Gerbe waived

[gebobs]

http://www.sbnation.com/nhl/2013/7/3/4490462/nathan-gerbe-buyout-sabres-free-agency-2013

The Buffalo Sabres have placed forward Nathan Gerbe on unconditional waivers with the intention of administering a compliance buyout, according to Bob McKenzie of TSN on Wednesday afternoon.

Gerbe was scheduled to enter the final-year of a three-year, $4.35 million contract that carried an annual average value of $1.45 million against the salary cap. Under the new collective bargaining agreement, teams are permitted two compliance buyouts that remove a player's salary from their salary cap allotment without penalty. This option was created due to the declining nature of the salary cap for the 2013-14 season, as well as a way to adjust to new contractual rules in the collective bargaining agreement that eliminated front- or back-loaded contracts.

Buffalo presently has $13.7 million in cap space with Gerbe on the roster, according to CapGeek.com. By administering a compliance buyout, the club will add $1.45 million to that total.

Gerbe was scheduled to become a restricted free agent next season. He will now become an unrestricted free agent this summer.

[sukie]

Re: Gerbe waived

Gerbe was scheduled to become a restricted free agent next season. He will now become an unrestricted free agent this summer.

Or a jockey.

[OpIv37]

Re: Gerbe waived

um..... I don't get it.

Don't get me wrong- I'm not a huge Gerbe fan and I've been critical of his size ever since he came into the league (don't make me bump all those threads and do the "I told you so" thing). But he only counted $1.45 million against the cap and we have $13.7 million in cap space so it's not like we're tight- that's peanuts by NHL standards. He must have really pissed off Rolston and/or DR to get bought out when his cap hit isn't a problem at all.

[gebobs]

Re: Gerbe waived

Under the new collective bargaining agreement, teams are permitted two compliance buyouts that remove a player's salary from their salary cap allotment without penalty.

There are others here that might help me out with this. Why Gerbe? Why not use it for real dead weight like Leino and Stafford?

I like Gerbe. He's a hard worker. I was never convinced his NCAA success would translate to the NHL though. Far too small and not enough speed to compensate for it. Here's hoping he banked his cash. It's not likely he'll ever see a salary like that again. Heck, he might have played his last NHL game.

[OpIv37]

Re: Gerbe waived

There are others here that might help me out with this. Why Gerbe? Why not use it for real dead weight like Leino and Stafford?

I like Gerbe. He's a hard worker. I was never convinced his NCAA success would translate to the NHL though. Far too small and not enough speed to compensate for it. Here's hoping he banked his cash. It's not likely he'll ever see a salary like that again. Heck, he might have played his last NHL game.

I think Reiger already said he's not going to buy out Leino. I'm not sure why, because the only justification for it I can see is that they are worried about not hitting the salary min.

If Stafford is still on the roster when the season starts, then Reiger is not doing his job. He has to be bought out or traded. The only reason for not buying him out would be a potential trading partner. It was rumored that a trade for Stafford fell through at the deadline, so if Reiger can get something for Stafford and not have to pay the cash for the buyout, then I don't blame him. But one way or the other, he truly is dead weight and represents what this team needs to change before they can succeed.

[DetDannyWilliams]

Re: Gerbe waived

it's to resign CoHo he's a RFA

[OpIv37]

Re: Gerbe waived

it's to resign CoHo he's a RFA

I still don't get it. We had $13.7 million in cap space with Gerbe on the roster. $1.45 million is not going to be the difference in resigning CoHo or not.

[gebobs]

Re: Gerbe waived

I still don't get it. We had $13.7 million in cap space with Gerbe on the roster. $1.45 million is not going to be the difference in resigning CoHo or not.

What will it take to sign Hodgson? $5M?

[Typ0]

Re: Gerbe waived

Must have decided he wasn't good enough to be on the team next year....

[Historian]

Re: Gerbe waived

Too easily hurt, IMO.

[SkateZilla]

Re: Gerbe waived

Why Buy out Gerbs 1.5 Mill and keep Leino's 4.5 Mill?

[OpIv37]

Re: Gerbe waived

What will it take to sign Hodgson? $5M?

Good question- 5 seems a little high given how little he's proven, but that seems to be about what players of his caliber make.

Even if it's 5, that leaves us with over $10 million in cap and we would have been over $8 million even with Gerbe. That would have been plenty to be players in FA.

[Jan Reimers]

Re: Gerbe waived

Gerbe is an exciting little guy who works hard, but he has had two disappointing seasons in a row. I think his size is a detriment, and he has had back problems.

I think we're going for more size and strength.

That being said, I wouldn't mind seeing a buyout for Leino, too, which would give us enough total cap room to sign some really good players (although Darcy says we're not going to make a big splash in free agency).

[PTI]

Re: Gerbe waived

I'd have cut ties with Leino, but he did play halfway decent with him.

They were 3-2-3 with him

[OpIv37]

Re: Gerbe waived

I'd have cut ties with Leino, but he did play halfway decent with him.

They were 3-2-3 with him

Getting 9 of a possible 16 points with him does not justify his salary.