Cap Penalty For Renouncing Player Rights?

[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?

[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)