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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.

Quote of the Day

I first met him when I was 19 years old and he coached me for 13 consecutive years. I don't know how many athletes who have had that pleasure. Al Arbour was a man that left us not only feeling like champions, but left us with a lot of great memories that we can carry on through life.

— Islanders Hall of Fame defenseman Denis Potvin on former coach Al Arbour, who passed away Friday at the age of 82