Chiarelli: Bruins won't be using any compliance buyouts

Chiarelli: Bruins won't be using any compliance buyouts
June 23, 2014, 12:45 pm
Share This Post

While Bruins general manager Peter Chiarelli admitted that the Bruins face some "hard choices" because of their salary cap situation, the GM also confirmed that the team doesn't plan on using either of their compliance buyouts.

The Bruins could be facing close to a $5 million ($4.7 million) cap penalty for player bonuses to Jarome Iginla, Torey Krug, Dougie Hamilton and Ryan Spooner that went over their cap limit during the 2013-14 season. That could cancel out the Marc Savard LTI (long term injured reserve) money allotted to the Bruins to go above and beyond the salary cap, and then some for a team that has less than $9 million to re-sign Iginla, Krug, Reilly Smith, Matt Bartkowski as well as find a fourth line winger and backup goaltender.

One option currently available to the Bruins would have been buying out the contract of third line center Chris Kelly, and wiping his $3 million cap hit off the books.

Kelly is in the middle of a four year, $12 million deal signed prior to the 2012-13 season, and has struggled with injures over the last two seasons. There is murkiness as to whether it's even a possibility with Kelly coming off back surgery, but Chiarelli said that point is moot anyway. The Bruins don't plan on buying out multiple years on Kelly's deal, or any other Bruins player for that matter.

"The buyout is definitely something that could be called a mulligan for a GM trying to shed a contract," said Chiarelli. "But we don't plan on using any of our buyouts at this time."

NHL teams were allowed two compliance buyouts as part of the new CBA, and teams like the New York Rangers have already used theirs up with Wade Redden, and with Brad Richards this month after the center helped the Blueshirts get to the Cup Final.

The Bruins still hold both of their buyout options, and Chiarelli indicated they have solutions to their cap troubles without being forced into going the buyout option.