I have always liked Bailey...past this last season. The enormous drop off is still a bit puzzling. He has however been one hell of an Islander and i would think buying him out and letting him make his own decision and plans where to play next, are deserved.
I agree with your point that treating Bailey well should be a consideration. Does this clearly state the options?
1. Sending him to the AHL saves 1.150 off the cap
Pro:
- No cost to future years or assets.
- NYI retain additional depth.
- Bailey might not want to play in the AHL, and LTI-Retires.
Con:
- Saves the least off the cap.
- Treats a loyal player badly.
2. Buying him out.
Pros:
- Saves 2.46 off the cap in 23/24
- No cost to futures
- Treats loyal player with respect
Cons:
- Costs 1.115 on the cap in 24/25
3. Retaining 50% on give-away trade
Pros:
- Saves 1.75 off the cap in 23/24
- No cost to futures
Cons:
- Possibly treats a loyal player badly.
4. Trade with an asset without retention
Pros:
- Saves 5 off the cap in 23/24
Con:
- The long term pain/lack of flexibility from the lost asset could hurt more.
Bailey is one of those players who plays better with good players. He doesn't work as a bottom 6 forward, he doesn't work with Barzal, so his only fit is on Nelson's RW, which is where Palmieri is. If NYI bury Bailey, he becomes insurance in case of a Palmieri injury. Maybe not a terrible thing because Palmieri does play a risky game.
Management has an advantage because they have to know Bailey's preferences. Personally, I'd delay the decision about buyout/burying until late June. NYI will have 5 days when they can both speak to UFAs, and buy out contracts. Then they can know best how important a 1.31M AAV difference on the 2023 cap is for them (2.46 buyout saves minus 1.15M AAV savings for buried contracts).
to quote the great Logan Roy - "you are not serious people" and that is exactly what I would say to the organization if this happens.
I don't understand why Capuano has never been a college coach. It's strange, because one would think it'd fit his style, and he has so much experience with the US National Program.