Monday, July 25, 2005

Burke: Expect Few Buyouts

Most people including myself have been looking at buyouts in terms of the salary cap. But there is something we have not looked at close enough: cash. That is why Ducks GM Brian Burke says:

"That is not a prudent use of our season-ticket holders' money," Ducks general manager Brian Burke said. "From talking to other managers, I think you will only see a handful of buyouts (league-wide)."

That came one paragraph after this:
Even with the across- the-board, 24 percent reduction in existing contracts mandated by the new CBA, the Mighty Ducks are on the hook to pay center Sergei Fedorov $6.08 million, goaltender Jean-Sebastien Giguere $3.99 million, right wing Petr Sykora $3.116 million, and center Steve Rucchin and defenseman Keith Carney more than $2 million apiece in 2005-06. None should expect to be bought out.

That would be a lot of money for the Ducks to spend to free up cap space. I continue to think there will be a number of buyouts, but probably less than I originally predicted. The free agency period will still be very exciting.

Source: San Jose Mercury News (Registration Required, which is annoying. There isn't anything else good in that article anyway.)