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Buyout Window Post-Arbitration

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07-29-2013, 11:48 AM
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StuckOutHere
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Buyout Window Post-Arbitration

Can someone tell me if teams gain a second buyout window after an arbitration hearing and, if they do, the details of it. Could have an effect on the Arbitration hearing of Mark Fraser and the Toronto Maple Leafs. I understood there was some sort of window there, just don't know the specifics.

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07-29-2013, 12:09 PM
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LadyStanley
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Quote:
Originally Posted by StuckOutHere View Post
Can someone tell me if teams gain a second buyout window after an arbitration hearing and, if they do, the details of it. Could have an effect on the Arbitration hearing of Mark Fraser and the Toronto Maple Leafs. I understood there was some sort of window there, just don't know the specifics.
There's a second buyout window that occurs after the team's last arbitration-bound player is resolved (either via contract signed avoiding arbitration or the arbitration award announcement) that lasts 48 hours.

Same specs as buyout window after awarding of Stanley Cup.

Hearing itself has no bearing. Clock starts after arbitration award announcement or pre-hearing contract signed.

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07-29-2013, 12:13 PM
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StuckOutHere
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Quote:
Originally Posted by LadyStanley View Post
There's a second buyout window that occurs after the team's last arbitration-bound player is resolved (either via contract signed avoiding arbitration or the arbitration award announcement) that lasts 48 hours.

Same specs as buyout window after awarding of Stanley Cup.

Hearing itself has no bearing. Clock starts after arbitration award announcement or pre-hearing contract signed.
So just compliance buyouts, or regular buyouts as well? I'm gathering both.

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07-29-2013, 02:29 PM
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cheswick
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So this window is only available for teams with players who elected to go to arb?

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07-29-2013, 02:39 PM
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kdb209
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There is a second Buy-Out window (for regular "Ordinary Course" Buy-Outs, not Compliance Buy-Outs) for teams which had an arbitration elected, even if the case was settled before the arbitration hearing/award - a 48 hr window, beginning three days after the case was resolved - subject to certain restrictions.

Quote:
Originally Posted by CBA Exhibi1 1 - Standard Players Contract - Paragraph 13(c)
(c) The notice of termination shall be effective if given in the form attached as CBA
Exhibit 20, with a copy 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 prior to 7:00 p.m.
New York time; awards or settlements that occurred or were received at or 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).
There was a common misconception under the old (and now new) CBA that a team was required to have two or more arbitration cases in order to use the second window. That is not correct. The restriction was that if a team had only one arbitration case AND that case was a team-elected arbitration in lieu of a QO (for players who earned >$1.5M, now $1.75M) then that team was not eligible to use the second window.

There were a couple of changes to these "Ordinary Course Buy-Outs Outside the Regular Period" under the new CBA.
- You can't have acquired the player since the last Trade Deadline.
- The fixed $1M salary threshold was increased to $2.75M (indexed to increases in Average Plaayer Salary).

Quote:
Originally Posted by CBA Article 11.18
11.18 Ordinary Course Buy-Outs Outside the Regular Period. Clubs shall have the right to
exercise Ordinary Course Buy-Outs outside the regular period for Ordinary Course Buy-Outs in
accordance with Paragraph 13(c)(ii) of the SPC. Each Club shall be limited to no more than
three (3) such Buy-Outs outside the regular period over the term of this Agreement pursuant to
Paragraph 13 of the SPC. However, in the event that a Club has only one salary arbitration
hearing pursuant to Section 12.3(a) in a given League Year, such Club shall not be entitled to
exercise such an Ordinary Course Buy-Out outside the regular period. Moreover, a Club shall
not be entitled to exercise an Ordinary Course Buy-Out outside the regular period for: (i) any
Player who was not on the Club's Reserve List as of the most recent Trade Deadline, or (ii) any
Player with an Averaged Amount less than $2,750,000.
The dollar amount of $2,750,000 set
forth in this Section 11.18 shall be increased on an annual basis at the same percentage rate of
annual increase as the Average League Salary, with the first such increase occurring based upon
a comparison of the 2014/15 Average League Salary to the 2013/14 Average League Salary. By
way of example, if the Average League Salary for the 2014/15 League Year has increased by ten
(10) percent from the Average League Salary for the 2013/14 League Year, then the figure of
$2,750,000 stated in Section 11.18, shall be increased by ten (10) percent to $3,025,000.
Quote:
Originally Posted by Old CBA Article 11.18
11.18 Ordinary Course Buy-Outs Outside the Regular Period. Clubs shall have the
right to exercise Ordinary Course Buy-Outs outside the regular period for Ordinary
Course Buy-Outs in accordance with Paragraph 13(c)(ii) of the SPC. Each Club shall be
limited to no more than three (3) such buyouts over the term of this Agreement pursuant
to Paragraph 13(c)(ii) of the SPC. However, in the event that a Club has only one salary
arbitration hearing pursuant to Section 12.3(a) in a given League Year, such Club shall
not be entitled to exercise such a buyout outside the regular period for Ordinary Course
Buy-Outs. No Club shall exercise an Ordinary Course Buy-out outside the regular period
for any Player earning less than $1 million.

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