Preds complete buyout of Brett Lebda - (Signed by Columbus on Jan 19th)
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08-08-2011, 10:43 PM
Join Date: Sep 2006
Originally Posted by
The buyout payments are paid in equal semi-monthly (just like NHL salary) installments over the buyout period (2x the remaining term of the contract).
Under the old pre-lockout CBA, a player had the option of a lump sum settlement from their team with a NPV based on the prime rate. That option no longer exists - however the player can get a lump sum advance through a 3rd party settlement.
So assuming this counts towards our payroll, we have $1.8M in dead salary with Dumont and Lebda on the dreaded 2012-2013 roster.
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