Quote:
Originally Posted by Gabe84
Correct me if I'm wrong, but a buyout lowers the cap hit the player has on the team, but he's still owed 100% of the money on the contract. There's no money saved from such a move. Buy outs are reserved for extreme cases, which the Canadiens are not facing right now. There's not really any players in the UFA pool to spend that kind of money on that are worth it anyway. So just keep Gomez--who can still play decent hockey, albeit not $7.35M worth of hockey--and make best use of him. Then reassess his situation next season when he'll only be owed one year of salary.
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You are wrong. The player get 2/3 of the money. The cap hit is also 2/3s, spread over twice the lenght. In short, that is the rule, but there are other quirks.
www.capgeek.com for more info.