Amoroq
6-06-07, 9:14 AM
Big News On the Island (http://www.tsn.ca/nhl/news_story/?ID=209988&hubname=)
The New York Islanders have decided to buy out the remaining four years of Alexei Yashin's contract, ending his six year stay with the NHL club.
Yashin had $26.45-million left to pay on a 10-year, $87.5-million contract he signed after the team acquired him from the Ottawa Senators in 2001. Under the terms of the NHL collective-bargaining agreement, the Islanders can pay two-thirds of that amount - approximately $17.63-million - over the next eight years to buy him out. The team will still count $2.2-million of Yashin's salary under their cap over that same time period.
The Islanders are on there way out of Laughing Stock, NHL.
The New York Islanders have decided to buy out the remaining four years of Alexei Yashin's contract, ending his six year stay with the NHL club.
Yashin had $26.45-million left to pay on a 10-year, $87.5-million contract he signed after the team acquired him from the Ottawa Senators in 2001. Under the terms of the NHL collective-bargaining agreement, the Islanders can pay two-thirds of that amount - approximately $17.63-million - over the next eight years to buy him out. The team will still count $2.2-million of Yashin's salary under their cap over that same time period.
The Islanders are on there way out of Laughing Stock, NHL.