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I've always wondered about the physical pay procedure after a trade &/or waiver claim. If a player is obtained on waivers by team A from team B, his salary, I assume, would now come from team A's front office. If the waiver claim results in a trade of the player from team B to team A, and team B offers to sweeten the pot by picking up, say, 25% of the player's remaining 2009 salary, how does the money get to the player?
"Joe, here's your check from Team A for this (week?/month?)
in the amount of $8000...and here is your check from team B in the amount of $2000" ??
or does team B, at the time of the trade, send team A's front office a payment of 25% of the players's remaining contract ?
or is there a central clearing house which sends $10000 to the player for that period, and then bills team B $2000 while billing team A $8000 ?