Post by sjrand on Nov 12, 2005 15:19:32 GMT -5
No team will be allowed to re-sign players, sign free agents, or make trades that increase their payroll while in debt.
No team may willingly or purposely make trades and/or sign free agents which, in a best case scenario, will cause them to go into debt.
Debt below 5 million:
Even well run teams can have unexpected problems that cause them to go bankrupt.
Therefore:
First season debt below 5 million:
If the team is in debt for one season, and the amount of debt is below 5 million, the only penalty will be exclusion from signing any players or making any trades that add to the team's overall expenses.
If the team falls below the required 14 hitter 11 pitchers level it may fill in it's roster up to a maximum of 14 hitter and 11 pitchers, with players at the league minimum of 300k.
If the team lowers it's expenses to a level where they can be reasonable expected to recoup their loss by the end of the next season, they may sign players for he league minimum of 300k. No players above 300k may be signed while the team still show a negative amount of cash.
Second season debt below 5 million:
If the team reaches it's second year of debt, even if that debt is below the 5 million mark, it will auction off players until it has zero or greater cash in the bank. If the second year debt is below 5 million, owners will be given a chance to select what players are to be auctioned. Since the auctioning will continue until the team is out of debt, it is in the best interests of the owner to select players that will bring the most money from an auction.
Beginning a third money losing season after bankruptsy:
If a team has been in debt for two full seasons, the team will not be allowed to begin the next regular season with expenses that, in a best case scenario, will put that team back into debt.
In the case above, the owner will first be asked to attempt making trades that lower it's expenses. If the owners is unable to do so, the owner will be asked to volunteer players for a league held auction. The league therefrom has the right to alter the player or players contracts amount and length in a manner that will make them more salable.
In no instance can the team entering it's third season of (projected) debt bid on it's own players at the altered contract amount.
If the owner make no attempt to lower it's expenses by trade, or refuses to volunteer players for auction, the league has the right to assume control of the team long enough to conduct get the team's finances under control. Once that has been done, the owner may resume control of his team with the limitation of not being allowed to make trades or sign players which will put it back into a situation when it will lose money for the third consecutive season.
Debt of 5 million of more:
If the debt is 5 million or above, and this is the first consecutive season of debt, the team will auction off players until the debt is below the 5 million mark.
Owners will be given a chance to select what players are to be auctioned.
If the debt carries to the end of a second season, but the second season debt is below the five million mark the team will be treated the same as a team reaching the end of it's second season of debt below five million as outlined above. See section labeled "Second season debt below 5 million:"
If the second season debt is at or above 5 million, the team will trade or auction off players until it is both out of debt and can reasonably be expected to finish the coming season with a positive cash amount.. If this causes the team to go below the 14 hitter 11 pitcher roster, it may add players at league minimum until it reaches the 14 hitter 11 pitcher totals.
After a second season of debt where the team negative total is at or above 5 million, the situation will be handled as for a team about to enter a third negative income season after two consecutive bankrupt seasons. See the section "Beginning a third money losing season after bankruptsy" above.
NOTE
This is a rough draft and is posted at this time at the request of one of our owners who reminded me that I promised to have this up before free agency began.
While the spirit of this rule will be enforced, only two parts should be considered engraved in stone at this time:
1 No team may willingly or purposely make trades and/or sign free agents which, in a best case scenario, will cause them to go into debt.
2 - No team will be allowed to begin the next season with a team debt of 5 million or more.
It is the obligation of both the commissioner and the other team owners to determine that a team is putting itself into a situation that will cause it to go bankrupt.
If another owner see this, he is to email the commissioner, not post the problem on the boards.
Let me be the bad guy, it's what I get paid for.
AND I want a raise
Advice is welcome, but I don't guarantee that I'll take it.
If the wording above is clumsy please ask for clarification on any part you don't understand, or suggest re-wording of anything that is ambiguous or contradictory.
