DWKB
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Uh, no. Colangelo negotiated contracts that ultimately he didn't have the cash to pay, so then he re-negotiated several contracts to be paid out over a longer period of time -- with interest. That's why the payroll has been under lock and key -- the D-Backs are still paying for the 2001 championship.
You're right, there are contract negotiations that result in extending the payout, but don't alter the amount, and there are negotiations that essentially eat the current contract by extending the player beyond the current endpoint, but there are no negotiations that equate to a buy out, which was what was on my mind when replying to your 50 cents on the dollar comment.