Quote:
Originally Posted by lazypucker
Yeah, but realistically, why would a team trade for a player and then buys him out immediately?
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Because of the asset that goes along with the to-be-bought-out player and the cap reduction for the team trading away.
Eg. Flames trade a 7th round pick in 2015 to Tampa for VLc and the #3 pick in this week's draft. Flames owners buy him out right away, paying out VLc for however many number of years out of their own pockets, with no team cap hit.
Vlc doesn't change addresses, and gets signed to a 3 year $6 mil deal from Tampa...collecting that on top of Murray Edwards' money. Tampa reduces their cap hit significantly.
Flames essentially have bought the 3rd overall pick with no lost assets or cap hit.
Not sure about suddenly worrying about the spirit of cap circumvention in this situation...the whole principle of the non compliance buyouts in essence, is cap circumvention. And each team only has 2 to use, so this isn't going to be a free-for-all.