- Aug 13, 2007
- 35,520
- 15,806
Mutual termination would be awesome.
that makes so much more sense. I had no idea why we would want to toll his contract while he was loaned and pay his cap hit.
Poile is cleaning out the refuse, thats for sure
Mutual termination would be awesome.
that makes so much more sense. I had no idea why we would want to toll his contract while he was loaned and pay his cap hit.
Poile is cleaning out the refuse, thats for sure
I will be pissed if its for buyout not mutual termination, but by the same token, if Poile feels like he needs that cap space so badly that he has to buy him out, then something big is going down
Does mutual termination mean no cap hit whatsoever? If so, GMDP may be sly like a fox. Get him exploring options under the friendly, want you to be happy, lend-lease program. Get him excited about moving. Then tell him the only way out is mutual termination because of the cap problems. Otherwise, come on back for 1 more year where Barry Trotz focuses on making you his b**** every single miserable day.
There could be a deal with the KHL team that would pay the buyout penalty of the contract in order for us to allow him to go to the KHL without issue. I could see that happening.
The CBA has no language that allows for mutual termination, however it is possible that the NHL could allow a mutual agreement to terminate the contract with no money owed to SK and no cap hit against the Preds since he is looking to go to another professional league. There may have to be other factors in play, though (i.e. SK refusing to report to training camp).
It will be interesting to see how this all works out. If he is claimed by another team none of it matters for us anymore. If the league doesn't allow for the dissolution of the contract and he clears waivers we would have to then buy him out. We would then be on the hook for a portion of his total contract over twice the term, unless I read that wrong while quickly skimming over paragraph 13 of the SPC.
"Unconditional Waivers" means the process by which the rights to a Player are offered to all other Clubs, without a right of recall at a Waiver price of one-hundred and twenty five dollars ($125) prior to a Club exercising its right to terminate a Player's SPC pursuant to Article 13 of this Agreement and Paragraph 13(a) of the SPC.
13. The Club, in addition to other rights hereunder, at its option, by written notice delivered
to the Player in accordance with Exhibit 3, may terminate this SPC on the following conditions:
(a) The Club shall offer the Player on Unconditional Waivers, either before or promptly after the notice of intention to exercise the Ordinary Course Buy-Out option (herein called "notice of termination") is given.
Five players were placed on termination waivers this year: Avtsin, Alain Berger (also by Montreal), Nick Petersen (by Pittsburgh), Corey Elkins (by Anaheim) and Niko Hovinen (by Philadelphia), all but Hovinen had their deals terminated (Hovinen was claimed by Edmonton and assigned to their AHL team, where he is still dressing as their back-up). Avtsin, Berger and Elkins all left their NHL teams for teams in Europe, while Petersen signed an AHL deal with Houston (It's been speculated that his termination had to do with his wife's health problems).
Voldie, I agree after having spent the better part of the past three hours discussing this and reading over the relevant parts of the CBA. If he is KHL bound and he clears waivers I see no reason for the NHL to not allow for a termination of the contract.
Infinite, we may not spend to the cap, but knowing we have that extra $3m in space to use could be the difference making a solid pitch to a big FA and not. It's better to have the room and try to use it than not have it and not be able to even try.
Championat.com reports Sergei Kostitsyn signed 3-year contract with Avangard of KHL
Championat.com reports Sergei Kostitsyn signed 3-year contract with Avangard of KHL
The Predatorial's twitter account is reporting that the cap hit will count this year.
Maybe this brought on the Gill move.