The NHL contract buyout period begins June 15 or 48 hours after the Stanley Cup is awarded, whichever comes later. It concludes at 5 p.m. ET on June 30. Teams carrying struggling players, such as the Minnesota Wild with winger Thomas Vanek (pictured above), can avail themselves of the buyout period to shed some salary.
Buyouts are calculated over twice the remaining term of a player's contract. If he's 26 or older, it's at two-thirds the remaining value and one-third for those under 26.
Players still recovering from injuries incurred during the regular season are exempt from contract buyouts. Those who were 35 or older when they signed their current contracts can still receive buyouts. However, as the Minneapolis Star Tribune's Michael Russo reported on June 22, 2015, the Wild won't receive salary-cap relief.
The following slideshow ranks this year's top 10 NHL contract buyout candidates. Player contracts, performance, buyout likelihood and salary-cap hit factored into the compilation.
Feel free to voice your opinion on this topic in the comments section below.
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Read Full Article at Bleacher Report - NHL
Article written by Lyle Richardson
Ranking the Top 10 NHL Contract Buyout Candidates
May 26th, 2016 by Lyle Richardson Leave a reply »
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