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Rangers can't buy out injured Drury (career ending injury)

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06-17-2011, 04:56 AM
  #1
RangerBoy
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Rangers can't buy out injured Drury (career ending injury)

Quote:
It appears as if the Rangers will be unable to buy out the final season of Chris Drury's contract because of a degenerative condition in the captain's left knee that apparently will render him medically unable to play next season, The Post has learned.

While Drury has yet to file the necessary paperwork, sources report he plans to do so. The Rangers, who had been planning a buyout, could file a grievance against Drury, but that is a remote possibility, at best.
Quote:
It is not known whether Drury is contemplating major surgery. Regardless, it appears as if Drury's career has ended after 892 NHL regular-season games in which the Connecticut Kid recorded 615 points (255-360) and 130 playoff contests in which he registered 88 points (47-41).
http://www.nypost.com/p/sports/range...-rss&FEEDNAME=

Buying out Wolski saves the same $3,333,333 as a Drury buyout.

Don't mean to play moderator but the Brooks "exclusive" renders the other Drury thread mute.

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06-17-2011, 05:01 AM
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GAGLine
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Yup. No way Wolski isn't gone. I guess we can hope that Drury will retire. Seems ****** to make the team carry his entire 7.05 mil cap hit when he knows he can't play. Worst case we've got 7.05 mil coming off the cap next year.

Can he at least be sent down so we can use that money during the season, or does the injury prevent it? Can't imagine why Drury would block it since he would get the same money either way and won't be playing in either case.

Edit: You mean moot, not mute

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06-17-2011, 05:03 AM
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06-17-2011, 05:12 AM
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Quote:
Originally Posted by GAGLine View Post
Yup. No way Wolski isn't gone. I guess we can hope that Drury will retire. Seems ****** to make the team carry his entire 7.05 mil cap hit when he knows he can't play. Worst case we've got 7.05 mil coming off the cap next year.

Can he at least be sent down so we can use that money during the season, or does the injury prevent it? Can't imagine why Drury would block it since he would get the same money either way and won't be playing in either case.

Edit: You mean moot, not mute
Wouldn't he actually be getting more money since I'm pretty sure they don't use the escrow for players in the minors?

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06-17-2011, 05:30 AM
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GAGLine
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Originally Posted by kaneone View Post
Wouldn't he actually be getting more money since I'm pretty sure they don't use the escrow for players in the minors?
True. Or maybe as someone suggested in the other thread, we keep Redden and put Drury on LTIR to get under the cap. If we then send Redden down, we'd have a ridiculous amount of cap space (Redden's space plus the LTIR space), though it won't do us much good during the season.

This is a good example of how Redden still hurts us. If not for him, we could spend most of what Drury is making during the summer and then put him on LTIR to begin the season.

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06-17-2011, 05:46 AM
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Can't he retire from an injury (taking it off the cap) and still collect the money? Can't we put him on LTIR? I know the Rangers are reluctant to take advantage of LTIR but this might handcuff Sather into using it finally. This might not be the worst news ultimately.

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06-17-2011, 05:48 AM
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With all due respect to the OP, can we merge the 2 threads since the conversation started in both simultaneously?

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06-17-2011, 05:51 AM
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Quote:
Originally Posted by DutchShamrock View Post
Can't he retire from an injury (taking it off the cap) and still collect the money? Can't we put him on LTIR? I know the Rangers are reluctant to take advantage of LTIR but this might handcuff Sather into using it finally. This might not be the worst news ultimately.
He can't be put on LTIR until the season starts. That won't help us in July. If he retires, I think he loses all the money, regardless of the injury, but maybe there's some provision in the insurance about retiring due to injury, not sure.

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06-17-2011, 05:59 AM
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you've got to be kidding me.

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06-17-2011, 06:02 AM
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If the mods want to merge it with the other thread,go ahead. With this news,that thread will closed out at 1000 posts by later today

Tim Erixon's $1.75M doesn't count against the summer cap.

No bonus cushion this season.

Its either take a $3,716,667 cap hit and then another $1,666,667 cap hit or use the full $7.05M. It creates options before the season begins. Between the last day of camp and start of the season.

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06-17-2011, 06:04 AM
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If it's a career ending injury, the Rangers aren't going to not put him on IR

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06-17-2011, 06:05 AM
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Quote:
Originally Posted by GAGLine View Post
Yup. No way Wolski isn't gone. I guess we can hope that Drury will retire. Seems ****** to make the team carry his entire 7.05 mil cap hit when he knows he can't play. Worst case we've got 7.05 mil coming off the cap next year.

Can he at least be sent down so we can use that money during the season, or does the injury prevent it? Can't imagine why Drury would block it since he would get the same money either way and won't be playing in either case.

Edit: You mean moot, not mute
No it's mute

Quote:
mute |myoōt|
adjective
1 refraining from speech or temporarily speechless : Irene, the talkative one, was now mute.
not expressed in speech : she gazed at him in mute appeal.
characterized by an absence of sound; quiet : the great church was mute and dark.
That was my reaction when reading the Post headline.

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06-17-2011, 06:08 AM
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NYRFAN218
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ROFL, you can't make this **** up. Quick, buy him out before he files the paper work Slats.

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06-17-2011, 06:08 AM
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06-17-2011, 06:10 AM
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Cap goes to $63.5M. Buyout Wolski at 1/3. The Rangers have over $26M in summer cap space. Buyout Avery and save another $1,333,333. The Rangers have $27M-$28M in summer cap space.

