I don't believe a team is allowed to pay for the buyout but the player himself is allowed. I'll try finding it but I'm sure it's happened before.
Teams aren't... the player would have to do it himself.
The only player that came close to doing something like this was whatever Malkin did to get out of his final yr to come over... 13 yrs ago. Even that was him giving 2 weeks notice type of thing. It was something funny like that.
Edit:
MA1KIN: Escape from Russia
On Aug. 6, Malkin and his family were "invited" to a late-night lakeside meeting with team officials, including Velichkin and Rashnikov, the team president. Rashnikov began the meeting by expressing the team's desire to keep Malkin in Magnitogorsk for another year.
However, Malkin rebuffed Rashnikov's attempts to have him sign a new contract. So the extremely short meeting came to an end. Or so the Malkins thought.
Velichkin and another team official followed the Malkins to their home to continue negotiations. Though Malkin was never in any physical danger, the officials used every other method of coercion to get Malkin to sign a contract. They pushed him to stay for honor, pride and patriotism. They pushed him to stay for his family, community and country. They pushed him to show loyalty to the city and team that nurtured and honed his hockey skills. They even "explained" that his reputation would be tarnished and there would be a scandal if he were to "abandon" his team.
This went on for hours. Finally, at 2:30 a.m., an exhausted and defeated Malkin succumbed. Against his deepest desires he signed a one-year contract. As the Magnitogorsk officials left his home, Malkin told them: "You just killed my dream."
The 20-year-old Malkin went to his bedroom and cried.
The Great Escape
Malkin's spirit was crushed. He believed Metallurg had broken their promise, and had only the team's interests at heart. Malkin felt trapped. He signed a new contract with Metallurg under duress, and worse, the team had confiscated his passport. Even if he wanted to escape, he couldn't.
But Malkin didn't give up hope. He sought aide from his North American agents Pat Brisson and J.P. Barry of IMG Hockey, asking them to find a way to get him to Pittsburgh.
"After I had the contract signed, I felt so upset and felt deceived by Velichkin," Malkin told the
Tribune-Review in 2006. "I felt something had to be done about that, so I phoned J.P. the next day and asked him to help me leave. I was so determined."
Barry and his team hatched an escape plan.
Metallurg had a tournament scheduled to take place in Helsinki, Finland. Since the team had to fly internationally, the club was forced to give Malkin his passport so that he could clear customs.
The team plane touched down on Finnish soil on Aug. 12. Malkin disembarked, passport in hand, grabbed his hockey bag and disappeared.
Barry and Olga McQueen, a Russian native that lived in Vancouver and worked for Barry, were waiting for Malkin upon his arrival at the airport. The three of them sneaked away from the airport and went into hiding.
Speculation was widespread from news organizations, blogs and radio stations. No one, it seemed, knew where Malkin was. Not his teammates. Not his friends. Not even his family, as Vladimir and Natalia didn't know where their son was.
It was an international mystery.
The plan was for Evgeni to stay under the radar and out of sight until he could secure a fast-tracked visa via the U.S. Consulate in Helsinki. In the meantime, Malkin, Barry and McQueen were holed up in an apartment under fake names. The agency hired security guards, though merely as a precaution as they didn't foresee any physical danger.
After five days on the run, Malkin obtained a visa for America. That same day he and his agents boarded a flight for Los Angeles. Once he arrived in America, his agents filed another two-week notice with Magnitogorsk. Though Metallurg threatened legal action without a transfer agreement between the NHL and Russian Federation there was little the team could do.
"I wish things could have been done in a different way, amicably," Malkin told the
Tribune-Review. "It (was) a very difficult decision for me to make. But I knew that I had to do that. Velichkin said if I leave that there can be a huge, huge scandal, which obviously has happened. But I do know that now I am in the right place for myself."