$70.2M Upper Limit for '12-'13; $64.3M for '13-'14

**iamitter** · 01-15-2013, 01:53 PM

Quote:

Bob McKenzie @TSNBobMcKenzie
Each team is still permitted only 2 compliance buyouts, either before Saturday or in summers of 2013 or 2014.

https://twitter.com/TSNBobMcKenzie/s...71825625862144

RangerBoy · 01-15-2013, 01:53 PM

Quote:

Each team is still permitted only 2 compliance buyouts, either before Saturday or in summers of 2013 or 2014.

https://twitter.com/TSNBobMcKenzie/s...71825625862144

The NHL and PA couldn't have agreed to this 10 days ago?

nyr2k2 · 01-15-2013, 01:54 PM

Quote:

Originally Posted by RangerBoy

https://twitter.com/TSNBobMcKenzie/s...71825625862144

So we can use this now, and still hold onto one now for the summer of 2014?

Crease · 01-15-2013, 01:54 PM

Excellent, so the Rangers can use an amnesty this season on Redden?

RangerBoy · 01-15-2013, 01:55 PM

Quote:

Sorry, my mistake on this year, player gets 100 per cent on buyout, not two thirds. No saving to club. My bad.

https://twitter.com/TSNBobMcKenzie/s...72205101314048

Redden gets his full salary in the buyout for 13.

Parker McDonald · 01-15-2013, 01:56 PM

Excellent news.

Wait, what? Does Redden get 100% of this year and 2/3 of next year, or 100% of both? Also, how about bought out contracts later on?

**-31-** · 01-15-2013, 01:56 PM

Quote:

Originally Posted by nyr2k2

So we can use this now, and still hold onto one now for the summer of 2014?

Yep. No downside. No real upside either, except for doing a good thing for Redden.

RangerBoy · 01-15-2013, 01:59 PM

Quote:

NHL and NHLPA have reached agreement on accelerated compliance buyouts. Will carry full cap charge for 2013 season.

https://twitter.com/KatieStrangESPN/...73108747333632

Full charge or $5,600,000.

Quote:

The hit will then come off the salary cap beginning this summer and the buyout will then revert to 2/3 spread out for remaining years

https://twitter.com/KatieStrangESPN/...73274120339457

BBKers · 01-15-2013, 01:59 PM

Quote:

Originally Posted by Crease

Excellent, so the Rangers can use an amnesty this season on Redden?

Apparently use the Amnesty buyout now and still have one left for 2013 or 2014 (after season). In that case - very good. Really means nothing for us. We take the cap hit and move on
So then Sather signs Gomez for $1,5M this year???

I actually see Gomez going to NJD, Dallas or Chicago and Redden to Detroit, Edmonton or Philly.

**-31-** · 01-15-2013, 02:00 PM

Quote:

Originally Posted by kaneone

Excellent news.

Wait, what? Does Redden get 100% of this year and 2/3 of next year, or 100% of both? Also, how about bought out contracts later on?

100% this season, 2/3 next season. All future seasons will be 2/3.

RangerBoy · 01-15-2013, 02:03 PM

Quote:

#NYR So in Redden's case, team pays him 100% of salary owed this year. Full cap hit minus $ saved assigning him to AHL

https://twitter.com/KatieStrangESPN/...73640803192833

Redden gets his remaining salary this season. The Rangers take the $5.6M cap hit. Redden gets $3,333,333 in the amnesty buyout.

Quote:

#CBA And from my understanding, these accelerated compliance buyouts are available to all 30 teams, not just MTL and NYR

https://twitter.com/KatieStrangESPN/...73837767700481

SupersonicMonkey* · 01-15-2013, 02:03 PM

This isn't an amnesty buyout...still 5+ cap hit.

Weren't teams going to be allowed two buyouts, that had no cap penalty? One this summer and one next?

Amnesty: pardon

Where is the pardon? Penalizing 5+ mil on the cap? That's not an amnesty buyout.

**-31-** · 01-15-2013, 02:04 PM

Quote:

Originally Posted by SupersonicMonkey

This isn't an amnesty buyout...still 5+ cap hit.

Weren't teams going to be allowed two buyouts, that had no cap penalty? One this summer and one next?

