02-09-2024, 04:09 PM
(02-09-2024, 04:08 PM)MFFL Wrote: I think the difference is between being waived and bought out.
A waived player gets the full value of his contract immediately. BUT the player has to go through the waiver wire and can be claimed by another team (and that team assumes the contract). AND if the player is signed during the remainder of the contract, the original team is reimbursed by the amount the second team pays.
A bought out player has his contract terminated. The amount is up to the full amount of the remainder of the contract but usually at a slight discount. This player is a complete free agent and can sign for any amount that is available on the market.
This was my understanding, too.
Was Dinwiddie not a buyout? Maybe that's what I'm missing.