||01-03-2013 06:56 AM
Amnesty buyout candidates and its implicatons
I haven't been able to find full details of the amnesty buyout program, so I'll be using some assumptions along the way.
What we do know:
- Each team will be able to drop two player off their cap, as long as the contract was signed during the 2005 CBA.
- The team is still responsible for paying that player for the remainder of the contract, it just won't show up on their cap.
- The amnesty buyout still comes out of the PA's share.
- The player will be placed on waivers, allowing other teams to submit contract offers to his agent.
- Should a contract be accepted with a new team, his original team only has to pay the player for the difference between the two contracts (let's call this amnesty portion).
- The amnesty portion should reduce the cap ceiling for every team across the league. I.E: Let's assume Gomez gets "buried" with his $7.3M contract for the last year of his contract, and no other team offers him a new contract. His cap hit of $7.3M would lower the player's share by $7.3M, and it should result in a cap reduction of $7.3M/30 = $243k for each team. Does this make sense?
- These buyouts can only occur for a short period during June, 2013, and cannot be "saved" for B. Richards' twilight years.
- Since the team is still on the hook for the player's contract, I don't see this doing much for the poorer teams, unless the player gets another contract to ease the financial sting for the original team. NYI buying out the DiPietro's contract will do nothing for them, as I don't see many teams lining up for his services.
- There may be a few serviceable players getting waived, for whom the Leafs could submit competing offers within the framework of the new CBA. Luongo, Bryzgalov, Lecavalier, etc
- Some teams may be forced to use their amnesty buyout to get under the $60M cap for next season. It's the only reason I see for the Habs not wanting to suck up the last year of Gomez's $7.3M caphit.
- Teams who have the financial backing to pay some of these contracts outside of the cap could potentially trade for some of these bad contracts, and use their amnesty on them, in return for draft picks/other assets
|Team||# players signed for '13-'14||'13-'14 cap hit||Notables not signed for '13-'14||Amnesty Candidates|
|Habs||16||$60.2M||Subban||Gomez (1x$7.3M), Kaberle (1x$4.25M)|
|Bolts||15||$57.5M|| ||Lecavalier (7x$7.7M), Malone (2x$4.5M)|
|Flyers||16||$57.4M||Timonen||Pronger (4x$4.9M), Bryzgalov (7x$5.6M), Briere (2x$6.5M)|
|Bruins||16||$57.3M||Rask, Horton, Ference||--|
|Hawks||17||$57.2M|| ||Frolik (1x$2.3M), Montador (2x$2.7M)|
|Canucks||13||$55.4M||Edler||Luongo (8x$5.3M), Ballard (2x$4.2M)|
|Pens||15||$52.6M|| ||Martin (2x$5M)|
|Rangers||16||$51.8M||McDonagh, Stepan||Redden (1x$6.5M)|
|Sabres||14||$49.6M||Hodgson, Regehr, Leopold||Leino (4x$4.5M)|
|Flames||14||$47.9M||Iginla||Stajan (1x$3.5M), Wideman (4x$5.2M)|
|Caps||12||$44.8M|| ||Ward (2x$3M)|
|Blue Jackets||14||$42.9M|| ||--|
|Panthers||13||$41.9M||Theodore, Weiss||Jovanovski (2x$4.1M), Campbell (3x$7.1M)|
|Stars||14||$34.1M||Benn, Ryder, Roy, Morrow||--|
|Jets||9||$33M||Bogosian, Wheeler, Little||--|
|Ducks||12||$32.8M||Getzlaf, Perry, Selanne, Koivu||Souray (2x$3.6M), Cogliano (1x$2.4M)|
|Devils||13||$32.4M||Elias, Zajac, Henrique, Zubrus, Clarkson, Zidlicky||Volchenkov? (3x$4.25M)|
|Blues||12||$32.1M||McDonald, D'Agostini, Berglund, Stewart, Pietrangelo||--|
|Isles||12||$31.5M||Bailey, Visnovsky, Streit, Hamonic||DiPietro (8x$4.5M)|
Obviously, the welfare / non-cap ceiling teams are in the best position. Chances are, they won't start spending to the cap all of a sudden, so they won't be able to use the new CBA to their advantage (other than making use of the lowered cap floor). The Habs, Flyers, Hawks, Bruins, Canucks, Bolts, and Sharks are in serious trouble. The Leafs, Sens and Jets are in decent position to cash in on some other team's misfortunes.
Any other candidates you guys can think of? Any of them Burke should be going after should they be amnestied? If so, how much would you offer them?