Accelerated Compliance Buyout

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Accelerated Compliance Buyout

Postby nocera on Tue Jan 15, 2013 4:44 pm

Just got a notification from ESPN that the league will allow accelerated compliance buyout for the 2013 season. Does this mean Gomez will be bought out now instead of having to sit at home?
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Re: Accelerated Compliance Buyout

Postby Idoit40fans on Tue Jan 15, 2013 4:45 pm

probably. And then Redden will get the same and try to find work.
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Re: Accelerated Compliance Buyout

Postby Gaucho on Tue Jan 15, 2013 5:07 pm

Bob McKenzie ‏@TSNBobMcKenzie
In order for a player to be bought this week, still must clear waivers first. Assume Redden and Gomez will be put on waivers tomorrow.

Pierre LeBrun ‏@Real_ESPNLeBrun
And to be clear: if you use a compliance buyout this week, you only have one left to use next summer. This isn't an extra one.
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Re: Accelerated Compliance Buyout

Postby nocera on Tue Jan 15, 2013 5:22 pm

Gaucho wrote:Bob McKenzie ‏@TSNBobMcKenzie
In order for a player to be bought this week, still must clear waivers first. Assume Redden and Gomez will be put on waivers tomorrow.

Pierre LeBrun ‏@Real_ESPNLeBrun
And to be clear: if you use a compliance buyout this week, you only have one left to use next summer. This isn't an extra one.


Interesting. Thanks for the info. The waiver discount is gone as well, correct? So it seems like they'll be bought out and then free to go elsewhere.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 6:40 pm

Just to clarify, full money, full cap (for this year) -- no benefit to the clubs at all, just a favor to Gomez and Redden...a mutual contract termination but with full pay...
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Re: Accelerated Compliance Buyout

Postby JeffDFD on Tue Jan 15, 2013 8:51 pm

I think, by buying them out this year...they are off the hook for the salary cap next year. So that is one benefit to the team.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 9:01 pm

Correct, but that's no different than an ordinary course compliance buyout...which was gonna happen anyway...in other words, there's no added benefit by being able to do this now...
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Re: Accelerated Compliance Buyout

Postby JeffDFD on Tue Jan 15, 2013 9:06 pm

well, if you think about it. MTL was going to have his cap hit and roster spot taken this year...then next year they would have the buyout cap hit. Punishes them for 2 years for the contract they signed and are going to have to buyout. Or will they still have a partial cap hit next year because of the length of the original deal? Not sure how that all shook out as far as extensive contracts and buyouts in regard to the cap hit.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 9:20 pm

I was under the impression that the original plan was no cap hit following the compliance buyout (2013-14 and on), but the cap hit was on for this year (minus $900K) because he was still on the team technically...now they've just...fixed the glitch...
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Re: Accelerated Compliance Buyout

Postby Mongoose87 on Tue Jan 15, 2013 10:48 pm

It saves you an extra contact, if you need to lock up a prospect.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 11:15 pm

Possible. Though, I believe these players are technically suspended for breach of contract (I'll have to check on this for sure) and therefore wouldn't count against the 50-limit. Muddy water were stepping into for immaterial haha...
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Re: Accelerated Compliance Buyout

Postby MRandall25 on Tue Jan 15, 2013 11:18 pm

I thought the teams just told them not to show up, not because of "breach of contract" (unless that's what they're calling "No, we don't want you on our team")
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 11:24 pm

Right, it's a technicality. Gomez was going to be waived and assigned to Hamilton and told not to report and then suspended for failing to report. That's how I understood the process to be at least...
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Re: Accelerated Compliance Buyout

Postby columbia on Tue Jan 15, 2013 11:28 pm

If he was to be paid his full salary that wouldn't rationally qualify as being suspended.
Not that I really care, just nitpicking with the categorization......so questioning whether he really would have been off the 50 man roster.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Tue Jan 15, 2013 11:42 pm

Possible. I'll see if I can get a for-sure answer as to how these players would have been qualified...
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Re: Accelerated Compliance Buyout

Postby mikey287 on Wed Jan 16, 2013 6:31 pm

Response from the NHL Head Office suggests that I don't have it technically right. So my apologies, that was my best guess at it. They didn't have an exact answer of what designation those players would have been under, but they don't believe my "suspension theory" was on point. You win some, you lose a lot more...
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Re: Accelerated Compliance Buyout

Postby nocera on Wed Jan 16, 2013 11:39 pm

You called the NHL offices?
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Re: Accelerated Compliance Buyout

Postby columbia on Wed Jan 16, 2013 11:41 pm

mikey287 wrote:Response from the NHL Head Office suggests that I don't have it technically right. So my apologies, that was my best guess at it. They didn't have an exact answer of what designation those players would have been under, but they don't believe my "suspension theory" was on point. You win some, you lose a lot more...


#vindicated :lol:

Spoiler:
Like I said, nit a big deal. It just seemed like an odd way to handle it, if that had been the plan of the NHL.
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Re: Accelerated Compliance Buyout

Postby mikey287 on Wed Jan 16, 2013 11:45 pm

nocera wrote:You called the NHL offices?


E-mailed - as it was 6:30 in the morning, a little early to call...I have a contact up there that doesn't seem to mind handling my questions and inquiries...luckily enough for me.
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Re: Accelerated Compliance Buyout

Postby darkstar57 on Thu Jan 17, 2013 8:41 am

Redden was never under suspension, he accepted his demotion to the AHL the past few years. and from all accounts the rangers have actually benefited because he done a great jobof mentoring some of their younger guys down there
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Re: Accelerated Compliance Buyout

Postby mikey287 on Thu Jan 17, 2013 8:52 am

Right, not talking about the past (just talking about the last three days). But yeah, I think he was their captain.
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