crowhead76 wrote:skones wrote:humanrefutation wrote:
Are there financial implications to being bought out prior to waiver versus just being waived? If a team picks up a guy on waivers who was bought out by the waiving team (presumably at a discounted price), would it be cheaper than if they picked up a guy off waivers who was just waived?
If a player is picked up off waivers, the team picking him off waivers acquires that player's contract. A player sits on waivers for 48 hours. If no one picks that player up off waivers, they are an UFA.
If a player is bought out, that player is now an unrestricted free agent and is free to sign for any amount with a team of their choosing.
There is no such thing as a guy who was bought out sitting on waivers.
This is incorrect.
Blake Griffin was bought out and signed with the Nets after he cleared waivers. He was bought out on March 5th and sat on waivers for 48 hours.
Forward Blake Griffin has cleared free agency waivers and the six-time NBA all-star has signed with the Brooklyn Nets, according to ESPN's Adrian Wojnarowski.Mar 7, 2021
There is no such thing as a player not sitting on waivers.
No, skones is right. The way buyouts are reported confuses the issue. Player and team come to an agreement before the player is exposed to waivers, then the player is exposed to waivers, then the buyout agreement is consummated if the player clears waivers. If the player is claimed, there's no need for the buyout because the new team pays full freight. In Griffin's case, the order of the operations didn't matter much because nobody was ever going to claim him and assume responsibility for the rest of his contract. Much less true with Birch, who is a 3m expiring and worth that.
