Monday, June 17, 2013 by Sal Ientile of The Hockey Daily.
If you have been reading blogs, surfing message boards or following your favourite hockey personalities on Twitter, you have probably heard the whispers by now. So, who’s going to do it?
It, of course, is a wealthy organization acquiring the bad contract of a less financially fortunate franchise then buying it out, but not without also receiving some or one very significant asset(s) in return.
There are some lengthy questionable long-term contracts on the books in the NHL. Why shouldn’t the teams paying those contracts try and escape them, freeing up cap space for themselves while saving millions of dollars? They should try.
However, the organizations that can more affordably inherit a massive contract only to pay it out and wash their hands of it would need to get something of value in return. It’s an interesting proposition for the wealthy franchises too.
There are some names that make a lot of sense in the trade and buyout scenario. And there are a handful of teams with the wealth and will to work out such a deal.
The price would have to be very high though, you’d assume. Maybe a top five pick, or a budding young star. Perhaps a package of assets would do the trick. Nobody knows, but we might just find out in the very near future.
The compliance buyout window opens 48 hours after the Stanley Cup is awarded and closes on June 30, at 5:00 P.M. That’s approximately two weeks leading up to the NHL Entry Draft. We shall know soon.