Jump to content

Amnesty Buyouts and resigning


Guest AMMOnation

Recommended Posts

In the old CBA, if your were bought out of your contract you were not allowed to sign with same team for the following season.

What does the player care, he gets paid for his old contract, and can sign a new one.

Is this the case as well for the amnesty buyout?

IE. Buyout Briere, he gets paid the remainder of his old contract and we resign him for a fraction of his current contract.

Link to comment
Share on other sites

Has anyone actually been able to find a copy of the new CBA itself?

The summary is here: http://cdn.agilitycm...rms-1-10-13.pdf

Regarding buy-outs:

During the Ordinary Course “Buy-Out” periods following the 2012/13 season and 2013/14 season, in addition to any other Ordinary Course “Buy-Outs” a Club may elect to effectuate pursuant to Paragraph 13 of the SPC, Clubs may elect to terminate and “buy-out” the already existing SPCs of up to two (2) additional Players (in the aggregate over the two (2) years) on a Compliance basis (a “Compliance Buy-Out”). Such Compliance Buy-Out(s) would be effectuated on the same terms as are set forth in Paragraph 13 of the SPC, except that the amounts paid under such “buy-out(s)” will not be charged against the Club’s Cap in any of the years in which the payments are made to the Player. Amounts paid under such Compliance Buy-Out(s) will, however, be counted against the Players’ Share during any League Year in which the “buy-out” payments are made. A Player that has been bought out under these Compliance Buy-Out provisions shall be prohibited from re-joining the Club that bought him out (via re-signing, Assignment, Waiver claim or otherwise) for the duration of the 2013/14 League Year (if the Player was bought out in 2013) and the 2014/15 League Year (if the Player was bought out in 2014).

Edited by JackStraw
Link to comment
Share on other sites

No, I completely believed you guys from go. It's just weird that I can find the actual document anywhere. How can I be cba-guy if I don't have 300 pages on legalese to read through?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...