Quoting: gary_bettman
Buying him out is cheaper so if we're retaining 50% we're getting value back. If not the team is happy to wait for the off-season to buy him out.
Its really not...
2021-22: This season, since you cant buy him out, he is staying in the AHL, which is costing you $5.875M against the cap. Trading him at 50% is $3.5M, so you would save cap this year.
2022-23: If you trade, it is still $3.5M. If you were to buy him out, it would cost $3.66M.. a marginal win for the trade.
2023-24: Trade is $3.5M, buyout is $2.66M, so for this year alone, buyout saves you $.
2024-25: Buyout is $4.66M, so trade is saving you $
2025-26, 2026-27, 2027-28: Buyout is at $1.66M, but if you would have traded him, he is off your books by then, so another 3 years where trading is beneficial.
In total, 1 of the 7 years benefits you if you buyout, whereas 6 of the 7 years benefits you if you trade him. Seems like a no-brainer to me.