Quote:
Originally Posted by Vox
Conversely (and this may have been covered by I couldn't find it anywhere), could a team buy out their own expensive contracts and immediately re-sign the player at a discount. For instance, could Vancouver buy out the Sedin's $6M contracts for 2/3 ($4M) and re-sign them for $2M each. They make the same amount of money, and Vancouver shaves 2x$4M off their cap hit. Or for longer term relief buy out Edler at 2/3 of his $5M multiyear contract, and re-sign him at 1/3. They would save $3.3M per year for the duration of his contract.
Is there any rule against re-signing your own bought out player? If there is not, I could see a lot of the richer teams buying out longer term contracts on the understanding the player re-signs immediately. I've been wondering this for a while.
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Off the top of my head - I think I heard you have to wait a full year??