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Report: NHL agrees to two buyouts per team next season

Jan 3, 2013, 10:59 AM EDT

Wade Redden Rangers

It appears the NHL and NHLPA are getting closer on a number of sticking points for a new CBA, including a key one for 2013-14.

The league has reportedly agreed to two compliance buyouts per team next season, according to Sportsnet’s Michael Grange. This would coincide with a salary cap decrease for 2013-14, which is believed to be in the $10 million neighborhood (from $70.2 this year to around $60 million.)

Under the league’s proposal, each team would be allowed two buyouts that wouldn’t count against the cap but, according to CBC’s Elliotte Friedman, will count against hockey-related revenue.

The NBA put a similar clause in its recently signed CBA. Notably, the “amnesty” provision allowed the Magic to bid adieu to Gilbert Arenas and the Knicks to rid themselves of Chauncey Billups’ contract (so they could afford Tyson Chandler).

As Brough mentioned in an earlier post, there are a number of NHL teams that would be in financial trouble should the cap drop to $60 million for 2013-14. (He also wrote about a few likely buyout candidates.)

Montreal’s Scott Gomez, Toronto’s Mike Komisarek, Vancouver’s Keith Ballard and Calgary’s Matt Stajan are all viable buyout options given how much cap space they eat (all have cap hits of at least $3.5 million per season) and the fact none are signed past 2015.

Buying out players with long-term contracts is less likely, as those players will still need to be paid their salaries according to the buyout formula.

Of course, there could be an exception allowing teams to assume part of the salary of a bought out player.

  1. ravenscaps48 - Jan 3, 2013 at 11:12 AM

    Caps should say goodbye to Joel Ward and Jeff Schultz. Joel Ward because of his AWFUL $3,000,000 Cap Hit for being a 4th Liner. Jeff Schultz for being paid $2,750,000 for playing defense worthy of a 12 year old!

    • bigbadbruins77 - Jan 3, 2013 at 11:45 AM

      I wish Joel waRd was gone last year… after kicking the puck in in over time and crushing my dreams :(

      • ravenscaps48 - Jan 3, 2013 at 12:05 PM

        Crushing your dreams? I’m sorry. You’re coming off as a spoiled brat. Did you not just win the Stanley Cup two seasons ago? Pardon me while us Caps fans had to deal with Joel Ward taking a high sticking double minor in Game 5 with 21 seconds left in the face-off circle, Brad Richards scoring 15 seconds later, and Marc Staal scoring a minute into the OT… Instead of us going to The Phone Booth with a 3-2 Series Lead, NY Stole a victory from us…. So I don’t feel that it is necessary to hear your complaints about Joel Ward

      • dipthatchip - Jan 3, 2013 at 12:18 PM

        if it’s any consolation, Ward’s 3rd period double minor in Rangers series was arguably the reason the Caps lost the series.

      • bigbadbruins77 - Jan 3, 2013 at 5:24 PM

        @ravenscaps48; coming off as a spoiled brat? What does that have to do with the fact that Joel Ward was clearly guilty of goalie interference and kicked the puck in on Thomas? It shouldn’t have counted, period. Doesn’t really matter though, because the Caps weren’t going to win another series anyway. A high stick penalty is a lot better than what Ward did in OT against the Bruins. Ref fail! Who cares if they won the Cup 2 years ago, I thought this was a professional sport at the highest level, where teams want to win it as much as possible. Maybe the Devils felt bad for the kings last year and “let them win” because they had never won before and the devils had…

      • ravenscaps48 - Jan 3, 2013 at 5:55 PM

        You were probably one of those racist tweeters, weren’t you. FIRST of all! It was Mike Knuble who skated into Thomas, because Benoit Pouliot drove him into him with a reaching poke check around Knuble. So. That’s that. And who are you to say that we wouldn’t have been able to win any other rounds? If we were good enough to beat your mighty Boston Bruins, they should be good enough to beat anybody, right chief?

