Jun 15, 2014, 9:09 AM EDT
The unrestricted free agent market won’t open until July 1, but some big names could be available sooner. That’s because the window for exercising teams’ remaining compliance buyouts will start Monday and run through June 30, per CSN Washington.
Compliance buyouts are a special option that teams were granted as part of the new CBA to help them cope with the fact that the new agreement was lowering the cap. Each franchise was allowed to buy out the contracts of up to two players over the summers of 2013 and 2014 without suffering any cap penalty.
For some teams, this summer’s compliance buyout window represents their last chance to safely get out of long-term contracts that could hurt them down the road, especially given the recapture penalty that punishes teams when players signed to long-term, heavily front-loaded deals retire with years remaining.
One prime example of that is New York Rangers forward Brad Richards, who is 34 years old and comes with a $6,666,667 annually cap hit through 2019-20. Los Angeles Kings forward Mike Richards might find himself in the same boat as his role has diminished despite the fact that he’ll cost $5.75 million annually against the cap through 2019-20.
Not all the compliance buyouts will be on big names though. It seems likely that Detroit will buy out the contract of Jordin Tootoo while San Jose’s Martin Havlat and Buffalo’s Ville Leino will also probably be wearing new uniforms in 2014-15.
It’s worth noting that while these buyouts don’t count against the cap, those players will still receive two-thirds of what was owed, with the payments spread out over double the remaining length of his contract. For example, the Flyers are also paying bought out goaltender Ilya Bryzgalov roughly $1.6 million annually through 2026-27 in addition to consistently spending to the cap.
So while compliance buyouts are a helpful tool for teams to utilize, they also require that owners make a financial sacrifice.
Sep 3, 2015, 11:42 AM EDT
Where he worked with — wait for it — current Minnesota starter Devan Dubnyk.
Sep 3, 2015, 10:53 AM EDT
In a shocking development, “money and term” are the sticking points.
Sep 3, 2015, 10:03 AM EDT
He could face up to five years in prison.
Sep 3, 2015, 9:00 AM EDT
It would mark a record for the sale of a U.S.-based NHL team.
Sep 3, 2015, 8:00 AM EDT
Thursday’s collection of links.
Sep 2, 2015, 11:30 PM EDT
Bakersfield and Stockton will play in West Sacramento, Calif. on Dec. 18.
Sep 2, 2015, 10:00 PM EDT
As many as five teams are reportedly interested in acquiring the 26-year-old.
Sep 2, 2015, 8:45 PM EDT
He was expecting a two or three year contract.
Sep 2, 2015, 5:00 PM EDT
The 26-year-old refuted an Ilta-Sanomat story.
Sep 2, 2015, 3:35 PM EDT
The 23-year-old appeared in 38 games with Chicago last season.
Sep 2, 2015, 1:57 PM EDT
“I’m a realist. If nothing happens, that’s the way it is.”
Sep 2, 2015, 12:34 PM EDT
Can he beat out Cam Talbot and Ben Scrivens?
Sep 2, 2015, 12:05 PM EDT
“I know that it’s not just me that feels I can be a lot better and be the player that I know I’m going to be and I want to be.”
Sep 2, 2015, 11:47 AM EDT
Another diamond in the rough?
Sep 2, 2015, 10:59 AM EDT
He also wanted them to get swept in the opening playoff round against Nashville, apparently.
Sep 2, 2015, 9:54 AM EDT
After missing most of last season with a back injury.
Sep 2, 2015, 9:00 AM EDT
It will be raised before the home opener on Oct. 10.
Sep 2, 2015, 8:00 AM EDT
Wednesday’s collection of links.
Sep 1, 2015, 10:11 PM EDT
They were near the bottom of the league in that regard last season.
- Ex-‘Hawks goalie Raanta tees off on former club 31
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls 117
- Hawks’ biggest question: What happens with Patrick Kane? 81
- Hall of Famer Al Arbour passes away 22
- Poll: Who will be San Jose’s next captain? 24
- Mike Richards charged with possession of controlled substance 95
- Gio won’t go: Flames extend Giordano for six years, $40.5M 13
- Pens’ plan for now: Crosby starts as Kessel’s center 25
- O, Dear: Russia fined $85K for skipping Canadian anthem 31
- Kings ink Ehrhoff to a one-year, $1.5 million deal 27
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls (117)
- Mike Richards charged with possession of controlled substance (95)
- Hawks’ biggest question: What happens with Patrick Kane? (81)
- Lucic jokes about running through Rask ‘like I did (to) another goalie’ (42)
- It’s Chicago Blackhawks day at PHT (40)