Post by Crestmount (Colts) on Jan 17, 2013 3:42:37 GMT -5
Waivers:
To release a player, you must post a thread in the waiver forum containing his contract terms, when a player is waived the player's salary is immediately removed from the teams total salary. Fellow GM's will have 48 hours to claim the waived player. If he is claimed, no salary cap hit will apply.
NO WAIVERS WILL BE ALLOWED UNTIL AFTER THE INAUGURAL DRAFT AUCTION AND ROOKIE DRAFTS ARE COMPLETED
Waiver Claims:
Waiver claims must be posted on the waived player's thread within 48 hours. After 48 hours, the team with the highest "Waiver Priority" will be awarded the player and will assume the existing contract. It doesn't matter what order claims are posted. The team being awarded the player will then move to the bottom of the Waiver Priority. Priorities are reset each off-season in reverse order of finish (same as draft order). You have exactly 10 minutes to remove a claim on a player. For the initial season the "Waiver Priority" will be determined randomly by using www.fantasyfootballnerd.com/random-draft-order.
Unclaimed Waivers:
If a player is waived and not claimed within 48 hours there will be a cap penalty for every remaining year of the contract. The rate at which the penalties are set is as follows:
1st year--50% (1/2)
2nd year--33.33% (1/3)
3rd year or longer--25% (1/4)
That player becomes a free agent, and the same rules apply to that player as they do to all free agents. The only difference is that the owner who released that player CANNOT bid for the rest of the season. If the player is later released by his new owner, then the original owner can bid.
To release a player, you must post a thread in the waiver forum containing his contract terms, when a player is waived the player's salary is immediately removed from the teams total salary. Fellow GM's will have 48 hours to claim the waived player. If he is claimed, no salary cap hit will apply.
NO WAIVERS WILL BE ALLOWED UNTIL AFTER THE INAUGURAL DRAFT AUCTION AND ROOKIE DRAFTS ARE COMPLETED
Waiver Claims:
Waiver claims must be posted on the waived player's thread within 48 hours. After 48 hours, the team with the highest "Waiver Priority" will be awarded the player and will assume the existing contract. It doesn't matter what order claims are posted. The team being awarded the player will then move to the bottom of the Waiver Priority. Priorities are reset each off-season in reverse order of finish (same as draft order). You have exactly 10 minutes to remove a claim on a player. For the initial season the "Waiver Priority" will be determined randomly by using www.fantasyfootballnerd.com/random-draft-order.
Unclaimed Waivers:
If a player is waived and not claimed within 48 hours there will be a cap penalty for every remaining year of the contract. The rate at which the penalties are set is as follows:
1st year--50% (1/2)
2nd year--33.33% (1/3)
3rd year or longer--25% (1/4)
That player becomes a free agent, and the same rules apply to that player as they do to all free agents. The only difference is that the owner who released that player CANNOT bid for the rest of the season. If the player is later released by his new owner, then the original owner can bid.