Buyout Rules, Please?

[timothy]

Someone who knows their way around the CBA remind me of the rules about buying out a player's contract.

Thanks!

[Sotnos]

2/3's of the remaining salary (1/3 if player is under 26yo) paid out over 2x the remaining number of years on the contract.

source (http://hfboards.com/showpost.php?p=5685240&postcount=4) is one of the cba junkies from HF who knows his stuff.

[Randy]

Obviously you're talking about Denis. By my calculations it would cost the Bolts 1 mil a year for 2 years against the cap. Denis is scheduled to get 3 mil next season. That's where I got the 2 mil figure from. He has one year left on his contract so that's where I got the 2 from.

[ThorBolt]

The following is from the NHL CBA:

If the Club elects to terminate this SPC pursuant to this Paragraph 13, it shall be obligated to pay to the Player, in equal semi-monthly installments, to be paid in accordance with the payroll payment schedule applicable to the Club's Active Roster, over twice the remaining term of the SPC (the "Buy-Out Period"):
(i) if the Player is under 26 years of age at the time the termination is effective, an amount equal to 1/3 of, or
(ii) if the Player is 26 years of age or older at the time the termination is effective, an amount equal to 2/3 of the total fixed amount of the Player's Paragraph 1 NHL Salary, for the unexpired fixed-term of this SPC, reduced by any advance payment of Paragraph 1 Salary received by the Player prior to the date the termination is effective.

[timothy]

2/3's of the remaining salary (1/3 if player is under 26yo) paid out over 2x the remaining number of years on the contract.

source (http://hfboards.com/showpost.php?p=5685240&postcount=4) is one of the cba junkies from HF who knows his stuff.

And how is the cap hit calcuated?

[Sotnos]

And how is the cap hit calcuated?
it's the amount being paid afaik, like what randy said

[timothy]

Thanks... my question is not so much about Denis as there are rumblings in the NAS press that the Predators are considering buying out Chris Mason's 2yr, $6M contract extension that was given to him before he played a single game as the #1 after Vokoun's departure.