Hi folks!
I'm working writing a new fiction project, that includes a character who is an ex-NHL goalie. The back story is that he was bought-out of a large contract. The story takes place in a little imaginary town in the East Kootenays, and this wealthy odd-ball ex-Goalie is one of the town characters.
I want to make sure that I've got the details of his contract buy-out straight for myself.
I've written a little summary of his fictional contract and the details around the buy-out. These details may not necessarily appear in the text, but I want to make sure that they're accurate according to the actual, real-world CBA.
Do any of the armchair cap-ologists or CBA experts on this board mind having a look and providing feedback for me? It would help me tremendously!
Here's the summary:
Quote:
In the summer of 2007 Ray Gourde signed a 7 year $42.25M contract with an annual cap hit of $6.04M. The front-loaded contract paid him a real salary of $8.5M for the 2007-08 season, making him the fourth highest-paid player in the league, and the highest paid goalie.
Gourde’s contract was bought out by the team in the summer of 2009. The ordinary course buy-out left Gourde receiving 2/3rds of the remaining $25.75 over the next ten years, meaning Gourde will be on the team’s payroll (and salary cap) for $1.6995 annually until the summer of 2019.
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Again, this text won't necessarily appear as-written in the story, but will be my reference piece for consistency and realism. Thanks in advance for your feedback!