Islanders place DiPietro on Waivers
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02-22-2013, 12:31 PM
Join Date: Feb 2002
Location: Chicago, IL
Originally Posted by
Wang will not buyout DiPi because he's a penny pinching *****, but it would sure make this team more attractive to a potential buyer I would think.
Just my $.02:
1) If he's buried in the minors, he collects his $4.5M, and Wang gets credit for $3.6M of that against the salary cap.
2) If he's bought out (not with an amnesty buy-out), RDP collects approximately $1.5M per year for the next 18 years (2031!) and Wang gets credit for that against the cap. This actually saves Wang about $13.5M over the remaining term of the contract (and more if you consider the NPV of delaying the payment stream).
While I feel for RPD, because his luck with injuries was attrocious, collecting $1.5M per year for the next almost 20 years is a pretty nice "golden parachute"!
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