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Report: Coyotes considering Ribeiro buyout (Update: It’s done)

Jun 27, 2014, 2:28 PM EST

After just one season in the desert, Mike Ribeiro could be on his way out.

Per TSN’s Darren Dreger, the Coyotes are considering a buyout for Ribeiro, who came to Arizona last summer as the club’s big free agent acquisition by inking a four-year, $22 million deal.

UPDATE: It’s official. Per the club…

That the team would dump Ribeiro after such a short tenure is stunning, more so given the Coyotes couldn’t use compliance buyout on him. His contract is ineligible to be amnestied because it was signed after the CBA, so his buyout is of the regular variety and the Coyotes receive minimal cap relief.

Here’s what it looks like, per CapGeek:

source:

Ribero’s first season in Arizona did not go well. He had just 47 points in 80 games — down from the 49 he scored in 48 games the year prior — and posted a career-worst minus-13 rating. His reunion with Dave Tippett (the two had history together in Dallas) didn’t go as planned, and Tippett actually made Ribeiro a healthy scratch late in the season with the club battling for a playoff spot.

“Obviously, I’m not helping much,” Ribeiro said at the time, per the Arizona Republic. “It’s up to me to play better and step up my game.”

The decision came just months after Ribeiro had a November to remember, scoring 11 points in 13 games while temporarily emerging as the club’s best center and playmaker. Since then, things went gone steadily downhill to the point where, in March, Ribeiro had nearly as many healthy scratches (two) as he did points (four).

Tippett was blunt in his assessment of what went wrong, shooting down the notion that Ribeiro’s carousel of wingers played a significant role in his decreased output.

“Really, ‘Ribs’ has to put the work in. That’s the bottom line,” Tippett said. “Everybody likes to rely on other players around them, but you gotta put the work in yourself first before you start looking at wingers.”

  1. lowenni - Jun 27, 2014 at 2:34 PM

    Ha. I’m not even surprised. Caps fans were clamping for us to resign him after the lockout season but I could tell he was overrated–truly a wizard with the puck, but just produced for us on the power play and sucked even strength. There was no way he was going to succeed in a more defensive, hard-working system like Phoenix’s. They would be better off letting him go.

  2. phillyphanatic77 - Jun 27, 2014 at 2:37 PM

    This guy still has the ability to put up 60pt seasons so if he’s bought out I don’t think it’ll be long before he finds a new home. He just didn’t seem like a fit in Arizona to start. And their top-6 is pretty questionable. Great defensive depth there but they need some help up front.

    You’d think they’d give Ribiero atleast another season to turn it around or look for a trade partner, but I guess not.

  3. stakex - Jun 27, 2014 at 2:53 PM

    This right here shows that a players value is all about perception and hype, and not based solely in on ice production.

    Derek Brassard had 45 points in 81 games, and now everyone is saying he’s going to get a huge payday… possible over $5 million a season. Ribeiro had 47 points in 80 games, on a worse team with rotating line mates, and he might be bought out of a $5.5 million a year contract? That makes very little sense to me.

    • 2qswing - Jun 27, 2014 at 3:48 PM

      excellent observation stakex. Brassard was also a top 10 draft pick and has under achieved as far as I am concerned. A slightly better than average player but Ranger fans think the sky will fall without him. And you are right, someone is going to give him a huge payday.

    • gbrim - Jun 27, 2014 at 4:09 PM

      If you watched him all season Mr. Stakex you would probably feel differently. No hustle, no defense, stupid penalties, even minor temper tantrums on the ice. Tough to watch night after night.

  4. endusersolutions2013 - Jun 27, 2014 at 3:03 PM

    Hmmm, interesting. Hawks have 4 Cs in the AHL that need another year. Hawks have therefore a short term need at 2c. He’d have much better wingers with the Hawks (Kane, Hossa, Sharp, Saad, Bickel), and Toews can only center 2. As he’s gonna have buyout $s, and an off season, likely contract would be materially less.

  5. jernster21 - Jun 27, 2014 at 3:07 PM

    Just another way to contribute to the overall monetary losses the team incurs every year. T-Minus 4 years till they can move.

  6. buffbry - Jun 27, 2014 at 3:10 PM

    Riberio for Weiss straight up!

    • rbbbaron - Jun 27, 2014 at 3:38 PM

      Yeah, I’m sure there’ll be a lot of takers for a guy who has played a total of 43 games during the last couple seasons and racked up a beastly 8 pts. Good thing Holland locked him up with a NMC until 2020, lol

  7. therealjr - Jun 27, 2014 at 4:02 PM

    They still get cap relief from the buyout, just not 100% cap relief.

    Does seem a bit odd to buy him out now. They’re never against the cap ceiling and could let him play his value back up. But that team never makes money, so this is the kind of thing they will do to save roughly $6M over three years.

    • gbrim - Jun 27, 2014 at 4:11 PM

      Might just be a rumor floated by the ‘Yotes to wake him up. Teams watching film from last year will want a ‘burned out maybe’ discount if they get a chance to sign him.

      • therealjr - Jun 27, 2014 at 5:25 PM

        Apparently not a rumor and not a money move, but still seems knee-jerk to me.

  8. lordfletcher - Jun 27, 2014 at 4:57 PM

    How has no one commented on what his wife may be saying yet?

    Remember when she opened her trap when Washington let him walk HAHA

    Going to have to look at twitter soon

  9. clayman61 - Jun 27, 2014 at 5:45 PM

    Lord Fletcher- I thought the same thing! lol..

  10. fiddytucker - Jun 28, 2014 at 1:17 AM

    jernster21 | Jun 27, 2014, 12:07 PM MST

    Way to contribute. See you at the troll fest

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