Mike Commodore and Sheldon Souray are the two obvious buyout candidates. Usually teams wait until a few days leading up to the 30th to execute the buyout. Hate the idea of buying out Drury. He would be owed $3,333,333 in a buyout and gets it payed over 2 years. The Rangers take a $3.7M cap hit next season and $1,666,667 in 12-13. Too much "dead" cap space for next season. The Rangers should try to move Drury to another team with that team buying him out and the Rangers assuming a bad contract in exchange which can be AHL or Europe fodder. The NMC prevents the Rangers Reddening Drury. Souray's buyout costs $3M. Its a $333k difference between a Drury and Souray buyout. The Rangers give up an asset to bridge the money difference. The Rangers free $1.65M in summer cap space and free up another $5.4M when Souray is assigned to a different team. Drury waives NMC with the acquiring team agreeing to buying out. Put in the paperwork and Drury becomes a free agent on July 1.
Drury might not even get bought out by Edm.. Renney loves Chris. Team could certainly use some of his character in the locker room. Not sure what their cap situation is.
At the age of 25, it seems likely that Wolski will be headed for a fourth team this summer, as his age lessens the salary-cap impact of buying out the final year of his contract. If the Rangers decide to sever ties with Wolski, it will cost them a mere $466,667 against next season’s cap, plus $666,667 in 2012-13 – a sacrifice for that season that would appear to be well worth making in order to save more than $3.3 million on the 2011-12 cap.
Arthur Staple wrote Wolski is almost certain to be bought out.
I'll be honest, when it comes to reporting stuff that's happening inside the Rangers organization, I trust Brooks a lot more than anyone else who writes on them. Outside of the Rangers organization it's pretty much a crapshoot with him though.
Poor asset management imo. Gotta get a pick back at least. Watch him wind up in Detroit for5 free and light the place up...
No, Detroit wouldn't make that type of move unless it was a depth move for the playoffs. Just because he would go to Detroit (theoretically) doesn't mean he'd change as a player. Just because they have the best FO in all of hockey doesn't mean they can do magic, Wolski is Wolski wherever he goes.
I don't think it is poor asset management either. The Rangers clearly traded for him for three reasons.
1) Buyout money, he falls under the 1/3 cap hit rule as he is under 26yo. The Rangers knew that if they were to buy him out, it would only cost 1/3 the price. If he was older than 26, he wouldn't have been traded for in this sense.
2) Wolski was an experiment. The Rangers knew of his work ethic problems, and have a coach that preaches 110% work ethic. If Torts could change him then they have themselves a skilled top 6 winger. If not, then no problem.
3) Depth for the playoffs. Every team needs depth, and the stretch run is where it's most important.
Writing on the wall or not Drury can decide not to waive his NMC at all and force the Rangers to buy him out and become a free agent anyway. The same situation for him if he's traded and bought out by his new team--he's a free agent. If he waives his NMC he's doing the Rangers a favor.
After signing netminder James Reimer and Gunnarsson in the past few days, Leafs GM Brian Burke's notable remaining RFAs to get under contract are Luke Schenn, Tyler Bozak, Clarke MacArthur, Ben Scrivens, Luca Caputi and Christian Hanson.
Toronto has approximately $22-million in cap space available, assuming the salary cap rises $4-million, as expected, in the off-season.
I was watching the NHL Network early in the Cup finals. Deb Placey was discussing the amount of money Vancouver generates with each playoff game. She said they make $500,000 per game on merchandise sales which seems kind of high. Tonight will be Vancouver's 14th home playoff game.
Lundqvist = 6.875
Biron = .875
Total = 7.754
The total for all three is 46.9175 that leaves 22.9325 in a cap world which has the cap at 63.5 and a 10% cushion totaling 69.85.
In playing around with the math and even over shooting figures on our RFA's this is how I see it..Gilroy might not even be qualified or might be simply moved at the draft.
Like I said these are bloated figures on the following RFA's
Callahan = 4.5
Dubinsky = 4.5
Anisimov = 2.5
Boyle = 2.0
Sauer = 2.0
So with all the key RFA's lets say signed before July 1st that still gives the Rangers 7.4325 in cap dollars. Assuming Richards wants over a 5 year deal I figure his cap hit to be 7 million or less. If he wants 5 years or less then 7.5 or better. So I expect he gets a 6-8 year deal for somewhere in the range of 6-7 million. The key point is that buyout out Wolski gives us over 10 million on July 1st and clearly I over shot the RFA cap hits so we could have up to 12 million and change. So the good point is that we shouldn't have all that much of a cap issue.
My question is even if we spend up to the complete max using the full 10% cushion over the summer removing Redden puts us 150K under the cap. When we LTIR Drury do we only get use of that 7.05 cap space if we fill it first? I'm just wondering in this whole situation is it more like the chicken vs the egg scenario like does Sather have to bring a guy in here via trade first then say were using the Drury cap space to fit "player X", or can we start the season off with that 7.05 space and just run with that much space throughout the year, and wait for the right trade to come around?
The second question is knowing insurance pays 80% of his salary and he has a nice cap hit of 7.05 any team that would take his cap hit on is only paying 1 million for a 7 million dollar cap hit. I know he has his NMC however if all he has to do is show up day one of camp and get placed on LTIR, then he can go back home to Connecticut, this would actually make him quite easy to move to say Florida...Could this even be done or is this somewhat like circumvention knowing that essentially were trading a contract for cap space and a team like Florida would only be doing it to reach the cap floor..?