Free Agent / Cap Hit Rule Reworked the new rule is as stated and goes into effect immediately: 9B - Cap Hit OMFL will hold you to a cap hit in one of the following ways: 1 - When a player is signed and is released that year, that team takes a cap hit of what was paid for him (winning bid/cap figure) minus his overall rating figure. (Ex. Player X is worth 5 points, 10 points was his winning bid, if released that year the team will pay a cap hit of 5 points. If Player X is worth 5 points, 5 points was the winning bid, if released that year the team will pay NO cap hit) 2- If a free agent that was signed by a team is traded to another team, then it is treated as if released. The team who is trading said player will take a cap hit while the team receiving said player will carry the players overall rating. 3 - Players signed as free agents maybe released during the offseason for no cap hit before free agency is opened up. After free agency is opened up all players cut are treated as if cut during a year.