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How is the Cap Lower Limit Calculated?
How is the Cap Lower Limit (Floor) calculated?
The Cap Lower Limit (Floor) and Upper Limit (Cap) are both a function of the mid-point. The Cap is 15% over the mid-point & the floor is 15% below the mid-point. When the Cap Upper Limit was announced as $81.5M, the calculation of the floor is:
Upper Limit / 1.15 = Mid Point, and then Mid Point *0.85 = Lower Limit (Floor)
$81,500,000 / 1.15 = $70,869,565. That # * 0.85 = $60,239,130 Floor
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Can a bought out Player be re-signed
Can a team buy put a players contract and the sign him again?
Once a player is bought out, they cannot sign a contract with the team that bought them out for a calendar year.
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Can Buyout Cap Hit be Traded
Can a team trade the salary retained from a previously bought out player?
For example, could the Oilers trade Benoit Pouliot's 2x$1.333 MM to the Panthers for James Reimer?
No, a buyout Cap Hit is permanent and can never be traded or changed in any way once the player is bought out.
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