jockabull wrote:
Wouldn't it make more sense to pay off players OOC at the end of the year? Anyone contracted out to 2014 would surely be due more money that then counts on our salary cap for those years should we survive.
I,m sure there other posters who are more conversant with redundancy pay than me, and would welcome any corrections.
Redundancy pay is only due after 2 years of contract & then at 1 weeks pay (for players 22 year old to 40 year old) for each year of contract. So most players would not be due a great deal, if anything
It does not matter how long into the future the contract if for.
Under a Liquidation the redundancy pay would be paid by the government : Redundancy Pay Services
I'm not sure that applies to Administration.
Likely redundancy payments come under the salary cap for this year, but the wage savings will be far more than that. Reducing the salary cap.