Hi guys and gals, I was just wondering if anyone could the concept above to a Brit. I've seen that in American sports, players get 'traded' to different teams and this is a concept that I'm more than just a little confused by. In soccer (the only sport I really follow that involves this sort of player movement) players get transferred, but this works much more simply to me.
One club wants another's player, gets their valuation of that player, then stumps up the cash or not. Even then it's not a done deal though, as the player has to agree personal terms with their new employer. Usually the better the player, the bigger the transfer fee paid, sometimes ending up at ludicrous numbers being thrown around.
Anyway, I'd just like to know a little bit more about the trade system works, as I'd really like to know how star players move teams without the prospect of massive transfer fees to sweeten the deal.