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I started a thread earlier today to try and get this resolved, having the same questions. Several people responded who had gotten their information from people who knew the contract rules, and were clear:
-if a 5 day letter is to be sent to Seymour, it is sent by Oakland, as they currently own his contract.
-the system is set up to assume that a player will pass the physical, so all of the ownership lies with the team that traded for the player.
-If anyone has to pay Seymour anything, it will be the Raiders, unless he fails a physical. If he doesn't show up for a physical, the rules assume that he will pass it when he does, and thus Oakland owns the contract.
I've been saying that it was the Raiders who would have to send the letter, but that it wouldn't make sense for them to do so. The payment aspect was an unknown, so thank you for that. The void still applies.
In fact, WEEI was just going over all of this (they're still talking about Seymour), and there's still confusion, according to them, and the Patriots can still lose the pick.
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