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05-25-2009, 08:24 PM
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Join Date: Feb 2002
Location: Danbury, CT
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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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