June 15-30 NHL Contract Buyout Period
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06-28-2011, 03:12 PM
Business of Hockey
Join Date: Jul 2006
Location: South Mountain
Agreed, the deadline is for the notice to be filed with the NHLPA and Central Registry, not the actual clearing of waivers.
13. The Club, in addition to other rights hereunder, at its option, by written notice delivered
to the Player in person, or by overnight mail to the Player's address set forth herein, may
terminate this SPC on the following conditions:
The Club shall offer the Player on Unconditional Waivers,
either before or
promptly after the notice
of intention to exercise the Ordinary Course Buy-Out
herein called "notice of termination"
) is given.
Termination pursuant to this Paragraph shall be effective upon receipt by the
Player of the notice of termination and the Player clearing Unconditional Waivers
pursuant to Paragraph 13(a) above.
of termination shall be effective
if given in the form attached as
Exhibit 20, with a copy faxed to the NHLPA and Central Registry as follows:
(i) beginning the later of June 15 or forty-eight (48) hours after the
conclusion of the Stanley Cup Finals and ending at 5:00 p.m. New York time on June 30; and
(ii) For Clubs who have Club or Player elected Salary Arbitration filings
pursuant to Article 12, within the forty-eight (48) hour period beginning on the third day
following the later of: (i) the Club's receipt of its last salary arbitration award; or (ii) settlement
of its last case (provided such award was received or such settlement occurred after 7:00 p.m.
New York time; awards or settlements that occurred or were received after 7:00 p.m. New York
time will be deemed to have occurred or received the following business day for purposes of this
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