: Salary Cap:
Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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01-15-2013, 02:35 PM
HOPE & CHANGE
Join Date: Mar 2002
Location: New York
Player is paid 100% of his salary this year and 2/3 or 1/3 as applicable in future years. No cap charge from 2013/14 and beyond.
The NHL and the players' association have reached an agreement to allow teams an accelerated compliance buyout on players such as Montreal's center Scott Gomez and defenseman Wade Redden of the New York Rangers, a source confirmed to ESPNNewYork.com.
Those buyouts, which can be used by any of the NHL's 30 teams, will carry the full cap charge for the remainder of the 2013 season. The hit will then come off the cap this summer and the buyout will revert to two-thirds spread out for the remaining years.
So, in Redden's case, the Rangers will pay him 100 percent in salary owed for this year while incurring his full cap hit minus the money, approximately $900,000, saved by assigning him to the AHL's Connecticut Whale.
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