Henkka
Registered User
It'll cost them $19.2 Million spread out over 16 years averaging $1.32 Million per year.
It's not split like a normal buyout.It's about $1 million per year, that kind of money is what the owners wipe their behinds with. That's what you conveniently left out. And it would be idiotic for any owner to put their team through cap hell like that. It makes no sense.
http://thehockeywriters.com/compliance-buyouts-nhl/
- Players could be bought out for two-thirds of their remaining salary
- Money owed to the player had to be paid out over the remaining length of the terminated contract — unlike Ordinary-Course Buyouts (which teams can exercise each offseason) where owed money is paid out over twice the length of the contract
- Teams could not pay owed money in a lump sum
- Players could not re-sign with the original team until after the 2005-06 season
- Compliance buyouts did not count against the team’s salary cap, nor did they count against the total player compensation for that year