Quote:
Originally Posted by Funkhouser
Question regarding buy-outs:
-if he was playing, his $8.5M salary would be adjusted to reflect the league's overall revenue (72% of salary = $6.1M). Based on the reduced revenue projections from COVID, all salaries will likely take a hit in the upcoming two years.
-In the event of a buyout, the team has to pay the player two-thirds of their contract, or in this case approx. $5.6M over 2 years
My question is, is the buyout amount subject to reduction as well? Are these amount linked to HRR? Is it possible that buy-outs will actually collect more money than if they had played?
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That’s a great question. Simply put are buyouts subject to escrow as well right?