It appears increasingly likely that the Devils will not buy out the contracts of any of their players this summer. General manager Lou Lamoriello told The Star-Ledger he is not contemplating using either of the team's two amnesty buyouts this summer. Under the NHL's new collective bargaining agreement, a club would pay two-thirds of a remaining contract and that player's salary would come off the team's salary cap. "We are not contemplating a buyout at this point," Lamoriello said. "You have two years to do it and you can do it with two contracts. Right now there is no thought of a buyout. "Could that change? Yes. I would tell the player if I was going to do it, and I have not told any players." There have been suggestions that the Devils might consider buying out the remainder of defenseman Anton Volchenkov's six-year, $25.5 million contract signed on July 1, 2010. Volchenkov has three years remaining for a total of $12.75 million.
Devils not contemplating any amnesty buyouts this summer
Newark Star-Ledger | Jun 21