kachlex |
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| This is the topic where your releases and buyouts have to be announced
(or requested, in case of retiring/signing overseas players).
PLAYERS RELEASE
As mentioned in the rulebook, there are two different kinds of release:
- Release of players still in the NHL
Releasing a NHL player you'll be able to take him off your roster total number of players (<50), but you will still have to pay his contract till its expiration.
"If a player goes through waivers untouched, his salary will still count against the cap whether he gets demoted to the farm team or released (even in the case later he gets signed as a FA by another team).
A player released before his contract is expired can not be signed as a FA by the same team (he will have to have played for another team before that will be possible again)."
To release a NHL player you need to place him on waivers and then (once he cleared) announce in this topic that he gets released instead of assigned to the farm.
You can only place players on waivers from the start of the FA session in September through June.
If you don't want to pay the full money left on a player's contract for the next seasons, you can buyout his contract. See below for options.
- Release during the off-season of a player retired or signed overseas (available from May through october 4th)
By releasing before October 5th a player that belongs to this category, you'll be able to take him off your roster total number of players under contract (<50) AND off your cap total.
To release a retired/signed overseas player, you need to ask for permission in this thread...
"..reporting reliable link(s) that prove your claim to exercise the annulment right is legit. As soon as that's done (and approved), you can get his contract off your overall salary using the apposite tool "set retired" on the league site*; so if you release such player before (or during) the september free agency session, his corresponding cap room will become available for your biddings."
PLEASE NOTE that if you request and get the retired/signed-overseas status but you fail to set that player as retired/overseas on the league site within september, you'll be forced to pay him for the full season.
*Once you set the player as retired he gets instantly off your roster numbers (cap and total number of players under contract) even if he still appears in your roster. If the news of his departure/retirement will turn out to be false before october 4th, his salary will be added back to your cap. Otherwise he'll be released and become a free agent on october 5th.
BUYOUTS
To complete a buyout, you just need to announce it in this topic (the buyout tool is not available on the new site yet).
The player will be scratched from your roster and the correspondent cap hit (for the current and following seasons) applied to your team in the database.
- Regular season buyout
"To buy out a contract, you must not only pay out the existing contract for the current season; you also have to pay an additional 50% as well (1.5 times the existing contract) for the rest of the year.
Example: if Mike Modano is signed at $4M/3yrs, you would have to pay $6 to buy out Modano's contract during one of his first two seasons with your team.
Following the buy-out, the player will be off your roster (FA) and you'll regain his correspondent roster spot.
However, the following season his salary will still count against the cap:
for the 60% of its value if the following season is the 2nd year of a 3 years contract
for the 40% of its value if the following season was supposed to be the last year of his contract.
Our buyout deadline will be on the same day of the NHL's trade deadline.
After that, regular season buyouts will be back available next September and will count as occurred in the following season (-> the reduced wages will apply only after the end of that season)."
- Off-season buyout
Teams can complete buyouts during the off-season as well, albeit under different terms.
These are the terms decided for this season (available from now till october 7th 18.00 cet):
1yr left: 2/3 of the salary to be paid
2yrs left: 2/3 of the salary to be paid in both years
3yrs left (applies only to 4yrs long entry draft contracts): 2/3 of the salary to be paid for the first 2 yrs, 1/3 to be paid for the last yr (the 4th) of the contract.
3yrs left (applies to 3yrs long contracts signed in the same off-season): 2/3 of the salary to be paid for all the 3 yrs of the contract.
The resulting numbers get rounded down to the closer decimal.
CURRENT BUYOUTS
DENVER
Stefan Ruzicka at 0.3M for 2 years
Jan Hejda at 0.6M for 2 years
Torrey Mitchell at 1M for 1 year
Karl Alzner at 1.5M for 2 years
Samuel Pahlsson at 1.2M for 1 year
Wade Redden at 0.8M for 1 year
J. Chechoo at 0.5M for 1 year
Tanner Glass at 0.3M for 1 year
total to pay in 2010/2011 season: 6.2M
total to pay in 2011/2012 season: 2.4M
HALIFAX
John Mitchell at 0.6M for 1 year
total to pay in 2011/2012 season: 0.6M
CALIFORNIA
Andrew Ebbett at 2M for 1 yr
Kyle Quincey at 2.6M for 1 yr
Jonathan Ericsson at 2.5M for 1yr
total to pay in 2011/2012 season: 7.1M
Edited by buree - 9/12/2011, 16:08
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