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Glen Rice Jr IW (contract void)

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Glen Rice Jr IW (contract void)

Post by dboy77_2000 on Wed Jan 07, 2015 3:02 pm

Rice was waived by the Wizards today, so I am voiding his contract.  1.5M owed.

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Re: Glen Rice Jr IW (contract void)

Post by DmanofGod1 on Fri Jan 16, 2015 4:26 pm

hate to tell you this but you don't get to void his contract because he was cut.  Voiding is for guys that like unexpectedly murder someone, get thrown in jail for fighting dogs or something of the sort lol... but not basketball related.

For right now, I'll leave him on your books but he's on the hook for 3/3/3/*4.

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Re: Glen Rice Jr IW (contract void)

Post by dboy77_2000 on Fri Jan 16, 2015 4:55 pm

Rules state " If a player retires or his contract is voided by his "real" team for any reason, an owner has the option to void the player’s contract within 14 days of the official retirement/void announcement."

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Re: Glen Rice Jr IW (contract void)

Post by dboy77_2000 on Fri Jan 16, 2015 5:01 pm

I get it though - voiding an NBA contract is different than waiving a player.  The rule book is not too clear.  So I now have a player on my team who is not actually in the NBA.

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Re: Glen Rice Jr IW (contract void)

Post by dboy77_2000 on Fri Jan 16, 2015 5:04 pm

Btw, the Wizards keep things pretty close, and they never disclosed why he was cut (they didn't have to, since he was on an unguaranteed deal).  He is a good bball player, so for all we know he may have punched someone in practice.

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Re: Glen Rice Jr IW (contract void)

Post by MistaDuMa on Fri Jan 16, 2015 7:10 pm

Yeah, I think we mainly out this in there for situations like Gilbert Arenas as opposed to players being waived or cut.
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Re: Glen Rice Jr IW (contract void)

Post by DmanofGod1 on Fri Jan 16, 2015 8:39 pm

Yea it's a bummer but his contact wasn't voided.  He was waived.  The wizards still owe him whatever guaranteed money that was in his contract.  

He just wasn't signed to a 3 mil a year situation like this one.

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Re: Glen Rice Jr IW (contract void)

Post by dboy77_2000 on Sat Jan 17, 2015 11:03 am

All good.  Will hold on to him in the hopes he gets signed by Philly...

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