Some news on the Tony DeAngelo front. Per TSN’s Darren Dreger the New York Rangers were willing to mutually terminate Tony DeAngelo’s contract which would allow him to pass through waivers and sign with a team as a free agent.
One team that was “very” interested in signing the disgraced former NHLer who was kicked off his team for fighting with his teammates was the Montreal Canadiens. Ultimately Tony DeAngelo did not accept the mutual contract termination and he will be bought out of his contract this summer.
If Tony DeAngelo agreed to the mutual termination of his contract with the Rangers, he would have lost $1,000,000 this year and $5,300,000 next year ($6,3000,000 total). However, if he is bought out of his deal, he’ll only lose $3,530,000 which is 2/3 of next year’s $5.3M Salary. Deciding to wait it out and not play this year saves him $2,760,000.
NYR were willing to mutually terminate Tony DeAngelo’s contract to allow him to pass through waivers and sign as a free agent. Montreal believed to very interested as early as this weekend. However, DeAngelo opted not to accept. He will be bought out of his contract this summer.
— Darren Dreger (@DarrenDreger) April 12, 2021
If DeAngelo agreed to terminate w/ #NYR, he would lose $1M this year + $5.3M next year ($6.3M total).
If he's bought out, he'll lose $3.53M (2/3 of next year's $5.3M Salary).
— PuckPedia (@PuckPedia) April 12, 2021
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