View Single Post
01-15-2013, 09:04 PM
joshjull's Avatar
Join Date: Aug 2005
Location: Hamburg,NY
Country: United States
Posts: 45,924
vCash: 500
Originally Posted by Jame View Post
wait... there are buyouts this year now?

According to TSN Hockey Insider Pierre LeBrun of, teams are now eligible to exercise an "accelerated compliance buyout" on one player with a salary cap hit of $3 million or more before the regular season begins on Saturday.

If a compliance buyout is used this week, a team will have only one left to use next summer.

That could be good news for players such as Scott Gomez and Wade Redden, two players who are not playing this season because if they got injured, their teams could not buy them out after the season.

According to TSN Hockey Insider Bob McKenzie, in order for a player to be bought out this week, he still must clear waivers first. He says to assume that Redden and Gomez will be put on waivers on Wednesday.
Team will take the full cap hit on such players this season, less the $900,000 for not burying the player in the minors, but suffer no cap hit next season or beyond.

Teams would pay out 100 per cent of a player's actual salary this year and two-thirds or one-third (as applicable) over twice the remaining term of the contract and the player is free to sign elsewhere.

However, there's no actual benefit to the teams to take this plan of action other than as a favour to the player to perhaps allow them to sign with another team right away.

joshjull is offline   Reply With Quote