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-   -   Buy Out Question (http://hfboards.hockeysfuture.com/showthread.php?t=235481)

NYR fan 2 03-27-2006 05:05 PM

Buy Out Question
 
In this upcoming off season, will teams be able to buy players out again? or was that only a one time thing to help teams get under the new cap?

Kodiak 03-27-2006 05:14 PM

Players can still be bought out, but it will count against the cap. The no-penalty buy-outs were a one-time deal. Now, if a player is bought out at 2/3 of his salary, the money paid counts against the cap for twice the amount of years remaining. For example, a player has a contract worth $6 mil per year for another 3 years. If he's bought out at $12 mil, it counts as $2 mil against the cap for 6 years.

broadwayblue 03-27-2006 05:15 PM

one time thing. the good news is the cap will go up for next year as revenue exceeded expectations.

NYRfan68 03-27-2006 05:15 PM

one time thing

NYR fan 2 03-27-2006 05:22 PM

So for next year we can buy out Ozo for 1.83 mil and only be charged for 503,250K against the cap?

Kodiak 03-27-2006 05:38 PM

Quote:

Originally Posted by NYR fan 2
So for next year we can buy out Ozo for 1.83 mil and only be charged for 503,250K against the cap?

Ozo has one year left at $2.75 mil, so it would be $1.83 mil over 2 years, or about $915k.

NYR fan 2 03-27-2006 06:44 PM

Quote:

Originally Posted by Kodiak
Ozo has one year left at $2.75 mil, so it would be $1.83 mil over 2 years, or about $915k.

oh woops, damnit I am usually good at math. Thanks though.


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