NHL Deputy Commissioner Bill Daly sent out a memo to all 30 teams this week, warning them to play by the book when it comes to buyouts and trades.
Daly's memo warned that any trade/buyout/re-acquire scenario would be deemed a circumvention of the collective bargaining agreement. The CBA prevents teams from re-signing players they've bought out for one year.
Earlier this week, The New York Post reported that the Tampa Bay Lightning and Toronto Maple Leafs had talked about a potential deal to send Vincent Lecavalier to Toronto, where the Leafs would get an asset out of that deal in exchange for using their financial might to absorb a buyout on Lecavalier's contract.
The Post added that Lecavalier could potentially re-sign with the Lightning at a cheaper rate as an unrestricted free agent. The deal would have got the Lightning out from under Lecavalier's $7.7 million salary cap hit. The 33-year-old has seven years and $45 million left on his contract. A buyout would pay him $30 million over 14 years.
Lecavalier signed an eleven-year, $85 million contract with the Lightning prior to the 2009-10 season.
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