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A player may be
released at any time by buying out the contract for the amount the game
dictates while in "coach" mode.
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A new owner
receives three free releases when he takes over the team, which must be used
within 72 hours.
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The
commissioner's office may award free releases to other teams as contest
awards or whenever he deems it to be in the best interest of the league.
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Free releases,
whether acquired as a new owner or by other means, can only be used to
release players already on the team roster at the time the free release is
acquired.