09-11-2019, 02:32 PM
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#1
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Flames sign Michael Stone to 1 year deal ($700k)
https://www.nhl.com/flames/news/flam...ne/c-309064954
Quote:
The Flames announce today that they have signed defenceman Michael Stone to a one-year contract.
TERM: One year
AAV: $700,000
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09-11-2019, 02:32 PM
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#2
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Taking a while to get to 5000
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Whaaaaa?
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09-11-2019, 02:33 PM
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#3
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Acerbic Cyberbully
Join Date: Aug 2003
Location: back in Chilliwack
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Well. That's interesting.
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09-11-2019, 02:33 PM
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#4
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First Line Centre
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wut
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09-11-2019, 02:33 PM
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#5
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Franchise Player
Join Date: Feb 2007
Location: Calgary, AB
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Sooo I thought this wasn't allowed in the CBA...
So Stone was due to get paid $3.5M this season.
We bought him out at a hit of ~$1.2M this season and next. Then re-sign him for $700k.
So we end up saving $1.6M this year, to take on a hit of $1.2M next year.
Interesting piece of business.
Last edited by SuperMatt18; 09-11-2019 at 02:36 PM.
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09-11-2019, 02:34 PM
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#7
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Franchise Player
Join Date: Oct 2001
Location: Vancouver
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Someone has some splainin to do.
__________________
"A pessimist thinks things can't get any worse. An optimist knows they can."
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09-11-2019, 02:34 PM
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#8
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Franchise Player
Join Date: Jun 2011
Location: Austria, NOT Australia
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I never imagined this was allowed. Wow.
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09-11-2019, 02:35 PM
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#9
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Franchise Player
Join Date: Dec 2005
Location: Moscow
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Quote:
Originally Posted by SuperMatt18
Sooo I thought this wasn't allowed in the CBA
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Scorpion is working to confirm.
__________________
"Life of Russian hockey veterans is very hard," said Soviet hockey star Sergei Makarov. "Most of them don't have enough to eat these days. These old players are Russian legends."
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09-11-2019, 02:35 PM
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#10
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First Line Centre
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So they were that desperate to get out of his 3.5m salary? I'm not disappointed because I do think he's a decent defenceman for the bottom end of the lineup, certainly surprised though.
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09-11-2019, 02:35 PM
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#11
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Crash and Bang Winger
Join Date: Jul 2013
Location: Not Beltline
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Quote:
Originally Posted by SuperMatt18
Sooo I thought this wasn't allowed in the CBA
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I think getbak cleared this up in one of the many other threads that it only applies to compliance buyouts and this isn't a compliance buyout.
Last edited by BeltlineFan; 09-11-2019 at 02:37 PM.
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09-11-2019, 02:36 PM
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#12
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Quote:
Originally Posted by SuperMatt18
Sooo I thought this wasn't allowed in the CBA
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Nothing in the CBA that explicitly forbids it.
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09-11-2019, 02:36 PM
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#13
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Franchise Player
Join Date: Feb 2010
Location: Park Hyatt Tokyo
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FlamesAreOne was right. Hmmmm.
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09-11-2019, 02:36 PM
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#14
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#1 Goaltender
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Didn't think this was legal. Hopefully no o'Reilly offer sheet scenarios come out of this. If legit we turned stone deal into about 1.8 vs 3.5?
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09-11-2019, 02:36 PM
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#15
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First Line Centre
Join Date: Nov 2003
Location: Calgary
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I believe the restriction on signing players after buying them out related to compliance buy-outs, not regular ones. Have not done sufficient research to prove this, but Capfriendly's FAQ seems to be specific to the compliance ones with it:
https://www.capfriendly.com/buyout-faq
Quote:
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Originally Posted by CapFriendly
Compliance buyouts were only permitted to be executed on a contract that was entered into on or before Sept. 15, 2012. They were also permitted to be performed on a 35-plus contract.
For one season following a compliance buyout, players were not permitted to rejoin the team which performed the buyout (this restriction does not exist for normal buyouts).
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09-11-2019, 02:36 PM
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#16
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Powerplay Quarterback
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So.... how much are we paying him to play for us now?
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09-11-2019, 02:37 PM
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#18
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Franchise Player
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Oh hi again.
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09-11-2019, 02:38 PM
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#19
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#1 Goaltender
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Quote:
Originally Posted by sureLoss
Nothing in the CBA that explicitly forbids it.
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Well this is a great move imo. This imo allows us to explore brodie deals again.
Stone is a good 3rd pairing guy til valimaki gets back
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09-11-2019, 02:38 PM
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#20
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Lifetime Suspension
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I suppose they could do this for Frolik as well, unless someone picks him up for more money.
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