Question regarding Buyouts, 35, and Cap hits..
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07-07-2008, 11:28 AM
Join Date: Jul 2003
I think it's interesting they decided to actually specify (somewhat vaguely) this rule, instead of letting it fall into general "no circumvention" clause of the CBA. I guess it would be difficult to prove any gentleman's agreement on retirement, but likewise it could be hard to prove other stuff that might fall under the no circumvention clause.
I actually like the wording, because it allows for the "handshake" contract, where by a player can sign with a team and "retire as a Canadien" or some other team. It's my understanding that a player who signed a one-year deal and immediately retired wouldn't subject the team to a cap hit.
For instance, if Sundin does decide to go play somewhere else for the next season or two, he'd be able to "retire as a Maple Leaf", even if only ceremonially.
Is my interpretation incorrect?
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