There's absolutely no way they buy him out. 0 chance. His contract is insured. His situation sucks but this team has a very good 2 c in Pinto. And Grieg as a 3 c they're lucky to have this depth. If Norris comes back great he can play wing. If not they LTIR him and use his money
Do you know for a fact of his contract is insured against shoulder injuries?
I could not find reference to it when I looked online for articles. I know he had previous shoulder injuries prior to signing, so I wonder if it is a pre-existing condition. So it's been something I wondered about..
One thing to keep in mind about insurance is that it covers up to 80 percent of the contract. A U26 buyout relieves the Senators of 66.66 percent. So the actual money aspect will be very close. It comes down to whether they would rather be in LTI for 8 seasons with a large 8M of LTI cap to work around or have an average of 1.5M cap penalty for 9 seasons (first 3 seasons he has no hit).
Strategically a buyout makes more sense to me. But there are a lot of different factors.
A major benefit of a buyout is the cap flexibility over the next 3-4 years, which is the window with this core while all the big names are still cost controlled. No dealing the the competitive disadvantage of LTI, and the cap penalty is very close to 0 (100k credit each year 1-3, 600k penalty year 4, real dead cap doesn't start for 5 years).