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Are The Oilers Planning To Buy Out Souray?

from Jim Matheson of the Edmonton Journal,

Sheldon Souray’s agent Paul Theofanous says he has yet to hear from the Edmonton Oilers on whether they plan to buy out the last year of his client’s contract and salary-cap hit with the buyout window opening next Wednesday. But it’s likely coming.

If the New York Rangers are buying out their injury-riddled captain Chris Drury at two-thirds of his $5-million US salary (two thirds of his $7.05 million cap hit), the Oilers can likely do the same with Souray, who spent all of last season on loan to the Hershey Bears, the American Hockey League affiliate of the Washington Capitals.

June 15 kicks off a two-week period when NHL teams can partially extricate themselves from contracts they don’t like. In Souray’s case, it’s two-thirds over his $4.5 million salary and two-thirds of his $5.4 million cap hit for this upcoming season.

continued

Filed in: NHL Teams, Edmonton Oilers, | KK Hockey | Permalink
  Tags: sheldon+souray

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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