Cap Penalty For Renouncing Player Rights?
Posted: Tue Jul 1, 2008 4:19 pm
by loflin3hree5ive
If a team renounces the rights to a UFA, is there a cap hit? I saw somebody write that the player counts against the cap as well at %50 of his salary. Does anybody know if this is true?
Re: Cap Penalty For Renouncing Player Rights?
Posted: Tue Jul 1, 2008 4:33 pm
by lakerfan10770
No
From Larry Coon's FAQ's:
32. When do free agents stop counting against the team's cap?
When any one of the following three things happen:
-The player signs a new contract with the same team. When this happens, the player's effect on his team's team salary is based on his new salary.
-The player signs with a different team. As soon as this happens, the player becomes the new team's problem, and his salary no longer counts against his old team.
-The team renounces the player. (See question number 33)