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RickSJ207

Member Since
Jun. 17, 2017
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Forum: Site DiscussionFeb. 3, 2021 at 11:11 p.m.
Thread: Buyout rules.
I don't understand the buyout rules. I look at Kevin Shattenkirk buyout with the New York Rangers. The Buyout happened in August 1, 2019. Shattenkirk had a remaining cash value on the contract of $6.6M in 2019/20 and $4M in 2020/21 or $10.6M. The Cap hit on each year was $6.65M or $13.3M for two years. Shattenkirk signed with the Lightning for the 2019/2020 season for $1.75M and then signed a 3 year $11.7M contract with Anaheim. Here's where I get confused. As I understand the rule, A player who is over 26 gets his contract bought out for 2/3 value which would be $7,066,666,67 spread out over 4 years. That would be $1,766,666,67 over 4 year at cash value. If you used the cap figure of $13.3M the buyout total would be $8,866,666.67 or $2,216,666.67 for 4 years.
What is listed is Amount of Buyout $5,733,333.33 Then in the cap hit section I see (2019/20 $1,433,333.00) (2020/21 $6,083,333.00) (2021/22 $1,433,333.00) (2022/23 $1,433,333.00) This equals $10,383,332

I don't get the logic here