Quote:
Originally Posted by dammage79
Sorry for my daftness regarding regular buyouts. But is the full cap hit of the contract effecting the cap in a buyout? Because that would be useless if it did. Why pay a guy to go away while his money still counts against the cap?
If it is only a percentage, then yeah I could definitely see T.O drops Liles and re-sign Franson and Kadri. Not sure what the situation is with Stepan and the Rangers.
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I'm sure someone will come along with the details shortly, but if you buy out a player, the total money is reduced (something like 2/3 of the remaining contract IIRC), and it's spread out over something like double the remaining length of the contract, so the cap hit lastsonger but it greatly reduced.
So if you owe a guy $3m for 2 years and buy him out, you pay him maybe $4m total instead of $6m, and his cap hit would be something like $1m per year ($4m over double he contract length, which is 4 years).
I'm probably wrong in some of the details, but that's basically how it works.
You pay less money, and the cap hit is reduced (but lasts longer).