: Salary Cap:
Next Summer Free Agency
View Single Post
08-03-2010, 09:35 AM
Join Date: Jun 2007
Location: Hockey Mecca
Originally Posted by
How do buyouts work?
Teams are entitled to buy out player contracts for a portion of the remaining value of the contract — paid over a period of twice the remaining length of the contract. Following are the buyout amounts:
* Younger than age 26 at the time of buyout, 1/3 the remaining value
* Age 26 or older at the time of the buyout, 2/3 the remaining value
The remainder of this explanation assumes the player was not 35 or older when he signed his contract (in which case a buyout saves the team financially but does not reduce the player's cap hit).
Please provide CBA quote as this quote is from NHLscap, and stipulates the rules for the one-time buyouts when teams came into the new CBA. It clearly specifies this is for the one-time buyouts. Please provide the CBA quote with the rule for 35+ that isn't for the one-time buyouts that happened in June 2005.
He can still be waived and let-go, can still be traded.
And anyway, this a detail among 23 players, as I also mentioned keeping Spacek wouldn't be that much of a problem. I included Spacek as you saw the only possibility of having him with the team, when we could trade him or waive him.
But yeah, let's focuse on this one detail, when the rest was wrong.
Last edited by Ozymandias: 08-03-2010 at
View Public Profile
Find More Posts by Ozymandias