Jun 27, 2013, 9:15 AM EST
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
Nov 29, 2014, 12:58 AM EST
Buffalo scored the game-winner during the ensuing power play.
Nov 28, 2014, 11:59 PM EST
Alex Pietrangelo had 10 shots on goal, which was almost as much as Edmonton.
Nov 28, 2014, 11:37 PM EST
Ottawa has a rough schedule ahead of it.
Nov 28, 2014, 11:07 PM EST
The Red Wings have now won three straight contests.
Nov 28, 2014, 10:42 PM EST
Hope seems like a distant memory.
Nov 28, 2014, 10:11 PM EST
They’ve moved past their disappointing 2013-14 campaign.
Nov 28, 2014, 9:48 PM EST
Pittsburgh has been dominant outside of its division.
Nov 28, 2014, 9:16 PM EST
Not his finest moment.
Nov 28, 2014, 9:00 PM EST
He’s also approaching fifth place on the points leaderboard.
Nov 28, 2014, 8:02 PM EST
You don’t see many goals that look like this.
Nov 28, 2014, 7:27 PM EST
That’s on top of Johnny Boychuk’s injury.
Nov 28, 2014, 6:58 PM EST
“We just didn’t execute tonight.”
Nov 28, 2014, 6:10 PM EST
The Blackhawks defenseman was able to stay in the game.
Nov 28, 2014, 5:18 PM EST
He was quite composed when he said it, for the record.
Nov 28, 2014, 5:03 PM EST
Anaheim forward didn’t take another shift for the remainder of the opening frame.
Nov 28, 2014, 4:54 PM EST
Veteran d-man wasn’t playing much for Tampa Bay.
Nov 28, 2014, 4:15 PM EST
Oilers looked better last night in Nashville.
Nov 28, 2014, 4:04 PM EST
Cam Talbot shuts the door again, Blueshirts win 3-0.
Nov 28, 2014, 4:00 PM EST
“Just that idea destroys the whole credibility of an organization.”
Nov 28, 2014, 3:41 PM EST
Even after Semyon Varlamov returns from injury.
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