A lot of the OEL discussion here seems to being phrased around buying him out now or not buying him out at all, and not looking at the option of buying him out another year. Looking at a buyout calculator, the longer you can delay buying OEL, the softer the buyout penalty will be. The biggest benefit to buying him out now is the 2023-24 season gives the biggest single season boost, with his cap hit practically disappearing for the year.
Personally I don't like that. Is this a make or break year where it's vital for one season only to have an extra $7M cap hit? That's something you do if you need to go all in, like a Toronto. Or maybe if you can create a 1 year Mats Sundin type situation. The goal for the Canucks is to make the playoffs first which they haven't done yet, and with how weak the West is that should be achievable next season with OEL.
In my opinion, an OEL buyout should be saved for when you absolutely need that cap space to resign an existing player like Pettersson or Kuzmenko. So the thing with a buyout now is if you do it to spend that money you're probably locking yourself into some multi-year contracts, that will now be on the books when the OEL penalty hurts and you need to resign guys. That's a dangerous situation.
Ideally, while we're never going to get value for OEL's actual cap hit, the best situation would be if he can rebound from his injuries and be an Olli Maatta like defensive partner for Hronek. That at least creates some value for the team, and you kick the buyout option down the line until it's absolutely necessary. At the very least with no emergency situation right now you give him the season to show if he can rebound or not.
For the record these are the capfriendly.com calculator numbers:
[TABLE=collapse]
[TR]
[TD]SEASON[/TD]
[TD]BUYOUT COST[/TD]
[TD]POST-BUYOUT EARNINGS[/TD]
[TD]SAVINGS[/TD]
[TD]
[TABLE=collapse]
[TR]
[TD]CAP HIT (VAN)[/TD]
[/TR]
[/TABLE][/TD]
[TD]
[TABLE=collapse]
[TR]
[TD]CAP HIT (ARI)[/TD]
[/TR]
[/TABLE][/TD]
[/TR]
[TR]
[TD]2023-24[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$8,083,333
[/TD]
[TD]
$146,667
[/TD]
[TD]
$20,000
[/TD]
[/TR]
[TR]
[TD]2024-25[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$5,583,333
[/TD]
[TD]
$2,346,667
[/TD]
[TD]
$320,000
[/TD]
[/TR]
[TR]
[TD]2025-26[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,833,333
[/TD]
[TD]
$4,766,667
[/TD]
[TD]
$650,000
[/TD]
[/TR]
[TR]
[TD]2026-27[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,833,333
[/TD]
[TD]
$4,766,667
[/TD]
[TD]
$650,000
[/TD]
[/TR]
[TR]
[TD]2027-28[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
-$2,416,667
[/TD]
[TD]
$2,126,667
[/TD]
[TD]
$290,000
[/TD]
[/TR]
[TR]
[TD]2028-29[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
-$2,416,667
[/TD]
[TD]
$2,126,667
[/TD]
[TD]
$290,000
[/TD]
[/TR]
[TR]
[TD]2029-30[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
-$2,416,667
[/TD]
[TD]
$2,126,667
[/TD]
[TD]
$290,000
[/TD]
[/TR]
[TR]
[TD]2030-31[/TD]
[TD]
$2,416,667
[/TD]
[TD]
$2,416,667
[/TD]
[TD]
-$2,416,667
[/TD]
[TD]
$2,126,667
[/TD]
[TD]
$290,000
[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2024-25[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$5,944,444
[/TD]
[TD]
$2,028,889
[/TD]
[TD]
$276,667
[/TD]
[/TR]
[TR]
[TD]2025-26[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$3,194,444
[/TD]
[TD]
$4,448,889
[/TD]
[TD]
$606,667
[/TD]
[/TR]
[TR]
[TD]2026-27[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$3,194,444
[/TD]
[TD]
$4,448,889
[/TD]
[TD]
$606,667
[/TD]
[/TR]
[TR]
[TD]2027-28[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
-$2,055,556
[/TD]
[TD]
$1,808,889
[/TD]
[TD]
$246,667
[/TD]
[/TR]
[TR]
[TD]2028-29[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
-$2,055,556
[/TD]
[TD]
$1,808,889
[/TD]
[TD]
$246,667
[/TD]
[/TR]
[TR]
[TD]2029-30[/TD]
[TD]
$2,055,556
[/TD]
[TD]
$2,055,556
[/TD]
[TD]
-$2,055,556
[/TD]
[TD]
$1,808,889
[/TD]
[TD]
$246,667
[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2025-26[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$3,500,000
[/TD]
[TD]
$4,180,000
[/TD]
[TD]
$570,000
[/TD]
[/TR]
[TR]
[TD]2026-27[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$3,500,000
[/TD]
[TD]
$4,180,000
[/TD]
[TD]
$570,000
[/TD]
[/TR]
[TR]
[TD]2027-28[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
-$1,750,000
[/TD]
[TD]
$1,540,000
[/TD]
[TD]
$210,000
[/TD]
[/TR]
[TR]
[TD]2028-29[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
-$1,750,000
[/TD]
[TD]
$1,540,000
[/TD]
[TD]
$210,000
[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2026-27[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$3,500,000
[/TD]
[TD]
$4,180,000
[/TD]
[TD]
$570,000
[/TD]
[/TR]
[TR]
[TD]2027-28[/TD]
[TD]
$1,750,000
[/TD]
[TD]
$1,750,000
[/TD]
[TD]
-$1,750,000
[/TD]
[TD]
$1,540,000
[/TD]
[TD]
$210,000
[/TD]
[/TR]
[/TABLE]