In the NY Post, Larry Brooks writes that the NHL needs to have amnesty buyouts part of the new CBA to allow teams that to transition themselves from the cap of $70.2 million to $60 million for 2013-14.
Brooks says that a certain kind of amnesty program could be put into place that would help both the players and the owners:
Players bought out under this program before this season at either one-third or two-thirds depending upon their age could be re-signed only for the difference between the buyout amount and the full contract. The entire amount would count against the players’ collective share but the buyout team would not be charged a cap hit.
The NHL is vehemently against the idea of amnesty buyouts, and caps on escrow, being part of the CBA.
At CBC, Elliotte Freidman says that it will be very tough for certain teams to maneuver if buyouts aren’t part of the CBA “So if the cap is $60 million in 2013-14, how are the Lightning ($57.5 million for 15 players), Philadelphia Flyers ($57M for 16) and Boston Bruins ($57M for 16, no goalies) among others going to make it work?”
At ESPN Insider, Craig Custance writes that if an amnesty buyout is indeed part of the final CBA agreement, it could change how a lot of teams are constructed now and give other teams some new flexibility.
He writes, “Many of the rosters currently constructed are the result of long-term planning under a system that could soon be obsolete. We don’t know what the cap number is going to be. We don’t even know for sure how salaries will be counted against the cap. “
In the National Post, Michael Traikos writes that the following players could see themselves get bought out due to their contracts, Dany Heatley, Scott Gomez, Wade Redden, Rick DiPietrto, Sergei Gonchar, Ilya Bryzgalov, Marty Havlat, Vinny Lecavalier and Keith Ballard.
The NHL proposed a “Wade Redden rule” that wouldn’t allow teams to keep players in the minors to take them off the salary cap.
According to Larry Coon, the NBA’s amnesty clause works as follows “One player can be waived prior to the start of any season (only one player can be amnestied during the agreement, and contracts signed under the new CBA are not eligible). The salary of the waived player will not count toward the salary cap or luxury tax. Teams with cap room can submit competing offers to acquire an amnestied player (at a reduced rate) before he hits free agency and can sign with any team.”
In the NY Post, Larry Brooks writes that if there is no amnesty buyout in the new CBA, Wade Redden would be sent to Hartford and the Rangers would manage their team with $6.5 million in dead cap space.
Brooks writes “They are not adding him to the roster.”
The NHL’s offer to the players included a clause saying “we propose that to facilitate more trades and create increased flexibility in managing Cap Room, Clubs be allowed to allocate portions of a contract’s Cap charge (and related salary obligations) in the context of a Player Trade. This will facilitate additional Player movement and trades between teams as they manage their respective Caps and Payroll Range obligations.”
Part of the NHL’s proposal included a clause that when explained, states “We are proposing that the salaries of minor league Players on NHL contracts (above a threshold of $105,000) be counted against a Club’s Cap. This provision is intended to prevent Clubs from “stashing” or assigning players to the minors (or any other professional league) for “Cap management” purposes. We are not proposing that any salary paid to minor league Players on NHL contracts be counted against the Players’ Share.”
At ESPN Insider, Craig Custance writes about how that rule, named by many as the Wade Redden rule, would impact the Rangers who would need to carry Redden’s cap hit on their roster for the final two years of his contract.
The NHL offer provides teams one year to transition to a lower salary cap so Redden could be on the Rangers roster this year, the Rangers are currently at $62 million and still need to sign Michael Del Zotto.
Custance writes that the issue would be after the season when Derek Stepan and Ryan McDonagh are both due raises, but the NHL proposal does try and curb how much players can make in their second contract.
The NHL proposal would allow the Rangers to be able to trade Redden but still absorb some of his cap hit.
Adam Rotter: I don’t worry about this and at worst, if the Rangers need to carry Redden this season, it will be another body to add for defensive depth. Overall though, I don’t see Redden every playing for the Rangers again. Either an amnesty buyout will occur, as it should to help teams in the transition period, or the Rangers will find someone willing to take him on to meet the salary floor and add a veteran on defense. Redden’s actual salary is down to $5 million per year over the final two years of the deal and defensemen are always at a premium. Something will be worked out and Redden won’t be a problem for the Rangers.
According to Tim Wharnsby on Hockey Night in Canada, two teams looked into the idea of bringing in Wade Redden on re-entry waivers this season.
Wharnsby noted that Redden won’t get paid next season if there is a lockout, but he and Elliotte Friedman say that the next CBA may have a clause in it that prevents players like Redden from being sent to the minors.
If, like there was in 2005, an amnesty clause where teams can buy out a player without salary cap ramifications, Redden is likely to be the Rangers choice.