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10-16-2003, 07:07 PM
  #23
Brooklyn Ranger
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Join Date: Feb 2002
Location: Brooklyn, of course
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Quote:
Originally Posted by Psycho Joe
I was under the impression that you can buyout any contract you want if you pay 60% of it. Sort of like the Habs did with Chow and McKay. There was no negotiation and Chow and McKay had no say in the matter.
A team can buy out any player between the end of Stanley Cup play and June 30th for 2/3 the remaining contract. After that, it's the full contract, unless both parties agree to another amount.

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