Post by CC06 on May 1, 2024 16:39:30 GMT -5
If you want to waive a player, you have the option to stretch the remaining money left on a player's contract out for a duration longer than the current contract to soften the cap hit in the remaining year(s) of the contract. Money will be distributed evenly among the stretched years. This immediately releases the player from your roster, and they go through waivers as normal. Please note that if you are claiming a player off waivers who was stretched, you are claiming their original contract, not the stretched version. Expiring contracts are ineligible if this is done after training camp.
- If a player is stretched during the season (which starts once training camp is simmed), the player is paid as normal for the remainder of the season, and then the remaining salary will be paid within twice the remaining years of the contract, plus one, or within 7 years, whichever is smaller
Example: If the player is waived on Day 20 with two seasons remaining on his contract at $10.2 million and $10.5 million, respectively, then the current season (at $10.2 million) is paid normally, and the final season (at $10.5 million) is stretched over three years (one season times two, plus one) and paid in even amounts of $3.5 million per year.
- If a player is stretched during the off-season (before training camp), the remaining salary will be paid within twice the remaining years of the contract, plus one, or within 7 years, whichever is smaller
Example: If the player is waived after training camp with two seasons remaining on his contract at $10.2 million and $10.3 million, respectively, then his remaining salary is paid over five years (two seasons times two, plus one), in even amounts of $4.1 million per year.
Not being able to stretch the current season of a player's salary if he is waived after training camp means that teams cannot use the Stretch Provision during the season as a means to imminently free up cap room, get the team under the tax threshold, or create room under the hard cap.
A team is not permitted to use the Stretch Provision if, in any future season, the total amount of waived salary would add up to more than 15% of the salary cap for the current season in which the player is waived.
If you want to stretch a player, please post his release as normal with (Stretch) in the thread title.
Please note that if you choose to stretch a player's salary, you cannot reacquire the player under any circumstance until after the original term of the contract is over.
Commissioner Advice: You need to weigh the consequences of paying stretched salary in future years versus having extra money on your books right now. If it's a matter of getting under the tax threshold or one of the aprons, the flexibility gained by doing so can be very valuable. Also, if stretching a player in the off-season can get you to enough cap space to offer a max contract, that's another scenario where it can be a very useful tool. Just make sure you have your ducks in a row before training camp is simmed, because you cannot stretch salary for the current league year once that happens.
- If a player is stretched during the season (which starts once training camp is simmed), the player is paid as normal for the remainder of the season, and then the remaining salary will be paid within twice the remaining years of the contract, plus one, or within 7 years, whichever is smaller
Example: If the player is waived on Day 20 with two seasons remaining on his contract at $10.2 million and $10.5 million, respectively, then the current season (at $10.2 million) is paid normally, and the final season (at $10.5 million) is stretched over three years (one season times two, plus one) and paid in even amounts of $3.5 million per year.
- If a player is stretched during the off-season (before training camp), the remaining salary will be paid within twice the remaining years of the contract, plus one, or within 7 years, whichever is smaller
Example: If the player is waived after training camp with two seasons remaining on his contract at $10.2 million and $10.3 million, respectively, then his remaining salary is paid over five years (two seasons times two, plus one), in even amounts of $4.1 million per year.
Not being able to stretch the current season of a player's salary if he is waived after training camp means that teams cannot use the Stretch Provision during the season as a means to imminently free up cap room, get the team under the tax threshold, or create room under the hard cap.
A team is not permitted to use the Stretch Provision if, in any future season, the total amount of waived salary would add up to more than 15% of the salary cap for the current season in which the player is waived.
If you want to stretch a player, please post his release as normal with (Stretch) in the thread title.
Please note that if you choose to stretch a player's salary, you cannot reacquire the player under any circumstance until after the original term of the contract is over.
Commissioner Advice: You need to weigh the consequences of paying stretched salary in future years versus having extra money on your books right now. If it's a matter of getting under the tax threshold or one of the aprons, the flexibility gained by doing so can be very valuable. Also, if stretching a player in the off-season can get you to enough cap space to offer a max contract, that's another scenario where it can be a very useful tool. Just make sure you have your ducks in a row before training camp is simmed, because you cannot stretch salary for the current league year once that happens.