The financial ramifications of signing vested players became much less severe on Monday. As I wrote last week, any vested player on a roster at the start of the regular season is required to be paid his full salary—as termination pay—in the event he’s released. That requirement was significantly reduced as of Monday.

Now, a vested veteran must only be paid one-quarter of his salary or one-quarter of the minimum salary for a 10-year veteran ($845,000, one-quarter being $211,000), whichever is greater. That’s a long way from a full salary. It is this quirk in...

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