Tuesday, June 30, 2015

Buyout Period (June 30)

Today was the last day to put players on unconditional waivers for the process of being bought out and the Carolina Hurricanes dropped a big bomb on their roster, putting forward Alex Semin on it.  Semin was exceptionally poor in 2015, scoring only 6 goals and 19 points in 57 games with the Hurricanes, while carrying a cap hit of $7 million for the year.  It's no wonder his contract is being bought out.

The math on this buyout appears to be very easy, as the Hurricanes will have $2.333 million on their budget for the next six seasons, as he had three years left on his deal.  That is a pretty solid cap savings thought, $4.667 million for the first few years of this buyout.

It really was no wonder that the Washington Capitals were never comfortable signing him to anything longer than one year.

Maybe in somewhat of a surprising move, the Florida Panthers added forward Brad Boyes to the list of players to be bought out, as he was still pool worthy last season, picking up 14 goals and 38 points in 78 games with the Cats last season, ranking 137th among forwards.  He could be a sought after player, when free agency hits tomorrow, as he can put the puck in the net.

Buying out Boyes will cost the Panthers under $1 million for each season, this season and next, according to the calculator.




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