2013-14 NHL Amnesty Buyout Candidates

2013-14 NHL Amnesty Buyout Candidates
NHL 2013-14 Amnesty Candidates

NHL 2013-14 Amnesty Candidates

The most recent (and hopefully final) offer between the NHL & NHLPA outlines a drop in the team salary cap down to $60M for 2013-14, from $70.2M in 2012. To combat this drastic hit to rosters, the league is proposing the availability of at least one (maybe two) Amnesty Buyouts per team prior to the 2013 season.

Understanding the Amnesty Waivers Process
An Amnesty Buyout allows a team to "waive" a player without any of their remaining owed money counting against the salary cap. The money is still paid to the player. The player will be placed on waivers, allowing other teams to submit an offer sheet based on the remaining years of the contract and the price they wish to bid. Once an offer sheet is accepted, the team losing the player will only need to pay the difference of the original amount minus the accepted offer.

Scenario: Player Likely to Be Picked Up

Let's assume the Washington Capitals choose to amnesty D, Mike Green. Green holds a cap hit of $6.08 milion through 2014. The Toronto Maple Leafs bid of 2 years, $8 million is accepted, leaving a balance of $4.16M left for Washington to pay in cash (no cap hit). Toronto now has Mike Green on their roster at $4 million against their 2013 cap, and $4 million against their 2014 cap.

Scenario: Player Not Likely to Be Picked Up
The Islanders have G, Rick DiPietro on their roster at $4.5M base salary through 2020, or $36,000,000 still owed. By using an amnesty buyout on him, and assuming that his services are useless with another franchise, the Islanders will still pay DiPeitro the $36 million at $4.5 million per year, but it will no longer count against their salary cap. This is a huge victory for New York going forward.

2013-14 Team Caps, Free Agents, and Amnesty Candidates
Team 2013-14 Cap Notable 2013 FA Amnesty Candidates Dead Yrs/Money
Anaheim $28.8M Getzlaf, Perry, Koivu
Boston $41.1M Rask, Horton Marc Savard 4yr x $4M
Buffalo $49.6M Hodgson Ville Leino 4yr x $4.5M
Calgary $47.8M Iginla Matt Stajan 1 yr x $3.5M
Carolina $36.6M Tuomo Ruutu 3yr x $4.75M
Chicago $57.2M Marion Hossa 8yr x $5.275M
Colorado $47.8M Hejduk David Jones 3yr x $4M
Columbus $42.9M James Wisniewski 4yr x $5.5M
Dallas $23.9M Benn, Roy, Morrow
Detroit $45.1M Howard Johan Franzen 7yr x $3.95M
Edmonton $36.4M Gagner Shawn Horcoff 2yr x $5.5M
Florida $41.9M Theodore, Weiss Brian Campbell 3yr x $7.14M
Los Angeles $48.7M Gagne, Penner
Minnesota $51.1M Backstrom Danny Heatley 1yr x $7.5M
Montreal $55.6M Subban Scott Gomez 1yr x $7.35M
Nashville $39.7M Hornqvist
New Jersey $32.3M Elias, Zajac, Henrique
NY Islanders $31.5M Bailey, Visnovsky Rick DiPietro 8yr x $4.5M
NY Rangers $51.8M Wade Redden 1yr x $6.5M
Ottawa $31.8M Alfredsson
Philadelphia $53.5M Timonen Chris Pronger 4yr x $4.92M
Phoenix $32.9M
Pittsburgh $52.5M Paul Martin 2yr x $5M
San Jose $50.0M Clowe Patrick Marleau 1yr x $6.9M
St. Louis $32.1M
Tampa Bay $53.1M Ryan Malone 2yr x $4.5M
Toronto $41.5M Lupul
Vancouver $50.6M Keith Ballard 2yr x $4.2M
Washington $44.8M Mike Green 2yr x $6.08M
Winnipeg $27.4M Bogosian, Wheeler