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Locked On Sharks

An Argument Against Buying Out Martin Jones

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KyleErik, and JD discuss the ramifications for the San Jose Sharks if they buy out Martin Jones as opposed to burying him on the roster. We look at what his buyout will be, the waiver process, and contract termination (7:00). We talk about Martin Jones being on the Barracuda (11:00), paying a team to take Martin Jones (13:00), and what we are willing to pay (17:00). We finish by looking at other San Jose Sharks players who could be potential buyout candidates if Martin Jones isn’t bought out (20:00).

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david barnard

i’m pretty sure the Sharks are still on the hook for cap recapture penalties even if both agree to terminate a contract. but i think that it can’t exceed the amount equal to the player’s highest year in cap hit. so, if that’s the case, his highest year was 6.75M and that was for the first two seasons of his contract. then it was 6M in the 3rd season. all the remaining seasons were under the AAV. i think it means that since the AAV was 5.75M, the Sharks get hit with 1Mx2+250k = 2.25M cap recapture hit. if you… Read more »

Last edited 7 days ago by david barnard
Sheng Peng

I can’t imagine why Jones would walk away from over $17 million

david barnard

me neither, but it was brought up in the cast, so…

david barnard

from CF: A player can only be bought out after clearing unconditional waivers. A waiver-claim by another team pre-empts the buyout process. If a player has a no-movement clause, the player can reject the option of waivers and proceed to the buyout process.

david barnard

here’s the other thing to consider: i learned today that it is believed DW is on the down low trying to move several difficult contracts. if true, this is contrary to his public revelations of trying to add/compete for next season and indicates he’s committed to a full rebuild. you definitely keep MJ if that is the case/or if you can’t move him as well.

Sheng Peng

I agree — we’ll see if what Friedman said is true. It’s possible he’s exploring that avenue of a complete tear-down and may still return to the best solution (in his mind) is the middle ground and trying to improve team on fly/reset. Once he sees the cost of a total teardown that is, in terms of picks and salary retained

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