Both ways suck. Throwing away high picks hurts when we are trying to rebuild in a few years, buyouts hurt this team now when we are actually trying to compete. Our past buyouts are still hurting us, Klefboms LTIR is hurting us, Nurse, Keith and Kassians contracts, are hurting us. Our first this year is so Damn late it’s essentially a 2nd. A late first early second won’t be helping this team for 5 years, this team won’t be competing in 5 years time with our cap structure, we will be in San Jose land.
Here's the outline...
Lets assume that they trade a 1st to rid of Kassian...
Year 1 - 3.2m cap savings
Year 2 - 3.2m cap savings
Lets calculate the buyout...
Year 1 - 2.53m cap savings
Year 2 - 1.33m cap savings
Year 3 - 966K dead cap
Year 4 - 966K dead cap
Is burning a 1st really worth less than 700K cap savings this offseason (the biggest cap crunch offseason), 1.9m cap savings in Year 2 and avoiding less than 1m dead cap in Years 3 and 4 in an almost certain higher cap world? I don't think it is.
Say if you can unload it by retaining half and giving up a lesser pick, you're getting less cap savings this offseason and minimal cap savings next offseason compared to a buyout. Probably not worth it because this is the crucial offseason to gain as much cap space as possible.
None of the above options are ideal but I think the buyout is the best of the bad solutions in terms of maintaining a longer competitive window. Attaching a 1st to rid of the contract is slightly better for a win now solution but not enough to be worth it IMO.