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Trying Again. What Is The Compensation For Those Who Opt Out?

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mgteich

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rying Again. What Is The Compensation For Those Who Opt Out?
 
150 k but you do not accrue a season....unless you are deemed "High Risk" in which case you get 350k and the season is accrued.
 
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If you have a vanilla opt-out your contract is tolled and you get a $150,000 advance on next season's salary.

If you have a high-risk opt-out your contract is tolled (but you still get an accrued/credited year for other purposes) and you get paid $350,000 (it's new cash, not an advance).

Either way, you do get paid any signing bonuses you contracted for even if there are no games at all this year.
 
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What about salary cap relief if somebody such as Cannon voluntarily opts out?
 
BTW: if the season gets cancelled before Week 1, all contracts toll into 2021.
 
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