After being removed from the 40-man roster last Friday, Nick Evans has cleared waivers and accepted his outright assignment to Buffalo. Evans has the right to become a free agent at the end of the season if he is not back on the 40-man roster, although he would have been eligible for that anyway due to minor league service time (Rule 55).
Evans' decision to accept the assignment makes sense on a number of levels. He knows the Mets' system well, and is at least familiar, if not comfortable, with things in Buffalo. He knows that Scott Hairston is a free agent at the end of the season, so there is a potential opening he could fill on the Major League bench next spring. And, perhaps most importantly, he knows that he makes significantly more money playing in AAA for the Mets than he would elsewhere.
If Evans had refused this outright assignment and sought employment in another system, he would have been looking at a minor league minimum salary of around $67,000. Perhaps he could have done a little better, perhaps not. But with the Mets, he will make quite a bit more, with a minimum in the neighborhood of $110,000-$115,000 in the minors. Article VI (D) of the current CBA stipulates that a player under reserve to the club cannot be paid a minimum minor league salary below 60% of his total compensation from the prior year. Going back to the first time his contract was renewed, prior to the 2009 season, his minor league minimum salary would have been roughly $130,000, give or take. Prior to 2010 the minimum would have been slightly higher, closer to $135,000 (assuming he had been paid the minimum in the prior year). And then this year, it would have been in that $110,000-$115,000 range, again assuming that all along the Mets had offered him the minimum contract at both the Major and minor league levels.
All of that aside, though, his bat should at least help out a Bisons team that has won just just 3 of their past 14 games.
Showing posts with label waivers. Show all posts
Showing posts with label waivers. Show all posts
Tuesday, June 14, 2011
Friday, June 10, 2011
The Basics: What are waivers?
This is a simple question with a complicated answer. Essentially, waivers are a form of permission to make a specific transaction, granted to the requesting club by the other 29 clubs. Though the term most often used is simply "waivers", there are 4 different types of waivers: unconditional release waivers, trade assignment waivers, optional assignment waivers, and outright assignment waivers.
Unconditional release waivers are required whenever a club wishes to release a player. They are irrevocable, and though claims can occur, the player being claimed always has the right to reject the claim and become a free agent.
Trade assignment waivers (a.k.a. August waivers) are required to trade a player after the July 31 non-waiver trade deadline. They are revocable, however they can only be withdrawn once per player per year. After that, they become irrevocable. If a claim is made, the team requesting the waivers has the option to a) pull the player back off waivers, b) work out a trade with the claiming team, or c) simply let the claiming team have the player (along with the remainder of the player's contract). Every August, trade assignment waivers are requested for many players, including many players that teams have no plans on moving. In addition to guaging interest or possibly unloading a contract, teams request August waivers to disguise their true intentions. If teams only requested waivers for players they were interested in moving, there would be far more claims made. By placing nearly everyone on waivers, it becomes harder for other teams to sniff out the truly available players to either block a rival's potential trade by placing a claim or smother the market for a player (since a claim limits the potentail trade partners to one team). Because every claim placed is also an offer to take on that player's entire remaining contract.
Optional assignment waivers are technically required to option a player to the minors if the player is more than 3 years removed from his initial MLB report date (i.e. the first time he was called up). They are also revocable, however they can only be withdrawn once per player per waiver period. I say they are “technically” required because I am not aware of any player that has ever been claimed in this manner, which is why you never hear about them. When DJ Carrasco was optioned to Buffalo in late April, the Mets had to obtain optional assignment waivers.
Most of the time (at least outside of the month of August), when people mention "waivers", they are referring to outright assignment waivers. Outright assignment waivers (or “outright waivers”) are irrevocable, and they are required whenever a team removes a player from its 40-man roster and wishes to send him to a minor league affiliate. For instance, outright waivers are necessary whenever a player who is out of options is sent to the minor leagues. Additionally, there are times when a player has options remaining, but still must clear outright waivers. For example, to make room on the 40-man roster for free agent acquisition Chris Young this offseason, the Mets removed Tobi Stoner from the 40-man roster. They then had to secure outright waivers in order to send him to Buffalo. This is commonly referred to as “going unclaimed”, “passing through waivers”, or “clearing waivers”.
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