Posted July 02, 2013 on
AP on Fox
A New York Islanders team official confirmed that the team will buy out the remaining eight years of oft-injured goalie Rick DiPietro's contract.
The 31-year-old DiPietro, the No. 1 pick in the 2000 NHL Draft, will be placed on waivers Tuesday before the compliance buyout can be used, the Islanders official told The Associated Press on Monday night on condition of anonymity.
The club will have to pay DiPietro $1.5 million for each of the next 16 years -- double the years left on his original 15-year pact with New York. That amount won't count against the Islanders' salary cap.
DiPietro didn't immediately respond to a text message sent to him by the AP on Monday night. He has been limited to 50 NHL games since the 2008-09 season, plagued by multiple concussions and injuries to his hip and knees that required surgery.
BEST OF MAXIM
The New York Islanders will buy out veteran goaltender Rick DiPietro's contract, notorious as one of the worst in sports. They'll still be on the hook for a long time, however.
The Rick DiPietro nightmare is finally over for the New York Islanders. Well, that's not entirely true, but the organization is finally starting a new chapter by using one of their compliance buyouts on their pricey goaltender. The move will finally remove DiPietro's bloated - and hilarious - 15-year, $67.5 million contract from their payroll.
According to Arthur Staple...
from Arthur Staple of Newsday,
The Islanders soon may rid themselves of a much longer- standing issue, too. After failing to deal away Rick DiPietro's contract on draft day, Snow may have a decision on whether to buy him out in the next day or two.
If the Isles decide to buy out the remaining eight years of DiPietro's deal, Newsday has learned it would be a compliance...
#Isles will place Rick DiPietro on waivers tomorrow for purpose of compliance buyout, Newsday has learned.
— Arthur Staple (@StapeNewsday) July 2, 2013
News broke tonight that the Islanders would be placing Rick DiPietro on waivers for the purpose of buying out his contract. The Islanders will have to pay him $1.5 million over the next 16 (!) years. The 31-year-old goaltender...
Rick DiPietro is now a former New York Islanders goalie after he cleared waivers and had his long contract bought out by the team.
The Islanders used a compliance buyout Wednesday to remove the final eight years of the goalie's deal from the club's salary cap.
New York will pay the 31-year-old DiPietro $1.5 million for each of the next 16 years -- double the years left...
Goodbye Rick DiPietro.
According to Newsday, The NY Islanders' former #1 overall draft choice and franchise goaltender will be placed on waivers for the purpose of buying out the remainder of his contract.
DiPietro, 31, will receive a compliance buyout, meaning that the $1.5 million the Islanders owe him over the next 16 years will not count against the team's salary...
[caption id="attachment_71" align="alignleft" width="300"] image provided by bloguin.com[/caption]
Earlier this evening, Arthur Staple of Newsday broke the news that the Islanders will be placing often injured goalie Rick DiPietro on waivers tomorrow. The Islanders intend to use one of their two compliance buyouts on DiPietro if he goes unclaimed. ...
The list of compliance buyout victims increased by one in the last 24 hours, as the New York Islanders expectedly exercised one of their financial âget out of jail freeâ cards on oft-injured goaltender Rick Dipietro.
The 32 year old Dipietro was the first pick in the 2000 NHL Draft and had eight years remaining on a 15 year, $67.5 Million contract with the Isles, but...
Well, this is no way to end a great long running joke. #Isles will place Rick DiPietro on waivers tomorrow for purpose of compliance buyout, Newsday has learned. — Arthur Staple (@StapeNewsday) July 2, 2013 Yes, its true folks. Rick DiPietro is done on Long Island. It’s a sad day for the hockey community. No one could have predicted [...]
In a surprising find this morning on Facebook, here is an article in the NY Times written by veteran hockey writer Jeff Z. Klein on Rick DiPietro's contract buyout. What is surprising is not just that the NY Times has an article about the Islanders in the off-season, but that it also includes ACTUAL quotes from Islanders owner Charles Wang.
How did he manage that? Did he...
Remember these halcyon days Wild fans? This is of course a picture of the first 3 selections of the 2000 NHL Entry draft which was the first one the Wild ever participated in. So there you see the top 3 picks; 1st Overall Rick DiPietro of the New York Islanders, 2nd Overall Dany Heatley of the Atlanta Thrashers, and of course the 3rd Overall pick Marian Gaborik to the Wild. I...