I'm not sure what this means. My understanding was that this was the original buyout agreement anyways so I'm guessing that means Toronto has just agreed to those terms?
I know the Raps can only put 500K towarsd the 2.4M and Val has to pay the rest. Any idea what his rookie contract is? Do we pay him his rookie contract while he is playing in Lithuania or only once he starts playing for us officially? I'm assumning it's only after he starts playing for us so how much is he earning now? 2.4M is a lotta dough. If he's getting 3M/yr on his roookie contract, then that means he is clearing only about 1.8M per year after taxes. Can players take loans to pay these things off? I've also read elsewhere that this means we will have him in 2012/13 season but not sure why that is unless there is a clause that says he has to play one more year in Lithuania which i think there originally was.
Any clarity on this would be appreciated.