The National Hockey League has been dealing with some interesting loopholes in regards to compliance buyouts. The New York Post reported that the Toronto Maple Leafs and Tampa Bay Lightning were talking about a trade involving Vincent Lecavalier, where the Leafs would then buy him out. Lecavalier would then be able to re-sign with Tampa at a more cap friendly price.
The benefit for Toronto would have been an asset or a draft pick that would come along with Lecavalier in the deal. Since the Leafs are not a franchise that has to worry about finances and if they weren’t planning on using both of their buyouts, it could be an easy way for them to pick up a young prospect.
The collective bargaining agreement doesn’t allow teams to re-sign players they have bought out for one year, so that’s why the Lightning needed to use another team to complete the transaction. Although the move appeared to be a shrewd one by Tampa, the NHL disallowed it because it circumvented the CBA.
Lecavalier signed an 11-year deal that kicked in during the 2009-10 campaign, which has a cap hit of $7.7M per year.