And if we have a buy out left but still need to drop $4-5M after Ballard is dropped and Luongo traded, who would you pick? That's the only real argument for dropping him, is if we have no other choice in order to get under $60M next year but still be able to re-sign Edler and our other up and comers.
Honestly, I don't think the talk about what happens if buyouts are allowed are firmly rooted in reality. People act like this is a situation that is only happening to the Canucks. Ultimately buyouts make very little sense because of the following:
High spending teams are forced to buyout good players. Those players are then expected to take a smaller paycheck to play somewhere else. Their market value is going to plummet. Bettman seems to think this means teams will then be able to scoop up a sweet deal for a capable player to replace the one they bought out. Sure, some guys are a little overpaid but the Reddens and Gomezs of the NHL are a tiny minority.
Poorer teams will not use the buyouts as most of them don't have players with sizable contracts and can't afford to buyout the few that do (DiPietro). Their low profits will likely also mean that they won't have the money to be picking up players who used to make what their first liners each make. Mid level teams will now be near the cap. Shedding a contract to pick up someone else may work out, but when you add the cost of a buyout to the new player's salary, it's not such a nice deal. Many will not feel its worth the risk and/or cost. Finally you have high spending players just ditching good players and having holes to fill with...what? There isn't another Booth that we can get for cheap. We'd be lucky to get a decent 4th liner and subsequently bumping our other players up to fill the space.
We end up with a significantly worse team and other teams don't get much better and good players are left with no jobs because no one can afford to pick them up. It's just a crap scheme and I can see why Gillis doesn't like buyouts. The smart thing to do is simply negotiate a more slowly declining cap and have each team resign players for their new, lower market value as their contracts expire. Anything else is just pointless and hurts the game without putting much money back in owners' pockets.
Edited by nateb123, 05 January 2013 - 04:04 AM.