Quote:
Originally Posted by DeluxeMoustache
I get a kick out of the Oilers fans celebrating the ability to buy out Neal as a victory, if he stinks. Even if they do buy out Neal instead of Lucic, how great is that?
Say they both get bought out after a year -
Years up until contract expiry:
1.92 per year cap hit + 750 K spend and cap hit to Lucic = 2.67 million per year for Neal
Buyout for years after contract expiration date = 1.92 million per
Buying out Lucic:
3.6 (except 3.1 in 21-22)
625 K per year for the years after the contract expires
So they basically could save almost 1 million per year until contract expiration date (just 500 K in 21-22). Then they have a cap hit that is greater by 1.3 million per year for the following years.
That was the big win. Mild cap savings now in each age for a worse cap hit later. Way to go, losers
You have to laugh at such silliness.
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Oilers buying out Neal next season would save them about $3.8 million per season over the first three years of the buy out.
Flames buying out Lucic after one year, would give cap hits of $4.8, 3.6, $4.8, and then it drops to almost nothing.
Suppose both of these guys have dead cat bounces next year, but then degrade into non-NHL calibre over the next couple seasons after that?
If the Oilers wait until Neal has 1 year left, they pay two years at 1.9.
If you want to buy out Lucic with 1 year left you pay a cap penalty of $4.6 million and then 300k.
So while a Neal buyout isn't painless it gives the team some relief short term. The Lucic contract makes a buyout pointless.