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Tim Kennedy waived, cleared waivers, bought out

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Old
08-02-2010, 02:25 PM
  #51
aceface33
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There's gotta be more to this.
Seriously. People are bringing up Quinn but he's a good enough politician to know how bad this is going to go down in Buffalo.

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08-02-2010, 02:27 PM
  #52
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http://www.tsn.ca/nhl/story/?id=329335

Can change it to confirmed

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08-02-2010, 02:27 PM
  #53
jlr
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So, earlier this offseason, when we let Lydman and Tallinder walk, and only added a couple very cheap, bargain-basement players, it occurred to me that perhaps Golisano is preparing to sell the team, and wants to be in the black and have the books looking good before he puts out the "For Sale" sign.

Other than spite - maybe they're just trying to hit some internal salary budget number, and this was the only way they were able to do it? It's still an amazingly stupid move, based only on what we know so far, but I guess it's at least possible.

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08-02-2010, 02:28 PM
  #54
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Originally Posted by aceface33 View Post
Seriously. People are bringing up Quinn but he's a good enough politician to know how bad this is going to go down in Buffalo.
Would certainly be more palatable if the next step is announcing an offer sheet or trade involving Bobby Ryan or something like that. I just can't see that big of a name donning the blue and gold though.

I dunno, everyone else is saying the same thing...this can't be a face value move, because at face value it's lunacy.

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08-02-2010, 02:28 PM
  #55
Mogilny 89
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It's under a million though after you factor in the buyout. It's either spite, or there's a move inbound.

I'm betting on spite.

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08-02-2010, 02:29 PM
  #56
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wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....

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08-02-2010, 02:30 PM
  #57
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Its pretty simple what happened.

A. All hell broke loose in the arbitration hearing.
B. Tim Kennedy was awarded a million bucks.
C. Darcy spent all weekend trying to trade him and nobody wanted him and his million dollar salary especially that's why a buyout is likely.
D. There are far too many quality UFAs out there for someone to over pay him and give him $1m. The real story will be if anyone picks him up, if they don't then it looks like there are 29 other gms who feel the same way as darcy does.

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08-02-2010, 02:30 PM
  #58
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Good news though, the Sabres Twitter feed just informed me that highlights from Pat Kaleta's beach volleyball tournament are now on line. The PR people in that place are just awful.

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08-02-2010, 02:30 PM
  #59
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Quote:
Originally Posted by Jame View Post
wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....
it was below the threshold. the sabres had to accept the award.

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08-02-2010, 02:30 PM
  #60
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Quote:
Originally Posted by Jame View Post
wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....
It's in the CBA that they couldn't walk away cause it was too low someone mentioned in the other Kennedy thread.

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Old
08-02-2010, 02:31 PM
  #61
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Originally Posted by Jame View Post
why not just decline the arbitration award...
Arb awards under a certain amount are automatic, they couldn't decline.

Still makes absolutely no damn sense.

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08-02-2010, 02:31 PM
  #62
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Quote:
Originally Posted by Jame View Post
wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....
it was automatically accepted because of the value, I believe.

edit: lol yeah, so it was already answered. To add something of value to this post, I ate Reese's Peanut Butter Cup cheesecake the other day and I felt the peanut butter whipped cream on top was overkill, but in general I was pleased. it comes recommended from the Cheesecake Factory.

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08-02-2010, 02:32 PM
  #63
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Quote:
Originally Posted by Jame View Post
wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....
Because they couldn't decline it. They were forced to accept it because it was under 1.5m.

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08-02-2010, 02:33 PM
  #64
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Quote:
Originally Posted by jlr View Post
So, earlier this offseason, when we let Lydman and Tallinder walk, and only added a couple very cheap, bargain-basement players, it occurred to me that perhaps Golisano is preparing to sell the team, and wants to be in the black and have the books looking good before he puts out the "For Sale" sign.

Other than spite - maybe they're just trying to hit some internal salary budget number, and this was the only way they were able to do it? It's still an amazingly stupid move, based only on what we know so far, but I guess it's at least possible.
When you add the buyout figure to the player who takes Kennedy's place (say Gerbe), the Sabres end up losing more money than by just keeping TK around and stuffing Gerbe in the minors.

Even supposing it's not Gerbe, rather somebody making the minimun, then the saving amount to a pittance in the overall salary structure.

Regier is usually smart when it comes to managing his assets. I'll chalk this move up as a precursor to a bigger deal right around the corner.

But I pray for Regier if this is just a spite move.

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Old
08-02-2010, 02:33 PM
  #65
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Odd. Really odd.

