Michael Stone has signed a new contract with the Calgary Flames.

Can someone let my dumb ass know how this is allowed?

Same! I thought the team that bought you out couldn't re-sign you for at least a year?

Uhhh what..??!?! How is this allowed?!?!?!

Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than expected cap value, regardless of the player's age. After using an compliance buyout on a player, that player is prohibited from rejoining the team that bought him out for one year; the NHL deemed that the re-signing of a player following a trade and a subsequent compliance buyout would be ruled as cap circumvention.

Following the 2012–13 NHL lockout each team was granted one accelerated compliance buyout in order for teams to meet the lowered salary cap. This could be used on a player with a salary cap hit of US$3 million or more before the regular season began. If an accelerated compliance buyout is used, that team will only have one more compliance buyout left, and they must use it after the completion of the 2012–13 season (and before the start of 2013–14 season). The player's cap hit is applied in full to the team's salary cap for the 2012–13 season, but for no season after, regardless of contract length.

^ from wikipedia.

So if I'm understanding correctly, they can do it once.

I prefer Mark Stone

I think you may have it wrong but Im also 100% not sure either ahahha

Wow, I did not know that. And it looks like it can be done once per team so Calgary for the rest of their tenure in the league can not do this anymore interesting...

My understanding is that it was only compliance buyouts that had the one year rule. Regular buyouts can occur at any time and you can sign the player after if you want.
The reason it was one year with compliance buyouts is that they didn't want a team buying somebody out and signing them for cheap the next day.

Lol and the NHL was mad at what the Caps did with Brooks Orpik

Why wouldn't this be allowed? And yes, i know they bought him out earlier this year. I haven't heard of this happening before but always assumed it was allowed.

and they could not find someone else to sign...
this is just stupid
they could have kept Fantenberg or they could try to sign Girardi. Even McQuaid would have been a better option.

Cf put out a tweet saying there is no rule against it. The rule only existed for compliance buyouts

Orpik? WASH clearly circumvented the cap to keep him last year. Was this similar in any way? Also, I see that the owe him over $1M from the buyout. Seems like a lot of shenanigans to save about $500k over 2 seasons. But, I guess they need every penny to sign Tkachuk, right?

I think they were mad because his buyout cap hit was on the avs. This way has his buyout and his new salary on the team. I'd argue it is still circumvention but I don't get the impression Gary cares what I think.

Is this the same thing the Caps did last year w/ Brooks Orpik? They sent him to the Avs, who bought him out, and then they re-signed him for $1M. Pretty creative!

No. Orpiks buyout salary was on the avs, while stones buyout is with the flames. That is why the league is okay with this and not the orpik thing, although I still think it is circumvention

You couldn’t live with your failure, and where has that lead you? Back to me…Stone Probably…

So Stone misses out on just over 400k in real money, and the Flames have 1.167M in dead cap next year, but otherwise nothing changes. What a weird situation...
At effectively a $1.9M cap hit, I don't like it, but ignoring the buyout part as that's a sunk cost then 700k for Stone to be a 6/7D seems like a decent idea. They already know his game and his fit in the locker room vs. signing some other league min veteran.

Hey that's illegal!

How can Flames do this ?!?!

I wanted Stone under a PTO on Leafs.

Because it was the same player, it became a $833K cap circumvention in 19-20... but he gets $1.166M in extra money both this year and next (so 3M overall) even w/o a 20-21 contract.

....... or he's now trade stock for CGY to re-tool.

im sorry what

They didn't do the same like the Flames. They traded Orpik to the Avalanche. Avs bought him out, and then Caps signed him as a free agent.

this further taints the Luongo recapture penalty debacle. How something legal for 4 years is then changed and punished while these shenanigans by Calgary and the Orpik deal are allowed. Hell even the penalty Jersey was supposed to pay for Kovalchuk was drastically reduced (and kept secret for a year-before it became public).