Islanders place DiPietro on Waivers
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02-22-2013, 12:38 PM
Join Date: May 2011
Location: Rhode Island
Originally Posted by
But the buyout would save him money too. The buyout would be (I believe) 2/3 of his salary spread over twice the length of the contract. So, Wang would only be paying 1/3 of his salary for the time until he sells. The new owner would also end up paying less, plus the money would be discounted due to the length of the payout.
But it would be counted on the cap for twice as long, correct? The odds of DiPi retiring before his contract is up are marginally high. Having his reduced cap on the books for 20 years or so would be worse than 9 years at 4.5M with the possibilty of retirement for a potential buyer I would think.
Edit: Nevermind, I'm getting confused about compliance buyouts.
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