As part of the NHL's latest Collective Bargaining Agreement, each club was granted two compliance buyouts to help jettison problem contracts signed under the previous CBA. While some teams acted quickly - either directly after the 2012-13 lockout ended or after the 2012-13 season's conclusion - many still have buyouts at their disposal prior to the July 1, 2014 deadline. Below is a list of each team's compliance buyout status, including players bought out and salary cap savings.
Under the current Collective Bargaining Agreement, each team is permitted two compliance buyouts before July 1, 2014. The buyouts do not count towards a team's salary cap obligations.
The team buying out players must pay out the money owed over a period of twice the remaining length of the contract.
Players over the age of 26 will receive two-thirds of their remaining salary owed over twice the amount of years remaining on their contract. Players who are younger than 26 at the time of the buyout will get one-third of the money remaining on their contact over twice the remaining length.