Kotalik to be bought out?


News from the twitterverse via TSN’s Bob McKenzie:

Waivers, likely for buyout purposes: Cheechoo, Ott; Nokelainen, Vandermeer, Phx; Koistinen, Fla; Kotalik, Cgy.

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From CapGeek.com:

Ales Kotalik is 31 years old on the buyout date of June 28, 2010, putting the total buyout cost at $4,000,000 spread over 4 years. His contract was originally valued at $9,000,000 with an annual cap hit of $3,000,000 beginning in 2009 and ending in 2012. The following is a season-by-season breakdown of the buyout. A negative buyout cap hit number indicates a credit.

2010-2011: $1,000,000
2011-2012: $1,000,000
2012-2013: $1,000,000
2013-2014: $1,000,000

Interesting times lay ahead for the Flames. How dealing Olli Jokinen’s expiring contract & cap space for Kotalik, only to buy him out makes sense is anyone’s guess. Personally, I was hoping they’d loan him to a KHL team and get him off the books completely!

  • my God. the flames are going from the frying pan to the BBQ. so sad. how do we let the poor management get away with it all. while trading phaneuf was a good idea, we should have got alot more, and we should’nt be trading with a loosing team. Even tho its a good idea to trade with burke, cuz he’s not playing with a full deck. i don’t see how any of our previous trades have helped us. a prime example is Staois. we picked up another defensive guy and we already have a strong defense. we needed offence!!! dam n what were they thinking?

  • marty

    Awful moves by Sutter, he has brought great shame to the Flames, and the fan base this year. He got fleeced by Burke for Dion, and then one of the dumbest GM’s in the NHL, Glenn Sather fleeces Sutter. This act of buffounery must come to a end, and Ken King, and his bull riding patna Darryl Sutter need to be shown the exit door ASAP. If they are not fired, this team will be in horrible shape, and more shameful acts will await us in the future.