Steven Reinprecht waived
Per Bob McKenzie via Twitter.
over 1 year ago
Donny Rivette
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Big thanks to Karl S. for the heads-up.
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Somebody got a better understanding of waiver rules than me? So, he’s waived, no one is going to claim him for that salary. So, the Panthers then buy him out and then he is free to sign with whomever he wishes, correct?
The Panthers would first try to trade him. Putting him on waivers gives them the chance to see if there’s any interest out there, and they can always pull him back. (I think)
If they make a trade then they can not only be rid of his contract, but also get something in return, such as a pick. Or a bag of pucks.
Kidding aside, I hear that Rhino is a class guy. This is a tough situation for any player to be in, especially at this time of year.
I personally don’t think they want to buy him out and have that remaining portion left on their salary cap.
by The Rat Trick on Jan 1, 2011 2:54 PM EST up reply actions
They can bury him in Rochester…gets the cap hit off the books, but he’s still paid the NHL salary. Pretty sure they’re not concerned about the cap hit anyway, only looking to clear the salary and position.
If he’s dealt while “on waivers” he’ll still have to come back through “re-entry waivers”, meaning the club that claims him – and half of his remaining salary – can lose him. Right?
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by Donny Rivette on Jan 1, 2011 4:14 PM EST up reply actions
He can’t be traded until clearing waivers. Once he’s cleared, he can be loaned (to the AHL or a European league), traded or kept on the roster. If he’s kept on the roster, he can be on the roster for 30 days or play in 10 games before waivers expire and he’d have to clear again to be loaned. So, he could clear waivers, play 2 games and still get sent to the AHL without clearing waivers again.
Re-entry waivers are only necessary if a player is loaned. So, if a player clears waivers and is traded, then he can go right on the NHL roster of that team. If he clears waivers and is sent down, then he would have to go through re-entry waivers to rejoin the original club or if he’s traded while playing for the AHL (or a European club).
Waivers are often used to get trade offers. A team will put a player on waivers to see if there’s trade interest. The player will clear and teams will call with trade offers. If not, then they’re usually sent to the AHL or loaned to a European team. Or occasionally, there’s a claim.
Florida Panthers: Because at least you can go to the beach after yet another bad loss.
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