capoltorta wrote:I am waiving Austin Rivers (2.5/3), so 5.5*25%=1.375 cap hit this year and 0 next year right? Correct me if I am wrong, thanks.
It should be 0.25 x 2.5M = 0.63M cap hit. The 3rd year is a team option so you can effectively count him as an expiring this year.
This is a little screwy, because I'm not sure our wording is clear enough in the rule to define this, but I think since we're in the off season if you have an early termination option on a rookie that isn't the upcoming season and choose to waive him, then that TO year, whatever it is can be considered null and void.
That being said if you waive Rivers, I think his salary should be 75% of the 2013-2014 season salary because this isn't the final year of his rookie contract, its the second. To clarify,
Rivers was drafted in the 2012-2013 season at 1.08 which gives him the following contract 2M, 2.5M, [3M]. Last season his salary was this 2M and this season his salary would be 2.5M. If he's waived now, I think we can ignore his [3M] Team Option, but since it isn't a TO year you're waiving him, you'd be obligated to follow normal dropped player rules and salary cap hits. I believe it should be 2.5M * 75%= 1.88M that Rivers counts against your cap.
Since this was screwy you could take it back if you so choose.