With the NHL’s 2013-14 season at an end, teams will immediately embark on making changes to their roster. In addition to trades and free agency, GMs will have, for one last summer, the option to buy out contracts with no salary cap penalty.
The amnesty buyout period, which began last off-season but starts again today, provides each franchise with the opportunity to buy out two contracts; four teams (Chicago, Montreal, Philadelphia and Toronto) used their two buyouts last season, while ten (Detroit, Edmonton, Minnesota, Nashville, New Jersey, the Islanders, Rangers, Tampa Bay, Vancouver and Washington) have bought out one contract. That leaves 16 teams (Anaheim, Boston, Buffalo, Calgary, Carolina, Colorado, Columbus, Dallas, Florida, Los Angeles, Ottawa, Phoenix, Pittsburgh, San Jose, St. Louis, Winnipeg) with two buyout options), but there’s no guarantee any of those franchises will utilize them.
That said, it’s a virtual certainty a handful of players signed to expensive contracts will be amnestied. In reverse order, here are the top five NHLer contracts likely to be bought out:
5. Anton Volchenkov, Devils. At $4.25 million per season for the next two years, Volchenkov is the fourth-highest paid player on New Jersey – ahead of goalie Cory Schneider ($4 million) – and their top-earning blueliner. However, the 32-year-old Russian plays an average of just 16:47 per game – dead last among Devils D-men. He’s also missed at least 10 games every season since 2006-07.
The Devils currently have $57 million in used salary cap space for the 2014-15 campaign; if they hope to bring back unrestricted free agent defenseman Mark Fayne – and when they need to sign Schneider to a new deal next summer – using Volchenkov’s money will be a big help. Read more