Question about finances

Cubfan2001 · 10-07-2020, 05:24 PM

So I’m currently in 2061, where one of my players has two years left in contract. 2061 and 2062 for a guaranteed 10 million each year. He has aged and gone down in ratings and I want to release him. When I do so it tells me that the 20 million will be lost over the two years left in the contract

When I go to my accounting page I see things are calculated properly yet on my $$ for extensions has gone down by those 10 million. I don’t understand why. Aren’t I paying him the same amount no matter what? Shouldn’t those 10 million already have been accounted for when figuring out my money for extensions? What am I missing here?

Cubfan2001 · 10-08-2020, 10:36 AM

No one knows?

CBeisbol · 10-08-2020, 04:23 PM

Money for extensions should just be the difference between your expenses and your revenue, right?

What is that difference for You?

Maybe post the relevant screen shots

dodger300 · 10-14-2020, 05:03 PM

It is because only the 10 mil you were going to pay him this year counted against your budget, so when you released him it cost you 20 mil this year. Hope that makes sense.

Raynor21 · 10-17-2020, 04:07 PM

You signed a contract, so even if you release him, you're going to still owe him that 10 mil a year for the next 2 years.

That's why a lot of teams will trade aging star players to other teams for lesser players with smaller contracts. The team that takes the trade assumes the remainder of the contract and the original team is free and clear of the contract obligations.

10-07-2020, 05:24 PM	#1
Cubfan2001 Major Leagues Join Date: Oct 2007 Posts: 415	Question about finances So I’m currently in 2061, where one of my players has two years left in contract. 2061 and 2062 for a guaranteed 10 million each year. He has aged and gone down in ratings and I want to release him. When I do so it tells me that the 20 million will be lost over the two years left in the contract When I go to my accounting page I see things are calculated properly yet on my $$ for extensions has gone down by those 10 million. I don’t understand why. Aren’t I paying him the same amount no matter what? Shouldn’t those 10 million already have been accounted for when figuring out my money for extensions? What am I missing here?

10-14-2020, 05:03 PM	#4
dodger300 Minors (Triple A) Join Date: Apr 2004 Location: Las Vegas Posts: 268	It is because only the 10 mil you were going to pay him this year counted against your budget, so when you released him it cost you 20 mil this year. Hope that makes sense. __________________

10-17-2020, 04:07 PM	#5
Raynor21 Minors (Rookie Ball) Join Date: May 2011 Posts: 26	You signed a contract, so even if you release him, you're going to still owe him that 10 mil a year for the next 2 years. That's why a lot of teams will trade aging star players to other teams for lesser players with smaller contracts. The team that takes the trade assumes the remainder of the contract and the original team is free and clear of the contract obligations. __________________ My logos and uniforms

10-08-2020, 10:36 AM	#2
Cubfan2001 Major Leagues Join Date: Oct 2007 Posts: 415	No one knows?

10-08-2020, 04:23 PM	#3
CBeisbol Banned Join Date: Aug 2019 Location: Ban land in 3...2... Posts: 2,943	Money for extensions should just be the difference between your expenses and your revenue, right? What is that difference for You? Maybe post the relevant screen shots