM]

I just cooked a cheeseburger......at 9:45 AM.