Ok now that we got that silly Stanley Cup out of the way..The fun part of the season begins..Especially for us Leafs fans, who havent had anything going on for 2 months.

Jun 12...NHL Awards presentations..(The Leafs will probably sit this one out)

Jun 15...Deadline for first club elected salary arbitration

Jun 15-20..Buyout period for contracts(we could be busy that week)

Jun 20-21...NHL Entry Draft in Ottawa(Who will we take, and who will take it)

July 1...Free Agency Begins(very exciting time usually)

July 6...Deadline for club elected salary arbitration

July 20- Aug 4...Salary Arbitration hearings held

Aug 6..Deadline for Arbitration hearings


Let the second season begin...As a Leafs fan we also have the small issue of adding a coach, and a possible GM..

I am excited.

Why?

Do you honestly think that Fletcher or anyone for that matter will be able to turn things around in Toronto?

I just can't see it happening, that team blows too much. I would so love to see Torts named head coach up there, I bet he would go nuts by the end of november. Press conferences would be hilarious.

Anyhow, can't blame you for supporting your team, so good luck next year. I have a feeling you will need some.

Yes I HONESTLY believe that the team will be much better..People dont realize but before the lockout the Leafs were one of the top teams in the NHL..Yes we didnt win cups but we had deep playoff runs and were winning a lot of playoff games..Then the stupid NHL changed the rules with no warning..It has taken a long time to adjust to the new NHL..But we are getting there..

Thanks

how do buyouts work? does it leave some impact on the cap after players have been told to pack up and gtfo? that sounds like an excellent option for toronto.

Here is the details:

(iii) Treatment of Ordinary Course Buyouts for Purposes of Calculating Averaged Club Salary. As a result of the averaging rules set forth in this Agreement, the actual Player Salary and Bonuses paid to a Player in a League Year of an SPC may be either more, or less, than the Averaged Amount of such SPC included in the Club's Averaged Club Salary for such League Year. If a Club elects to buy out an SPC pursuant to the Ordinary Course Buyout provision set forth in Section 50.9(i) below, the disparity between the actual Player Salary and Bonuses paid in the earlier League Year(s) of the SPC and the Averaged Amount included in the Club's Averaged Club Salary in such League Year(s) is accounted for in how the buyout agreement is treated for purposes of averaging. For a Club that buys out an SPC pursuant to an Ordinary Course Buyout, the amount to be included in the Club's Averaged Club Salary for each League Year during the term of the buyout agreement is determined as follows:

(A) For a League Year during the term of the original SPC that was bought out, the included amount is the original Averaged Amount of the SPC for that League Year, reduced by the amount of the buyout "savings" for that League Year (with "buyout savings" defined as the actual amount of Player Salary and Bonuses that was to be paid under the SPC for such League Year minus the amount of Player Salary that is to be paid under the buyout agreement). If the amount of buyout "savings" in a League Year is more than the original Averaged Amount for such League Year, then the amount of such excess is included in the Averaged Club Salary for such League Year as a "credit."

( For a League Year following the term of the original SPC that was bought out, the amount included in the Club's Averaged Club Salary is the amount of Player Salary that is to be paid under the buyout agreement for that League Year.
The method for calculating the includable amounts for a Club's Averaged Club Salary is set forth in the following Illustrations. For each Illustration, assume that the Player is over age 26 and therefore is entitled to two-thirds (2/3) of his remaining Player Salary, to be paid over twice the remaining length of the SPC, in the event he is bought out pursuant to an Ordinary Course Buyout. Also, assume for all illustrations that the Player signed a three-year SPC, which is bought out after the first League Year (Year 1), and therefore, the Player is entitled to earn two-thirds (2/3) of the remaining Player Salary owed under the SPC over Years 2 through 5.

