Arthur Staple-Wolski will be bought out
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04-25-2011, 02:31 PM
Join Date: Mar 2002
Location: New York
It's not under 25. It's under 26. 1/3 buyout.
(d) If the Club elects to terminate this SPC pursuant to this Paragraph 13, it shall be
obligated to pay to the Player, in equal semi-monthly installments, to be paid in
accordance with the payroll payment schedule applicable to the Club's Act ive
Roster, over twice the remaining term of the SPC (the "Buy-Out Period"):
if the Player is under 26 years of age at the time the termination is
effective, an amount equal to 1/3 o
(ii) if the Player is 26 years of age or older at the time the termination is
effective, an amount equal to 2/3 of the total fixed amount of the Player's Paragraph 1 NHL
Salary, for the unexpired fixed-term of this SPC, reduced by any advance payment of Paragraph
1 Salary received by the Player prior to the date the termination is effective.
Upon termination, the Player shall immediately be an Unrestricted Free Agent and
shall no longer be obligated to perform under this SPC.
Waiver claim of Player by another Club shall pre-empt and relinquish Club's Buy-
Out obligation, due to failure to clear Waivers
page 251. SPC exhibit.
Wolski can be bought out at 1/3 due to his age
Wolski has to clear waivers before he can be bought out. If another team claims him,Wolski is a member of that team. Obviously no buyout.
He becomes a free agent if he clears waivers and his contract is bought out.
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