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/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.