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Glen Rice JR Buyout

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Salary Sports :: Salary Hoops :: Salary Hoops Archives :: Released Players

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Glen Rice JR Buyout

by MistaDuMa Sun Mar 01, 2015 9:15 pm

1.5/3/3/800k option

3.75 Due for base salary

not sure if it's 800k or 400k for the option but I'll pay it now.

MistaDuMa: Dedicated Member

Re: Glen Rice JR Buyout

by itssamman Sun Mar 01, 2015 10:56 pm

4.15M to buy out this year

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Glen Rice JR Buyout SzWta

itssamman: Premium Member

Salary Sports :: Salary Hoops :: Salary Hoops Archives :: Released Players

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Bidding System

Bidding System: When bidding on a posted f/a, teams will have a maximum of 3 bids. The original post or illegal bids do not count as bids.

Bidding Equal Years:When bidding under $10M per season: A bid may be a minimum of a 10% increase of the Avg salary. If the bid is under a $1m increase per season, 2 of the 3 bids will be charged. When bidding $10M per season or more: The bid must be a minimum of $1M per season more. 1 bid will be charged.

Adding Year(s): When adding years to a contract the players avg salary per season can drop up to (but not more than) 10%.

Reducing Years: Teams can reduce a Max of 2 years off the current bid. Teams can match the current total contract with less years or use the following formula:When reducing the current bid by 1 year, the players avg salary per year must increase 60% or more. When reducing the current bid by 2 years, the players avg salary per year must increase 75% or more.