The Glen Sather/Gomez and Redden buyout rule. Who else get's bought out?
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01-15-2013, 05:26 PM
Join Date: Feb 2002
Location: New York
Originally Posted by
Isn't there a very defined timeframe for "normal" buyouts? If the Isles could do a "normal" buyout of RDP - that makes total sense. (As much as $1.5M for the next 18 years makes sense!)
My point is that there is NO chance that Wang "amnesty" buys-out RDP, because in that case he wouldn't get "credit" for the $25+M he'd be paying RDP over the next 18 years against the cap. If Wang's writing a $1.5M check per year, he's going to want to get credit for that against the cap floor.
Hopefully when the Isles make it to Brooklyn, this will stop being an issue. If the Isles were REALLY confident that would change in the near future, it would probably be worthwhile to amensty buy out RDP, but that's a long shot IMO.
There is no way that he uses an amnesty buyout this year, but the Isles could use it after this year or next, and if he proves incapable of playing at an acceptable level, I think they will.
Wang isn't willing to spend now because he is losing money. If the Isles are in a new arena, and have a chance to make the playoffs, spending more on the players will make financial sense.
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