Kukla's Korner Hockey

Kukla's Korner Hockey

Buyout Candidates

03/21/2020 at 7:42am EDT

from David Staples of the Edmonton Journal,

There’s no shortage of unknowns about the world, including the smaller question of unknowns about the immediate future of the National Hockey League. But what we do know is that the NHL is likely to take a massive short term hit in terms of revenues, and that this may force the league to do something it hasn’t done since the 2012-13 lock-out: allow for compliance buyouts.

NHL insider Brian Burke talked about this possibility with Bob Stauffer on Oilers Now this week: “I’ve heard discussion of compliance buyouts to help teams get to this new cap, to solve some of their problems. Which they gave in the last CBA, each team got two cap-compliance buyouts which were exempt from the cap. I’ve heard talk of that.”

When a player is bought out under the Collective Bargaining Agreement now, a percentage of his contract is paid out to him over time, and that amount still counts against a team’s salary cap....

Who might the Edmonton Oilers and other teams buy out if there’s a compliance buyout scheme this year?

That will come down to numerous factors, with perhaps the most important factor being the willingness and ability of a team owner to pay out a buyout, then replace that salary on the team. Given the financial hit folks are taking right now, some owners may not be willing to do so.

read on, candidates mentioned...

via Newsday, The following is a list of players with contracts signed for the 2005-06 season, earning more than $2 million after the 24 percent salary rollback. These players may be bought out by their current teams through July 29. Players who are bought out may not re-sign with their current teams for next season.

Create an Account

In order to leave a comment, please create an account.

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]