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Post by Penguins GM on Oct 28, 2011 0:33:13 GMT -5
Buying Out Players
Teams will realize that juggling cap space is very difficult to do. In some instances you may make a bad choice on signing or drafting a player. You are able to buy out a player on your team however you get a penalty for doing so.
The penalty for buying out a player is half of the players salary as a cap hit for the remainder of said players contract.
Example.
If the penguins GM elected to buy out Fleury he would have to pay half of fleury's $5 mil against the cap for the remaining years (2014-2015).
Fleury would then enter waivers where the team in last place could claim him, going up threw the waiver wire. You claim him at his full salary, the original team would still be penalized. If the player enters Free agency he will then be able to be bid on by all teams.
Waiver Priority
Waiver Priority will be set at the end of the first month. The teams in last place will have high waiver priority while the best teams will have the worst waiver priority.
Ex. Canucks are in first they get the last possible waiver priority. The Islanders are in 20th, they would be 1st on the waiver priority.
If your team elects to claim a player throughout the NHL season, you will move your team to the 20th and final waiver priority and will not be able to move down unless other teams make waiver pick-ups themselves.
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