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Post by Bobby on May 6, 2009 16:17:09 GMT -8
Once February has ended, it is advisable not to post here until the season nears its end. Since you are on the hook until the end of the season anyway, you gain nothing by posting a cancellation early. You will have months to post a cancel, all the way through February.
The following is transferred from the old site, originally posted in 2006 to explain with an example, but updated:
Dodgers have a contract with Player Z with 3yr remaining at $8. Player Z currently has less than 130/50 and therefore qualifies as a prospect.
If it is the offseason and the Dodgers waive him prior to the end of February and he clears waivers and he is also posted here, the remainder of the contract is immediately void and the Dodgers are relieved of all responsibility . This would count as one of the Dodgers prospect cancellations. The Dodgers may not reclaim him and may not bid on Player Z until he is no longer a prospect (130/50).
If the Dodgers waive him between the beginning of March and the beginning of our playoffs and he clears waivers and posted here, he is carried as a "waived but paying" player. He may be reclaimed as any other "waived but paying" player might.
A. If he has less than 130/50 at the end of the season, the remainder of the contract is void and the Dodgers are relieved of all responsibility. This would count as one of the Dodgers prospect cancellations. He may not be reclaimed anymore. The Dodgers may not bid on Player Z until he is no longer a prospect (130/50).
B. If he has 130/50 or more at the end of the season, the remainder of the contract remains in effect. He is treated as any "waived but paying" major leaguer.
Should a team have more than two waived prospects qualify for cancellation, the cancellations shall be taken in order starting with the player first waived. If a player is reclaimed and rewaived, only his most recent waiving is considered in establishing an order. Since there is a maximum of two, any additional qualifying players would continue as "waived but paying".
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