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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2/3 buyout over twice the length of the remaining contract.
to simplify say Cammalleri was being bought out. He has 6 million and 1 years remaining. Meaning 2/3 ($4 million) would be spread out over 2 years.
it gets tricky for multi-year deals because each individual year is bought out at 2/3 over 2 years.
So to use Cammalleri as an example againm hypothetically if he had a 2nd year remaining @ 3 million the buyout on the 2nd year would be $2 million over 2 years so in total it would be;
year 1 and 2: $2 million
year 3 and 4: $1 million
or at least that is my understanding anyways.