Vincent Lecavalier’s agent Kent Hughes says the forward will not be retiring during the duration of his contract that ends in 2018.
Kent Hughes says #Flyers have not contacted him about buying out Vinny Lecavalier, adding Vinny will not retire “under any circumstances.”
— Frank Seravalli (@frank_seravalli) June 17, 2015
Ron Hextall said there’s been no buyout offer submitted yet either.
Flyers GM Ron Hextall told me tonight that – as expected – he did NOT submit a buyout offer to Vinny Lecavalier.
— Tim Panaccio (@tpanotchCSN) June 18, 2015
If the Flyers hypothetically bought out Lecavalier, his cap hit would be $2.533 million till the end of the 2017 season, $2.033 million for 2017-2018, and $533,333 until 2025.
So during the summer of 2015, you’ll have to pray for a miracle that Ron Hextall can unload his contract in a trade, which seems highly unlikely.
No trade would happen till after July 1st, when Vinny receives a $2 million bonus.
Bill Meltzer points out another option for the Flyers would be a mutually agreed contract termination: Lecavalier is owed a $500,000 bonus installment on July 2, 2016. Thus, to walk away on that date (assuming he had already figured on 2016-17 being his final season) would mean walking away from $2.5 million. Agreeing to contract termination with the Flyers on July 2, 2015 would mean walking away from $5.5 million. The player would have to very strongly covet his immediate unrestricted free agent freedom and be willing to sign a steeply discounted contract elsewhere to pursue that avenue this summer.
Thanks to $6 million in salary from the Flyers and $4.76 million via the Tampa Bay buyout, Vincent Lecavalier was the 7th highest paid player in the NHL last season. Vinny has made more than $98 million playing hockey, so I would hope he’d step away from a bad situation over $5.5 million this summer, or at least $2.5 the next.