By Kevin McGran Sports Reporter Mon., May 6, 2019 Let me start today with a correction. Last week I answered a question by saying that the Patrick Marleau’s contract could not be bought out since he signed it when he was over 35. That’s not true. It can be bought out, it’s just that the cap hit will remain with the team. So, kind of, there’s no point. But maybe there is. Credit here to a faithful reader, Dave B, who patiently corrected me. I’ll let him explain. “Hi Kevin. Thanks for answering my question last week about getting another team to buyout Marleau. I have a follow-up comment about it. In your answer, you said that Marleau’s contract can’t be bought out because it was signed when he was over the age of 35. According to capfriendly.com, a 35+ contract can be bought out, but the team receives no cap relief from the buyout. They would only save 1/3 of the salary remaining on the contract, with the rest payable over twice the length remaining. In Marleau’s case, buying out his contract would result in the full $6.25M cap hit next year, and $416,667 owed in salary for each… Read full this story
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