Thread: GDT: Lockout is over
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01-08-2013, 09:45 PM
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Originally Posted by Scott04 View Post
Again, I'm not 100% certain, so there's a chance I'm wrong, but as far as I understand it, we get rid of the cap hit, like in a normal trade, but would be paying out the $2 mil in his salary. At least that's what I assume. I'm just not 100% sure and I don't know if that info is definitively out there. May be determined by the language of the CBA, or I may have missed something.

EDIT: And now I'm searching and can't find anything talking about this type of thing (retaining salary) one way or another. Anyone have any links to articles/reports about any of this? I'm now confused and need to read up on this since I have no idea anymore.
I don't think that is correct.

Based on the tweets from yesterday, we would maintain the cap hit but not more than 50% of a single contract. We can only do that for three contacts with the limit of 15% of our total cap going toward this.

So we shed part of the salary and part of the cash.

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