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04-06-2013, 04:42 PM
Frederick Stanley
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Originally Posted by ColePens View Post
How does a buyout work? Do they have to pay him the entire contract? It's so confusing.
Capgeek has the answer:

Younger than age 26 at the time of buyout, 1/3 the remaining value
Age 26 or older at the time of the buyout, 2/3 the remaining value

in case of Bryz:

Ilya Bryzgalov is 32 years old on the buyout date of June 15, 2013, setting the buyout ratio at 2/3 and the total buyout cost at $23,000,000 spread over 14 years. His contract was originally valued at $51,000,000 beginning in 2011 and ending in 2020, with $34,500,000 remaining from the buyout year forward. The following is a season-by-season breakdown of the buyout. A negative buyout cap

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