Emery Gone
June 23, 2008
The Emery era is officially over in Ottawa. The Senators bought out the last 2 years of his contract and Emery will become an unrestricted free agent on July 1st. Here is how the buy out will affect the Senators’ salary cap
Emery signed a three-year, $9.5 million contract in July of 2007 and has two years and $6.75 million remaining on his contract. Under CBA rules, the Senators are on the hook for one-third of Emery’s remaining salary, $2.25 million. That amount will be spread across twice the length of the remaining years of the contract, resulting in a cap hit of slightly less than $600,000 for the next four years.
Comments
2 Responses to “Emery Gone”
Got something to say?
So where does he go?
I don’t know. No one was interested in trading for him. I think he’s going to end up in the minors or overseas and needs to prove that he’s not a cancer in the locker room before an NHL club takes a chance. With so many teams tight to the cap, who is going to risk a seven figure contract on someone who was bought out of the last 2 years of a contract not because of performance, but because of the disruption he caused.