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Compromise reached: Redden, Gomez can be bought out now

Jan 15, 2013, 3:05 PM EDT

Redden Gomez

Wade Redden and Scott Gomez might get a chance to play this season after all.

According to various reports, the NHL and NHLPA have agreed to open another window for compliance buyouts on contracts — one that begins now, ends before Jan. 19…and comes with a wrinkle regarding cap hits.

Teams utilizing the “accelerated cap buyout” will take their player’s entire cap hit for the 2013 season, even if the player signs with another team as a UFA.

For future seasons, the cap hit would come off the books.

This ruling is in response to situations the Rangers and Canadiens found themselves in with Redden and Gomez, respectively.

Both players are due large sums of money over the next two seasons — Redden has a $6.5 million cap hit, Gomez is at $7.35 million — and, under rules of the new CBA, neither would be eligible for a compliance buyout until the summer.

The problem, of course, was what to do with them now.

New York and Montreal were leery of letting either player suit up in the AHL for fear of injury, because injured players cannot be bought out.

The solution was a harsh but pragmatic one — Redden and Gomez were going to be sent home until the buyout period began. They’d get paid, but they wouldn’t be able to play.

Under the amended ruling, the end result is less harsh for all parties involved. The players will get a chance to revive their careers elsewhere, and teams avoid the acrimonious situation of negating someone’s ability to play hockey.

Notes

– Each team is still only permitted two compliance buyouts. TSN’s Bob McKenzie notes they have to happen before Saturday, or in the summers of either 2013 or 2014.

– Clubs will pay 100 percent of salaries on buyouts for this year, not two-thirds.

  1. valoisjoeybfeld69 - Jan 15, 2013 at 3:21 PM

    Excellent compromise, gents. What does this means in terms of cash for either one? Initially, they were being paid for this season pro-rated for 48 games, then get bought out for 2/3 of the remaining contract paid over 2 years. In the case of Gomez, I believe his salary this year was 4.5m and he would get 3 million from the buyout. So, I guess this means ~ 6million for the Habs to buyout Gomez. Is this right?

    • thecheeman - Jan 15, 2013 at 3:56 PM

      All this means is legally the NHL can’t be sued because they have a mechanism to buy them out now, whereas before they didn’t. The teams probably won’t change their minds.

    • valoisvipers - Jan 16, 2013 at 12:00 AM

      The math and the logic are sound and worth every penny for the Habs to let Gomez sit in Alaska watching reruns of
      “Welcome Back Kotter”

  2. kitshky - Jan 15, 2013 at 3:26 PM

    There ya go. They kind of had to do something like this because it could have gotten really ugly…

  3. ironcity6pak - Jan 15, 2013 at 3:32 PM

    This is better then sending them home but do the way Gomez performed for the habs I doubt anyone picks him up at his price.

    • ThatGuy - Jan 15, 2013 at 3:42 PM

      They don’t have to pick him up at that price. Thats the point, someone is going to get him on a one million dollar show us you still have a pulse contract and the Habs are still going to end up paying him.

      All it does is save the Habs the pain of a grievance being filed against them.

      • timmmah10 - Jan 15, 2013 at 3:52 PM

        I think Gomez signs for very close to 1 million since you can send him to the AHL and remove 900k of his contract off the Cap based on the new CBA.

        I think Redden finds a job quickly. Surely a team will take a chance on him.

  4. gscheelar - Jan 15, 2013 at 3:53 PM

    Heck, I’d take Redden in Winnipeg for a league minimum/$1m contract. We are down an NHL d-man in Bogosian and Redden can’t be worse than Hainsey. He’s still a good player, just did not work out in NYR.

    • stakex - Jan 15, 2013 at 5:20 PM

      Reddens not really that bad of a player, and he probably worth quite a bit more then $1 million a year. He just wasn’t worth anything close to the $6.5 million the Rangers were paying him. If his contract was for $3 million, he would still be on the Rangers roster.

