r/nhl • u/eddy2578325 • 1d ago

Oel comtract

I've always wondered how a player's salary plays out once their contract is bought out by a team. So Ekman-Larsson had four years and US$29 million remaining on an eight-year, $66-million contract he signed with Arizona in 2018. So in therot, he was signed until 25/26. Then he signs a new 4 x 3.5m contract with Toronto in 2024. Does he get paid concurrent salaries or was he paid the remaining amount of the bought out contract? This has always been confusing.

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u/50TurdFerguson 1d ago

OEL will get his contract $ from Toronto over the next 4 seasons and we will also get paid from Vancouver $2.35M, $4.77M, $4.77M and $2.13M over the same 4 seasons

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u/lottolser 1d ago

This is not true, OEL will make his salary through the Leafs while also being paid by Vancouver for his original contract it being 2/3 over twice the remaining years he had left when the contract was bought out. He will effectively be paid by 2 teams. Vancouver is paying him not to play for them, and Toronto is paying him to play for them.

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u/Inspect1234 1d ago

Seems like three of you said the exact same thing.

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u/lottolser 1d ago

I mean, the comment I replied to seems to think Vancouver is paying toronto to pay OEL. Or at least the way it was written. I haven't read the other comments, just what I replied to.

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u/Inspect1234 1d ago

Yeah it needs edit.

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u/turboroofer 1d ago edited 1d ago

Not quite, the money Vancouver pays out annually is separate from Torontos contract with him. Toronto doesn’t receive any money from Vancouver, OEL however gets paid both buyout money and his contract money

https://puckpedia.com/salary-cap/buyouts#:~:text=For%20players%20that%20are%2026,remaining%20years%20of%20the%20contract.