PHP Code:
Illustration #1:
Year 1 Year 2 Year 3 Year 4 Year 5

1. Original SPC Amount $4.0M $2.5M $2.5M

2. Original Averaged Amt. $3.0M $3.0M $3.0M

3. Buyout Amount (2/3 of $5M) $1.666M $1.666M (Total = $3.333M)

4. Buyout Amt. Over twice 833,000 $833,000 $833,000 $833,000
Length of original SPC

5. Buyout "Savings" $1.666M $1.666M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.333M $1.333M $833,000 $833,000
Averaged Club Salary
(Line 2 minus Line 5)


The total amount actually paid to the Player under the buyout agreement over four years is $3.3 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $4.3 million. The $1 million difference reflects the $1 million that the Club saved against its Payroll Room in Year 1 (the Club paid $4 million, but the Averaged Club Salary in Year 1 only included $3 million based on the averaging).


PHP Code:
Illustration #2:
Year 1 Year 2 Year 3 Year 4 Year 5
1. Original SPC Amount $6.0M $4.0M $2.0M

2. Original Averaged Amt. $4.0M $4.0M $4.0M

3. Buyout Amount (2/3 of $6M) $2.666M $1.333M (Total = $4.0M)

4. Buyout Amt. Over twice $1.0M $1.0M $1.0M $1.0M
Length of original SPC

5. Buyout "Savings" $3.0M $1.0M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.0M $3.0M $1.0M $1.0M
Averaged Club Salary
(Line 2 minus Line 5)

The total amount actually paid to the Player under the buyout agreement over four years is $4.0 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $6.0 million. The $2 million difference reflects the $2 million that the Club saved against its Payroll Room in Year 1 (the Club paid $6 million, but the Averaged Club Salary in Year 1 only included $4 million based on the averaging).

PHP Code:
Illustration #3:
Year 1 Year 2 Year 3 Year 4 Year 5
1. Original SPC Amount $2.0M $4.0M $6.0M

2. Original Averaged Amt. $4.0M $4.0M $4.0M

3. Buyout Amount (2/3 of $10M) $2.666M $4.0M (Total = $6.666 M)

4. Buyout Amt. Over twice $1.666M $1.666M $1.666M $1.666M
Length of original SPC

5. Buyout "Savings" $2.333M $4.33M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.666M (- $333K) $1.666M $1.666M
Averaged Club Salary "credit"
(Line 2 minus Line 5)

The total amount actually paid to the Player under the buyout agreement over four years is $6.66 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $4.66 million. The $2 million difference reflects the extra $2 million that the Club paid in Year 1 (the Club paid $2 million, but the Averaged Club Salary in Year 1 included $4 million based on the averaging), which the Club may save against its Payroll Room over the term of the buyout agreement.



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06-06-2006, 01:07 PM #5
kdb209
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Join Date: Jan 2005
Posts: 3,526
vCash: 500 A couple of other Buyout related tidbits from the CBA:

Complience Buyouts (50.9 (i)(ii)) one time deal last offseason - paid out over the remaining length (not 2x) and do not count against the team caps or players 54% share.


Quote:
50.9 Issues Relating to Timing and Calculation of Actual Club Salary and Averaged Club Salary.
...
(i) "Ordinary Course" Buyouts and "Compliance" Buyouts.

(i) If a Player's SPC has been terminated and bought out by a Club pursuant

(iii) Treatment of Ordinary Course Buyouts for Purposes of Calculating Averaged Club Salary. As a result of the averaging rules set forth in this Agreement, the actual Player Salary and Bonuses paid to a Player in a League Year of an SPC may be either more, or less, than the Averaged Amount of such SPC included in the Club's Averaged Club Salary for such League Year. If a Club elects to buy out an SPC pursuant to the Ordinary Course Buyout provision set forth in Section 50.9(i) below, the disparity between the actual Player Salary and Bonuses paid in the earlier League Year(s) of the SPC and the Averaged Amount included in the Club's Averaged Club Salary in such League Year(s) is accounted for in how the buyout agreement is treated for purposes of averaging. For a Club that buys out an SPC pursuant to an Ordinary Course Buyout, the amount to be included in the Club's Averaged Club Salary for each League Year during the term of the buyout agreement is determined as follows:

(A) For a League Year during the term of the original SPC that was bought out, the included amount is the original Averaged Amount of the SPC for that League Year, reduced by the amount of the buyout "savings" for that League Year (with "buyout savings" defined as the actual amount of Player Salary and Bonuses that was to be paid under the SPC for such League Year minus the amount of Player Salary that is to be paid under the buyout agreement). If the amount of buyout "savings" in a League Year is more than the original Averaged Amount for such League Year, then the amount of such excess is included in the Averaged Club Salary for such League Year as a "credit."

