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Originally Posted by Nittany Dodgers
Jim, you are right in that the contract stays in tact for the same years and cb. In your scenario, when Mike claims Davis, and then cuts him, the only cap hit Mike would have would be 10% of the current year salary. If another team claimed him, and cut him, the same 10% hit would apply again.
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So if Mike claims Davis, and cuts him... he doesn't have to pay for years 2 and 3 remaining on the contract? That seems a bit strange. What's the reasoning there - that my team (original owner) has already paid it up? Maybe this is no big deal... but it seems, then, that claiming a player with a multiple year contract off of waivers can be economically more prudent than signing an UFA (granted, you have no control of a player's salary from waivers).
Hmm... okay by me... but I just wanted to be clear.