Refresh me on the buyout rules again? When is a team allowed to buy someone out?
Going by memory but I think 48 or 72 hours after the Stanley Cup is awarded?
Buyout FAQ - CapFriendly - NHL Salary CapsThe buyout period begins the later of June 15 or 48 hours after the Stanley Cup Final ends. It concludes on June 30 at 5 pm EST.
for the lazy:
Refresh me on the buyout rules again? When is a team allowed to buy someone out?
Teams are permitted to buyout a players contract to obtain a reduced salary cap hit over a period of twice the remaining length of the contract. The buyout amount is a function of the players age at the time of the buyout, and are as follows:
As explained above, the buyout is spread out over a period of twice the remaining length of the contract. The team still takes a caphit, and the caphit by year is calculated as follows:
- 1/3 of the remaining contract value, if the player is younger than 26 at the time of the buyout
- 2/3 of the remaining contract value, if the player is 26 or older at the time of the buyout
The above calculation is performed for each year of the buyout, meaning the buyout caphit is not necessarily the same for each year. It is also possible that the buyout caphit can be negative, meaning the team receives a credit.
- Multiply the remaining salary (excluding signing bonuses) by the buyout amount (as determined by age) to obtain the total buyout cost
- Spread the total buyout cost evenly over twice the remaining contract years
- Determine the savings by subtracting the annual buyout cost from Step 2. by the players salary (excluding signing bonuses)
- Determine the remaining caphit by subtracting the savings from Step 3. by the players Annual Average Salary (AAV) (including signing bonuses)
Buyout Period
The buyout period begins the later of June 15 or 48 hours after the Stanley Cup Final ends. It concludes on June 30 at 5 pm EST.
Buyouts Outside of the Regular Period
Clubs whom have 1 or more arbitration filings may be permitted to perform a buyout outside of the regular window. This gives teams another opportunity to become cap compliant following an arbitration case.
As explained in Section 13(c)ii of the Standard Player Contract (SPC) [Exhibit 1 of the CBA], clubs are permitted to perform a buyout outside the regular period during the 48 hour period beginning on the third day after the final of a) settlement of the Club's final arbitration case. b) receipt of the Club's last arbitration award. A buyout can only be performed on a player who was on the clubs reserve list at 3:00pm on the most recent trade deadline, and for the 2018 off-season, must have a cap hit of at least $3,318,024.
There is an exception to this buyout period (CBA Reference: Section 11.18; 12.3) if the arbitation was Club-elected (as opposed to player-elected) and the player did not receive a qualifying offer. In this case, a minimum of two arbitration cases are necessary to trigger the buy-out period outside the regular window.
only guy i could see is russell..and they need d, the seond year is a kick in the shorts thou, sekera maybe but i doubt
Lucic contract is buyout proof
Buyers remorse on Brodziak? Although doesn't seem worth it.
Sam Gagner?
Won't buying out Lucic this summer be a detriment? I get trying to rid of the higher cap hit, but paying him a couple million for a longer period of time doesn't sound like a better solution just yet.
Brodziak can be sent down and his caphit will only be ~$75k.
Maybe Gagner. Don't think many Oiler fans would like to see that though.
Not much point in Manning, you're not really saving much as opposed to burying him.
Russell and Sekera could be moved at 50% retention worst case scenario, cheaper than buyouts.
The only reason you’d buy Gagner out is if Holland thinks he can significantly improve the wings.
... maybe Holland really doesn’t like the Koskinen deal and thinks he can land Varlamov? *shrug*