Posted by crzymdups:
Posted by islesfan:
[quote]Posted by Ira:
Maybe I'm wrong, but it's my understanding that when you buy a player out, he still has the same cap hit.
I thought the same thing but from what I now understand is that your cap hit is the cost of the buyout averaged out over the remaining years. If he signs another contract though, the yearly average of his new contract is subtracted from his former team's cap hit.
The problem with that is you have to hope that another team offers him a big enough contract to offset the cap hit you're going to take, after you buy him out for $50M.
so, ZBo has 3yrs $48M remaining on his deal, if we tell him he won't ever play again here and he can clearly get a MLE from another team and buy him out at $36M, then he signs with another team for 3yrs $15M (mle), would our cap hit only be $21M (the $36M we pay him, minus the $15M he gets from another team?)? that might actually be worth it.
Absolutely. It's simple math/simple business. If you cant see the ease of this deal--the benefit for ZBO--the Knicks the tean acquiring Zbo--then you've got your head where the sun doesn't shine.
[Edited by - BRIGGS on 06-17-2008 6:46 PM]