Jan 6, 2013, 8:50 AM EDT
NHL clubs will have to adjust to a $64.3 million salary cap in 2013-14 as part of the tentative new CBA, but they will each get two amnesty buyouts to help them through the transition, according to CP’s Chris Johnston and Sportsnet’s Nick Kypreos.
The debate on which players will be bought out will start immediately, but teams don’t need to rush to a decision. NHL franchises will be allowed to use the buyouts starting this summer and they will also have the opportunity to exercise them during the 2014 off-season. They can buy out two players simultaneously or spread them out if they wish.
The players bought out will still receive two-thirds of what’s left on their contract, but those costs will not count towards the salary cap. However, they will still count towards the players’ share of hockey-related revenues.
Given that the first amnesty buyout period won’t start until this summer, some potential candidates will have the opportunity to try to avoid that fate by performing admirably during the shortened season.
Oh, and FYI…
those asking, Bill Daly confirmed you CANT use the compliance buyouts on players who have LTIR status, such as Chris Pronger.—
Tim Panaccio (@tpanotchCSN) January 06, 2013
May 20, 2013, 1:56 AM EDT
Had success as a QMJHL coach in Quebec.
May 20, 2013, 1:28 AM EDT
That close to going up 3-0.
May 20, 2013, 12:55 AM EDT
May 20, 2013, 12:04 AM EDT
May 19, 2013, 11:48 PM EDT
Ottawa back in the series.
May 19, 2013, 11:20 PM EDT
Looked like a minor penalty. Went undetected.
May 19, 2013, 10:51 PM EDT
May 19, 2013, 9:55 PM EDT
Tried to sell it. Didn’t work.
May 19, 2013, 9:33 PM EDT
Pittsburgh with the lead after two periods.
May 19, 2013, 9:22 PM EDT
Big hit. Appeared clean, too.
May 19, 2013, 9:11 PM EDT
Torres suspended for remainder of semifinal series.
May 19, 2013, 8:53 PM EDT
May 19, 2013, 8:01 PM EDT
Needs to be better for Game 3.
May 19, 2013, 7:31 PM EDT
Lighting it up right now.
May 19, 2013, 6:43 PM EDT
Boston with three unanswered goals.
May 19, 2013, 6:08 PM EDT
Rest of the night didn’t go so well.
May 19, 2013, 5:51 PM EDT
New York trailed 2-0 in first-round series with Washington.
May 19, 2013, 5:28 PM EDT
Canucks’ captain scores twice. Where was that in the playoffs?
May 19, 2013, 4:48 PM EDT
He escapes the league’s ire.
May 19, 2013, 4:14 PM EDT
Brad Marchand might want a do-over.
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