Friday, July 22, 2005

7 Hours Until Buyouts Begin

The talk of the day of course is Crosby going to the Pens, but there is a lot of other stuff going on. Tomorrow, July 23, is when buyouts begin. Teams will have until 5PM EST on July 29 to buyout a player on their team. Buying out a player costs two-thirds of his current contract. If a player is bought out, they cannot rejoin that team for a full season, even through a trade. The reason there will be such a rush in the next six days is that if a player is bought out after 5PM next Friday, that payment will count against the team's cap.

Free-agency begins on August 1. That will be a crazy, yet very exciting time for us hockey fans. The composition of a lot of teams is going to change dramatically. Some teams will be looking for a few key pieces, while others have to almost start from scratch.

I'm going to try and keep the blog updated with the latest news, information and analysis during this hectic time around the NHL. I will be linking to plenty of other blogs out there as there are some great hockey bloggers on the net. I also will be looking for the analysis of team specific bloggers. If there is a big signing or buyout with a team, I will try to link to knowledgeable writers/bloggers who cover that team day in and day out.

Though I'm sure most of you can easily find the order of the draft, here is a link for your convenience.