Wade Redden bought out (1/18: Signs with STL [$1M])
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01-15-2013, 07:22 PM
Join Date: Jul 2004
Originally Posted by
I'm unclear. We take a full cap hit like a regular buyout? I thought this was supposed to be an amnesty buyout. i.e. no cap repercussions.
The NHL, for transition purposes, kept the Salary Cap artificially high at 70.2M this season. The two Amnesty Buy-Outs are meant to help teams get down to 64.3M next season and the year after. To allow teams to use their Amnesty Buy-Outs this season would be excessive and result in more overspending. Today was a fair compromise, allowing Redden and Gomez access to the market while giving the Rangers and Canadiens a way to shed a dead contract from their 50 man limit. Under the existing rules, the Rangers would have felt Redden's cap hit whether he was playing for the Rangers, the Whale, or sitting on his couch eating Popchips. Today is a win win for everyone.
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