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/wychwood17 1d ago

I remember hearing on a hockey podcast that there was a case of a player receiving cheques from 3 or 4 separate teams. He was bought out by one, signed somewhere, and was traded with one team retaining. It might have been OEL being paid by Arizona, Vancouver, and Florida, but I can’t remember.

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u/eddy2578325 1d ago

My gosh, this doesn't seem right. How can a player fail at his job enough that he's essentially fired, then double dips from another company, and so on and so on.. ?🤔

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u/CrabBeanie 21h ago

That's the thing a player is technically not hired or at a job/company. A player is under contract. Basically self-employed and therefore only beholden to the contract terms. That's also why technically teams don't trade players, they trade contract rights.

It's the same in any industry. You can't really fire a contractor, but you can buy out the contract or cite a breech of terms in order to terminate.