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Post by Joe-Adirondack on Aug 5, 2017 15:43:26 GMT -5
Glenn .....Legwand was due 3.6 mill isn't it a 360k cap hit and not the one u have down
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Post by Owen-Moncton on Aug 5, 2017 17:27:38 GMT -5
I understood that I could drop Ramo without penalty as he was not active in the NHL last year. Am I correct?
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Post by Glenn-Philadelphia on Aug 5, 2017 17:34:47 GMT -5
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Post by Glenn-Philadelphia on Aug 5, 2017 17:37:07 GMT -5
I understood that I could drop Ramo without penalty as he was not active in the NHL last year. Am I correct? Owen, Here are the drop without penalty requirements: No card (because they didn't play in the NHL/AHL last year) and either (injured all year, or playing in Europe) |
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Post by Glenn-Philadelphia on Aug 5, 2017 17:38:41 GMT -5
Here is the section from the rulebook for folks that are insure about the process: Waiving a PlayerEach team is allowed to waive 1 player (*) who had retired with penalty. The formula for doing so is here: Adjusted salary: 1.2675M Contract Length: 2 years Using the following formula to determine un-adjusted yearly contract amount 1 year :1 2 year : .975 3 year : .950 4 year : .925 5 year : .9 6 year : .85 Divide adjusted salary by factor to arrive at unadjusted salary: In this case 1.2675M / .975 = 1.3M Calculate yearly savings: 1.3M - 1.2675M = .0325M or 33K rounded Take this amount by number of years left on contract to determine 1 time yearly hit to drop the player: In my case, it is just 1 year so his cap hit to me next year will be: 33k * 1 (year) = 33K * Players that were drafted can be waived freely (without a cap hit) at any time during their entry level contract if they have not played any games in the FHL. Players Under Contract but Without Cards You as a GM are obligated to pay the contract of any player who is under contract for your team until their contract term runs out, they are bought out as per your one buyout allowance per year (with penalty) or they fall into a select grouping below. Here are the reasons that guys have no cards and what can be done with each type of player. Player decides to play in Europe and doesn't have a card. You have the option of either terminating this contract for free or retaining his rights for 100k. (Think Kovalchuk) Player was injured all year (I mean, all year) and doesn't have a card. You have the option of either terminating this contract for free or retaining his rights for 100k. (Think Willie Mitchell this past year) Player returns to juniors and is on a pro contract (500k plus). You can retain his rights for 100k or drop without penalty. Player return to juniors and he was drafted (meaning he is a prospect). One year gets added to his contract term and his salary is deferred until he starts hitting your books. This is the case until the skater plays 20 games in one season in the pros or 10 games if the player is a goalie. Player is an old geezer and retires or no one signs him or he is stuck playing in the ECHL or the Quebec Goon league. You must pay the man or use your one compliance buyout (as stated above with penalty) to rid his contract. Another option would be to trade him along with another asset to a GM who doesn't have a player that he needs to buy out to have him buy the player out for you. Read more: gtgfhl.proboards.com/thread/3370/rule-book#ixzz4ovIlMxeL |
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Post by Joe-Adirondack on Aug 5, 2017 17:40:35 GMT -5
You lost me ....Moser I wanted to retain all along at 100k ....Legwand since he had no card I thought he dropped off my books but was mistaken ... legwands salery is 3.6 mil so he's my buyout or amnesty player whatever u want to call its ....I always thought u got a 10% cap hit of the players salery
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Post by Glenn-Philadelphia on Aug 5, 2017 17:57:03 GMT -5
Ok. Good deal. I think we are back on the same page again
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Post by Scott-New York on Aug 5, 2017 17:59:09 GMT -5
I understood that I could drop Ramo without penalty as he was not active in the NHL last year. Am I correct? Yes, Owen. Ramo played in Europe so you can either drop him or retain him for 100k |
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Post by Glenn-Philadelphia on Aug 5, 2017 18:00:16 GMT -5
No. That is not correct. When I checked he played 3 or 4 games for the marlies. Was I looking at the wrong player?
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Post by Scott-New York on Aug 5, 2017 18:03:34 GMT -5
Glenn is correct, my bad. I only saw that he played in Finland and didn't look above that to see 3 games with the Marlies.
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Post by Scott-New York on Aug 5, 2017 18:04:40 GMT -5
You lost me ....Moser I wanted to retain all along at 100k ....Legwand since he had no card I thought he dropped off my books but was mistaken ... legwands salery is 3.6 mil so he's my buyout or amnesty player whatever u want to call its ....I always thought u got a 10% cap hit of the players salery What is this 10% thing? |
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Post by Joe-Adirondack on Aug 5, 2017 18:20:52 GMT -5
In past buyouts with one year remaining if a player had a salery of 3.6 mil ....I thought it was 360k cap hit u got for that season.... which is 10%....I guess I was mistaken
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Post by Glenn-Philadelphia on Aug 5, 2017 18:23:23 GMT -5
In past buyouts with one year remaining if a player had a salery of 3.6 mil ....I thought it was 360k cap hit u got for that season.... which is 10%....I guess I was mistaken 10% saving would be only for a players on a 5 year deal. The formula is a little more complicated than just 10%. Adjusted salary: 1.2675M Contract Length: 2 years Using the following formula to determine un-adjusted yearly contract amount 1 year :1 2 year : .975 3 year : .950 4 year : .925 5 year : .9 6 year : .85 Divide adjusted salary by factor to arrive at unadjusted salary: In this case 1.2675M / .975 = 1.3M Calculate yearly savings: 1.3M - 1.2675M = .0325M or 33K rounded Take this amount by number of years left on contract to determine 1 time yearly hit to drop the player: In my case, it is just 1 year so his cap hit to me next year will be: 33k * 1 (year) = 33K Read more: gtgfhl.proboards.com/thread/4644/waiver-overseas-injured-reserve-thread#ixzz4ovTvGcgZ |
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Post by Phil-Cornwall on Aug 5, 2017 18:24:07 GMT -5
Cornwall uses it's one Waiver with penalty for 2017-2018:
Tomas Plekanec
***REPROCESSED***
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Post by Glenn-Philadelphia on Aug 5, 2017 18:33:50 GMT -5
Glenn is correct, my bad. I only saw that he played in Finland and didn't look above that to see 3 games with the Marlies. No worries Scotty. |
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