Kukla's Korner Hockey

Kukla's Korner Hockey

Soon The Busy Off-Season Begins

05/24/2017 at 1:25pm EDT

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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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.

Email Paul anytime at [email protected]