guitar center usually sucks, but they do offer an extended warranty for an extra $20 or $30 for their cymbals. On tour, i always cracked my cymbals in less than a year or two, so the warranty always benefited me. The way it worked back then was if you cracked the cymbal while still on the manufacturer warranty, the guitar center warranty group would send you a box to put the cymbal in with pre paid shipping to the manufacturer(there is your $20 right there). You would still have your extended warranty through guitar center after this. You would then get a brand new cymbal from the manufacturer.
Now if you crack a cymbal after the manufacturer warranty is up, your 1 year extended warranty with GC came into effect. I've heard of them doing it different ways, but generally they mail you a box, and you put the broken cymbal in it. Then they mail you a guitar center check for the full price you paid for the cymbal(minus tax). Then you can just go to GC, buy another cymbal, and only pay tax and for a new warranty. Easy peasy lemon squeezy
now this was a couple of years ago, so things may have changed