Thread: Buyouts
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07-26-2010, 04:04 PM
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June 30th:
Officially, the end of Brind’Amour’s playing contract has been termed a buyout, with the team owing him $1 million for each of the next two years, which amounts to two-thirds of his remaining salary. The full value of his remaining contract - $3 million – will count against the team’s salary cap, but that is not thought to be an issue with the team’s projected payroll.

“He retired, we used the guidelines of (a buyout) as a settlement and then we just go forward with him on an employment contract,” said Rutherford.

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