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Just a little something to be aware of, but I don't think (or at least, if it does, it's news to me) OOTP models the termination pay provisions of the pre-free agency period.
That is, in the free ageny era, free agent contracts are guaranteed and a player will get the rest of the pay due on the contract if released, while players still under the reserve clause get 30 days' pay if released during the off-season and first half of spring training, 45 days' pay if released during the second half of spring training, and their salary for the rest of the season if released during the regular season.
In the reserve clause era, it was very different. Almost all contracts were for one year only, and a player could be released at any time as was owed relatively little termination pay. Prior to 1947, it was just ten days' pay if released during the regular season, and no pay at all if released during the off-season or spring training. From 1947 to 1970, it was thirty days' pay if released during the regular season (and remained no pay if released during the off-season or spring training). From 1972-1976, it was basically 30 days' pay if released during spring training or the off-season, and the rest of the salary for the season if released during the regular season.
Needless to say, the termination pay rates during the reserve clause era meant the cost of cutting players was relatively small, and thus a club could shed players more easily than is the case today.
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