CANADIENS WILL BE SERIOUSLY DAMAGED BY LACK OF CBA BUYOUT PROVISION

Dec 11th, 2012 | By | Category: Canadiens, Latest News

Consider the plight of the Canadiens if the NHL has it’s way through the new Collective Bargaining process bans the so called “compliance buyout”,  one of the three remaining major issues preventing final settlement.

Commissioner Gary Bettman and the majority of the league’s governors are adamantly opposed to any form of  provision that would allow teams to buy out unwanted contracts without salary cap repercussion.  The players believe that buyouts are a necessary tool in order for  teams to comply with the new reduced salary cap.

The Player’s Association has already signed off on a fourteen percent salary cap reduction, down from 70.3 million dollars to 60 million.  That leaves about one third of the league including the Canadiens  in an accounting box.  These teams have spent right up the salary cap ceiling as was their right under the old CBA.   Their salary cap is coming down by just over ten million dollars but the league has given them no mechanism that would allow teams to extricate themselves from inflated  existing contracts.

For the 2013-14 season when the full effect of the new salary cap kicks in, the Canadiens already have sixteen players under contract totalling 60.6 million dollars, already 600 thousand over the proposed new cap ceiling.   NHL rosters are twenty-three which means between now and next September they’ll have to sign seven players with no available money to do it.   It leaves Marc Bergevin in the Catch-22 situation of needing to fill out the remaining roster spots with no cap money with which to do it

Scott Gomez and Tomas Kaberle will be entering the final year of their long term contracts next season.  Their combined cap hit is 11.6 million dollars.  An ability to take those contracts off the payroll through an unrestricted buyout would give Bergevin the eleven million dollars spare change he needs to fill out his roster, including the signing P.K. Subban.

Fully one third of the league, those who spent up to the salary cap are facing the same problem to one degree or another.  I think it’s safe to assume that Geoff Molson and most of the rest of that group  are quietly cheering for Donald Fehr and the players to win out on an issue that places them between a rock and a hard place.  Unfortunately, those teams are the financially stable NHL teams and the league’s basketcases are running the lockout.

2 Comments to “CANADIENS WILL BE SERIOUSLY DAMAGED BY LACK OF CBA BUYOUT PROVISION”

  1. Philippe Ouimet says:

    The same old song and dance ….the weak gather together to TRY and beat the strong and …..but in this instance they could make it happen. It’s beginning to look bad for those who beleived in a possible agreement between players and owners.
    The NHL could and deserve to lose their money makers…they are doing everything possible to bring down well established franchises to the level of the USA sunbelt franchise loosers. I for one do not beleive this will fly with the minority money making elite. One thing is certain …this will be played out!!!!! In the meantime LHJMQ hockey is outstanding, it’s exciting, tickets are reasonable,and parking is free…GO ARMADA GO!!!!!

  2. Mel64 says:

    who cares lots of junior, minor to watch. take a couple of years off then see about wanting to play for nothing with the arenas empty.

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