Avery to go on re-entry waivers

BuffonIdol wrote:But honestly Nobody really cares about that (except maybe Beef).

Azzy Luongo wrote:At 25% of that cap hit, with the scoring and bolshiness he provides, I'd LOVE him on my Nucks. But one can only dream I guess

To the extent the Player does require Waivers to be Loaned
to a minor league affiliate, he cannot be Loaned or recalled without
first clearing regular Waivers, and then cannot be Recalled to the
NHL parent Club during the same League Year without also
clearing a new Re-Entry Waiver procedure, pursuant to which the
Player can be claimed by another NHL Club for fifty (50) percent
of the contract's remaining amounts to be paid, with the balance to
be paid by and charged to the waiving NHL Club (both amounts to
be counted against each Club's Upper Limit, Actual Club Salary
and Averaged Club Salary, and counted against the Players'
Share)

If a player subject to recall waivers is assigned to the minors by Team A and claimed on recall by Team B, then both A and B split the salary and cap hit. If B then waives the player for assignment but Team C claims the player, then both A and C split the salary and cap hit. If B successfully waives the player and assigns him to the minors (A and B split his salary, but he carries no cap hit unless he has a 35-plus contract) and then B recalls the player and he's claimed by Team C, then his cap hit counts as follows: C, 25 percent; B, 25 percent; A, 50 percent. The NHL confirmed the details of this breakdown to Yahoo! Sports in October 2011.

Azzy Luongo wrote:According to both capgeek and bob mckenzie, the hit is split three ways - 50%, 25% and 25%. can't remember whether it's you or the Rags with the 50%, but the claimants only pay 25%. Or so I've read!

Welshmapleleaf wrote:I loved it when someone on twitter referred to him as Sean Waivery!!!!!

Welshmapleleaf wrote:I loved it when someone on twitter referred to him as Sean Waivery!!!!!