      • bigbadbruins77 - Jan 3, 2013 at 6:33 PM

        Wowww you’re going to accuse me of being racist? It sounds like you’re the racist assuming that I’m white and such…that’s the most ridiculous thing I’ve ever heard, you either are a mouthy teen, or need counseling. I shouldn’t even be responding to that ignorant comment. That all sounds like a bunch of BS excuses to me, worst goal in history. Even former NHL refs said it shouldn’t have counted. The Caps suck, there was no way they were going to beat any of the teams left in the playoffs. The MIGHTY bruins were missing their 2011 hero in Horton and Mcquaid and still pushed the Caps. Wait until Seguin comes into full form and Dougie Hamilton comes up as the next Ray Bourque. It’s over for the caps. The Caps are lucky to have Adam Oates (oh hey former Bruin Star), maybe they will make the playoffs again, but only because of him.

      • ravenscaps48 - Jan 3, 2013 at 9:16 PM

        Pardon me. Didn’t think someone from Boston could be so sensitive. My fault. You probably aren’t a racist. I’m just saying that 86% of Bostonians are (Fact. It’s been proven on Discovery’s hit show Mythbusters), and that you may or may not be in that 86%.

      • bigbadbruins77 - Jan 4, 2013 at 9:23 AM

        Myth busters really? I wouldn’t believe everything on that show. 86 percent is a really high number. Yet another assumption, I’m not from Boston and don’t even live in MA. While I’ll agree that a lot of people there are massholes, I don’t think they’re all racist.

    • kyzslew77 - Jan 3, 2013 at 12:17 PM

      Hunter used Ward incorrectly. He should be on the 3rd line instead of Beagle. He’s worth keeping around. Schultz? Oh yeah, he’s definitely got to go.

    • trick9 - Jan 3, 2013 at 2:11 PM

      As a Capitals fan there are two ways to look at this. First one is that im not that keen on this because McPhee has done some pretty good business and there aren’t desperate need to buy anyone out, like some other teams have (Gomez, Redden). GM’s must be held responsible for their actions but this would pretty much leave them off the hook.

      The second way is that there would be a way to get rid of some of the players earning too much (Schultz, Hamrlik, Ward) whose contracts aren’t that bad but still too big. And obviously there would be some very interesting players coming to market after these buyouts. By doing the business correctly you could find real bargains among the players who are being the victims.

    • grimlock410 - Jan 3, 2013 at 5:57 PM

      We are still paying Tom Poti and and you want to use this on a great character guy who scored a series clinching goal!

      • ravenscaps48 - Jan 3, 2013 at 9:13 PM

        Well. Thing is. Can’t we keep Poti on LTIR? A groinless Tom Poti is still better than Captain Defense, Jeff Schultz

  2. hockeyfan28 - Jan 3, 2013 at 11:16 AM

    Bryz and Pronger both off the flyers books Ed Snider gotta be doing cartwheels.

    • elvispocomo - Jan 3, 2013 at 12:52 PM

      You won’t be able to use the amnesty buyout on a player on the injured reserve, most likely. No luck dropping Pronger in that case, although his cap hit would still be able to be used for LTI relief.

    • elvispocomo - Jan 3, 2013 at 12:53 PM

      And the Flyers would still need a goalie if they got rid of Bryz – don’t think they’ve solved that issue yet…

      • hockeyfan28 - Jan 3, 2013 at 1:22 PM

        You do realize this is for 2013-2014 which means bryz can play out this shortened season if there is one and if he stinks they can buy him out prior to the NHL draft and the start of free agency giving the flyers plenty of time to hunt for a starter

      • elvispocomo - Jan 4, 2013 at 12:22 PM

        I do realize that, it’s not like I’m suggesting the Flyers buyout a ending UFA, but rather a guy they signed to a 9 year deal last season. And the only goalie other than Bryz they have signed beyond this season is Cal Heeter. Let that sink in.

