Officially, the end of Brind’Amour’s playing contract has been termed a buyout, with the team owing him $1 million for each of the next two years, which amounts to two-thirds of his remaining salary. The full value of his remaining contract - $3 million – will count against the team’s salary cap, but that is not thought to be an issue with the team’s projected payroll.
“He retired, we used the guidelines of (a buyout) as a settlement and then we just go forward with him on an employment contract,” said Rutherford.
The Isles could Buy Out Witt because of the Moulson arbitration.
More info C & P from the Isles board Witt thread.
Originally Posted by kdb209
Originally Posted by Hemsky4PM
Moulson's signing was not the result of arbitration, so that rule doesn't apply. The 2nd buy out period only applies if a player goes to arbitration and is awarded a contract.
Nope. Even though Moulson settled before arbitration that still qualifies for the second Buy Out window.
Originally Posted by CBA Exhibit 1 - Standard Players Contract - Paragraph 13(c)
(c) The notice of termination shall be effective if given in the form attached as
Exhibit 20, with a copy faxed to the NHLPA and Central Registry as follows:
(i) beginning the later of June 15 or forty-eight (48) hours after the
conclusion of the Stanley Cup Finals and ending at 5:00 p.m. New York time on June 30; and
(ii) For Clubs who have Club or Player elected Salary Arbitration filings
pursuant to Article 12, within the forty-eight (48) hour period beginning on the third day
following the later of: (i) the Club's receipt of its last salary arbitration award; or (ii) settlement
of its last case (provided such award was received or such settlement occurred after 7:00 p.m.
New York time; awards or settlements that occurred or were received after 7:00 p.m. New York
time will be deemed to have occurred or received the following business day for purposes of this
And before anyone brings it up - the commonly held wisdom that a team needs two arbitration cases in order to qualify for "Ordinary Course Buy-Outs Outside of the Regular Period" is not correct.
Originally Posted by CBA Article 11.
11.18 Ordinary Course Buy-Outs Outside the Regular Period. Clubs shall have the
right to exercise Ordinary Course Buy-Outs outside the regular period for Ordinary
Course Buy-Outs in accordance with Paragraph 13(c)(ii) of the SPC. Each Club shall be
limited to no more than three (3) such buyouts over the term of this Agreement pursuant
to Paragraph 13(c)(ii) of the SPC. However, in the event that a Club has only one salary
arbitration hearing pursuant to Section 12.3(a) in a given League Year, such Club shall
not be entitled to exercise such a buyout outside the regular period for Ordinary Course
Buy-Outs. No Club shall exercise an Ordinary Course Buy-out outside the regular period
for any Player earning less than $1 million
Section 12.3(a) is for Team Elected arbitration in lieu of a QO for players earning > $1.5M.
That clause only holds if a team has one arbitration and that was a team elected one under 12.3(a).
It does not hold for a player elected arbitration like Moulson's.
O'Sullivan is a solid player who hasn't landed yet. He's still got loads of potential, in my book. He just needs to settle for a multi-year deal for less than he wants.Too bad his father was such a whack job.