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Post by old - basketball on Sept 18, 2018 13:40:02 GMT
It is currently 2 years at 10 million
I would stretch it to 4 years at 5 million.
There is also something in the rules about being able to knock off 500,000 on the first year and I would take that option as well.
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Post by old - basketball on Sept 18, 2018 13:48:59 GMT
Just to say that I am going ahead and stretching this contract on privately received advice that I do not need to put the player on waivers first.
If this information is incorrect then of course I will withdraw the stretch request
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Post by old - basketball on Sept 18, 2018 13:57:31 GMT
OK..I have now been advised that I cannot stretch a contract for a player who has not gone through waivers so I withdraw this request.
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Post by DemiGodTom on Sept 18, 2018 14:00:14 GMT
There are no waivers during FA. I think you can stretch and the player/s goes back to FA pool for bidding. Different regular season.
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Post by DemiGodTom on Sept 18, 2018 14:02:13 GMT
I think people did that last year where they signed then waived during FA when they had too many players or spent too much.
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Post by DemiGodTom on Sept 18, 2018 14:07:43 GMT
We have no waiver structure in place during FA as Carmelo cannot go on a waiver list with the highest waiver getting him. There is no waiver order atm.
So the stretch goes against Hostile and Carmelo bidding starts again.
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Post by old - basketball on Sept 18, 2018 14:11:27 GMT
Oh Lord
I am accused of not understanding the rules but it is clear that there is mass confusion about all this. People are giving me conflicting information.
Need the Commish to weigh in here. I can see others are putting players on waivers so that seems to discount the idea that waivers are not going on during FA.
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Post by DemiGodTom on Sept 18, 2018 14:20:09 GMT
Sorry guys I am wrong. Looked back at last year's Batum Waiver in the 2017 section.
You can put Carmelo on Waivers.
You say I want to stretch him over 4 years. You automatically get a discount for the first year.
People can then start a Carmelo Waiver post.
Waivers are determined by inverse ladder position from last year.
Within a few days if someone claims Carmelo they pay the 20M over 2 years and you pay nothing. Otherwise you pay the stretch. 4.5M, 5M, 5M, 5M.
Commish is prob sleeping as I will be soon.
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Post by old - basketball on Sept 18, 2018 15:03:08 GMT
I have sent the commish a pm and will let him adjudicate. I am fine with whatever is decided but just need to know what the rules are before I proceed.
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Post by Ronto Raiders on Sept 18, 2018 18:40:47 GMT
You can waive and stretch Carmello.
There are 2 ways you can do it.
He is currently owed $20 million so you deduct $500,000 giving you $19.5 million.
You can now stretch this amount over 1, 2, 3 or 4 years. The amount per year can be equal or can rise and fall by 15% each year.
EG: 1) $4.875 million per year each of the next 4 years.
2) $5.5 million 1st year, $5 million 2nd yr, $4.5 3rd yr $4.5 4th yr
3) $9 million 1st year $9.5 million 2nd year
4) $6.5 mill per year for 3 years
5) $19.5 mill for 1 year.
Or you can take the $500,000 off the first years payment;
$20 million over 4 years is $5 million per year
1st year $4.5 mill
2 nd yr $5 mill
3rd yr $5 mill
4th yr $5 mill
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Post by old - basketball on Sept 18, 2018 19:09:34 GMT
Thanks
But some have suggested I cannot stretch a player I just bid on and won.
And do I need to waive before stretching? Or can I go straight to stretching?
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Post by Ronto Raiders on Sept 18, 2018 20:04:54 GMT
There is no rule about when you can waive and stretch a player.
Stretching only relates to how you plan on paying him after he is waived.
There will be plenty of players waived before the season starts because rosters need to be cut back to 16 players.
All you need to do is advise that you have waived the player and how you are structuring the payments (like examples I showed previously) remaining when you waive him.
Once this is done though there is no going back, no changing terms and no trading his residual payments.
He may also be claimed off waivers which means you won’t have to pay him but I doubt that will happen,
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Post by Javy Dawg on Sept 18, 2018 21:52:08 GMT
Standard waiver practice still applies, post the waiver in the waiver thread and other managers have a few days to put in a claim.
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Post by Conycento on Sept 18, 2018 21:54:18 GMT
But does it have a cap hit if nobody claims him from waivers?
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Post by DemiGodTom on Sept 18, 2018 22:05:48 GMT
If a player has a 2 year contract. Can you only stretch him for 3 years? Some suggestions above you can do 2 or 1 like a payout?
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