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opzilla315

Tim Connelly On Waivers

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yooper496    2,291

Looks like they may be making room for Lou? BTW, how does the buy out clause work anyway? On Cap Geek, it shows teams with more space once they "buried" their guy, or so it seemed to me. Other sites alluded the hit was still that team's against the Cap. Any clarifications from those of you that are in the know? Thanks.

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puterwiz52    333

I don't think any team will claim him off waivers. They will wait til he is bought out. He is too injury prone though but maybe sign him for league minimum for 1 year.

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Nuckluck    795

Looks like they may be making room for Lou? BTW, how does the buy out clause work anyway? On Cap Geek, it shows teams with more space once they "buried" their guy, or so it seemed to me. Other sites alluded the hit was still that team's against the Cap. Any clarifications from those of you that are in the know? Thanks.

There is some more space created, but still with a hit against the cap by sending someone to the minors. Cap Geek's explanation of both buyouts and buried contracts:

http://www.capgeek.c...cba-details.php

] [/b]

BUYOUTS

During the ordinary course buyout periods in June 2013 and June 2014, teams will be permitted two compliance buyouts. Compliance buyouts follow the same formula as ordinary-course buyouts but do not count against the cap.

LINK: CapGeek FAQ on how buyouts work »

BURIED CONTRACTS (Wade Redden Rule)

Money paid to players outside of the NHL counts against the cap.

A one-way contract counts against the cap as follows:

cap hit – [ minimum salary + $375,000 ]

Example: If Wade Redden plays in the minors in 2012-13, he counts as follows.

$6.5M – [ $525,000 + $375,000 ] = $5.6M

A two-way contract counts as follows:

minor-league salary – [ minimum salary + $375,000 ]

Example: Player A’s two-way contract pays $3M/$1M in 2012-13 and counts as follows in the minors.

$1M – [ $525,000 + $375,000 ] = $100,000

So essentially you get a cap hit of the player's salary (depending on whether they are on a one or two way) less $900,000 (for this year) if you send a player down.

The new compliance buyouts allow you to buyout with no cap hit.

The standard buyout has a formula for the cap hit which spreads the remaining salary over twice the number of years left on the contract. The formula for these buyouts is:

  1. Take the actual salary due for each remaining year
  2. Take the Averaged Player Salary (cap hit) for the current contract
  3. Calculate the buyout amount (as described above)
  4. Spread the buy-out amount evenly over twice the remaining years of the contract
  5. Take the number in No. 1 and subtract the number in No. 4. This is the "buyout savings."
  6. Take the cap hit from No. 2 and subtract the buyout savings from No. 5.

No point buying out Connolly since he is in the last year of his contract.

EDIT: Adding link to Capgeek's Leaves page showing that Connolly would be a 3.85 million cap hit (rather than his full $4.75 million contract amount) if he is "buried" after clearing waivers. http://www.capgeek.com/mapleleafs

Regards

N.

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bugeye    12

The guy is a center - For some reason, Bowman never seems to want to address that issue. One year for the right price would seem prudent. Instead we have our best checking center moving to the 2nd line. Last year it was our top winger moving to center on the 2nd line. No moves for a 2nd line center in the past three years. Someone please tell me why?

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