Buyout question

[alanmcl12]

I think this is the right place to post.
Would it be possible for a team to buyout a player with one of its compliance buyouts and then resign them for a cheaper cap hit.

Just for instance for a team that will be near the cap ceiling next year like Philadelphia to buyout Bryzgalov and then have an agreement to resign him him to reduce the cap hit from 5.7 mil to around 3 just say?

Is there anything in the CBA that stops this?

[Paranoid Android]

I'm 99% sure there is a rule in place that states you cannot sign with the team you got bought out from for 1 year.

One buyout question I've had for a while (hope I'm not thread jacking), did previously bought out players get their buyout money during the lockout?

[LadyStanley]

Teams cannot re-sign player to cheaper cap hit after buying them out. (They can wait a season and then re-sign.)

[kdb209]

Originally Posted by Paranoid Android

I'm 99% sure there is a rule in place that states you cannot sign with the team you got bought out from for 1 year.

Originally Posted by NHL/NHLPA CBA MOU Item 6

During the Ordinary Course “Buy-Out” periods following the 2012/13 season and 2013/14 season, in addition to any other Ordinary Course “Buy-Outs” a Club may elect to effectuate pursuant to Paragraph 13 of the SPC, Clubs may elect to terminate and “buy-out” the already existing SPCs of up to two (2) additional Players (in the aggregate over the two (2) years) on a Compliance basis (a “Compliance Buy-Out”). Such Compliance Buy-Out(s) would be effectuated on the same terms as are set forth in Paragraph 13 of the SPC, except that the amounts paid under such “buy-out(s)” will not be charged against the Club’s Cap in any of the years in which the payments are made to the Player. Amounts paid under such Compliance Buy-Out(s) will, however, be counted against the Players’ Share during any League Year in which the “buy-out” payments are made. A Player that has been bought out under these Compliance Buy-Out provisions shall be prohibited from re-joining the Club that bought him out (via re-signing, Assignment, Waiver claim or otherwise) for the duration of the 2013/14 League Year (if the Player was bought out in 2013) and the 2014/15 League Year (if the Player was bought out in 2014).

One buyout question I've had for a while (hope I'm not thread jacking), did previously bought out players get their buyout money during the lockout?

Yes. The lockout had no effect on those previous obligations.

[knorthern knight]

A Player that has been bought out under these Compliance Buy-Out provisions shall be prohibited from re-joining the Club that bought him out (via re-signing, Assignment, Waiver claim or otherwise) for the duration of the 2013/14 League Year (if the Player was bought out in 2013) and the 2014/15 League Year (if the Player was bought out in 2014).

When, during the year, can the buyouts occur? I.e. can a team buy out a player in April 2014 ("2013/14 League Year") and re-sign him in October 2014 ("2014/15 League Year")?

[mouser]

Originally Posted by knorthern knight

When, during the year, can the buyouts occur? I.e. can a team buy out a player in April 2014 ("2013/14 League Year") and re-sign him in October 2014 ("2014/15 League Year")?

Note the language doesn't say league year when the buyout occurs, only year. A hypothetical player bought out in April [June] 2014 would be calendar year 2014, not permitted to rejoin the team during the 2014-2015 league year. Though buyouts aren't permitted in April.

The new CBA doesn't mention a change of when buyouts can occur.* From the last CBA:

Standard Player Contract section 13(c)

The notice of termination shall be effective if given in the form attached as Exhibit 20, with a copy faxed to the NHLPA and Central Registry as follows:

(i) beginning the later of June 15 or forty-eight (48) hours after the
conclusion of the Stanley Cup Finals and ending at 5:00 p.m. New York time on June 30; and

(ii) For Clubs who have Club or Player elected Salary Arbitration filings
pursuant to Article 12, within the forty-eight (48) hour period beginning on the third day
following the later of: (i) the Club's receipt of its last salary arbitration award; or (ii) settlement
of its last case (provided such award was received or such settlement occurred after 7:00 p.m.
New York time; awards or settlements that occurred or were received after 7:00 p.m. New York
time will be deemed to have occurred or received the following business day for purposes of this
provision).

*The NHL & PA agreed to a one-time adjustment to allow the Gomez and Redden buyouts.