Jun 27, 2013, 9:15 AM EDT
The Tampa Bay Lightning have made the difficult decision to buy out the remainder of Vincent Lecavalier‘s 11-year, $85,000,000 contract.
“Vinny has been a significant reason for many of our past successes, including the 2004 Stanley Cup, and his contributions to the community are immeasurable,” said Lightning GM Steve Yzerman in a statement on the team’s website.
“The Lightning organization is indebted to Vinny; we thank him for all he has done here and we wish him well as he moves forward.
“After much internal deliberation, we believe this will prove to be a pivotal move for us as we strive to achieve our long term goal of competing at the highest level, year-in, year-out. The economics and structure of the CBA are necessitating this decision and we at the Lightning are excited at the newly created opportunities this presents to us.”
The 33-year-old is still a very effective top-six forward, but it’s been a while since he lived up to his $7,727,273 annual cap hit and things were likely only going to get worse given that his contract wasn’t set to run out until the summer of 2020.
Even still, this couldn’t have been an easy decision for Tampa Bay, given that they will now pay Lecavalier $32.67 million over 14 years to not to play for them, according to ESPN and TSN’s Pierre LeBrun.
On top of that, if it wasn’t for his cap hit, the Tampa Bay Lightning probably would have loved to keep him. In fact Tampa Bay and Toronto were rumored to be working on a deal where the Lightning would give Lecavalier and an asset to Toronto so that the Maple Leafs would buy out Lecavalier instead. That would allow Lecavalier to re-sign with Tampa Bay at a more cost effective rate.
The NHL warned that such a maneuver would be seen as CBA/salary cap circumvention.
As it stands, Lecavalier will be regarded as one of, if not the best unrestricted free agent on the market. Almost every team would love to have him — minus, of course, his old cap hit.
Told Vinny Lecavalier is open and willing to play in Montreal but will evaluate all opportunities. Some teams have already contected him.
— Louis Jean (@LouisJean_TVA) June 27, 2013
Mar 28, 2015, 9:30 PM EDT
Collided with Cody Goloubef in the first period.
Mar 28, 2015, 9:15 PM EDT
He allowed two goals on nine first period shots.
Mar 28, 2015, 8:55 PM EDT
Finished off a nice passing play by Jagr and Huberdeau.
Mar 28, 2015, 8:15 PM EDT
Ottawa’s starter tested early.
Mar 28, 2015, 7:45 PM EDT
The Pens defenseman will remain in hospital overnight.
Mar 28, 2015, 6:30 PM EDT
He appeared in eight games with Columbus this season.
Mar 28, 2015, 6:00 PM EDT
It’ll cost him $3,897.85.
Mar 28, 2015, 5:40 PM EDT
Detroit moves five points up on Boston in the Atlantic with the win.
Mar 28, 2015, 4:38 PM EDT
Anaheim currently has the NHL’s best record as well.
Mar 28, 2015, 3:48 PM EDT
Big win for the B’s.
Mar 28, 2015, 3:25 PM EDT
The West’s first ticket gets punched.
Mar 28, 2015, 2:59 PM EDT
There’s plenty of debate about it being dirty or clean.
Mar 28, 2015, 2:49 PM EDT
The only update so far is he’s “unlikely to return.”
Mar 28, 2015, 2:18 PM EDT
A positive trend on Saturday.
Mar 28, 2015, 1:46 PM EDT
Pittsburgh killed the penalty.
Mar 28, 2015, 1:35 PM EDT
Notes from a busy Saturday afternoon.
Mar 28, 2015, 1:13 PM EDT
Nashville’s in a great position to clinch a playoff spot.
Mar 28, 2015, 12:24 PM EDT
The really busy Saturday matinee edition.
Mar 28, 2015, 12:09 PM EDT
Nashville will aim to clinch without him.
Mar 28, 2015, 11:55 AM EDT
Four teams look to punch their ticket on Saturday.
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