Thread: New CBA Details
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01-14-2013, 01:34 PM
  #14
Brian Boyle
portnor, pls
 
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Quote:
Originally Posted by TheRedressor View Post
Now please correct me if I am wrong.

Can't the Rangers just buy Richards contract out when there are three seasons left on the deal? If I remember correctly he is owed $1 million in salary or so for those three seasons each year. Wouldn't the Cap hit for the buy out be 2/3 of his one million dollars for the next 6 seasons?

By that time those funds would be a roster spot at league minimum. The buy out cap penalty is/was 2/3's of the remaining $ on the deal per season. That is unless I am missing somethign that changed in the new CBA........
The actual $ amount of the buy-out would be 2/3 of the actual salary. The cap hit is calculated as the difference between the buy-out savings and the would-be salary for those years. The cap-hit would be:
2017-18 $6,000,000
2018-19 $6,000,000
2019-20 $6,000,000
2020-21 $333,333
2021-22 $333,333
2022-23 $333,333

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