Confirmed with Link: Kings Buyout Phaneuf

[Ziggy Stardust]

Click to read more...

 

[Ziggy Stardust]

Au revoir to the worst player in the NHL.

 

[Ghetty Green]

Goodbye Dion. What a run it was

 

[Nodoughtyboutit]

Alright starting off the post season strong!

 

[crassbonanza]

Interesting move, I wonder if they are just doing this to free up a roster spot on the blue line

 

[kovacro]

 

[kovacro]

As a review to those wondering the buyout numbers.

Dion Phaneuf Contract Buyout Details - CapFriendly - NHL Salary Caps

The Kings have a $4+ million cap hit next year but, otherwise it’s not too bad. I was in the camp of keeping him one more year and then buy him out so what do I know.

 

[SettlementRichie10]

This is a clear acknowledgment from management that the Kings won’t be contending for the next 3-4 years.

I like it.

 

[Ziggy Stardust]

 

[kovacro]

One last Phaneuf pylon photo.

 

[Johnny Utah]

What’s the Phaneuf buyout vs just buying out Gaborik?

Thompson and Shore were a wash, even though we swapped a pick for one.

 

[kovacro]

This is a clear acknowledgment from management that the Kings won’t be contending for the next 3-4 years.

I like it.

Even if they are in contention in year 3-4, that buyout number is just over a million so combined with the assumed rise in the Cap going forward, that’s chump change.

It’s year 2 of the buyout where LA bites the bullet but, I’m ok with it.

 

[Ziggy Stardust]

What’s the Phaneuf buyout vs just buying out Gaborik?

Thompson and Shore were a wash, even though we swapped a pick for one.

Gaborik's injury prevents him from being bought out. Then again, I'm surprised Phaneuf was healthy. Judging by his performance, it appeared that he may have been suffering from brain damage.

 

[KopitarFAN]

This is a clear acknowledgment from management that the Kings won’t be contending for the next 3-4 years.

I like it.

I hope you're right, i'll be upset if they turnaround and sign Panarin (or something).

 

[kovacro]

What’s the Phaneuf buyout vs just buying out Gaborik

Here’s what it looks like per Cap Friendly for the Sens buying out Gaborik. I’m assuming it would be similar numbers if he was still a King.

Edit: pending he was healthy as ZD noted above.

Marián Gáborík Contract Buyout Details - CapFriendly - NHL Salary Caps

 

[Ziggy Stardust]

 

[BKarchitect]

This is a clear acknowledgment from management that the Kings won’t be contending for the next 3-4 years.

I like it.

Wouldn’t replacing Phaneuf with a traffic cone from the minors actually improve your chances at contention?

 

[Steve Zissou]

 

[Little Psycho]

 

[kingsholygrail]

Not surprising. Can't buy everyone out.

 

[Horse McHindu]

I didn’t realize that Phaneuf had fallen so far.

 

[Sol]

The king is dead. Long live the king.

 

[Bandit]

This is a clear acknowledgment from management that the Kings won’t be contending for the next 3-4 years.

I like it.

Why exactly is that? Seems more like they want to replace him with a better player in the hopes of being better.

Still don't understand this move. They're gonna be bad without him, they could have just held onto him and still been bad too.

 

[funky]

Interesting move. So Dions buyout and Richards termination contact penalties look like this the next 4 years

19/20 - $3,757,500
20/21 - $4,762,500
21/22 - $1,962,500
22/23 - $1,962,500

Notable is Richards penalty significantly drops after next season.

In Two years things look quite a bit better. At least we didn’t give up prospects or picks to get out of a bad contract.

Big Mac can get called up and play in Dions role, produce about the same while adding some nasty and at under a million his salary and Dions buyout basically are the same as having Dion on the team. Just stringer, younger, grittier with a bit of upside.

 

[Steve Zissou]

Dion is still laughing his ass to the bank. What a troll he is.