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Originally Posted by The Cobra
IIRC, a player cannot sign a contract with the same team that buys him out for one year.
Stone eventually did, because he could show after a number of months later that it was obvious no one else wanted him.
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You can buyout and re-sign a player in one year. The not being able to re-sign them dealio was limited to compliance buyouts.
Michael Stone was allowed to re-sign because there's no rule stating you can't do so.
Quote:
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For one season following a compliance buyout, players were not permitted to rejoin the team which performed the buyout (this restriction does not exist for normal buyouts).
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CapFriendly.
I'd suggest that the buyout penalty is generally the reason why teams don't buy players out and then re-sign, also in most cases it likely sours the relationship pretty significantly. It's pretty foolish in 9/10 cases to have a player on your payroll twice.
I'd imagine there is some wording in the CBA though that says teams can't actively commit salary cap manipulation or something so there'd probably be a grievance filed if you bought out a player on a Monday and re-signed them on a Tuesday.