Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as
Quoting: tkecanuck341
Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.
Quoting: tkecanuck341
Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.
Quoting: tkecanuck341
Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.
Quoting: tkecanuck341
Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.
Quoting: tkecanuck341
Why wouldn't a buyout be as bad? It doubles the length of the remaining cap hit. If they buy him out next summer, they have a $4M cap hit on the books for 2021-22 as well as a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.
a $667k cap hit in 2022-23. If they bury him in the AHL, they'll only have a $4.1M cap hit in 2021-22 and no cap hit in 2022-23. If he chooses not to report to the AHL and retires instead, the Kings will have a $3.27M recapture penalty for 2021-22. Buying him out doesn't make any financial sense.
If the Kings want to be rid of his contract, then the best option is to trade him. If they can't trade him for some reason and still don't want him taking a roster spot, then they should send him to Ontario. Either he reports or he doesn't, both would be better options financially for the Kings.
I'm sure Ian Cole is a fine defenseman, but he doesn't have a place on a rebuilding team. The Kings really like Anderson and he will be a mainstay on the Kings blue line for a long time.