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White and Hunter bought out.


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#81 Martyisth3b3st

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Posted 01 August 2011 - 12:04 PM

1. Volchenkov-Greene
2. ???
3. ???
4. Profit!
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#82 Cal914

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Posted 01 August 2011 - 12:05 PM

Єklund (2.3% accurate) hasnt posted it yet... it must be true
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#83 iamtheprodigy

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Posted 01 August 2011 - 12:06 PM

Now TG is tweeting Lou quotes talking about Salvador being healthy. Come on, we're really buying out White just to make room for definitely-going-to-have-another-concussion Salvador?
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#84 jagknife

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Posted 01 August 2011 - 12:09 PM

We save $3.333 million in the move... make that $7.1 and change to play with if they were to do something...
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#85 Martyisth3b3st

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Posted 01 August 2011 - 12:11 PM

We save $3.333 million in the move... make that $7.1 and change to play with if they were to do something...

Where do you get that? We have to pay half of each of their caps for double the remaining length, if I remember correctly. So, we save 1.5 from white and 1 from Hunter... we open up 2.5m in cap space, but now have 2.5m in dead space for this year.
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#86 iamtheprodigy

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Posted 01 August 2011 - 12:14 PM

Where do you get that? We have to pay half of each of their caps for double the remaining length, if I remember correctly. So, we save 1.5 from white and 1 from Hunter... we open up 2.5m in cap space, but now have 2.5m in dead space for this year.


I haven't tried to do the math, but this is what TG tweeted:

TGfireandice Tom Gulitti
Devils would save $3,333,333 in cap space for 2011-12 with White and Hunter bought out.


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#87 insanity_gallops

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Posted 01 August 2011 - 12:14 PM

Where do you get that? We have to pay half of each of their caps for double the remaining length, if I remember correctly. So, we save 1.5 from white and 1 from Hunter... we open up 2.5m in cap space, but now have 2.5m in dead space for this year.

Devils are at $2.5mil in cap space this year, Gulitti has said Devils will save $3.3mil this season with the moves. That makes it $5.8mil in cap space for 2011-12 with Corrente, Fraser, Larsson, and Palmieri on the roster. Any of them go down and obviously the Devils clear more.


White's buyout is $1mil in 2011-12 and 2012-13. His salary is $3mil. $2mil in savings.
Hunter's buyout is $.66mil in 2011-12, 2012-13, 2013-14, 2014-15. His salary is $2mil. $1.33mil in savings.

Hence, $3.33mil in savings.

Edited by insanity_gallops, 01 August 2011 - 12:16 PM.

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#88 Triumph

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Posted 01 August 2011 - 12:14 PM

Where do you get that? We have to pay half of each of their caps for double the remaining length, if I remember correctly. So, we save 1.5 from white and 1 from Hunter... we open up 2.5m in cap space, but now have 2.5m in dead space for this year.


no, you pay 2/3rds of the original cap hit, spread out over twice the number of seasons remaining on the contract. so colin white's buyout cap hit is $1M this season, and hunter's is $667,000.

right now NJ has $6M in cap space, with salvador on the roster, no larsson, and fraser as the 7th d.

Edited by Triumph, 01 August 2011 - 12:17 PM.

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#89 jagknife

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Posted 01 August 2011 - 12:15 PM

@TGfireandice Tom Gulitti
Devils would save $3,333,333 in cap space for 2011-12 with White and Hunter bought out.

@TGfireandice Tom Gulitti
For White, the 2/3 buyout would be $2 million, spread over two years—or $1 million per year.


@TGfireandice Tom Gulitti
For Hunter, acquired Thurs. from Isles for Rolston, the buyout price would $2,666,667 spread over four seasons—or $666,667 per season .
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#90 Toaster13

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Posted 01 August 2011 - 12:16 PM

A buyout is 2/3 of the remaining salary over double the length remaining on the contract.

Edit: Buyouts are a little more complicated and factor in the difference between salary and cap hit from year to year as well.

Edited by Toaster13, 01 August 2011 - 12:18 PM.

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#91 SterioDesign

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Posted 01 August 2011 - 12:18 PM

this is good if they are simply cleaning the team for the young movement and getting more cap space for a move or for the trade deadline

this is bad if it means that the team is in real financial trouble
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#92 Devilsfan118

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Posted 01 August 2011 - 12:19 PM

What is this I don't even...sh!ts getting blown up!

Some good reasons for the buyout in this thread, but I mean...as was mentioned above:

1. Volchenkov - Greene
2. Tallinder - ??
3. ?? - ??


with the '??' representing unproven talent.

We've had this debate before on the boards, but I still don't think Tao is proven. Obviously Larsson is a rookie but will probably play in the bottom pairing. Fayne had a solid-ish second half last year, but is he a top 4? Salvador, off of not playing for an entire year? Fraser ( :argh: )?

Edited by Devilsfan118, 01 August 2011 - 12:19 PM.

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#93 Daniel

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Posted 01 August 2011 - 12:19 PM

If they are claimed off of waivers, does that relieve the Devils of any obligation to pay them?

This is clearly not a cap issue, but a hard dollars issue. Keep an eye on September 1, when the team has to write an $80 million check.
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#94 Marshall

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Posted 01 August 2011 - 12:20 PM

If they are claimed off of waivers, does that relieve the Devils of any obligation to pay them?


One would assume such.
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#95 Marv4Life

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Posted 01 August 2011 - 12:21 PM

Until there's a major salary dump you can't just blame ownership and assume the worst.

I find it sad that Colin White is considered the best D-Man. And he's been insignificant the last few years.
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#96 njdevil26

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Posted 01 August 2011 - 12:22 PM

If they are claimed off of waivers, does that relieve the Devils of any obligation to pay them?

This is clearly not a cap issue, but a hard dollars issue. Keep an eye on September 1, when the team has to write an $80 million check.


They don't get actually bought out until they clear waivers. Andrew Peters was bought out then Florida picked him up but the Devils still pay him. If they clear waivers THEN get bought out.... the Devils will pay them whether another team signs them or not.
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#97 Triumph

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Posted 01 August 2011 - 12:22 PM

If they are claimed off of waivers, does that relieve the Devils of any obligation to pay them?


yes. hunter won't be claimed, there's a slim chance white will be.

This is clearly not a cap issue, but a hard dollars issue. Keep an eye on September 1, when the team has to write an $80 million check.


hunter is not a cap issue but a 'i don't want to play this guy' issue. white, i don't know. if salvador is healthy why didn't they just buy him out instead? strange things are afoot at the circle K.
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#98 Devils Pride 26

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Posted 01 August 2011 - 12:23 PM

Very saddened to hear this about White. He was a whipping boy around here for a long time, but was a Devil through and through. Between practically playing with one eye, to being the vet on the blueline. Sad to see him go. On a personal note, still remember when he was only coming up around the same time I was getting hooked (19 now).
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#99 MadDog2020

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Posted 01 August 2011 - 12:26 PM

White? As in Colin White? Did NOT see this coming.
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#100 Quinn01

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Posted 01 August 2011 - 12:27 PM

1. Langs
2. Arnott
3. Rolston
4. White
5. ______

Whos next on the whipping post?
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