04-29-2016, 02:13 PM
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#492
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I believe in the Jays.
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Quote:
Originally Posted by burnitdown
Buyout Period 1: 48 Hours after 15/16 Playoffs End for 2016/17 contract year
Buyout Period 2: After Arbitration hearings (if you had someone go) for 2016/17 contract year
Buyout Period 3: 48 Hours after 16/17 Playoffs End for 2017/18 contract year
Expansion Draft
You can't buy out the final month of a player's contract. That window is only to get you out of next's year's contract. If we were to buyout Wideman's contract in this summer's window, it will be next year's contract affected...he'll still get full money on this year's deal until July 1.
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Okey... just to be sure I went and looked at the relevant sections of the SPC...
http://www.nhl.com/nhl/en/v3/ext/CBA...A_2013_CBA.pdf
Quote:
13. The Club, in addition to other rights hereunder, at its option, by written notice delivered
to the Player in accordance with Exhibit 3, may terminate this SPC on the following conditions:
(a) The Club shall offer the Player on Unconditional Waivers, either before or
promptly after the notice of intention to exercise the Ordinary Course Buy-Out option (herein
called "notice of termination") is given.
318
EXHIBIT 1
(b) Termination pursuant to this Paragraph shall be effective upon receipt by the
Player of the notice of termination and the Player clearing Unconditional Waivers pursuant to
Paragraph 13(a) above.
(c) The notice of termination shall be effective if given in the form attached as CBA
Exhibit 20, with a copy to the NHLPA and Central Registry as follows:
(i) beginning the later of June 15 or forty-eight (48) hours after the
conclusion of the Stanley Cup Finals and ending at 5:00 p.m. New York time on June 30; and
(ii) For Clubs who have Club or Player elected Salary Arbitration filings
pursuant to Article 12, within the forty-eight (48) hour period beginning on the third day
following the later of: (i) the Club's receipt of its last salary arbitration award; or (ii) settlement
of its last case (provided such award was received or such settlement occurred prior to 7:00 p.m.
New York time; awards or settlements that occurred or were received at or after 7:00 p.m. New
York time will be deemed to have occurred or received the following business day for purposes
of this provision).
(d) If the Club elects to terminate this SPC pursuant to this Paragraph 13, it shall be
obligated to pay to the Player, in equal semi-monthly installments, to be paid in accordance with
the payroll payment schedule applicable to the Club's Active Roster, over twice the remaining
term of the SPC (the "Buy-Out Period"):
(i) if the Player is under 26 years of age at the time the termination is
effective, an amount equal to 1/3 of, or
(ii) if the Player is 26 years of age or older at the time the termination is
effective, an amount equal to 2/3 of the total fixed amount of the Player's Paragraph 1 NHL
Salary, for the unexpired fixed-term of this SPC, reduced by any advance payment of Paragraph
1 Salary received by the Player prior to the date the termination is effective.
(e) Upon termination, the Player shall immediately be an Unrestricted Free Agent and
shall no longer be obligated to perform under this SPC.
(f) Waiver claim of Player by another Club shall pre-empt and relinquish Club's BuyOut
obligation, due to failure to clear Waivers.
(g) Clubs shall file their Buy-Out agreements, the form of which is attached hereto as
Exhibit 21, with Central Registry and the NHLPA within 24 hours of such agreements becoming
effective.
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I don't see anything that would prevent buyout period 3.
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