Compliance buyouts wouldn't count towards the cap,
Michael Grange of Sportsnet reported on Thursday that the NHL has agreed to two compliance buyouts per team for the 2013-14 season, likely beginning this offseason.
The NHL’s initial offer in this round of bargaining included a one-time buyout whose money would not count against the salary cap but would count against the players’ share of hockey related revenue. That the players agreed to this “keeping money outside the system” provision, and accepted a second buyout, is a significant concession.
Then again, taking a dozen elephantine contracts off the books next season could be beneficial to the players. With the salary cap dropping – the NHL wants a $60 million cap while the NHLPA is asking for a $65 million cap – the union wants to keep its escrow withholdings from spiraling upward. The fewer teams pressed up against the upper limit of the cap, the better the chances are that escrow wouldn’t balloon.
The cap for that season might be as low as $60mil. Our big UFA is of course Edler.
Gillis is not a fan of buyouts, but he may have to do it if he wants to keep Edler. Massive speculation of Ballard being one guy, at least. The question is if he'd buyout Luongo as well.
In either case, all these teams currently over the cap are generally safe:
- Boston will buyout Savard and Thomas comes off the books, allowing them to retain Horton.
- Minny has Bouchard, Cullen and Backstrom coming off the books, but Clutterbuck is a RFA. They will be strapped with no obvious buyout candidates.
- We have several UFA's coming off the books, including Edler, Raymond, Lappy, Manny, Higgins and Alberts. We're under the cap, but then short of players. Luongo and Ballard are buyout candidates. Needless to say, our 13-14 lineup will look pretty different. Insert our plethora of prospects? Hehe.
- Calgary won't have much of a problem as Iginla and the mighty Roman Cervenka come off the books. They might buyout some guys anyway.
- Philly is strapped as usual, but they haven't let silly things like the cap bother them before.
- SJ will have enough room to retain their guys.
- Chicago is strapped still, but no overly. Hossa's status is still a question.
Honestly, it looks like our team is the team in the biggest trouble. Yay for compliance buyouts?
Edited by TOMapleLaughs, 05 January 2013 - 12:45 PM.