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Keep Your Stick On the Ice

Buyout for Ouellet

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6 minutes ago, kliq said:

Tells me the plan is to spend to the cap.

Uugh, I hope not.

5 minutes ago, The 91 of Ryans said:

Needed the spot on D. No room for him in GRs either. Buy him out, *presto* he's gone. K l8ter

This was my thought as well. I'm hoping we're buying him out for the roster spot, not the cap space. We could just waive him and assuming no one claims him, send him down to Grand Rapids, but with there already being a log jam down there on defense, that would be a bad move. The buy-out could also be a favour to Ouellet. Gives him a fresh start. I'd like to see him get claimed, but even at $1.25M, that could be a little too high for some teams. With a buy-out, I can see a team signing him at close to league minimum for a depth 6/7 defenseman. 

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3 hours ago, kliq said:

Normally I'm against a buyout, but this one is peanuts.

We save $1,250,000 this year, but both this year and next year suffer a $216,667 penalty. 

https://www.capfriendly.com/buyout-calculator/xavier-ouellet

I have a question. Do players get their full wages when they get bought out? I assume they do, and the 216,667 is just our penalty against the cap?

Anyway, I actually really like this move. Ouellet was one of the worst Dmen on one of the weakest D's in the league, and had the gall to ask for a fresh start somewhere else? Yeah, buy him out. If your heart isn't with this team good riddance, you're not anything to write home about anyway honey. I hope the other kids are paying attention. Ouellet may struggle to find an NHL job now.

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5 minutes ago, kliq said:

Ya that’s possible....does anyone know off-hand the top 6 in GR?

Assuming Hicketts makes the Red Wings out of camp, and Hronek is sent down to start the season, I would assume some combination of Cholowski, Hronek, Sulak, Saarijarvi, Lashoff, Russo, McIlrath. I'm sure there will be other depth guys signed as well, but that will likely be the top 7 barring a trade. Renouf is a UFA, and I doubt he's brought back.

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https://www.capfriendly.com/buyout-faq

https://en.wikipedia.org/wiki/Compliance_buyout

If the player is under 26 years old, then the team may pay the player just one-third of the remaining contract value.[1] In ordinary-course buyouts, the team's NHL salary cap hit for the player is stretched over a period of twice the remaining length of the contract. 

Edited by Neomaxizoomdweebie

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1 hour ago, Neomaxizoomdweebie said:

https://www.capfriendly.com/buyout-faq

https://en.wikipedia.org/wiki/Compliance_buyout

If the player is under 26 years old, then the team may pay the player just one-third of the remaining contract value.[1] In ordinary-course buyouts, the team's NHL salary cap hit for the player is stretched over a period of twice the remaining length of the contract. 

Ok, so if he signs for anything less than $866,666 he'll actually be making less money next year than he would have been.

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7 hours ago, kliq said:

So when do we find out if XO cleared waivers? I thought it was 24 hours?

I thought so too, but haven't heard anything... I think it's pretty much a guarantee that he will (already has) cleared though.

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On 6/24/2018 at 11:02 AM, kliq said:

Tells me the plan is to spend to the cap.

The plan is to spend to the cap.

4 hours ago, ChristopherReevesLegs said:

Ouellet with the rare reverse-Kronwall

XO has almost half a foot on Zuccarello BTW

[humiliation meme]

XOXOXOXO He's clearly a lover, not a fighter

Edited by Neomaxizoomdweebie

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