Quote:
Originally Posted by Cod
When a player is DFA'd, there are 3 options: trade, release, or waive. Let's focus on each.
1) A trade is pretty self-explanatory.
2) If a player is released outright, the releasing team owes the entire salary unless the individual signs with another team. If this happens, the releasing team owes nothing.
3) If the player is waived and is claimed, the claiming team is responsible for the league minimum (~$400k) while the team that put the individual on waivers is responsible for the rest of the contract. So in your case, if he was claimed, you'd still be on the hook for ~$6.6 million. However, if a player is waived and doesn't accept a minor league assignment, he must be released if he refuses the assignment.
If you have any questions, let me know. Regretfully, I've spent a lot of time in my life studying MLB roster / transaction rules.
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Please elaborate on #2. If a team releases a player, they pay him what they owe him and he's an FA. In a couple of weeks, another team signs him and he now must give back what the original releasing team paid him? That doesn't make sense. Is there a time limit on the signing with a new team thing?