  5. csndrew - Jan 15, 2013 at 3:58 PM

    I wish my job would buy me out for 100% of my salary…..

    • bhawksrule - Jan 15, 2013 at 10:00 PM

      For being crappy at it too!

  6. somekat - Jan 15, 2013 at 4:46 PM

    Both of these guys could be a steal for someone on a 1 year deal

  7. stakex - Jan 15, 2013 at 5:17 PM

    Why didn’t they just make the buyout period now, instead of next summer, from the start? That makes little sense to me… but then again, I think the buyout period was given very little thought with the other issues in play at the time.

  8. barbarian9 - Jan 15, 2013 at 5:34 PM

    If they get the full cap hit this year, does it mean the Habs will carry 15 million in dead money over the cap?

  9. valoisjoeybfeld69 - Jan 15, 2013 at 6:20 PM

    Not sure I understand the question. The cap hit this year is 7.5 mill for Gomez and zilch next year.

    • valoisvipers - Jan 16, 2013 at 12:07 AM

      It is good to hear a “voice” of reason.

      • valoisjoeybfeld69 - Jan 16, 2013 at 8:55 AM

        Game on! ;-)

      • valoisvipers - Jan 16, 2013 at 10:04 AM

        Hope Captain Video can find his way back too.
        Been nothing but page after page of trolls around here lately.

  10. tarotsujimoto74 - Jan 15, 2013 at 6:34 PM

    What’s the incentive for the team to buy them out now though? If the cap hit sticks for this season and they have to pay the entire salary? They could potentially be paying for the player to compete against them.

  11. valoisjoeybfeld69 - Jan 15, 2013 at 7:36 PM

    Good question. There is no incentive for the team but for getting out of the contract to make cap space for next year. He has something like 10 million due. 2/3 is roughly 6 million paid over 2 years(if the current CBA buyout rules apply). It’s a benefit to the player more than to the team I guess. The player is now free to offer his services anywhere and the teams are not on the hook for his existing salary. I guess no one realized that teams would send a player home as opposed to keeping him on the roster when they negotiated the terms of the buyout in the new CBA.

    • valoisvipers - Jan 16, 2013 at 12:11 AM

      They didn’t think it through because they wanted to get this started on Jan 15th.

    • woodstakes - Jan 16, 2013 at 1:12 AM

      I think it’s more about protecting themselves from grievances from the PA which could end up costing them the entire salary in the contract. This way he gets 2/3 of his money, they lose cap hit next year and now they are someone else’s problem. I’m speaking more for Gomez then Redden, i’m pretty sure Redden will be playing somewhere this year. As someone earlier pointed out, he’s not that bad, just not worth $5M, Gomez, who knows, get him for a cheap one year deal and if he still sucks it up stick him in the AHL and next year he can go to the ECHL and play because if someone takes a shot at him and he still sucks as bad as he has i’d say he’s done in the NHL.

      • woodstakes - Jan 16, 2013 at 1:14 AM

        *doh missed the 2/3 part… gets all of it*

  12. desertfan - Jan 15, 2013 at 7:48 PM

    Didnt take the owners long to figure out a ‘loop-hole”.

    Send them home and dont let them play anywhere!!!

    Or -nice COMPROMISE- buy out at 100% vs 2/3, and still carry 100% of the salary vs your cap??

    Who negotiated this one for the PA???

  13. dbarnes79 - Jan 15, 2013 at 7:55 PM

    If I were an NHL team I think league minimums for a season would be a good risk to take on either.

  14. DED - Jan 15, 2013 at 9:18 PM

    Now the next question for Rangers fans: “Has Sather finally learned his lesson about overpaying for free agents?” See: Drury, Gomez, Redden, Brashear, etc. Yeah, I’m leaving off names but you get the idea.

  15. slickdemetrius - Jan 15, 2013 at 9:43 PM

    Prediction: Rangers will sign Gomez while the Canadiens sign Redden.

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