( For a League Year following the term of the original SPC that was bought out, the amount included in the Club's Averaged Club Salary is the amount of Player Salary that is to be paid under the buyout agreement for that League Year.
The method for calculating the includable amounts for a Club's Averaged Club Salary is set forth in the following Illustrations. For each Illustration, assume that the Player is over age 26 and therefore is entitled to two-thirds (2/3) of his remaining Player Salary, to be paid over twice the remaining length of the SPC, in the event he is bought out pursuant to an Ordinary Course Buyout. Also, assume for all illustrations that the Player signed a three-year SPC, which is bought out after the first League Year (Year 1), and therefore, the Player is entitled to earn two-thirds (2/3) of the remaining Player Salary owed under the SPC over Years 2 through 5.

PHP Code:
Illustration #1:
Year 1 Year 2 Year 3 Year 4 Year 5

1. Original SPC Amount $4.0M $2.5M $2.5M

2. Original Averaged Amt. $3.0M $3.0M $3.0M

3. Buyout Amount (2/3 of $5M) $1.666M $1.666M (Total = $3.333M)

4. Buyout Amt. Over twice 833,000 $833,000 $833,000 $833,000
Length of original SPC

5. Buyout "Savings" $1.666M $1.666M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.333M $1.333M $833,000 $833,000
Averaged Club Salary
(Line 2 minus Line 5)


The total amount actually paid to the Player under the buyout agreement over four years is $3.3 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $4.3 million. The $1 million difference reflects the $1 million that the Club saved against its Payroll Room in Year 1 (the Club paid $4 million, but the Averaged Club Salary in Year 1 only included $3 million based on the averaging).


PHP Code:
Illustration #2:
Year 1 Year 2 Year 3 Year 4 Year 5
1. Original SPC Amount $6.0M $4.0M $2.0M

2. Original Averaged Amt. $4.0M $4.0M $4.0M

3. Buyout Amount (2/3 of $6M) $2.666M $1.333M (Total = $4.0M)

4. Buyout Amt. Over twice $1.0M $1.0M $1.0M $1.0M
Length of original SPC

5. Buyout "Savings" $3.0M $1.0M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.0M $3.0M $1.0M $1.0M
Averaged Club Salary
(Line 2 minus Line 5)

The total amount actually paid to the Player under the buyout agreement over four years is $4.0 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $6.0 million. The $2 million difference reflects the $2 million that the Club saved against its Payroll Room in Year 1 (the Club paid $6 million, but the Averaged Club Salary in Year 1 only included $4 million based on the averaging).

PHP Code:
Illustration #3:
Year 1 Year 2 Year 3 Year 4 Year 5
1. Original SPC Amount $2.0M $4.0M $6.0M

2. Original Averaged Amt. $4.0M $4.0M $4.0M

3. Buyout Amount (2/3 of $10M) $2.666M $4.0M (Total = $6.666 M)

4. Buyout Amt. Over twice $1.666M $1.666M $1.666M $1.666M
Length of original SPC

5. Buyout "Savings" $2.333M $4.33M - -
(Line 1 minus Line 4)

6. Amt. Included in $1.666M (- $333K) $1.666M $1.666M
Averaged Club Salary "credit"
(Line 2 minus Line 5)

The total amount actually paid to the Player under the buyout agreement over four years is $6.66 million, but the total Averaged Amount included in the Club's Averaged Club Salary is $4.66 million. The $2 million difference reflects the extra $2 million that the Club paid in Year 1 (the Club paid $2 million, but the Averaged Club Salary in Year 1 included $4 million based on the averaging), which the Club may save against its Payroll Room over the term of the buyout agreement.

cliff notes?!

ya I'm not reading that.

Basically it sux for the team still. I'm pretty sure that the term gets doubled and the team still has to pay like 75% of the required moneys over that newly elogated term or something like that.

I guess it makes sense. if you have GMs/owners still giving out horrible contracts, you set a precedent that can't work with the cap...

For sure. It just isn't really an option it seems that is worth taking especially if there are many years left on a retarded deal.