I believe if a contract is mutually terminated, the player is an UFA immediately after clearing unconditional waivers and the team has one less contract to care about. I think the same happened with Kovaluchuk when he left LA and signed with Montreal that same season.FLPensFan wrote: Wed Jan 29, 2025 3:19 pmI knew you could terminate a contract, but the only time I've really seen it put to use other than for legit reasons (like Mike Richards) was when European players wanted to go back to Europe and play. Friedman's tweet is a little vague, but, I'm not sure if Saad can terminate his contract and then immediately sign in the NHL. Something makes me think he would have to wait until next season.KG wrote: Wed Jan 29, 2025 3:03 pm
You can do that? Seems like cap circumvention. I get that he is walking away from a lot of money, but it seems like the Blues are getting out of a bad contract for free. Wonder if this will be a topic of discussion in the next CBA.
It's the same logic for Perry when he left Chicago, even though his contract was terminated for a different reason. He was an UFA and signed with Edmonton.