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01-21-2013, 10:01 AM
Poster of the Year
Join Date: Jun 2010
Originally Posted by
The NHL is doing it this way:
-Players get 2/3 of the remaining money spread out over double the years remaining on the deal. Briere is owed 5M over the last 2 years of his deal, so his buyout amount would be 3.333M and he would get roughly 833K per year for 4 years.
-After being bought out, the player is free to sign w/ anyone besides the team that bought him out (he cannot play w/ that team for 1 year from the date of the buyout). The player is free to sign for any amount of money that he is offered and no matter how much he gets, the team that bought him out doesn't get any relief from paying the player.
So it's quite reasonable to assume that Briere could be bought out by the Flyers and then could go get a 2 year 8M deal elsewhere. Under that scenario, he would make roughly 6M more than he's currently set to make.
No, that's the regular buyout formula
With compliance buyouts, it's the full amount over the normal term
There's been threads on this on other subforums and ton of tweets over it
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