View Single Post
Old
08-08-2011, 10:43 PM
  #88
Paranoid Android
ERMAHGERD
 
Paranoid Android's Avatar
 
Join Date: Sep 2006
Location: CO
Posts: 11,513
vCash: 500
Quote:
Originally Posted by kdb209 View Post
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.

Paranoid Android is offline   Reply With Quote