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Los Angeles Kings Buyout Dion Phaneuf

On the opening day of the NHL buyout window, the Los Angeles Kings have announced that they’ve bought out the remainder of Dion Phaneuf’s contract. How does this affect the Sens? They retained 25% of his cap hit in the trade to the Kings, and that is affected too.

Before the buyout, Phaneuf’s retained cap hit counted for $1.75 million against the cap with two years remaining. That term is now doubled to four years, with the cap hit counting for an average of $697,917 per year. That value isn’t consistent over the four years, however, due to his increased signing bonus in 2020-21 worth a total $2.