        I also realize just who will be available, because I took a look at the pending UFAs this summer:
        - Backstrom: maybe a chance here, if the Wild don’t bring him back. The Flyers are famous for outrageous offers after last summer’s Weber offer sheet, so they could outbid everyone else I guess.
        - Thomas: I’m not sure he’ll even come back, let alone have anyone sign him as he’ll be 39 when the season starts.
        - Khabibulin: he’ll be 40, see above but add older and not as good recently.
        - Nabokov: will be 38, but would have to take a cheap deal and already re-upped with NYI once, may do so again.
        - Howard: no way Detroit lets him go.
        - Smith: barring a disastrous follow up season, he’ll be back in Phoenix (and if he fails in yr2, who would want him?).
        - Theodore: Philly’s looking for someone who can carry the load, not share it, and he’ll be 37.

        It only get’s worse from there, with Chris Mason, Garon, Labarbera, Emery and Budaj being the next biggest names. Not an amazing UFA goalie group next summer at all unless Howard or Smith suddenly become available.

    • stakex - Jan 3, 2013 at 1:15 PM

      The Flyers won’t buy either of them out.

      When it comes to Pronger they will stash him on long term IR so he doesn’t count against the cap. If they bought him out they would have to pay him for 5 years in one shot…. why do that when he can be stashed on IR and be paid over time?

      As for Bryz, the Flyers might want to buy him out… but then who will be their goalie? Leighton would be a questionable replacement at best, and if the season really does end up starting sometime this month… there really won’t be time to find a replacement.

      • odj810 - Jan 3, 2013 at 3:31 PM

        a bryz buyout would be damn expensive with all that money left to pay him. are they really gonna give 15 million to the goalie position for the next 8 years?

  3. jaredo10 - Jan 3, 2013 at 11:19 AM

    Thank God.. Perfect example Wade Reddan you bumm

  4. tfaltin - Jan 3, 2013 at 11:27 AM

    I’m afraid to ask this question….which side of the HRR are the buyouts coming from? I believe its the players?

    • tmoore4075 - Jan 3, 2013 at 11:30 AM

      As of now yes the players. It doesn’t count against the cap though.

    • tfaltin - Jan 3, 2013 at 11:32 AM

      If so, could this be concession from the players that sets the table for the NHL increasing pension payments?

      • stakex - Jan 3, 2013 at 1:16 PM

        Actually the simple fact that there will be two transition buyouts is a concession by the owners… and it would seem the players are still fighting to get this money outside the system (make it come out of the owners pocket).

    • desertfan - Jan 3, 2013 at 3:35 PM

      It appears that they have know agreed that the money will come off the top of HRR, therefore a 50/50 split of the costs and no cap hit.

  5. davebabychreturns - Jan 3, 2013 at 11:41 AM

    That is a whole lot of buyouts. I can’t imagine too many teams out there using both of theirs, although I suppose if someone wanted to be a player in unrestricted free agency they could buy out a sizeable contract they’re getting a decent-but-not-good return on.

  6. Buford T Justice - Jan 3, 2013 at 11:47 AM

    The Flyers need Bryzgalov off there books THIS season if they dont have a season

    • elvispocomo - Jan 3, 2013 at 12:59 PM

      Mentioned it above, but the Flyers would still need a goalie to replace him – unless you’re fine with a Leighton/Hovinen tandem. But hey, since the Flyers would be in such a dire need after such a buyout, I’d be good with moving Luongo for Couturier and a pick…

      • somekat - Jan 3, 2013 at 9:28 PM

        Luongo’s contract is just as bad, if not worse

      • elvispocomo - Jan 4, 2013 at 12:48 PM

        Come back and talk to me when Bryz has another repeat year of last season, while Luongo’s career numbers have him second in wins, 10th in GAA and 4th in Sv%. Clearly I’m suggesting a pretty good trade for the Canucks, but Canucks fans remember what it was like to have bad goalies for a long time.

