If they had waited until after his 35th birthday, then they *would* have been stuck for three years, because then they couldn't buy him out.? As the contract was signed before his birthday, they can buy him out a la Murray...
>From boston.com: Thomas was scheduled to become an unrestricted free agent as of July 1. According to a source in the Bruins front office, part of what was driving the club to get the deal done now is that fact that Thomas will turn 35 years old on April 15. When a player signs a new deal after his 35th birthday, per the collective bargaining agreement (CBA), although he can be bought out (at a two-thirds reduction in pay), his cap number can not be deleted from the club's salary commitments. For next year, and for either two or three more years, Thomas will be on Boston's books for some $5 million a year. But because he has signed the deal before age 35, the Bruins have the safeguard -- that they would want to execute it -- to be able to buy him out at any time, cut their dollar commitment by one-third, and be able to spread the payments over twice the remaining term of the deal. It is a significant safeguard. -----Original Message----- From: Aaron Clow <[email protected]> To: [email protected]; [email protected] Sent: Fri, 3 Apr 2009 1:42 pm Subject: [GoBruins] Re: Thomas gets Brodeur money Could this not have waited until after the team saw how he performs in the playoffs? This is an unproven playoff goaltender getting Brodeur money? Insane. O'Connell basically got fired for signing Thomas to a 3 year contract. This is going to come back to bite the Bruins in the ass. Then they're stuck with him on the books for three more seasons. Insane. On Fri, 03 Apr 2009 09:44 -0300, "Randy Oldfield" <[email protected]> wrote: > > Tim Thomas signed an extension.... > > http://www.boston.com/sports/hockey/bruins/extras/bruins_blog/ > > Tim Thomas, in net for Boston's 50th win of the season last night, > yesterday agreed to a multi-year contract that will keep him with the > Bruins for at least three more seasons. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Go Bruins Mailing List" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/go-bruins?hl=en -~----------~----~----~----~------~----~------~--~---
