The collective bargaining agreement
How buyouts work
Well, I started to get into how a big-time buyout of a contract like the one Daniel Briere scored in Philadelphia would work earlier today, but given how complicated the whole business is, I figured it was worth it's own post here.
Let's use Briere's contract, and it's front-loaded terms, as our example, and go with a situation that would see the Flyers buyout that deal after Year 5:
It's interesting how teams can't get away with a low cap hit in years when players' contracts dip, and with the way a buyout like this one would work, it's just the opposite. Years 7 and 8 would obviously be the most painful, although it's smooth sailing after that.
UPDATE My fault for not checking the CBA personally on this one. Players with no-movement clauses can be bought out. From section 11.8 (b) of the CBA:
A no-move clause may prevent the involuntary relocation of a Player, whether by Trade, Loan or Waiver claim. A no-move clause, however, may not restrict the Club's buy-out and termination rights as set forth in this Agreement.This Briere buyout information, therefore, is still wholly relevant.