Thread: Player Discussion: Brad Richards Part II
View Single Post
05-13-2013, 01:57 PM
RangerBoy's Avatar
Join Date: Mar 2002
Location: New York
Country: United States
Posts: 30,992
vCash: 500
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).

There is regular buyout period between June 15(or 48 hours after the last Cup final game)-June 30 and another buyout period if a team has an arbitration case(48 hours after the last arbitration case for that team/Ordinary Course Buy-Outs Outside the Regular Period). The MOU mentions paragraph 13 which lists both buyout periods. It looks like you an amnesty a player in the regular buyout period or outside the regular buyout period. The regular period won't be June 15-June 30 when game 7 of the finals is scheduled for June 28. Free agency begins on July 5. Sometime that week.

RangerBoy is offline