Prior to the hiring of Ken Holland as GM, the Oilers had been considering the possibility of buying out winger Milan Lucic’s contract this summer, reports Sportsnet’s Elliotte Friedman in his latest 31 Thoughts column. On the surface, this seems like a reasonable idea but given the front-loaded, bonus-laden structure of the contract, many had viewed his deal as virtually buyout-proof. Courtesy of CapFriendly, here is how the breakdown of a buyout would go:
Considering that Lucic carries a $6MM cap hit, the savings would be minimal. While they could certainly use the $2.375MM in extra space for next season, the fact that they wouldn’t save enough cap room in two of the next three years to roster someone making the league minimum makes going that route a short-term solution at best.