Quote:
Originally Posted by gvitaly
I was wondering if anyone remembers how does a team get a negative caphit from a buyout?
I can't remember the exact conditions, for example if EDM pays Keith for a year and then buys him out. Theoretically, then EDM would have a higher caphit than salary during his stay with the team. Would a buyout result in EDM getting cap credit for a year, and CHI a penalty, followed by a year where EDM has a buyout of something like $500k?
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It’s retire. If Keith retires after next year Chicago is on the hook for 5.5 mil in cap and Edmonton actually gets 3.4 negative cap.