I am now OUT OF CONTACT until I get the rookies on our file. That means I will not be back to the board and will not answer any email that isn't Urgent. If it is urgent, put that in the subject line.
No team may willingly or purposely make trades and/or sign free agents which, in a best case scenario, will cause them to go into debt.
Debt below 5 million:
Even well run teams can have unexpected problems that cause them to go bankrupt.
Therefore:
First season debt below 5 million:
If the team is in debt for one season, and the amount of debt is below 5 million, the only penalty will be exclusion from signing any players or making any trades that add to the team's overall expenses.
If the team falls below the required 14 hitter 11 pitchers level it may fill in it's roster up to a maximum of 14 hitter and 11 pitchers, with players at the league minimum of 300k.
If the team lowers it's expenses to a level where they can be reasonable expected to recoup their loss by the end of the next season, they may sign players for he league minimum of 300k. No players above 300k may be signed while the team still show a negative amount of cash.
Second season debt below 5 million:
If the team reaches it's second year of debt, even if that debt is below the 5 million mark, it will auction off players until it has zero or greater cash in the bank. If the second year debt is below 5 million, owners will be given a chance to select what players are to be auctioned. Since the auctioning will continue until the team is out of debt, it is in the best interests of the owner to select players that will bring the most money from an auction.
Beginning a third money losing season after bankruptsy:
If a team has been in debt for two full seasons, the team will not be allowed to begin the next regular season with expenses that, in a best case scenario, will put that team back into debt.
In the case above, the owner will first be asked to attempt making trades that lower it's expenses. If the owners is unable to do so, the owner will be asked to volunteer players for a league held auction. The league therefrom has the right to alter the player or players contracts amount and length in a manner that will make them more salable.
In no instance can the team entering it's third season of (projected) debt bid on it's own players at the altered contract amount.
If the owner make no attempt to lower it's expenses by trade, or refuses to volunteer players for auction, the league has the right to assume control of the team long enough to conduct get the team's finances under control. Once that has been done, the owner may resume control of his team with the limitation of not being allowed to make trades or sign players which will put it back into a situation when it will lose money for the third consecutive season.
Debt of 5 million of more:
If the debt is 5 million or above, and this is the first consecutive season of debt, the team will auction off players until the debt is below the 5 million mark.
Owners will be given a chance to select what players are to be auctioned.
If the debt carries to the end of a second season, but the second season debt is below the five million mark the team will be treated the same as a team reaching the end of it's second season of debt below five million as outlined above. See section labeled "Second season debt below 5 million:"
If the second season debt is at or above 5 million, the team will trade or auction off players until it is both out of debt and can reasonably be expected to finish the coming season with a positive cash amount.. If this causes the team to go below the 14 hitter 11 pitcher roster, it may add players at league minimum until it reaches the 14 hitter 11 pitcher totals.
After a second season of debt where the team negative total is at or above 5 million, the situation will be handled as for a team about to enter a third negative income season after two consecutive bankrupt seasons. See the section "Beginning a third money losing season after bankruptsy" above.
NOTE
This is a rough draft and is posted at this time at the request of one of our owners who reminded me that I promised to have this up before free agency began.
While the spirit of this rule will be enforced, only two parts should be considered engraved in stone at this time:
1 No team may willingly or purposely make trades and/or sign free agents which, in a best case scenario, will cause them to go into debt.
2 - No team will be allowed to begin the next season with a team debt of 5 million or more.
It is the obligation of both the commissioner and the other team owners to determine that a team is putting itself into a situation that will cause it to go bankrupt.
If another owner see this, he is to email the commissioner, not post the problem on the boards.
Let me be the bad guy, it's what I get paid for.
AND I want a raise
Advice is welcome, but I don't guarantee that I'll take it.
If the wording above is clumsy please ask for clarification on any part you don't understand, or suggest re-wording of anything that is ambiguous or contradictory.
I am now OUT OF CONTACT until I get the rookies on our file. That means I will not be back to the board and will not answer any email that isn't Urgent. If it is urgent, put that in the subject line.