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it is not a compliance buy out. a compliance buy out can only be used on a player making 3 million a season or more.

BUYOUTS

During the ordinary course buyout periods in June 2013 and June 2014, teams will be permitted two compliance buyouts. Compliance buyouts follow the same formula as ordinary-course buyouts — either 1/3 or 2/3 of actual salary depending on age — but do not count against the cap. In 2013, the buyout period begins 48 hours after the Stanley Cup Final ends and concludes on July 4 at 5 p.m.

The NHL allowed teams to execute one of their two compliance buyout options prior to the 2012-13 season on players with cap hits of more than $3 million. Two teams exercised the accelerated compliance buyout option: the Montreal Canadiens on Scott Gomez and the New York Rangers on Wade Redden. The players received full pay and counted at their full cap hit for 2012-13, after which the compliance buyout payments kick in. NOTE: The $3 million minimum applied only to accelerated compliance buyouts and does not apply to normal compliance buyouts.

For one season following a compliance buyout, the player is prohibited from rejoining the team that bought him out.

I have to assume they shopped him around and there weren't any takers.
I guess his roster spot was worth more than his salary.

Crosscheck wrote:

I have to assume they shopped him around and there weren't any takers.
I guess his roster spot was worth more than his salary.

Can't they just waive him? Didn't Wade Redden got dumped that way?

sabretoothpick wrote:

Crosscheck wrote:

I have to assume they shopped him around and there weren't any takers.
I guess his roster spot was worth more than his salary.

Can't they just waive him? Didn't Wade Redden got dumped that way?

He'd have been stuffed into the minors, but who knows if the new CBA made that impossible now. I don't know if it would still count against you anymore.

Author:	ironyisadeadscene [ Thu Jul 04, 2013 12:35 pm ]
Post subject:	Re: Gerbe
it is not a compliance buy out. a compliance buy out can only be used on a player making 3 million a season or more.

Author:	Skyline_BNR34 [ Thu Jul 04, 2013 2:21 pm ]
Post subject:	Re: Gerbe
Where did you hear the 3 million or more from?

Author:	sabresindc [ Thu Jul 04, 2013 3:02 pm ]
Post subject:	Re: Gerbe
ironyisadeadscene wrote: it is not a compliance buy out. a compliance buy out can only be used on a player making 3 million a season or more. The three million is only if they wanted to use it prior to the 2012-2013 season and it would only be one compliance buyout OR they use the accelerate option http://www.capgeek.com/new-cba/ Quote: BUYOUTS During the ordinary course buyout periods in June 2013 and June 2014, teams will be permitted two compliance buyouts. Compliance buyouts follow the same formula as ordinary-course buyouts — either 1/3 or 2/3 of actual salary depending on age — but do not count against the cap. In 2013, the buyout period begins 48 hours after the Stanley Cup Final ends and concludes on July 4 at 5 p.m. The NHL allowed teams to execute one of their two compliance buyout options prior to the 2012-13 season on players with cap hits of more than $3 million. Two teams exercised the accelerated compliance buyout option: the Montreal Canadiens on Scott Gomez and the New York Rangers on Wade Redden. The players received full pay and counted at their full cap hit for 2012-13, after which the compliance buyout payments kick in. NOTE: The $3 million minimum applied only to accelerated compliance buyouts and does not apply to normal compliance buyouts. For one season following a compliance buyout, the player is prohibited from rejoining the team that bought him out.

Author:	sabretoothpick [ Thu Jul 04, 2013 6:39 pm ]
Post subject:	Re: Gerbe
Crosscheck wrote: I have to assume they shopped him around and there weren't any takers. I guess his roster spot was worth more than his salary. Can't they just waive him? Didn't Wade Redden got dumped that way?

Author:	Skyline_BNR34 [ Thu Jul 04, 2013 9:40 pm ]
Post subject:	Re: Gerbe
sabretoothpick wrote: Crosscheck wrote: I have to assume they shopped him around and there weren't any takers. I guess his roster spot was worth more than his salary. Can't they just waive him? Didn't Wade Redden got dumped that way? He'd have been stuffed into the minors, but who knows if the new CBA made that impossible now. I don't know if it would still count against you anymore.

http://www.sabresjunkie.com/forum/

Gerbe http://www.sabresjunkie.com/forum/viewtopic.php?f=3&t=7569	Page 2 of 2

Author:	Vanek_Fanatic_26 [ Fri Jul 05, 2013 8:43 am ]
Post subject:	Re: Gerbe
Skyline_BNR34 wrote: sabretoothpick wrote: Crosscheck wrote: I have to assume they shopped him around and there weren't any takers. I guess his roster spot was worth more than his salary. Can't they just waive him? Didn't Wade Redden got dumped that way? He'd have been stuffed into the minors, but who knows if the new CBA made that impossible now. I don't know if it would still count against you anymore. Under the new CBA, you can stuff up to $900,000 in the minors, but the remaining salary of the player counts against the cap. For example, last year, Tim Connolly was stuffed in the minors, but the Leafs were still on the hook for $3.6M of his $4.5M salary on the cap.

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