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NHL, NHLPA change buyout rules

Tuesday, 01.15.2013 / 6:42 PM / News

NHL.com

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NHL, NHLPA change buyout rules
The National Hockey League and the National Hockey League Players' Association on Tuesday agreed on a change in compliance buyout rules, allowing teams to buy out player contracts prior to Saturday.

The National Hockey League and the National Hockey League Players' Association on Tuesday agreed on a change in compliance buyout rules, allowing teams to buy out player contracts prior to Saturday.

In the new Collective Bargaining Agreement agreed to recently by the NHL and the NHLPA, clubs were permitted two "compliance" buyouts to take place during the 2013 and/or 2014 offseasons in order to ease the transition to a lower salary cap.

The new agreement allows teams to use one of those compliance buyouts prior to the start of this season. However, the player's full salary for the 2012-13 season still would count against the team's cap.

Players that are bought out will become unrestricted free agents, eligible to sign with any team.

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I think everyone left it out there. Every game this season, regular season and playoffs, we played as hard as we could. We're not out of the playoffs right now because of lack of effort, and that's all that we can ask of each other.

— Predators defenseman Seth Jones after Nashville was eliminated by Chicago in Game 6 on Saturday