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Old 09-11-2019, 02:32 PM   #1
sureLoss
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Flames Flames sign Michael Stone to 1 year deal ($700k)

https://www.nhl.com/flames/news/flam...ne/c-309064954

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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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Old 09-11-2019, 02:32 PM   #2
Toonage
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Whaaaaa?
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Old 09-11-2019, 02:33 PM   #3
Textcritic
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Well. That's interesting.
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Old 09-11-2019, 02:33 PM   #4
colbym72
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wut
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Old 09-11-2019, 02:33 PM   #5
SuperMatt18
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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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Old 09-11-2019, 02:33 PM   #6
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Old 09-11-2019, 02:34 PM   #7
FlamesAddiction
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Someone has some splainin to do.
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Old 09-11-2019, 02:34 PM   #8
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I never imagined this was allowed. Wow.
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Old 09-11-2019, 02:35 PM   #9
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Quote:
Originally Posted by SuperMatt18 View Post
Sooo I thought this wasn't allowed in the CBA
Scorpion is working to confirm.
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Old 09-11-2019, 02:35 PM   #10
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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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Old 09-11-2019, 02:35 PM   #11
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Quote:
Originally Posted by SuperMatt18 View Post
Sooo I thought this wasn't allowed in the CBA
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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Old 09-11-2019, 02:36 PM   #12
sureLoss
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Quote:
Originally Posted by SuperMatt18 View Post
Sooo I thought this wasn't allowed in the CBA
Nothing in the CBA that explicitly forbids it.
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Old 09-11-2019, 02:36 PM   #13
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FlamesAreOne was right. Hmmmm.
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Old 09-11-2019, 02:36 PM   #14
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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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Old 09-11-2019, 02:36 PM   #15
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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

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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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Old 09-11-2019, 02:36 PM   #16
Stud_McCool
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So.... how much are we paying him to play for us now?
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Old 09-11-2019, 02:37 PM   #18
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Oh hi again.
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Old 09-11-2019, 02:38 PM   #19
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Quote:
Originally Posted by sureLoss View Post
Nothing in the CBA that explicitly forbids it.
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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Old 09-11-2019, 02:38 PM   #20
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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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