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Preds complete buyout of Brett Lebda - (Signed by Columbus on Jan 19th)

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08-08-2011, 02:46 PM
  #76
101st_fan
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Quote:
Originally Posted by gopreds9 View Post
As per capgeek, nashville is at 48.7 mil, and the floor is 48.3. Won't a Lebderp buyout send us back below the floor?
It will right to the point we bring up Josi, Laakso, Ellis, or Ekholm.

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08-08-2011, 02:51 PM
  #77
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Originally Posted by barrytrotzsneck View Post
What sucks about it? He's saying plan is still to buy him out.
Nobody claimed him...

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08-08-2011, 02:54 PM
  #78
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Originally Posted by tserberis View Post
Nobody claimed him...
Who in their right mind would claim him?

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08-08-2011, 02:55 PM
  #79
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Why would anyone want to claim him

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08-08-2011, 02:55 PM
  #80
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Quote:
Originally Posted by tserberis View Post
Nobody claimed him...
wasnt going to happen... no GM in their right mind would claim him and pay full price one way knowing the preds will be buying him out.

any team that wants him will then be able to likely get a league minimum deal or even a two-way contract.

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08-08-2011, 05:08 PM
  #81
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So how much does it does us to buy him out?

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08-08-2011, 05:55 PM
  #82
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Ok, I finally looked at the CBA and in my view the Preds can buy him out, no question. His SPC has a provision (Section 13) for "Ordinary Course" buyouts and sets the timing for such buyouts. We fit one category of the timing based on having Club or Player elected salary arbitration filings that have now settled/awarded.

The confusion comes from another (inapplicable) section (CBA 11.18) that allows Ordinary Course buyouts OUTSIDE OF THE REGULAR PERIOD in certain limited instances. We don't fit that exception but it doesn't matter- this is an Ordinary Course Buyout within the usual period. Any and all language in 11.18 is inapplicable, including the confusing language cited elsewhere.

I'm sure this has been covered elsewhere (I think 101's point earlier or maybe a blog) but it makes for good reading.

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08-08-2011, 06:09 PM
  #83
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Quote:
Originally Posted by gopreds19 View Post
So how much does it does us to buy him out?
$933,333 spread out over two years...

Hillen signing makes up for Lebda buyout savings and provides Bouillon insurance...

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Old
08-08-2011, 10:09 PM
  #84
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Originally Posted by SLake View Post
$933,333 spread out over two years...

Hillen signing makes up for Lebda buyout savings and provides Bouillon insurance...
Brings back a question. The cap hit for a buyout spreads over twice the seasons but it was said elsewhere that the cash is paid in a lump sum. Can anyone confirm or refute this?

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08-08-2011, 10:12 PM
  #85
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Quote:
Originally Posted by PredsV82 View Post
Brings back a question. The cap hit for a buyout spreads over twice the seasons but it was said elsewhere that the cash is paid in a lump sum. Can anyone confirm or refute this?
Cash is paid out in lump sum. Cap hit spread over twice the length of the deal.

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08-08-2011, 10:15 PM
  #86
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Quote:
Originally Posted by PredsV82 View Post
Brings back a question. The cap hit for a buyout spreads over twice the seasons but it was said elsewhere that the cash is paid in a lump sum. Can anyone confirm or refute this?
Gonna have to disagree with SLake on this one. I'm almost positive buyouts are paid out the same as any other contract. Lump sums were part of the old CBA and not included in the current one. A player can use a 3rd party agency to receive a lump sum, but for our end, it is paid out like any other player. I asked one of the CBA experts on this board a little while and I'm pretty sure that's what he said. Let me see if I can find the quote...

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08-08-2011, 10:18 PM
  #87
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Quote:
Originally Posted by Paranoid Android View Post
Gonna have to disagree with SLake on this one. I'm almost positive buyouts are paid out the same as any other contract. Lump sums were part of the old CBA and not included in the current one. A player can use a 3rd party agency to receive a lump sum, but for our end, it is paid out like any other player. I asked one of the CBA experts on this board a little while and I'm pretty sure that's what he said. Let me see if I can find the quote...
Interesting. I'll have to double check myself...

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08-08-2011, 10:43 PM
  #88
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Originally Posted by kdb209 View Post
The buyout payments are paid in equal semi-monthly (just like NHL salary) installments over the buyout period (2x the remaining term of the contract).

Under the old pre-lockout CBA, a player had the option of a lump sum settlement from their team with a NPV based on the prime rate. That option no longer exists - however the player can get a lump sum advance through a 3rd party settlement.
So assuming this counts towards our payroll, we have $1.8M in dead salary with Dumont and Lebda on the dreaded 2012-2013 roster.

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08-08-2011, 10:51 PM
  #89
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Quote:
Originally Posted by Paranoid Android View Post
So assuming this counts towards our payroll, we have $1.8M in dead salary with Dumont and Lebda on the dreaded 2012-2013 roster.
Nice, thanks! I appreciate the correction.

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Old
08-08-2011, 11:17 PM
  #90
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Originally Posted by SLake View Post
Interesting. I'll have to double check myself...
Quote:
If the Club elects to terminate this SPC pursuant to this Paragraph 13, it shall be obligated to pay to the Player, in equal semi-monthly installments, to be paid in accordance with the payroll payment schedule applicable to the Club's Active Roster, over twice the remaining term of the SPC (the "Buy-Out Period")
From exhibit 1 ...

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08-08-2011, 11:21 PM
  #91
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Originally Posted by Paranoid Android View Post
So assuming this counts towards our payroll, we have $1.8M in dead salary with Dumont and Lebda on the dreaded 2012-2013 roster.
1.8mil beats the 3.5mil of Lombardi's contract that hung around the team's neck.

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08-09-2011, 12:50 AM
  #92
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Lol he's a pylon buy the guy out and sign a few fans out of the stands to EL contracts ...that would be better than having his ass on your team ...he's the biggest floater ever all he can do is skate reasonably quick lol

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Old
08-09-2011, 01:01 AM
  #93
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Originally Posted by 101st_fan View Post
1.8mil beats the 3.5mil of Lombardi's contract and 4mil of Dumont's contract that hung around the team's neck.
Fixed it for ya

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08-09-2011, 06:27 AM
  #94
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No longer listed on the Preds roster on the website.

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08-09-2011, 07:07 AM
  #95
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Originally Posted by barrytrotzsneck View Post
No longer listed on the Preds roster on the website.
Well he did last longer than Eric Belanger... (Sorry BFC )

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08-09-2011, 11:21 AM
  #96
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Well he did last longer than Eric Belanger... (Sorry BFC )
Damn my 3rd finger has rigor mortis, oh and there goes the other one. I wonder how that happened?

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08-10-2011, 10:14 AM
  #97
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Cooper has him officially bought out this morning.

Quote:
The Predators bought out the defenseman this morning. Lebda was set to make $1.4 million next season. He had one year left on his contract.

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Old
08-10-2011, 10:24 AM
  #98
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So it looks like we could buy him out.

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Old
08-10-2011, 01:09 PM
  #99
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Originally Posted by 101st_fan View Post
So it looks like we could buy him out.
Certainly welcoming news. Saves us some cash. I like the move. Get rid of jp Lombardi and lebda.. question is do we add anything?

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08-10-2011, 04:04 PM
  #100
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Never a doubt after looking at the CBA- not sure how people got sidetracked on an inapplicable provision. Poile was taking flak in the media for "screwing up this too" as if it was ruled that he messed up the RFA thing (prices he paid to re-sign suggested he did not) and then got this wrong, too (which he did not). Anyway, good result.

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