|Posted on June 27, 2013 at 8:35 AM|
According to reports, the Toronto Maple Leafs and Tampa Bay Lightning tried to make a loophole trade involving Vincent Lecavalier. The Lightning were going to trade Lecavalier and possibily a prospect or draft pick to the Toronto Maple Leafs.
The Leafs, one of the richer teams in the NHL, would then use their compliance buyout on Lecavalier who still has seven years and $45 million left on his contract. Once bought out, Tampa Bay would then sign him to a less expensive deal.
"Under the new C.B.A., teams are not allowed to sign a player they’ve bought out for a full year. But there are no such rules about signing a player back after another team has bought him out." - Bolts By The Bay
The NHL has now closed the loophole and the deal will not be happening.
Update: The Lightning are now going to use their own compliance buyout on Lecavalier. This will end his time in Tampa Bay. Read more here.
Sportsnet: Leafs, Lightning tried loophole trade
NHL.com official compliance buyout tracker
Categories: NHL Rumors