Winger Kaspars Daugavins avoided a trip to an arbitration hearing Tuesday by signing a one-year, one-way $635,000 deal with the Senators Monday morning, but he may have bought Bobby Butler a ticket out of town in the process.
With 13 forwards on one-way contracts, the Senators have 48 hours to decide if they’re going to exercise their right to buy out a player — in this case it would be Butler — after settling with somebody who filed for arbitration.
Scheduled to make $1.2 million in 2012-13, Butler, 25, can be bought out at just one-third of his contract because of his age. The cap hit would be $200,000 over the next two years, but that’s much cheaper than him playing in the minors on a one-way deal.
Also per 6th Sens
Since Ottawa settled with Daugavins prior to his actual arbitration hearing, Article 13(c)(ii) in the CBA provides the condition that the Senators can terminate a Standard Player Contract (SPC). Bruce is correct in asserting that as a 25 year old, Butlaaaah can be bought out for one-third of his current contract value. While also true that his potential buyout would cost the Sens $200,000 per year over the next two seasons, Capgeek's buyout calculator indicates that his buyout cap hit would be $50,000 for the first year and $200,000 for the second season.