scully19 wrote:Ya that is pretty clear actually re-reading it. I had thought it was 25% for both years and he would be charged this year and next, and that basically uses the other rule we have of combining the 2 years costs into 1 year. It seems to me like we should have the option for either or, but I'm good either way.
Well, technically, that's what the other buyout rule is for - to get out of a three or four year deal - IF
you have the cap space and can afford the complete
The version of the rule I used was under the "partially guaranteed" section. A four year deal is guaranteed
except for the last two years, which are only "partially guaranteed"
. Two and three year deals are only partially guaranteed in the last year
of the contract. That gives you the opportunity to drop a guy without making it a straight drop, and costing you 75%/50%.
But the option to buyout any contract is still there. You just have to be able to afford the entire amount that is left on the contract. So, if you owe a guy on a four year contract the last three years, and each year is at, say, 8M, then you could buy him out in year two for 24M (8+8+8), no questions asked. If you wait until year three however,
you have the option to buy him out for only a % of that year's amount (in this case, 50% of 8M, or 4M). If you wait until year 4, it's even cheaper (25% of the final year). It's a money saving move in the long term, for certain.
The original issue I asked for clarification on was whether I had Gortat on a three year deal or a four year deal. I couldn't find any old spreadsheets which had that first year of Gortat's contract on it (shame on me, really), but I noticed on my current
sheets, I had these last two years shaded as "partially guaranteed". Which meant, he was eligible for a 50% buyout here in year 3 of his contract. If he had only been on a three year deal (instead of four),then only the last year of the deal would have been eligible for the buyout, and I wouldn't have been able to use the "partially guaranteed" version rule. I still could have bought out Gortat though, for the two years left on his deal. But I would have had to pay the entire amount
of the remaining contract (this year + next)...and again, only IF
I had the cap space.
One other thing to remember is that any
of these buyouts are only good for the off-season
. Once the season starts, if I want to drop anyone
, it doesn't matter who and what their contract states, it would be a straight drop
, which follows the 75%/50% rule.
It's a lot I just typed out there, I know...but to me, it's really simple to understand. And the way it was explained to me is the way I first read it.
Nice discussion though...never hurts to reaffirm and refresh our memories and knowledge of the rules!