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Compliance Buyout Rule Changed for Redden and Gomez

wadereddenWade Redden had spent the last two seasons playing in AHL, collecting his full NHL salary of $6.5 million each year. The Rangers had told Redden that he wouldn’t be attending training camp or be sent to the AHL. He would be spending his time at, but collecting his salary of $5 million. His salary cap would count against the salary cap.

Before the start of the Canadiens training camp, Scott Gomez was pulled aside and told he wouldn’t be taking part in the camp, and that he was being sent home. He, like Redden would be collecting his full pay.

Reasons behind the Rangers and Canadiens decisions were simple, if these players were to get hurt this season and unable to play by the end of the season, they would not be able to be bought out. Injured players can’t be bought out. Teams were only able to use their compliance buyouts after this season.

The NHL was fine with what the Rangers and Canadiens were going to do, but it didn’t sit that well NHLPA. They held discussions to see if there was something that could benefit both the team and the player.

In the end, it was decided today that teams would be allowed to use one of their compliance buyouts by the start of the season, which is this Saturday. They would then only have one other compliance buyout that could be used in the next two years.

Teams would have to give the player 100 percent of their salary this year, and not 2/3′s like it would be if they bought them out at the end of the season. The salary cap for the bought player would remain with the team for this season, but would not count next year.

The players also have to give their consent to be bought out, and must first go through waivers. Bought out players would then become unrestricted free agents when they cleared waivers, and able to sign with any team they wish.

 

 

 

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Mark is the NHL editor for Sports City and myNHLtraderumors.com. Lives north of Toronto in the snow-belt, not a big fan of snow. Despises lockouts.

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