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Author Topic: LA Kings buy out remaining Voynov contract  (Read 339 times)

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Offline dedreger

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LA Kings buy out remaining Voynov contract
« on: February 27, 2015, 12:21:03 PM »
:LAK: is buying out the remaining contract owed to Voynov:

X-D Vyacheslav Voynov, Released contract through 18/19, $1.4m this year

Total remaining contract value = $1.4m * 5 years = $7m
Applying 66% buyout factor and rounding up to nearest $0.1m = $4.7m

1 year buyout, all in 2014-2015, of $4.7m

Thanks.
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Offline snugerud

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Re: LA Kings buy out remaining Voynov contract
« Reply #1 on: February 27, 2015, 01:52:38 PM »
Redacted.

« Last Edit: February 27, 2015, 01:57:11 PM by snugerud »
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Offline Rob

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Re: LA Kings buy out remaining Voynov contract
« Reply #2 on: March 03, 2015, 10:10:36 AM »
What's going on?
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Offline dedreger

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Re: LA Kings buy out remaining Voynov contract
« Reply #3 on: March 03, 2015, 12:07:12 PM »
By claiming Voynov, snugerud assumed half of Voynov's contract and I retained the other half.  I'm buying out my retained half of the Voynov contract.






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Offline Rob

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Re: LA Kings buy out remaining Voynov contract
« Reply #4 on: March 03, 2015, 12:10:09 PM »
By claiming Voynov, snugerud assumed half of Voynov's contract and I retained the other half.  I'm buying out my retained half of the Voynov contract.

Gotcha.  Snug's post confused me.  I thought something was wrong.
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Offline Rob

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Re: LA Kings buy out remaining Voynov contract
« Reply #5 on: March 03, 2015, 07:39:58 PM »
Wait, there is a problem.  There is no 66% discount on this because you're buying out dead money, not a player.  This would cost you $7m to do. 
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Offline dedreger

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Re: LA Kings buy out remaining Voynov contract
« Reply #6 on: March 04, 2015, 12:26:37 AM »
OK. Do I understand correctly that I can keep Patrick Kane on LTIR for the remainder of our 2014-2015 season such that his salary remains outside the 2014-2015 cap for the remaining time that cap applies?  If that's correct, then I have the cap space to eat all $7m owed to Voynov now in 2014-2015 and do want to do that.


 
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Offline snugerud

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Re: LA Kings buy out remaining Voynov contract
« Reply #7 on: March 04, 2015, 09:10:46 AM »
rob caught what my post originally was ,  i wasnt sure if you could claim the discount.  After I posted i got thinking you could because I still took on the other half of the contract so technically voynov's contract was still whole which is different from say me buying out timmonen based on the 50% of his contract because no one claimed the other half. 

So in the end , i thought you could claim the discount which is why i removed my post. 
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Offline Rob

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Re: LA Kings buy out remaining Voynov contract
« Reply #8 on: March 04, 2015, 09:49:10 AM »
OK. Do I understand correctly that I can keep Patrick Kane on LTIR for the remainder of our 2014-2015 season such that his salary remains outside the 2014-2015 cap for the remaining time that cap applies?  If that's correct, then I have the cap space to eat all $7m owed to Voynov now in 2014-2015 and do want to do that.

Yessir. Even if Kane comes back this year you can keep him on IR and use his money elsewhere. 
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Offline Rob

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Re: LA Kings buy out remaining Voynov contract
« Reply #9 on: March 04, 2015, 10:18:49 AM »
 :judge:
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