|
Post by killerfrog (Cubs) on Mar 11, 2024 15:34:05 GMT -6
Cubs waive Lucas Giolito 11,100,000 (2024) (2025TO) ((Re-Sign)) TO with the intention of releasing him to FA
Cubs will take a penalty of 3,330,000 (2024)
|
|
|
Post by DBacks GM (John) on Mar 15, 2024 4:33:30 GMT -6
This is taken from the WAIVERS/RELEASING PLAYERS thread itself:
"Any Release of Re-Signed Player will cost you 50% of contract PLUS you must keep the re-sign tag until it expires therefore freeing yourself of the cap room but not being released from use of the re-sign tag obligation itself."
|
|
|
Post by Rangers GM/Commish (Joey) on Mar 15, 2024 5:18:44 GMT -6
This is taken from the WAIVERS/RELEASING PLAYERS thread itself: "Any Release of Re-Signed Player will cost you 50% of contract PLUS you must keep the re-sign tag until it expires therefore freeing yourself of the cap room but not being released from use of the re-sign tag obligation itself." You are correct. Cap hit should be $5,550,000 not $3,330,000
|
|
|
Post by Minnesota Twins GM – (DK) on Mar 17, 2024 5:48:31 GMT -6
Cubs waive Lucas Giolito 11,100,000 (2024) (2025TO) ((Re-Sign)) TO with the intention of releasing him to FA Cubs will take a penalty of 3,330,000 (2024) Released: $5,550,000 (2024) Cubs ((Re-Sign))
|
|