Report: Domi to be bought out
It's not often you see news break late on a Friday night, but The Score reported tonight that the Toronto Maple Leafs will buyout Tie Domi:
The Toronto Maple Leafs plan to buy out the contract of veteran winger Tie Domi, The Score Television Network reported late yesterday. A member of the Maple Leafs since the 1994-95 season, Domi has one year remaining on a two-year, $2.5-million (U.S.) contract he signed in August of 2005.The Toronto Sun's Steve Simmons addressed this possibility earlier this week, saying essentially that it would cost Toronto more to buy Domi out than to keep him.
Under the National Hockey League's new collective labour agreement, he would be owed two-thirds of his remaining salary — $833,000 (U.S.) — and the buyout amount would count against the Leafs' salary cap for the 2006-07 season.
Just as a note, the NHL's buyout period begins on June 15 (later if the finals extent past that date) and continues until June 30. Consider the Boston Bruins Alexei Zhamnov an excellent candidate to also get his walking papers.