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Buy Out A Possibility For Thomas Vanek

from Michael Russo of the Star Tribune,

The Wild has about $9 million of salary cap space with only 15 players signed. If the Wild needs more space, which is very likely, a league source said Thursday that Fletcher has informed veteran Thomas Vanek’s agent that he may need to buy out the final year of Vanek’s contract by Thursday’s deadline.

That would free up $5 million.

“There’s been no final decision, but it’s certainly under consideration,” the source said. Fletcher, too, admitted that earlier this week.

There’s no doubt the Wild’s looking for a forward, preferably a center. The cost could be a young defenseman like Jonas Brodin or Marco Scandella, who are signed to lucrative long-term deals, or restricted free agent Matt Dumba.

“This is something that could linger through the summer or even into the fall. I think there’s going to be other opportunities this year for different reasons to make changes at a later date,” said Fletcher, referring to teams either eclipsing the cap ceiling this summer and having to later get compliant or having to set the table for next summer’s expansion draft.

more

added 3:11pm,

 

Filed in: NHL Teams, Minnesota Wild, | KK Hockey | Permalink
  Tags: thomas+vanek

Comments

Primis's avatar

It’s amazing, yet predictable, just how poorly signing guys to big contracts has worked out for the Wild.

It really hasn’t gotten them any different results than before.

Posted by Primis on 06/24/16 at 08:26 AM ET

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Maybe the Wings could help them out with their cap crunch by taking Suter off their hands *ahem*.

Posted by RyanVM on 06/24/16 at 09:20 AM ET

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It’s a bit too early to tell but how many of the big dollar long term contracts given out to UFAs have actually been worth it in the salary cap era?

Competition for quality players resulting in these contracts has created a mess for many teams. You had better be the perfect player to get 7 years, no trade clauses and huge $$$.

Posted by evileye on 06/24/16 at 11:27 AM ET

Paul's avatar

Russo just tweeted, saying his sources say Vanek will be bought out.

Posted by Paul from Motown Area on 06/24/16 at 02:11 PM ET

Paul's avatar

via the Wild,

“In order to give our team more salary cap flexibility we needed to make this difficult decision,” said Fletcher. “We thank Thomas for his time with the Minnesota Wild and wish him the best going forward.”

Vanek becomes an unrestricted free agent, eligible to sign with any team in the NHL, except Minnesota. He collected 93 points (39-54=93) in 154 regular season games with the Wild and tallied four assists in 10 playoff contests. He was signed as a free agent by Minnesota on July 1, 2014.

Posted by Paul from Motown Area on 06/24/16 at 03:55 PM ET

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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.

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