Compliance buyout


Compliance buyouts allow National Hockey League teams to buy-out a player's contract by paying him two-thirds of the remaining value of a contract over twice the remaining length of the contract. If the player is under 26 years old, then the team may pay the player just one-third of the remaining contract value. In ordinary-course buyouts, the team's NHL salary cap hit for the player is stretched over a period of twice the remaining length of the contract. Compliance buyouts follow the same formula as ordinary-course buyouts but do not count against the cap.
Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than expected cap value, regardless of the player's age. After using a compliance buyout on a player, that player is prohibited from rejoining the team that bought him out for one year; the NHL deemed that the re-signing of a player following a trade and a subsequent compliance buyout would be ruled as cap circumvention.
Following the 2012–13 NHL lockout each team was granted one accelerated compliance buyout in order for teams to meet the lowered salary cap. This could be used on a player with a salary cap hit of US$3 million or more before the regular season began. If an accelerated compliance buyout is used, that team will only have one more compliance buyout left, and they must use it after the completion of the 2012–13 season. The player's cap hit is applied in full to the team's salary cap for the 2012–13 season, but for no season after, regardless of contract length.
Available during the off-season in 2013 and 2014, amnesty buyouts begin 48 hours after the conclusion of the Stanley Cup Finals.
In 2013, it began 48 hours after the conclusion of the Stanley Cup, and ended on July 4, 2013. The second NHL compliance buyout period opened on June 16, 2014, and ran through June 30, 2014, with 26 teams having one or more compliance buyout available to be used.

List of compliance buyouts

The following is an unofficial list of all the compliance buyouts that have been used:
TeamPlayerDateLengthAmountReferences
Buffalo Sabres years$7,333,333
Buffalo Sabres14 years$12,000,000
Calgary Flames years$1,466,667
Chicago Blackhawks years$2,733,333
Chicago Blackhawks years$2,833,333
Dallas Stars years$1,066,667
Detroit Red Wings years$1,900,000
Detroit Red Wings years$1,333,333
Edmonton Oilers years$833,333
Florida Panthers years$2,666,667
Minnesota Wild years$2,000,000
Montreal Canadiens1 years$3,000,000
Montreal Canadiens years$3,000,000
New Jersey Devils years$933,333
New Jersey Devils years$5,666,667
New York Islanders16 years$24,000,000
New York Rangers1 years$3,333,333
New York Rangers12 years$20,666,667
Philadelphia Flyers years$3,333,333
Philadelphia Flyers14 years$23,000,000
San Jose Sharks years$4,000,000
Tampa Bay Lightning14 years$32,666,667
Tampa Bay Lightning years$1,666,667
Toronto Maple Leafs years$2,333,333
Toronto Maple Leafs years$14,333,333
Vancouver Canucks years$5,600,000
Vancouver Canucks years$3,166,667
Washington Capitals years$2,000,000

; Notes
  1. Accelerated compliance buyout