waiving a player and resigning him (Lance Thomas)

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clydewally
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waiving a player and resigning him (Lance Thomas) 

Post#1 » by clydewally » Sun Jun 2, 2019 3:01 am

Can the Knicks waive Lance Thomas and then resign him to a vet minimum contract or is there some kind of waiting period before a waived player can be signed by the waiving team?
Smitty731
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Re: waiving a player and resigning him (Lance Thomas) 

Post#2 » by Smitty731 » Mon Jun 3, 2019 12:03 am

This happens on a fairly regular basis. The restriction with signing a waived player is after a team traded that player.
DBoys
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Re: waiving a player and resigning him (Lance Thomas) 

Post#3 » by DBoys » Mon Jun 3, 2019 2:16 am

By rule, a team is also prohibited from immediately re-signing the player if his salary was stretched or if there was a buyout (reduction of salary guaranteed and paid) as part of the waiver.

Regarding Thomas, this would not apply to him, assuming he was waived in June.
clydewally
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Re: waiving a player and resigning him (Lance Thomas) 

Post#4 » by clydewally » Mon Jun 3, 2019 12:51 pm

Thanks to you both.

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