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Asked Jul 20, 2022 by Stephen
NHL

Buyouts of Retained Contracts

If a team retains salary on a player and that player is later bought out by a different team, does the player still count as taking up a salary retention slot after being bought out? 

Answer

Jul 20, 2022

Once a player is bought out, the retained cap hit is converted to a buy-out cap hit for the player that was traded/bought-out, and it no longer counts as one of the team's 3 permitted active retained transactions.  For example, Ottawa's buyout cap hit for Phaneuf does not count as an active retained salary transaction.

 

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