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Buyouts with new CBA

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01-07-2013, 11:11 AM
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monkeywork
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Buyouts with new CBA

If I understood correctly there will be 1 or 2 contracts each team is allowed to buy out without future cap hit associated correct? Could a team like Tampa do something like buy out Vinnies contract and then sign him for peanuts (since he is already getting the money from them) so they can keep him on their team but avoid the cap hit?

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01-07-2013, 11:15 AM
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cheswick
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Quote:
Originally Posted by monkeywork View Post
If I understood correctly there will be 1 or 2 contracts each team is allowed to buy out without future cap hit associated correct? Could a team like Tampa do something like buy out Vinnies contract and then sign him for peanuts (since he is already getting the money from them) so they can keep him on their team but avoid the cap hit?
There haven't been any details but I would assume they could. There was talk of the Islanders re-signing Yashin last season when they are still paying his buyout. Ofcourse there was a cap hit associated with that buyout.

The issue with your scenario is Vinny could simply take the buyout and go sign with the Habs for way more than the "peanuts" the Lightning would give him.

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01-07-2013, 12:54 PM
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kdb209
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Unless we hear any details to the contrary, I would assume that these buyouts would be treated similarly to the Compliance Buyouts in 2005 - the team was prohibited from resigning the player (or re-acuiring him by trade, waivers, etc) for a year (for the duration of the '05-'06 League Year).

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01-11-2013, 03:05 PM
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Nash
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If a team isn't planning to use an amnesty buyout, I wonder if another team could trade them assets to take on a player they can buyout. Or alternatively, could a team retain 80% of salary in that trade, add in some lessor assets and have the other team still agree to buyout.

A team could really clean out contract errors quickly if the options are there.

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01-11-2013, 03:10 PM
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cheswick
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Originally Posted by Nash View Post
If a team isn't planning to use an amnesty buyout, I wonder if another team could trade them assets to take on a player they can buyout. Or alternatively, could a team retain 80% of salary in that trade, add in some lessor assets and have the other team still agree to buyout.

A team could really clean out contract errors quickly if the options are there.
A maximum of 50%/$3 million can be retained in a trade.

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01-11-2013, 04:35 PM
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me2
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Quote:
Originally Posted by Nash View Post
If a team isn't planning to use an amnesty buyout, I wonder if another team could trade them assets to take on a player they can buyout. Or alternatively, could a team retain 80% of salary in that trade, add in some lessor assets and have the other team still agree to buyout.

A team could really clean out contract errors quickly if the options are there.
I'm waiting to see the leagues reaction when two teams reach an agree to switch players that want to go to the others team and instead of a trade amnesty buyout at 2/3 their players and the players sign for the missing 1/3.

Let's say hypothetically Luongo wanted to go to Tampa and Lecavalier wanted to go to van. Rather than trade, Tampa buyout Vinny and he signs for 2.5m/y. Luongo gets bought out and signs in Tampa for 2m per year.

They must have a plan for this. Maybe if you buyout you can't sign another teams buyout.

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