Quote:
Originally Posted by sureLoss
If he gets fired and then hired by another team, Carolina needs to pay the difference in salary if his new salary was less than what the Canes were paying him for however long he still has on his contract.
At least that is the standard in the NHL. Not sure if they have added additional clauses to his contract or if they withhold permission to talk to other teams unless he waives.
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This is for the other two posters as well questioning how this works. As sureloss mentions, this is normally the case.
However, my source was very specific, Peter’s controls this option 3rd year. He’s currently negotiating his cash settlement for this final year. It’s complicated and taking time. The options are to stay and collect 1.6million which he absolutely wants no part of and the new owner doesn’t want to pay him all the money either. If he stays and gets fired he’d get his money but would forfeit that when a team hires him. Because Peter’s doesn’t want to coach but could stay and collect 1.6 mil, combined with the owner not wanting to pay 1.6 mill, they are settling on a lesser number. This payout will be in Peter’s pocket, regardless of getting a new job with another team. The option is all his.