I’m okay with this.
Cap is expected to go up when the OEL penalty hits us the hardest. if management can just be competent in cap management, we can survive.
As well, this increases Garland and Boeser’s trade value. We now don’t need to scramble and pay someone to take one of these contracts. Teams won’t feel the need to try and take advantage anymore because of our new existing cap space.
Another positive is that we can now also take back 1 year cap dumps inexchange for prospects or picks.
Buying out OEL was an inevitability if we wanted to legitimately try and ice a competitive team within the next 2 years. Whether we bought him out this year, next year, or 2 years from now, we would still only save $3M for those two years where the cap penalty hits the most. A $2.1M penalty whether it was an extra year, two, or three is easy to navigate considering the cap will be 100M by then.
Even at 50% retained, OEL would cost us 1st round picks and our younger assets which this team cannot afford to give up if they’re trying to be competitive in the same time frame. OEL buyout had to happen. It is better it happened this year where we have an immediate $7M to work, because, indirectly, our other moveable assets were losing value and becoming increasingly hard to move due to the non existing cap space in the first place, largely due to OEL.