Financial repercussions CapFriendly on Twitter:Yamamoto is less than 26 years of age and therefore his buyout costs 1/3 of the remaining value. With 1 year left it will span 2 years. Buyout Cap Hit: 23-24: $433k ($2.67M savings) 24-25: $533k”
Yamamoto is less than 26 years of age and therefore his buyout costs 1/3 of the remaining value. With 1 year left it will span 2 years.
Buyout Cap Hit:
23-24: $433k ($2.67M savings)
24-25: $533khttps://t.co/2zZZwWXdn5 https://t.co/jUTGBcAYON— CapFriendly (@CapFriendly) June 30, 2023
by zze0001
12 Comments
So basically we paid $1mil over 2 years for Kostin and have up no other assets. A bit surprised he didn’t get a shot, but it seems like this was the plan from the beginning. I think Klim can add a ton to the bottom 6. I’m picking Sunny with more skill (hopefully).
A drop in the bucket relative to our cap space. Basically turns Kostin’s deal into a cheap-ish salary +500K for two years. Fine by me!
Do the players get the full amount of money when a buyout happens? Is it just about the cap hit or does it impact the real money?
It’s just amazing. I thought we got Yamamoto cuz the Oilers needed cap space. Didn’t realize he was useless to us and the real piece of why we did it was Kostin. Wow
I’m honestly surprised Edmonton couldn’t fit this low of a buyout and still keep Kostin tbh, they’d still have like 5 or 6 mil in cap space and only need to sign like 3 or 4 forwards+Bouchard is an RFA. I wonder what Bouchard is getting
Red Wings legend Kailer Yamamoto. It’s almost like he just joined us yesterday. Farewell friend. We hardly knew ye.
This is kind of lame in my opinion. Would have at least liked to see what he had in camp. Could always put him on waivers or trade him to a team for future considerations and retain half the salary for just the 1 year
Not a big deal. Basically just Kostin for free.
>“Not sure what I’m doing on Kostin,” Holland told reporters. “Obviously being a Russian player, he’s had conversations with the KHL. I’ve gotta decide over the next three or four days what we’re doing here with Klim.”
>There have been reports that the two sides have discussed a potential extension, with the Oilers wanting to pay him around $1.25 million while Kostin’s camp is closer to the $1.75-2 million range. If a deal can’t be worked out, Holland has a few options he can choose from.
>Holland could choose to qualify Kostin, which would allow the Oilers to retain his rights. If this were the case, he could return to the Kontinental Hockey League (KHL) for the 2023-24 season, and perhaps return to Edmonton in 2024-25 once the cap is expected to see a significant increase.
>The other option would be a trade. As mentioned, Kostin had a very solid season in Edmonton, providing some secondary scoring while also bringing a very valued physical edge. That said, he is unproven and seems to project as more of a bottom-six player for the entirety of his career. While there would be some interest in him on the open market, the Oilers likely wouldn’t receive a ton back, which would be quite disappointing given how much the fan base came to enjoy his game and personality this past season.
https://thehockeywriters.com/oilers-should-not-extend-klim-kostin/
A lot of things the Oilers could have done, they took the minimal cap savings the next 2 seasons (by not buying out Yamamoto) over waiting on Kostin a year in Russia.
i wish i got paid half a million to not go to work.
The biggest issue I see (if I understand correctly) is that buyouts count against salary retention slots. In essence I don’t think we can retain salary on 3 players because of this buyout (and vrana is still retained for the upcoming season)
EDIT: i am wrong. Doesn’t count against retained salary slots
Can someone smarter than me explain this move? If we don’t want the player but his contact is the cost of the guy we do want, why don’t we keep Yamamoto and try to send him down to Grand Rapids? If he clears waivers, we get a veteran presence in the AHL and if he gets picked up, we don’t even have the buyout hit. I’m sure I’m missing something, but this can’t think of what. Please help?