Trouble in Ranger-land

[Madferret]

Trouble in Ranger-land
TheFourthPeriod.com

According to the New York Post, the Rangers have not paid Bobby Holik and Darius Kasparaitis the July 1 signing bonuses they were due under terms of the contracts they signed as free agents in 2002. The NHLPA has filed a grievance with the NHL on behalf of each player.

When Holik signed his five-year, $45 million contract, an annual bonus of $2 million was agreed to and stated to be paid each July 1 through 2006. Kasparaitis's original six-year, $25.3M agreement mandated an annual $1 million bonus payment due July 1 through 2007.

Neither contract contains language negating the club's obligation to pay the signing bonus in event of a lockout or canceled season.
The Post suggests it's quite possible the Rangers are going to attempt to deduct the sum of the bonus payments remaining on each contract ($4M for Holik, $3M for Kasparaitis, including this year) by the two-thirds compliance buyouts clubs can exercise.

Holik, with two-years at $13.452M remaining on his deal, is owed $8.959M on a buyout. Kasparaitis, with three-years at $9.728M remaining, is owed a buyout of $6.479M.

Hey Smelly, is this really an issue in NYR?

[Mel]

Hey Smelly, is this really an issue in NYR?

No. At least as far as I know.

If the buyouts occur... obviously the Rangers are going to try to make it as painless as possible.

If they have to pay an extra few mill. Who cares. I hate to sound crass... but the Rangers conglomerate can easily afford an extra few mill if they have to. Of course... if they can get out of it, it makes perfect business sense to do so. This could be one of MANY cases or situations that were not forseen in the new deal, perhaps arbitration is in order.

All I know is the NHL is going to be complete chaos for the next few months :pimp:

[Iced Tea]

Bobby and Dari are going to need all the money they can get because no other team is going to pay them anywhere near what they would have made under the old system. :D

[bluemeanie]

Does anyone know the status of Pavel Bure? What's the scoop?

[Mel]

Does anyone know the status of Pavel Bure? What's the scoop?

He's on his own. I believe the last year the Rangers owned his rights was 03/04, which he didn't play. I heard somewhere a while back that he was training with the intention of making an NHL return.

But if that were the case I think we would have at least heard his name bandied about by now, especially since he plays golf once a month with Eklund.