Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] Kings terminate Richards contract. UPD: Kings and Richards reach settlement

14 · 06-30-2015, 07:58 PM

And as an added curiousity, the buy-out window is closed, so unless the grievance resolves quickly and the Kings get a bonus buy-out window due to a player-initiated arbitration win, LA's gamble could backfire in a big way.[/QUOTE]

I do not think this is correct. Craig Button was talking about this on Leafs lunch. The only thing that needed to be done by 5pm Est today, to buy a player out, was they had to be put on unconditional waivers which the Kings did on Sunday. They followed the correct steps and then the announcement came out Monday of Breach.

My understanding of his explanation of the CBA is if any player has now passed through those waivers the team can buy them out at any time. He said that if Kings lose the greivance, if the NHLPA files one, the Kings can still buy out Richard's contract.

That is why everything we have heard about players so far is '...on waivers for purpose of buy out' not any announcements of actual buy outs yet. Teams may still decide not to buy them out.

That is my understanding of his explanation.

06-30-2015, 07:58 PM	#501
14 Crash and Bang Winger Join Date: Oct 2001 Exp:	And as an added curiousity, the buy-out window is closed, so unless the grievance resolves quickly and the Kings get a bonus buy-out window due to a player-initiated arbitration win, LA's gamble could backfire in a big way.[/QUOTE] I do not think this is correct. Craig Button was talking about this on Leafs lunch. The only thing that needed to be done by 5pm Est today, to buy a player out, was they had to be put on unconditional waivers which the Kings did on Sunday. They followed the correct steps and then the announcement came out Monday of Breach. My understanding of his explanation of the CBA is if any player has now passed through those waivers the team can buy them out at any time. He said that if Kings lose the greivance, if the NHLPA files one, the Kings can still buy out Richard's contract. That is why everything we have heard about players so far is '...on waivers for purpose of buy out' not any announcements of actual buy outs yet. Teams may still decide not to buy them out. That is my understanding of his explanation. Last edited by 14; 06-30-2015 at 08:06 PM.