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06-17-2011, 06:10 AM
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I may be reading too far into this, but if he is going to file paperwork that he has a "career ending injury", doesn't that mean he's done and is going to or has to retire?

Doesn't make much sense to me. Why would a team keep you on the books when you state there is no chance you can play again? Why not just take the buyout and get some money. His cap hit may be $7 million but is actual pay is a couple million less then that.

Why would you want to screw over your current (and childhood favorite) team by keeping your $7 million cap hit on the books if you know you could never play again. The Rangers would find a place for him in the organization no matter what.

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06-17-2011, 06:14 AM
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Quote:
Originally Posted by GAGLine View Post
He can't be put on LTIR until the season starts. That won't help us in July. If he retires, I think he loses all the money, regardless of the injury, but maybe there's some provision in the insurance about retiring due to injury, not sure.
Ahh, I forgot about the summer cap/LTIR dynamic.

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06-17-2011, 06:18 AM
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Quote:
Drury, who is owed $5M on the front-loaded, five-year, $35.25 million free-agent deal he signed on July 1, 2007, is expected to undergo a physical in the near future.

If his condition is affirmed, insurance will cover $4 million.

So if he's still getting 4 of the 5M from insurance, why wouldn't he retire?

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06-17-2011, 06:19 AM
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mike14
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I don't know if this has been answered before, but is there anything in the CBA that stops the Rangers and Drury from mutually terminating the contract (making Drury a FA) and then the Rangers just giving him $5m while also getting rid of the cap hit?

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06-17-2011, 06:22 AM
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Drury is protecting his $5M. His pizza joints must be struggling in his tough economy. A team can't buyout an injured player. Degenerative condition in his knee. The knee will continue to worsen and he won't be able to play anymore. He won't retire because he will lose the $5M. Mogilny had a similar issue with his hip. He didn't retire. Collected his millions. Drury will report to camp and fail his physical. The Flyers had Rathje on LTIR forever.

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06-17-2011, 06:23 AM
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Quote:
Originally Posted by mike14 View Post
I don't know if this has been answered before, but is there anything in the CBA that stops the Rangers and Drury from mutually terminating the contract (making Drury a FA) and then the Rangers just giving him $5m while also getting rid of the cap hit?
NO. That's circumvention.

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06-17-2011, 06:25 AM
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Quote:
Originally Posted by RangerBoy View Post
NO. That's circumvention.
Cheers.

I'm assuming that also covers signing him to a 5 year, $1 mil a year 'scouting' job in which he doesn't actually have to do anything?

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06-17-2011, 06:30 AM
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Originally Posted by alphaqup View Post
So if he's still getting 4 of the 5M from insurance, why wouldn't he retire?
The Rangers would receive $4M from the insurance. I remember insurance covers 80% of a SPC for an injured player. The Rangers had a similar situation with Bure and his knee. Insurance paid a good chuck on the salary.

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06-17-2011, 06:34 AM
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Do understand it correctly that although he can't play because of failed medicals, he would still receive the sallary and his full cap hit will still count against the regular season cap ?

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06-17-2011, 06:36 AM
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Just looked at the CBA

Quote:
23.4 A Player under an SPC who is disabled and unable to perform his duties as a
hockey Player by reason of an injury sustained during the course of his employment as a
hockey Player, including travel with his team or on business requested by his Club, shall
be entitled to receive his remaining salary due in accordance with the terms of his SPC
for the remaining stated term of his SPC as long as the said disability and inability to
perform continue but in no event beyond the expiration date of the fixed term of his SPC,

which fixed term shall in no event be deemed to include any option period related to a
playing season after the League Year in which the injury occurred, with the exception of
a Player option year that has already vested. In consideration of payment of such salary,
as well as payments made by the Club to fund the Hospital, Major Medical and Dental
Plan, payments made by the Club to provide Career Ending Disability Insurance and
other consideration, the Player does hereby covenant that in the event he files a claim
under such Career Ending Disability Insurance (unless such claim is not paid), he
personally releases and will release, and will cause his corporation if a corporate contract
is involved, to release the Club, the League, the NHLPA, all other Clubs, the
Underwriters, and the servants, employees, officers and agents of each of the above from
any and every additional obligat ion, liability, claim or demand whatsoever for such salary
or arising out of such injury or the treatment thereof, including wit hout limitat ion liability
in tort, and extending to all damages, whenever arising. The Releases which a Player
shall sign in order to receive benefit s under the Career Ending Disabilit y Insurance are
attached hereto as Exhibits 11 and 12. The Releases which the NHL and the NHLPA
shall sign in order for a Player to receive benefits under the Career Ending Disability
Insurance are attached as Exhibits 9 and 10. The Player shall also be required to sign an
Undertaking form, a copy of which is attached hereto as Exhibit 13 Such a Player who
is thus permanently disabled from performing as a hockey Player and as a result is
compelled to retire prematurely from the League and who is entitled to benefits that had
vested under the pension plan or plans described in Article 21 hereof shall be entitled to
have additional contributions made on his behalf in accordance with the requirements of
such pension plan and Article 21 until such contributions, together with contributions
previously made on his behalf, would represent contributions for five (5) playing seasons
in the aggregate. The funds to provide such additional contributions shall be paid from
the National Hockey League Players' Emergency Assistance Fund. Any disagreement as
to disability or inability to perform shall be determined conclusively by doctors of the
Club and of the Player, and, in the event said doctors are unable to agree, by an
independent doctor selected by said doctors, pursuant to the provisions in Section 17.7.
This is what Drury is claiming.

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