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Greatestgame22

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Forum: NHL SigningsSep. 11, 2019 at 5:00 p.m.
Thread: Calgary Flames signed Michael Stone (1 Year / $700,000 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>rivenate</b></div><div>Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than expected cap value, regardless of the player's age. After using an compliance buyout on a player, that player is prohibited from rejoining the team that bought him out for one year; the NHL deemed that the re-signing of a player following a trade and a subsequent compliance buyout would be ruled as cap circumvention.



Following the 2012–13 NHL lockout each team was granted one accelerated compliance buyout in order for teams to meet the lowered salary cap. This could be used on a player with a salary cap hit of US$3 million or more before the regular season began. If an accelerated compliance buyout is used, that team will only have one more compliance buyout left, and they must use it after the completion of the 2012–13 season (and before the start of 2013–14 season). The player's cap hit is applied in full to the team's salary cap for the 2012–13 season, but for no season after, regardless of contract length.

^ from wikipedia.

So if I'm understanding correctly, they can do it once.</div></div>

Wow, I did not know that. And it looks like it can be done once per team so Calgary for the rest of their tenure in the league can not do this anymore interesting...
Forum: NHL SigningsSep. 11, 2019 at 5:00 p.m.
Thread: Calgary Flames signed Michael Stone (1 Year / $700,000 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>rivenate</b></div><div>Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than expected cap value, regardless of the player's age. After using an compliance buyout on a player, that player is prohibited from rejoining the team that bought him out for one year; the NHL deemed that the re-signing of a player following a trade and a subsequent compliance buyout would be ruled as cap circumvention.

Following the 2012–13 NHL lockout each team was granted one accelerated compliance buyout in order for teams to meet the lowered salary cap. This could be used on a player with a salary cap hit of US$3 million or more before the regular season began. If an accelerated compliance buyout is used, that team will only have one more compliance buyout left, and they must use it after the completion of the 2012–13 season (and before the start of 2013–14 season). The player's cap hit is applied in full to the team's salary cap for the 2012–13 season, but for no season after, regardless of contract length.

^ from wikipedia.

So if I'm understanding correctly, they can do it once.</div></div>

I think you may have it wrong but Im also 100% not sure either ahahha
Forum: NHL SigningsSep. 11, 2019 at 4:56 p.m.
Thread: Calgary Flames signed Michael Stone (1 Year / $700,000 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>Rooney</b></div><div>Same! I thought the team that bought you out couldn't re-sign you for at least a year?</div></div>

Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than expected cap value, regardless of the player's age. After using an compliance buyout on a player, that player is prohibited from rejoining the team that bought him out for one year; the NHL deemed that the re-signing of a player following a trade and a subsequent compliance buyout would be ruled as cap circumvention.

Following the 2012–13 NHL lockout each team was granted one accelerated compliance buyout in order for teams to meet the lowered salary cap. This could be used on a player with a salary cap hit of US$3 million or more before the regular season began. If an accelerated compliance buyout is used, that team will only have one more compliance buyout left, and they must use it after the completion of the 2012–13 season (and before the start of 2013–14 season). The player's cap hit is applied in full to the team's salary cap for the 2012–13 season, but for no season after, regardless of contract length.

^ from wikipedia.

So if I'm understanding correctly, they can do it once.
Forum: Armchair-GMAug. 31, 2019 at 6:53 p.m.