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Old
08-02-2010, 02:33 PM
  #66
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Quote:
Originally Posted by sabresfan129103 View Post
it was below the threshold. the sabres had to accept the award.
Quote:
Originally Posted by aceface33 View Post
It's in the CBA that they couldn't walk away cause it was too low someone mentioned in the other Kennedy thread.
Quote:
Originally Posted by jlr View Post
Arb awards under a certain amount are automatic, they couldn't decline.

Still makes absolutely no damn sense.
Quote:
Originally Posted by gregor7777 View Post
it was automatically accepted because of the value, I believe.

edit: lol yeah, so it was already answered. To add something of value to this post, I ate Reese's Peanut Butter Cup cheesecake the other day and I felt the peanut butter whipped cream on top was overkill, but in general I was pleased. it comes recommended from the Cheesecake Factory.
Quote:
Originally Posted by MillerFan1 View Post
Because they couldn't decline it. They were forced to accept it because it was under 1.5m.
OK OK got it.....Jeeez

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Old
08-02-2010, 02:34 PM
  #67
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Quote:
Originally Posted by MillerFan1 View Post
Its pretty simple what happened.

A. All hell broke loose in the arbitration hearing.
B. Tim Kennedy was awarded a million bucks.
C. Darcy spent all weekend trying to trade him and nobody wanted him and his million dollar salary especially that's why a buyout is likely.
D. There are far too many quality UFAs out there for someone to over pay him and give him $1m. The real story will be if anyone picks him up, if they don't then it looks like there are 29 other gms who feel the same way as darcy does.
So, if they buy him out, what are they paying him to not play? Then they replace him with someone making at least $450-$500k, all to save what, a hundred grand? two hundred?

That doesn't work. Not when we have so much cap space.

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08-02-2010, 02:34 PM
  #68
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There's no chance they spin this into a longterm deal with Kennedy, is there?

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08-02-2010, 02:35 PM
  #69
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getting rid of under 6'0" players?

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Old
08-02-2010, 02:35 PM
  #70
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Quote:
Originally Posted by slip View Post
When you add the buyout figure to the player who takes Kennedy's place (say Gerbe), the Sabres end up losing more money than by just keeping TK around and stuffing Gerbe in the minors.

Even supposing it's not Gerbe, rather somebody making the minimun, then the saving amount to a pittance in the overall salary structure
.

Regier is usually smart when it comes to managing his assets. I'll chalk this move up as a precursor to a bigger deal right around the corner.

But I pray for Regier if this is just a spite move.
good point...

have to imagine its a precursor move... but to what/who?

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08-02-2010, 02:35 PM
  #71
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Originally Posted by Jame View Post
OK OK got it.....Jeeez
Hey, cut us some slack, this is the craziest thing that's happened all summer. We're apparently a little jumpy.

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08-02-2010, 02:36 PM
  #72
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Quote:
Originally Posted by Jame View Post
wait... what???

this makes no sense...

why not just decline the arbitration award...

they essentially just accepted an arbitration award, only to waive him, buy him out, and then pay him over 300k when they could've let him walk for nothing?

I want to believe that Chris Drury is coming back to Buffalo in some way....
I will chew a mouthguard AND take low percentage shots when I am right next to the goalie on the power play for a mere 450k.

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Old
08-02-2010, 02:36 PM
  #73
jlr
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Quote:
Originally Posted by slip View Post
When you add the buyout figure to the player who takes Kennedy's place (say Gerbe), the Sabres end up losing more money than by just keeping TK around and stuffing Gerbe in the minors.

Even supposing it's not Gerbe, rather somebody making the minimun, then the saving amount to a pittance in the overall salary structure.
Yeah, that's what I don't get either - they save what, maybe a couple hundred grand if they replace him with a guy making league minimum? If that? Just plain nucking futs.

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Old
08-02-2010, 02:37 PM
  #74
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Odd. Really odd.
Either a good reason to hang the management or anticipate a big signing. Probably the most exciting thing that's happened this offseason for us...

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Old
08-02-2010, 02:37 PM
  #75
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Quote:
Originally Posted by Husko View Post
There's no chance they spin this into a longterm deal with Kennedy, is there?
It's the one thing I haven't found in the CBA -- is the waiver-to-buyout exempt from other claims? It's doubtful that it is, otherwise, he's available to everyone in the league right now. The thought had crossed my mind, but I don't trust the team's knowledge of the CBA enough to find a loophole (see Thorburn).

Any local press reports on this? I can't get to GR's website at the moment.

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