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Lindros headed for waiver wire?
TSN.ca Staff
7/1/2003
Eric Lindros is not yet an unrestricted free agent, but he may become one next Monday.
NHL sources tell TSN that the New York Rangers are about to place Lindros on waivers, for the purpose of terminating his contract. Lindros' name would appear on the waiver wire Wednesday, and if he cleared, he would then become an unrestricted free agent.
The waiver fee for Lindros, a former NHL MVP, would be $125.
Erroneous reports Tuesday suggested that the Rangers had declined to pick up an option on Lindros, making him an immediate free agent. In fact, Lindros recently exercised a player option on his contract for next season, guaranteeing him a base salary of $3.3 million.
If Lindros were to play 75 games next season, bonuses would bring that amount up to $9.3 million.
If a team picks Lindros off waivers, it would be responsible for the salary of $3.3 million, plus the bonuses, making a claim unlikely.
The more likely scenario would see Lindros clear waivers, and then be bought out by New York for 2/3 of his salary ($2.2 million). Lindros would then become an unrestricted free agent.
NHL management sources tell TSN that Rangers G.M. Glen Sather has been trying to trade Lindros for the last several weeks, with no success. The New York Post reported in its Tuesday edition that Sather had been talking with with Lindros' father Carl about restructuring the contract, but that those talks had also been unsuccessful.
The deadline for initiating buyout proceedings at 2/3 of a player's salary is July 1.
TSN.ca Staff
7/1/2003
Eric Lindros is not yet an unrestricted free agent, but he may become one next Monday.
NHL sources tell TSN that the New York Rangers are about to place Lindros on waivers, for the purpose of terminating his contract. Lindros' name would appear on the waiver wire Wednesday, and if he cleared, he would then become an unrestricted free agent.
The waiver fee for Lindros, a former NHL MVP, would be $125.
Erroneous reports Tuesday suggested that the Rangers had declined to pick up an option on Lindros, making him an immediate free agent. In fact, Lindros recently exercised a player option on his contract for next season, guaranteeing him a base salary of $3.3 million.
If Lindros were to play 75 games next season, bonuses would bring that amount up to $9.3 million.
If a team picks Lindros off waivers, it would be responsible for the salary of $3.3 million, plus the bonuses, making a claim unlikely.
The more likely scenario would see Lindros clear waivers, and then be bought out by New York for 2/3 of his salary ($2.2 million). Lindros would then become an unrestricted free agent.
NHL management sources tell TSN that Rangers G.M. Glen Sather has been trying to trade Lindros for the last several weeks, with no success. The New York Post reported in its Tuesday edition that Sather had been talking with with Lindros' father Carl about restructuring the contract, but that those talks had also been unsuccessful.
The deadline for initiating buyout proceedings at 2/3 of a player's salary is July 1.