        Garth Snow, Arturs Irbe, Sean Burke, Kevin Weeks, Felix Potvin, Dan Cloutier, Petra Skudra, Martin Brochu, Maxime Ouellet, Mika Noronen – all between the era of Kirk McLean and Roberto Luongo. Some had good stretches, some were good only in the regular season, and some were good before they got to us but not so much once they did. Sound familiar Philly fans?

        So, compare again the $5.33M cap hit of Luongo over the next 9 years (or until he retires) versus the $5.667M cap hit of Bryz over the next 7 years (he’s a year younger than Luongo, so further from retirement) considering their career stats, or even last year’s numbers. Then try and tell me whose contract is worse and who you’d rather have as your starter.

  7. aklolzer - Jan 3, 2013 at 11:55 AM

    Alexei Yashin, haha

  8. ThatGuy - Jan 3, 2013 at 12:00 PM

    Can the Wild buyout Mark Parrish’s Buyout?

    • greatminnesotasportsmind - Jan 3, 2013 at 12:27 PM

      at least this is the last year for the 937,000 (guessitmate) year payment to him.

      At least the Wild will be cap compliant without buyouts needed. Cullen will probably retire, Backstrom’s 6 mil comes off the books, as does Bouchard’s 4 mil. I just don’t see any buyouts coming on our side.

  9. bcisleman - Jan 3, 2013 at 12:03 PM

    An article about buyouts and NO mention of RDP and THE CONTRACT? For shame, Mike!

    • Mike Halford - Jan 3, 2013 at 12:13 PM

      Haha, yeah. I know. All the talk about RDP is a little much, especially since there’s no telling how long-term contract buyouts would work mathematically. It’ll cost what, $40.5 $24 million to buy him out? Nobody’s going to just give him that money to not work.

      • sheapuck - Jan 3, 2013 at 12:28 PM

        “Nobody’s going to just give him that money to not work.”

        Aren’t they doing that anyway?

      • bcisleman - Jan 3, 2013 at 1:12 PM

        Good one, SP! Isles need to move on one way or another. There is a provision in his contract, as I understand it, that allows insurance to pay the remainder if he is unable to play for medical reasons–and that sure looks to be the case.

  10. flyersallday84 - Jan 3, 2013 at 12:03 PM

    one step closer!

  11. mustbechris - Jan 3, 2013 at 12:04 PM

    Now the Flyers don’t have to choose between Pronger and Bryzgalov, they can just buy out both.

  12. barkar942 - Jan 3, 2013 at 12:16 PM

    Where is the picture of DePietro?

    • greatminnesotasportsmind - Jan 3, 2013 at 12:29 PM

      who?

  13. acieu - Jan 3, 2013 at 12:37 PM

    Can one be used to buy out Fehr and Bettman?

  14. joeyashwi - Jan 3, 2013 at 1:03 PM

    Greatminn- I think the Wild will still be in trouble. I thought, keyword thought, that I saw an article that if the cap drops to $60 mil that the Wild will already be at $56 with only 15 players signed. I hope that isn’t the case. We deserve a winner in Minny. It will be tough to do with 8 minimum salaries.

  15. shoobiedoobin - Jan 3, 2013 at 1:03 PM

    Before you could sign a deal and be the worst contract on the team and not worry. Now you just have to be the third worst contract and you’re safe!

    Really though it’s good and bad.

  16. trbowman - Jan 3, 2013 at 3:27 PM

    Free Wade Redden!

  17. barbarian9 - Jan 3, 2013 at 4:53 PM

    Gomez and Kaberle would be gone from Montreal!

  18. cspsrbums - Jan 3, 2013 at 6:43 PM

    Don’t really want to put my 2 cents in but I will Caps are much more talented team then the Bs The Bs have a goalie and a bunch of dirty no talented thugs who throw play dirty and throw cheap shots after the whistle.

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