New Rule Concerning New Owners
Jan 20, 2017 18:18:50 GMT -5
Post by Deleted on Jan 20, 2017 18:18:50 GMT -5
All,
We've been lucky enough to not need new owners for a few years. Now we're in a position where we're trying to attract new owners I'm suggesting that we bring in a new rule that would help make sure that their roster isn't too tied down by a bad deal signed by a prior owner. Therefore, I suggest something like the following be added to the rules:
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 Admins within 7 days of joining the league to specify which contract should be reduced. If the new owner does not contact the Admins 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 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.
Please let me know if you have any queries or objections to this rule by the end of Sunday, otherwise we'll look to add it (or a near varient) to the rules.
Stephen
We've been lucky enough to not need new owners for a few years. Now we're in a position where we're trying to attract new owners I'm suggesting that we bring in a new rule that would help make sure that their roster isn't too tied down by a bad deal signed by a prior owner. Therefore, I suggest something like the following be added to the rules:
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 Admins within 7 days of joining the league to specify which contract should be reduced. If the new owner does not contact the Admins 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 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.
Please let me know if you have any queries or objections to this rule by the end of Sunday, otherwise we'll look to add it (or a near varient) to the rules.
Stephen