That's about what I figured. I know I've run my team very tight, and I couldn't afford this player. But considering that the team that bought this player is a good team run by a good GM, I'm shocked he has made a move like this. I could almost understand it if he bought the player on Monday and planned to cut him before next Monday, but he bought this player on Sunday night, meaning he has to pay his $350K salary. In short, this team will have $1.2M invested in this player before he even plays a game for his team.
Hopefully, this move will be enough to throw his team off and cause trouble for him heading into the playoffs. He's not the only worry I have in my league, but he's one of only three teams that is a threat to me.