[USML Announce] One Last FAAB ?
Frank Luby
frank at presenttensellc.com
Wed Jul 31 11:30:01 EDT 2024
What Jeff said.
Here is what appears to be the relevant clause:
If a player who is traded to the National League during the course of a season is on the Active Roster or the Reserve Roster of any team in the League, that team may elect to waive the player at any time during that season while the player remains in the National League. Upon any such waiver, the salary of the waived player shall be immediately added (as opposed to waiting until the commencement of the next succeeding Reporting Period) to the waiving team s FAAB; provided, however, that in the case of a player acquired in the most recent Rotation Draft or retained on a Reserve Roster without having his salary deducted from the team s $260 expenditure limit for the most recent Auction, $2 shall be added to the waiving team’s FAAB. The right to have funds added to a team’s FAAB is limited to the League team on whose roster the player appears when the player is traded to the National League, provided, that for the limited purpose of this Section 14.6, a trade between League teams shall be given effect as of the time that the trade is generally announced to the League. This Section 14.6 shall not apply to off-season major league trades.
> On Jul 31, 2024, at 10:25 AM, Jeffrey Winick <jwinick at hwhlegal.com> wrote:
>
> You should get your FAAB money back.
>
> Jeff
>
> From: Announce <announce-bounces at usml.net> On Behalf Of Rick Gammons
> Sent: Wednesday, July 31, 2024 10:23 AM
> To: USML Announcements <announce at usml.net>
> Subject: [USML Announce] One Last FAAB ?
>
> Greetings:
> I can’t find the USML Constitution. So I’m asking our constitutional scholars if you could please remind me about who warrants FAAB bucks and who doesn’t. I know waiver-claimed dudes do not, but what about fellows who were purchased with FAAB dough? I bring you the case of one Shawn Armstrong. I was silly enough to pay $5 for this miscreant in June and he was traded to the Cards yesterday. Per the constitution does this net me $5 back to my FAAB or is it a case of live and learn? Thanks,
> Rick
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