July, 25, 2005
The clock is ticking on the NHL's one-time only compliance buyout week. If clubs put their bad contracts out by the curb before 5 p.m. Friday, they'll be carted off to the league's compliance dump. There is one catch. An owner will have to be willing to write a check for two-thirds the remaining value of that contract to rid himself of the player. In compliance buyout week, though, that money will not be counted against the cap. After the week, you can still exercise a buyout, but the money will be charged to your cap. Although some fans might expect a truckload of buyouts during this "bargain" week, the smart money says there will be less than a dozen.