from Rory Boylen of Sportsnet,
Although the on-ice season is nearing its close, the off-ice season will be as busy as ever. Here are some important dates and events ahead, and some related storylines to keep an eye on.
BUYOUT WINDOW: OPENS JUNE 15 OR 48 HOURS AFTER STANLEY CUP FINAL
Any general manager tied to a terrible contract they'd prefer to escape from has an option to rid himself of it, for a price.
From the time the window opens to when it closes on June 30, general managers can buy out a player. The cost of a buyout is paid out over twice the number of remaining years on the contract and the rate is one-third of the remaining salary for players younger than 26, and two-thirds for players 26 and older. Any player who is still recovering from a regular season injury, however, cannot be bought out, and players can only be bought out after clearing unconditional waivers.
After a player is bought out, they will still count toward the team's salary cap. CapFriendly.com explains how you calculate that cap hit and you can always use their buyout calculator to run a simulation of your own:
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