Drury to announce retirement
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08-19-2011, 11:54 PM
Join Date: Jan 2005
Originally Posted by
How does this work from the Rangers POV?
Are they now stuck with a cap hit from the buyout that they would have been free of had he retired at that time?
Except, absent a buyout he would NOT have retired.
If he retired, he would have forfeited $5M in salary for '11-'12. Instead, he would either played or been put on LTIR - in either case he would have gotten his $5M.
Instead, because of the Buy Out, Drury will get $3.33M over the next two years and the Rangers will have dead cap space of ~$3.7M this year and $1.67M next year
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