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Early Buyouts?


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14 replies to this topic

#1 OFFLINE   damned

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Posted 15 January 2013 - 04:02 PM

The NHL and NHL Players' Association have reportedly come to an agreement on players being forced to stay home for salary cap reasons this season.

According to TSN Hockey Insider Pierre LeBrun of ESPN.com, teams are now eligible to exercise an "accelerated compliance buyout" on one player with a salary cap hit of $3 million or more before the regular season begins on Saturday.

If a compliance buyout is used this week, a team will have only one left to use next summer.


http://www.tsn.ca/nhl/story/?id=413602
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#2 OFFLINE   damned

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Posted 15 January 2013 - 04:02 PM

Still very curious to if either guy gets an NHL job after the buyout.
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#3 ONLINE   Old School Hockey

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Posted 16 January 2013 - 09:32 AM

What benefit do the owners see by buying these guys out right now?

They pay the full prorated salary and counts on the cap and player can sign somewhere else.

I don't understand?
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#4 OFFLINE   damned

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Posted 16 January 2013 - 12:09 PM

It's all about cap space.
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#5 OFFLINE   Potvin29

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Posted 16 January 2013 - 12:32 PM

What benefit do the owners see by buying these guys out right now?

They pay the full prorated salary and counts on the cap and player can sign somewhere else.

I don't understand?


This is about common decency. The Gms telling players to sit home demonstrates they have every intention to buy them out. Therefore it's an oversight. So rather than hurt a persons career the GM's can do the right thing and be rid of them now and save 900k off the cap right away as an incentive to do it. If you have no desire to utilize a player you should have zero problem with that player signing somewhere else.
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#6 ONLINE   Old School Hockey

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Posted 16 January 2013 - 01:27 PM

It's all about cap space.

They still count against the cap this year.
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#7 OFFLINE   damned

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Posted 16 January 2013 - 03:02 PM

No they don't, that's under this accelerated buy out agreement the NHL and the NHLPA settled on in the past few days.
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#8 OFFLINE   blackoutdallas

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Posted 16 January 2013 - 03:08 PM

Buyout Tamby's contract.
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#9 ONLINE   Old School Hockey

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Posted 16 January 2013 - 05:37 PM

Damned I think you’re wrong based on:  The new agreement allows teams to use one of those compliance buyouts prior to the start of this season. However, the player's full salary for the 2012-13 season still would count against the team's cap.
 
http://www.nhl.com/i...s.htm?id=650548
 
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#10 OFFLINE   Craig Simpson

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Posted 16 January 2013 - 06:33 PM

No they don't, that's under this accelerated buy out agreement the NHL and the NHLPA settled on in the past few days.


OSH is correct, there is no advantage for teams on the cap this year, its next year where it saves them.
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#11 OFFLINE   **LS**

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Posted 16 January 2013 - 07:50 PM

The benefit is that the teams can accomplish the buyout while the player is still healthy, and not look like the asshole that made him sit out a year, further deteriorating his skills with the time off.
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#12 OFFLINE   damned

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Posted 16 January 2013 - 08:42 PM

OK, fair enough, I stand correct.

I still believe the contracts come off the books 100% for next year then. So no advantage till then other then what LS just said.
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#13 ONLINE   Old School Hockey

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Posted 16 January 2013 - 08:45 PM

OK, fair enough, I stand correct.

I still believe the contracts come off the books 100% for next year then. So no advantage till then other then what LS just said.

I don't think it 100% next either?
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#14 OFFLINE   damned

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Posted 16 January 2013 - 09:02 PM

Under the new side deal, any NHL team may buy out one player with a salary cap hit of US$3 million or more before the regular season begins on Saturday. The player must clear waivers by Thursday, and if he isn’t claimed by another team, sent to the minors or loaned to a European club, he will become an unrestricted free agent.

The remaining years of the bought-out contract would not count against the cap in future years.


http://www.thehockey...ree-agents.html
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#15 OFFLINE   Craig Simpson

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Posted 16 January 2013 - 10:02 PM

I don't think it 100% next either?


No, it is 100% next year and forever after.
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