: Salary Cap:
A Redden Buyout: How Viable is the Idea
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05-25-2009, 08:24 PM
Join Date: Feb 2002
Location: Danbury, CT
from what i understand, the 2/3rds is no longer in play and the full balance divided twice the remaining term is the cap hit.
The pre-buyout cap hit is no longer in play.
Redden - 6.5 X 6 = 39 million
1 year played
39 - 6.5 = 32.5 million (this is the buyout amount)
5 years remaining on the contract extends to 10 years to pay off the 32.5 million
3.25 million per year in dead money.
I'd move him to the minors before I bought him out
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