Post by Admin on Oct 24, 2016 2:49:28 GMT -5
Should new owners be allowed to reduce one multi-year contract to an expiring contract?
As an incentive to a new owner taking over a team, should new owners be allowed to reduce one multi-year contract to become an expiring contract? The rule to be added to the constitution controlling this perk would be as follows:
2.11 New Owner Dispensation to Optionally Reduce One Multi-Year Contract to an Expiring Contract
A new owner joining the league is entitled to reduce one inherited multi-year contract to expire in the coming offseason. To do so the new owner must contact the commissioners within 7 days of joining the league to specify which contract should be reduced. If the new owner does not contact the commissioner during this period then they waive the ability to reduce a contract in length.
The contract reduction does not occur immediately upon approval. The revised contract length would go into effect at the subsequent trade deadline (as mentioned in rule 4.9) provided the following conditions continue to be true:
To be eligible the new owner must have joined the league since the previous season's trade deadline, and continually owned the same team. The free agent contract must have been continually present on the roster since the new owner assumed control of the team.
Once the player is specified as having a reduced contract, he is ineligible to be placed on trade waivers. No hometown discount will be applicable when the player is auctioned after his contract reduction.
1) Yes, add proposed rule 2.11
2) No, do not add proposed rule 2.11
