Thread: Salary Cap: $64.3M Upper Limit for '11-'12
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06-07-2011, 11:32 PM
  #465
CM PUNK
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Quote:
Originally Posted by RangerBoy View Post
http://www.bluejacketsxtra.com/live/...s.html?sid=101

Chris Drury to Columbus for Mike Commodore. Drury agrees to waive NMC in return for Columbus buying him. Drury becomes a free agent.

Why the Rangers do this? Frees up $3.3M in summer cap space and $7.05M when Commodore is assigned to an AHL team or loaned to a team in Europe. The Rangers buyout Commodore as a compliance buyout in the new CBA.

Why the Jackets do this?Drury costs $3,333,333 to buyout. Commodore costs $4,566,667 to buyout. Columbus saves $1,233,334 in real money. Drury is a shorter buyout-cap hit wise.
where do i sign?

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