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Kotalik to be bought out?

By RCN

Jun 28, 2010, 12:57 EDTUpdated: Jun 28, 2010, 12:50 EDT

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News from the twitterverse via TSN’s Bob McKenzie:

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

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.

ALES KOTALIK BUYOUT FROM CAPGEEK.COM
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!