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So you have to believe that the team is incapable of gaining value from an asset they can trade. I like the current system. Lose a player to a $50mm contract, get a third round pick. Fine. I just think you can gain more value from a tradeable asset. Options always add value.
Except that it doesn't actually work that way. Lose a guy who signs a $50M contract, sign two guys to $2M contracts, and that third-rounder goes poof.