Post by Adam Smasher on Sept 18, 2018 13:29:02 GMT -6
PLAYER CONTRACTS
All players signed by a team are given a Player Contract. Players are signed either through an inaugural auction draft, the annual rookie draft, annual free agent auction, or blind bid waivers/free agency. In auction drafts and waivers/free agency, each player is given a Player Contract with a salary worth the winning bid (or the $1M minimum). In rookie drafts, the draft pick determines the player’s salary.
Player Contracts are good for one season, unless the player is on waivers/free agency during the Buy-Out Period (see below). In that case, the Player Contract is voided and he becomes a free agent with a starting salary of the $1M minimum.
ARBYS SALARY CAP
All teams must keep a total team salary under the ARBYS Salary Cap, which is equal to the real-life NBA Luxury Tax Line each season. For example, the ARBYS Salary Cap for the 2017-18 season will be $120 million, equal to the NBA Luxury Tax Line, and up from $113 million in the 2016-17 season. No team may go over the ARBYS Salary Cap for any reason, other than teams that elect to pay the Luxury Tax (see Sec. 012).
All players dropped from team rosters during the season keep their existing salary until the January Buy-Out Period (see below), or the start of the next season’s Free Agent Auction Draft, whichever comes first. Dropped players’ salaries no longer count against their former team’s salary cap. However, any owner who bids on them to sign them off waivers has to bid at least their existing salary and have the appropriate salary cap space.
EXAMPLE: Serge Ibaka is signed during the auction draft for $7M. He is dropped in December. Three other teams want to sign Ibaka off waivers. Team A bids $7M for him (the minimum possible); Team B bids $10M; and Team C bids $8M. Team B only had $9M in salary cap space, so their high bid is rejected and Team C wins Ibaka. Ibaka’s salary is now $8M for the remainder of the season, unless he is dropped and his salary bid up again.
CONTRACT BUY-OUTS
All player salaries remain in effect from the annual Free Agent Auction Draft until the Buy-Out Period at noon EST January 10. At that time, all current free agents have their Player Contracts nullified and their salaries reduced to the $1M minimum. When Buy-Outs happen, all free agents will lock and cannot be signed until waivers process the next day at 11 a.m. EST. After the Buy-Out Period, all player salaries remain in effect until the next season’s free agent auction draft.
In the example above, if Ibaka was drafted for $7M, dropped in December, and then not picked up until after the Buy-Out Period, he would be a free agent with a starting salary of $1M and could be signed for that amount or more, whatever is the highest bid when waivers process at 11 a.m. January 11.
All players signed by a team are given a Player Contract. Players are signed either through an inaugural auction draft, the annual rookie draft, annual free agent auction, or blind bid waivers/free agency. In auction drafts and waivers/free agency, each player is given a Player Contract with a salary worth the winning bid (or the $1M minimum). In rookie drafts, the draft pick determines the player’s salary.
Player Contracts are good for one season, unless the player is on waivers/free agency during the Buy-Out Period (see below). In that case, the Player Contract is voided and he becomes a free agent with a starting salary of the $1M minimum.
ARBYS SALARY CAP
All teams must keep a total team salary under the ARBYS Salary Cap, which is equal to the real-life NBA Luxury Tax Line each season. For example, the ARBYS Salary Cap for the 2017-18 season will be $120 million, equal to the NBA Luxury Tax Line, and up from $113 million in the 2016-17 season. No team may go over the ARBYS Salary Cap for any reason, other than teams that elect to pay the Luxury Tax (see Sec. 012).
All players dropped from team rosters during the season keep their existing salary until the January Buy-Out Period (see below), or the start of the next season’s Free Agent Auction Draft, whichever comes first. Dropped players’ salaries no longer count against their former team’s salary cap. However, any owner who bids on them to sign them off waivers has to bid at least their existing salary and have the appropriate salary cap space.
EXAMPLE: Serge Ibaka is signed during the auction draft for $7M. He is dropped in December. Three other teams want to sign Ibaka off waivers. Team A bids $7M for him (the minimum possible); Team B bids $10M; and Team C bids $8M. Team B only had $9M in salary cap space, so their high bid is rejected and Team C wins Ibaka. Ibaka’s salary is now $8M for the remainder of the season, unless he is dropped and his salary bid up again.
CONTRACT BUY-OUTS
All player salaries remain in effect from the annual Free Agent Auction Draft until the Buy-Out Period at noon EST January 10. At that time, all current free agents have their Player Contracts nullified and their salaries reduced to the $1M minimum. When Buy-Outs happen, all free agents will lock and cannot be signed until waivers process the next day at 11 a.m. EST. After the Buy-Out Period, all player salaries remain in effect until the next season’s free agent auction draft.
In the example above, if Ibaka was drafted for $7M, dropped in December, and then not picked up until after the Buy-Out Period, he would be a free agent with a starting salary of $1M and could be signed for that amount or more, whatever is the highest bid when waivers process at 11 a.m. January 11.