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Originally Posted by Nittany Dodgers
Mike (and others), I'm working on updating the league rule file document, and I need a clarification here. In this proposal, you state that the waiving team would not "be subject to paying the 20% cap hit, although any applicable remaining signing bonus would still be charged against the original team." As we reworded the signing bonus language, the actual cap hit is only 10% of the current year salary, and the signing bonus is 10% of each remaining year's contract (so, in essense, 20% of the current year, and 10% thereafter for the total hit). However, since we have it worded that half of the 20% for the first year is technically signing bonus, do we want to change the language here so that the waiving team receives the full signing bonus hit (10% for the current and each future year), and the team claiming the player would then only be charged for 10% of the current year if the player is again waived?
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Eww, that's a muddy picture.
I believe this is the specific reference you're referring to in the rules...
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Teams my waive players in order to reduce their salary obligations and make available more CB for use in signing other players. However, a portion of each contract is considered to be a guaranteed signing bonus. The guaranteed signing bonus is 10% of each year of the contract. If a player is cut, the team will be obligated to pay the remaining 10% of each year's contract value remaining, as well as an additional 10% of the current year's contract (for a total of 20% for the current year).
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After reading that, I'd say we should be consistent, meaning that if a team cuts a player, they must pay any and all remaining signing bonus, including the current year. The cap relief would thus be 10% if the player is claimed by another team. Subsequently, the claiming team would then be subject to a 10% cap hit if the player is cut at a future date.