Question about Buyouts

Discussion in 'The Business of Hockey' started by Remax, Jul 16, 2005.

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  1. Remax

    Remax Registered User

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    Quick Question; Can a team, say the Leafs buy out a players contract and then resign them for less? Say buy Sundin out and then resign him for say 3.5 or 4 mil a year instead? Or maybe even less. If you figure that his contract is now 6.8 mil/year for I don't know how many more years, say 1 since I'm not sure. You can sign him to a 3 year deal worth 3 mil/year and with the big buyout that he would get, it would be as if he was making just over 5 mil/year
     
    Remax, Jul 16, 2005
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  2. DaveMatthew

    DaveMatthew Registered User

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    No.
     
    DaveMatthew, Jul 16, 2005
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  3. ping

    ping Registered User

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    I may be wrong but I don't think you can resign a player you buy out. Not 100% sure.
     
    ping, Jul 16, 2005
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  4. kira

    kira Registered User

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    No can do.
     
    kira, Jul 17, 2005
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  5. Nuclear

    Nuclear Registered User

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    Couldn't they just agree to restructure his contract for just a cheaper price?
     
    Nuclear, Jul 17, 2005
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  6. Arastiroth

    Arastiroth Registered User

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    The point of what he was saying is that Sundin would be getting the same amount of money, but that the Leafs would be paying less against their salary cap since the money Sundin gets from the buyout doesn't count against the cap. If Sundin restructured his contract for a cheaper price, he'd be getting paid less then.
     
    Arastiroth, Jul 17, 2005
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  7. boredmale

    boredmale Registered User

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    i am pretty sure the NHL nixed this option as well. As for buying out i think the rules are you can't sign the player for a year after you buy them out. One question i have about buyouts, is it a yearly thing or just a 1 time deal?
     
    boredmale, Jul 17, 2005
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  8. Transplanted Caper

    Transplanted Caper Registered User

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    my guess is its a one time deal. Its a way for teams too have a chance to adapt to the new system.
     
    Transplanted Caper, Jul 17, 2005
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  9. Icey

    Icey Registered User

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    You can always buy a player out, but its a one time deal when the cost of the buyout does not count against your cap.
     
    Icey, Jul 17, 2005
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