What is the Initial Year Payment Schedule for a waived player?

The Initial Year Payment Schedule for a waived player involves the terms outlined in the Original Contract. When a player is waived, they are essentially released from their contract, but the financial obligations outlined in that contract continue to influence the payment structure. This means that the player's original salary stipulations will largely dictate how the payments are managed after the player has been waived.

The Original Contract represents the agreement made between the player and the team, which generally includes details such as salary, bonuses, and other compensation factors. Even if the player is waived, teams must adhere to those terms regarding any ongoing payments, which might include certain payout schedules depending on the contract details.

In contrast, the Cap Hold Amount refers to the placeholder in salary cap calculations for a player who is no longer under contract but is still potentially signing with the team. The Minimum Salary relates to a distinct category for contracts that are not applicable here since the player already had a contract prior to being waived. A Post Waiver Agreement could establish new terms if the player is signed by another team, but it does not apply to the Initial Year Payment Schedule of the waived player. Thus, the Original Contract is the correct answer as it encompasses the payment schedule obligations stemming from the player's original terms.