zzeke
Undrafted rookie

Posts: 13

Briere Could Ruin Amnesty Buyout Plan Mar 25, 2013 20:13:46 GMT -5

Quote

Post by zzeke on Mar 25, 2013 20:13:46 GMT -5

A major setback in the plan to re-tool this Flyers team for next season -

Briere being out indefinitely with a concussion (hit on the boards in Saturday's practice), put's him in the driver's seat to avoid being one of the two Flyers' Amnesty Buyouts this summer.

We all know how nebulous concussion symptoms, and concussion diagnosis, can be. All Briere has to do, for he and his family to stay here in Haddonfield, is to state concussion symptoms and have a doctor concur.

By doing this, being an injured player, and by CBA Rules, Briere can't be an Amnesty Buyout (at 2/3 salary). He could "hold" his injured state up to next season's October start. He would get to keep his entire salary, and this would force Homer to put him on the LTIR next October if he is still considered injured. But, when he is ready to come off the LTIR anytime next season, Homer would have to take-on Briere's entire Cap Hit.

Therefore, if this plays out, this summer Homer loses the 6.5 M Cap relief that he was counting on from Briere's Amnesty Buyout.

Now, Homer may have to consider using his two Amnesty Buyouts on Bryzgalov (5.667 M) and Timonen (6.333 M) to:

1) get under the new low NHL Cap of 64.3 M

2) sign key quality UFAs and

3) make trades for higher Cap players.

I'm not saying that Briere would purposely do that, but, he is in the drivers seat.

Excerpts from interesting related articles are below.

Teams get two amnesty buyouts over next two summers

Ryan Dadoun

Jan 6, 2013

>> NHL clubs will have to adjust to a $64.3 million salary cap in 2013-14 as part of the tentative new CBA, but they will each get two amnesty buyouts to help them through the transition, according to CP’s Chris Johnston and Sportsnet’s Nick Kypreos.

The debate on which players will be bought out will start immediately, but teams don’t need to rush to a decision. NHL franchises will be allowed to use the buyouts starting this summer and they will also have the opportunity to exercise them during the 2014 off-season. They can buy out two players simultaneously or spread them out if they wish.

The players bought out will still receive two-thirds of what’s left on their contract, but those costs will not count towards the salary cap. <<

Full article:

prohockeytalk.nbcsports.com/2013/01/06/teams-get-two-amnesty-buyouts-over-next-two-summers/

TSN

LEGAL LOOK: LESS COURTESY, MORE CONCESSION IN NEW BUYOUTS

ERIC MACRAMALLA, TSN LEGAL ANALYST

1/17/2013 9:45:05 AM

>> This past Sunday, Montreal Canadiens general manager Marc Bergevin announced he was sending Scott Gomez home, with pay, for the entire season. Gomez is slated to make $5.5 million this season, while his contract carries a cap hit of $7.357 million.

Gomez was being sent home so the Canadiens could preserve its option to exercise an amnesty buyout on his contract next season. Under the terms of the new CBA, teams are provided with a total of two amnesty buyouts ahead of the next two seasons. Once bought out, the player's cap hit won't count against the salary cap. This is new. Under the old CBA, a buyout counted against a team's salary cap. So the amnesty buyout is designed to act as a relief valve for teams, particularly with the salary cap dropping from $70.2 million this season to $64.3 million next season.

The catch, though, is that an injured player can't be bought out. So that's why the Canadiens sent Gomez home. They wanted to avoid a situation where he got injured, thereby precluding the amnesty buyout. He was effectively being bubble-wrapped in advance of next season's amnesty buyout. <<

>> So that brings us to Tuesday January 15. The NHL and NHLPA announced a deal permitting each team to buyout one player before this Saturday. The buyout would count as one of the two amnesty buyouts. Players who are bought out before the season starts become unrestricted free agents, eligible to sign with any team. The player's full cap hit for the 2012-13 season still counts against the team's cap.

This was all captured in a letter from Deputy Commissioner Bill Daly to the NHLPA on Tuesday. Here are the details from that letter:

(a) All teams are eligible to exercise a maximum of one buyout before the season starts, and that buyout would count against the allotted two amnesty buyouts per team.

(b) In order to be eligible to be bought out now, the player must have a cap hit of at least $3 million.

(c) Before a player can be bought out, he must be placed on waivers by Thursday January 17, 2013 (Both Gomez and Redden have been placed on waivers).

(d) The player has to consent to being bought out by Friday, January 18, 2013.

(e) A player being bought out gets paid his salary for this season (pro-rated to account for the compressed schedule).

(f) The player's cap hit still counts against the team buying out the player. So the Gomez contract for this season will count against the Canadiens salary cap. If the player is sent to the minors before the buyout, the team enjoys a $900,000 discount on the cap hit. Both Redden and Gomez were sent to the minors first, so their cap hits have been discounted to $5.6 million and $6.5 million, respectively. <<

Full article:

www.tsn.ca/nhl/story/?id=413753

Last Edit: Mar 25, 2013 20:17:58 GMT -5 by zzeke

Tags27 Administrator Supremacy of Self Posts: 604	Briere Could Ruin Amnesty Buyout Plan Mar 25, 2013 21:15:54 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Tags27 on Mar 25, 2013 21:15:54 GMT -5 There's little to no chance Timonen is bought out.
	Who's got more heart than you? NO ONE!

ganryu Moderator Posts: 218	Briere Could Ruin Amnesty Buyout Plan Mar 25, 2013 21:41:39 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by ganryu on Mar 25, 2013 21:41:39 GMT -5 if Briere is back before the deadline and dealt I think the most likely buy out players are Bryz and Meszaros

88 AHL regular Posts: 172	Briere Could Ruin Amnesty Buyout Plan Mar 25, 2013 23:15:48 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by 88 on Mar 25, 2013 23:15:48 GMT -5 agree with tags no way is kimmo getting bought out

Tags27
Administrator

Supremacy of Self

Posts: 604

Briere Could Ruin Amnesty Buyout Plan Mar 26, 2013 8:22:30 GMT -5

Quote

Post by Tags27 on Mar 26, 2013 8:22:30 GMT -5

Mez won't be bought out either.....it just doesn't make any sense to buyout a player with only a year left on his deal. And besides....with how valuable defense is in the NHL there's a team out there that would give a 2nd or 3rd for him.

Who's got more heart than you? NO ONE!

ganryu Moderator Posts: 218	Briere Could Ruin Amnesty Buyout Plan Mar 26, 2013 21:40:37 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by ganryu on Mar 26, 2013 21:40:37 GMT -5 after watching Mezsaros for the last several games we would be lucky to get a pack of juicy fruit and a bootleg VHS copy of House Party 2 for him

MAG22 Moderator Posts: 251	Briere Could Ruin Amnesty Buyout Plan Mar 27, 2013 8:24:29 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by MAG22 on Mar 27, 2013 8:24:29 GMT -5 If the Pens can get Murray for 2 2nd round picks Meszaros is worth something more than that if you ask me
	You set em up, we'll knock em down!

Briere Could Ruin Amnesty Buyout Plan

Post by zzeke on Mar 25, 2013 20:13:46 GMT -5

Teams get two amnesty buyouts over next two summers

Post by Tags27 on Mar 25, 2013 21:15:54 GMT -5

Post by ganryu on Mar 25, 2013 21:41:39 GMT -5

Post by 88 on Mar 25, 2013 23:15:48 GMT -5

Post by Tags27 on Mar 26, 2013 8:22:30 GMT -5

Post by ganryu on Mar 26, 2013 21:40:37 GMT -5

Post by MAG22 on Mar 27, 2013 8:24:29 GMT -5