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[Speculation] Sabres Looking To Move F Evander Kane


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2 minutes ago, SabreFan1 said:

There needs to be at least 2 arbitrations for him to be buy-out eligible.

Only if it's team elected arbitration, only one is needed if it's player elected

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2 minutes ago, mpt said:

Only if it's team elected arbitration, only one is needed if it's player elected

And in Kane's case, the claim is that the Sabres would initiate.  As we know, there are no Sabres players in arbitration and none are scheduled to be.

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Just now, SabreFan1 said:

And in Kane's case, the claim is that the Sabres would initiate.  As we know, there are no Sabres players in arbitration and none are scheduled to be.

The deadline for filing for arbitration is July 5.

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@mpt

 

Here is the rule:

 

Quote

For teams with two or more arbitration filings in an offseason, an additional buyout window is available 48 hours after the team's last arbitration filing is awarded or settled. For this buyout window, there is a minimum AAV requirement on the player being bought out that varies annually. The estimated minimum for the 2015 offseason is $2,985,625. In addition to meeting this minimum AAV, the player must have been on the team's reserve list for the previous year to qualify for this buyout window. Teams can execute a maximum of 3 buyouts in this additional buyout window over the course of the entire CBA term.

http://www.generalfanager.com/buyouts

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3 minutes ago, SabreFan1 said:
logo.svg
 
 
 
 
 

BUYOUT FAQ

Teams are permitted to buyout a players contract to obtain a reduced salary cap hit over a period of twice the remaining length of the contract. The buyout amount is a function of the players age at the time of the buyout, and are as follows:
  • 1/3 of the remaining contract value, if the player is younger than 26 at the time of the buyout
  • 2/3 of the remaining contract value, if the player is 26 or older at the time of the buyout
As explained above, the buyout is spread out over a period of twice the remaining length of the contract. The team still takes a caphit, and the caphit by year is calculated as follows:
  1. Multiply the remaining salary (excluding signing bonuses) by the buyout amount (as determined by age) to obtain the total buyout cost
  2. Spread the total buyout cost evenly over twice the remaining contract years
  3. Determine the savings by subtracting the annual buyout cost from Step 2. by the players salary (excluding signing bonuses)
  4. Determine the remaining caphit by subtracting the savings from Step 3. by the players Annual Average Salary (AAV) (including signing bonuses)
The above calculation is performed for each year of the buyout, meaning the buyout caphit is not necessarily the same for each year. It is also possible that the buyout caphit can be negative, meaning the team receives a credit.
Buyout Period
The buyout period begins the later of June 15 or 48 hours after the Stanley Cup Final ends. It concludes on June 30 at 5 pm EST.
Compliance Buyout
During the buyout periods in 2013 and 2014, teams were permitted two compliance buyouts (also known as amnesty buyouts). The formula above is applied to determine the monetary amount paid to the player; however, they do not count against the cap. 

Compliance buyouts were only permitted to be executed on a contract that was entered into on or before Sept. 15, 2012. They were also permitted to be performed on a 35-plus contract. 

For one season following a compliance buyout, players were not permitted to rejoin the team which performed the buyout (this restriction does not exist for normal buyouts).
Waivers
A player can only be bought out after clearing unconditional waivers. A waiver-claim by another team pre-empts the buyout process. If a player has a no-movement clause, the player can reject the option of waivers and proceed to the buyout process.
35-plus Contracts
There is a significant amount of confusion on whether 35-plus contracts do or do not receive a cap benefit from being bought-out. It was originally believed that there is no cap-benefit; however, later in 2013 it became widely thought that there is a benefit. 

The most recent understanding is that bought out 35-plus contracts do not receive a cap hit benefit, as is explained by Michael Russo. All other details of the buyout remain the same as any other buyout; therefore, what buying a 35-plus contract does do is decrease the teams salary expenses. 