Yes, basically we are using one of this summer's buy-outs right now, with the same effect. No cap hit next season.

SupersonicMonkey* · 01-15-2013, 02:07 PM

Quote:

Originally Posted by -31-

Yes, basically we are using one of this summer's buy-outs right now, with the same effect. No cap hit next season.

Yeah, but player gets his money now. Shouldn't team get its cap space now.

Crease · 01-15-2013, 02:08 PM

Yeah this is neither an Amnesty buyout (no cap hit) or an Ordinary Cause buyout (2/3rd cap hit spread out over 2x remaining years). Interesting.

Parker McDonald · 01-15-2013, 02:10 PM

Quote:

Originally Posted by Crease

Yeah this is neither an Amnesty buyout (no cap hit) or an Ordinary Cause buyout (2/3rd cap hit spread out over 2x remaining years). Interesting.

It's more like releasing the player now and then buying out the contract in the summer.

Parker McDonald · 01-15-2013, 02:11 PM

Quote:

Originally Posted by SupersonicMonkey

Yeah, but player gets his money now. Shouldn't team get its cap space now.

But that's what would have happened if they didn't make this rule, except you are punishing Redden by not allowing him play.

**-31-** · 01-15-2013, 02:13 PM

Quote:

Originally Posted by SupersonicMonkey

Yeah, but player gets his money now. Shouldn't team get its cap space now.

Player isn't getting his money now. He'll get it in payments over the next 3 years. It was designed to mimic the effect of an amnesty buy-out this season, but releasing Redden to free agency now.

RangerBoy · 01-15-2013, 02:35 PM

Quote:

Player is paid 100% of his salary this year and 2/3 or 1/3 as applicable in future years. No cap charge from 2013/14 and beyond.

https://twitter.com/RenLavoieRDS/sta...82104308875266

Quote:

The NHL and the players' association have reached an agreement to allow teams an accelerated compliance buyout on players such as Montreal's center Scott Gomez and defenseman Wade Redden of the New York Rangers, a source confirmed to ESPNNewYork.com.

Those buyouts, which can be used by any of the NHL's 30 teams, will carry the full cap charge for the remainder of the 2013 season. The hit will then come off the cap this summer and the buyout will revert to two-thirds spread out for the remaining years.

So, in Redden's case, the Rangers will pay him 100 percent in salary owed for this year while incurring his full cap hit minus the money, approximately $900,000, saved by assigning him to the AHL's Connecticut Whale.

http://espn.go.com/nhl/story/_/id/88...ts-source-says

RangerBoy · 01-15-2013, 02:37 PM

Quote:

One benefit to NYR, MON or anyone else who uses this buyout: frees up a spot on reserve list. Each team has a 50-contract limit.

https://twitter.com/FriedgeHNIC/stat...81250256318464

BBKers · 01-17-2013, 08:23 AM

UPDATED 1st page

BrooklynRangersFan · 01-17-2013, 04:34 PM

Aaaaah...

http://capgeek.com/charts.php?Team=22

(Posted that in the Redden thread, but obviously it belongs here as well.)

BBKers · 01-17-2013, 04:39 PM

Quote:

Originally Posted by BrooklynRangersFan

Aaaaah...

http://capgeek.com/charts.php?Team=22

(Posted that in the Redden thread, but obviously it belongs here as well.)

Thanx
Great
Haley should not be on the NYR team
Has cleared waivers
Segal otoh should be there
Subtracts $50.000 in cap hit

ecemleafs · 01-17-2013, 06:09 PM

so we have just a bit under 10m to sign Stepan, McDonagh, and Hagelin.

Jaromir Jagr · 01-17-2013, 06:57 PM

Quote:

Originally Posted by ecemleafs

so we have just a bit under 10m to sign Stepan, McDonagh, and Hagelin.

Essentially. There will be an additional forward needed and a decision made on Sauer, who'll also be an RFA next season but will not have played in what, 2 years? A retirement decision will be upon him. Unlikely Rangers re-sign him unless he is feeling 95% better.

Stepan should get roughly $2.5M. Hagelin roughly $2M. Bridge contracts I'd guess. McDonagh will get a long term deal in the neighborhood of 5yr/$20M. Definitely doable.