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I am not suggesting we can completely bury the salary since I am with you and not being able to easily escape bad contracts. My suggested idea would still see us on the hook for 50% of their salary no matter if they are on the minor roster or if someone claims them. The idea of being completely free from their salary is actually not inline with the NHL since they still need to pay the player that has been demoted but typically at a reduced amount. I did have a 2nd idea of a buy out option. At the start of the season teams are given the ability to buy out a players contract at a slightly reduced rate. That way if I have more cap space one year I could use that option instead of having to pay for it for 3 years. That way you suck for 1 year instead of 3 years.
Current year + 50% of following year + 25% of the remaining years
I am pro both of those concepts as they are both used by the NHL. Capgeek actually has a buyout calculator you can use. Their system (maybe the NHL's system) spreads out the remaining contract amount over the number of years the contract was signed. Under our proposed rules would we have to pay it all upfront?
That was my thought, but it's all up for debate right now. If we do decide to spread it out I would prefer to limit the number of years it can be spread out to 3 or so.