NHL Compliance Buyouts
Team: New York Islanders
Position: Goalie
Years left: 8
Amount owed: $36 million
Cap hit: $4.5 million
Total cost of buyout: $24 million over 16 years
Team: Philadelphia Flyers
Position: Centre
Years left: 2
Amount owed: $5 million
Cap hit: $6.5 million
Total cost of buyout: $3.3 million over 4 years
(Getty Images)
Team: Montreal Canadiens
Position: Centre
Years left: 2
Amount owed: $10 million
Cap hit: $7.3 million
Total cost of buyout: $3 million over 3 years
*Gomez was bought out prior to the 2013 season and played last year with the San Jose Sharks.
(Getty Images)
Team: Chicago Blackhawks
Position: Defense
Years left: 4
Amount owed: $4.1 million
Cap hit: $2.75 million
Total cost of buyout: $2.733 million over 4 years
(Photo by Jonathan Daniel/Getty Images) (Getty Images)
Team: Chicago Blackhawks
Position: Left wing
Years left: 1
Amount owed: $4.25 million
Cap hit: $3.125 million
Total cost of buyout: $2.83 million over 2 years
(Photo by Jonathan Daniel/Getty Images) (Getty Images)
Each team is allowed two compliance buyouts under the terms agreed to in the new CBA.
The conditions of the buyouts are as follows: The player's cap hit is removed but the team must pay two-thirds of the total amount owed over twice the length of the remaining years left on the contract. The buyout period runs from June 26 and closes at 5 p.m. on July 4.
Once bought out the player becomes an unrestricted free agent and can sign with any team except the one that just released them.
