Battlemonger

[Speculation] Could Coronavirus Lead to the Return of Compliance Buyouts?

Recommended Posts

On 4/3/2020 at 4:09 PM, qwijibo said:

There’s not a chance in hell that Montreal buys out Price.  Alzner. Sure. But Price is as safe as you can be 

Doesn't take away from the fact that contract is going to be horrendous. No goalie should be making over 7 million per. 

Share this post


Link to post
Share on other sites
3 hours ago, KKnight said:

Doesn't take away from the fact that contract is going to be horrendous. No goalie should be making over 7 million per. 

Regardless of your opinion of his contract. There is zero chance Montreal buys him out. Here’s why

The 2/3rds formula only applies to salary, not signing bonus.  $45m of the remaining $55m owed to Price is signing bonus.  So they save 2/3 of $10m. They end up paying him roughly $51 of $55m despite no longer having his services. Plus they have to pay a new starting goalie. Which more than eats up the meagre savings they get from buying him out.  Those are  real dollars.  Do you think Geoff Molson (or any owner) would be cool with paying someone $51m to not play for them? Especially a goalie who is still near the top of the league. (When healthy) 

Edited by qwijibo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.