For example, Chris Phillips was signed to a 2-year 35-plus contract which began in 2014-15 and expires in 2015-16. His salary is $2.5M and his cap hit is $2.5M for both season. If Chris were to be bought out during the summer of 2015, the buyout would last twice the length of his remaining contract - 2 years, and the buyout cost each year would be $833,333. His cap hit would be $2.5M in 2015-16, and $0 in 2016-17. However, the salary expenses in 2015-16 would decrease by $1.67M from $2.5M to $833k.
Signing Bonus
Signing bonuses are paid to the player regardless of a buyout. Therefore, as explained in the buyout caphit formula above, signing bonuses are excluded in the equation when determining the total buyout cost, and are included in the AAV value when determining the remaining caphit. 

Signing bonuses therefore decrease the buyout caphit savings. In the case of players with significant signing bonuses, such as David Clarkson, the remaining caphit decreases minimally. Due to this, Clarkson's contract has been referred to as a buyout-proof contract.
Buy-outs Outside the Regular Period
Clubs whom have 1 or more arbitration filings may be permitted to perform a buyout outside of the regular window. This gives teams another opportunity to become cap compliant following an arbitration case.

As explained in Section 13(c)ii of the Standard Player Contract (SPC) [Exhibit 1 of the CBA], clubs are permitted to perform a buyout outside the regular period during the 48 hour period beginning on the third day after the final of a) settlement of the Club's final arbitration case. B) receipt of the Club's last arbitration award.

There is an exception to this buyout period (CBA Reference: Section 11.18; 12.3) if the arbitation was Club-elected (as opposed to player-elected) and the player did not receive a qualifying offer. In this case, a minimum of two arbitration cases are necessary to trigger the buy-out period outside the regular window.

The number of arbitration filings required to open the buy-out window outside the regular period are as follows:
 
Mininum Number of Arbitration Cases Required to Trigger a Buyout Window Outside of the Regular Period
Arbitration Case Min. Number of Arbitration Cases
Player-Elected 1
Club-Elected [Player received a Qualifying Offer] 1
Club-Elected [Player did not receive a Qualifying Offer] 2
 
If you are interested in determining the buyouts for your favourite players, our buyout calculator performs the above calculations in a user-friendly manner.
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2 minutes ago, SabreFan1 said:

It's saying the exact same thing that I am saying.  In Kane's case there will need to be 2 Arbitration cases, not 1.  The Sabres have 0 right now and aren't expected to undergo one this season.

Actually it's saying, if players elect arbitration, you only need 1, that window is July 5, and they have a few RFAs that are without contracts

 

Foligno

Girgensons

Ristolainen

 

 

I'm not saying it's going to happen, I don't see them buying out Kane at all, but only Buffalo knows what the plan is

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1 minute ago, mpt said:

Actually it's saying, if players elect arbitration, you only need 1, that window is July 5, and they have a few RFAs that are without contracts

Yes, but Kane isn't looking to get bought out because he'll only get 1/3 of his salary.  The Sabres have to buy him out and in order to do that, they have to go to arbitration with 2 players.  As of now they aren't expected to go to arbitration with anyone. 

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@mpt

 

I just now caught your edit.  You need to add an @ "name" so I know you made one after I responded....  Anywho:

 

Quote

Actually it's saying, if players elect arbitration, you only need 1, that window is July 5, and they have a few RFAs that are without contracts

Yes, but the player choosing arbitration after one instance of arbitration would have to be Evander Kane.  If 2 separate players or the club itself initiates 2 arbitrations in the RFA pool then the Sabres can buy him out.

 

Since we know that Kane most likely won't trigger a 1/3 salary buyout if 1 RFA player files for it, the 2 rule is in play and I cannot see the Sabres dragging 2 players into arbitration just to dump Kane.  Those RFA players won't be happy campers if they are forced to do something that they don't want.

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Adding kane to our team would make us a legit playoff team if we stay healthy. Maybe Burr, Pedan and a pick for Kane? 

 

Sedin-Sedin-Eriksson

Kane-Sutt-Hansen

Baer-Horvat-Virt

 

Or maybe

 

Sedin-Sedin-Hansen

Kane-Horvat/Sutter-Eriksson

Baer-Sutter/Horvat-Virt

 

 

 

 

 

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