: Salary Cap:
Habs to reach Cap Heaven?
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02-27-2013, 01:13 PM
Join Date: Oct 2007
Location: Kitchener, Ontario
Originally Posted by
Here is the paragraph in the CBA agreement... there is no limit to one player per year, just 2 compliance buyouts total over the next two years. Kaberle wouldn't be on the cap.
During the Ordinary Course “Buy-Out” periods following the 2012/13 season and 2013/14 season, in addition to any other Ordinary Course “Buy-Outs” a Club may elect to effectuate pursuant to Paragraph 13 of the SPC, Clubs may elect to terminate and “buy-out” the already existing SPCs of
up to two (2) additional Players (in the aggregate over the two (2) years)
on a Compliance basis (a “Compliance Buy-Out”). Such Compliance Buy-Out(s) would be effectuated on the same terms as are set forth in Paragraph 13 of the SPC, except that the amounts paid under such “buy-out(s)” will not be charged against the Club’s Cap in any of the years in which the payments are made to the Player. Amounts paid under such Compliance Buy-Out(s) will, however, be counted against the Players’ Share during any League Year in which the “buy-out” payments are made. A Player that has been bought out under these Compliance Buy-Out provisions shall be prohibited from re-joining the Club that bought him out (via re-signing, Assignment, Waiver claim or otherwise) for the duration of the 2013/14 League Year (if the Player was bought out in 2013) and the 2014/15 League Year (if the Player was bought out in 2014).
Thanks BG. If that's the case, that's awesome. I had always thought we had to hang onto him all of next year too. That gives us huge relief.
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