Jared Cowen on waivers for purpose of a buyout

[Kin]

Now, if I recall correctly, this costs the Leafs 100 thousand dollars, right?

 

[bustaheims]

Seeing as he was put on waivers for the purpose of being bought out, he has already just been bought out.

No announcement from the team or any other official sources. No other prominent reporter or media source reporting the buyout has happened. Wouldn't be the first time a reporter has jumped the gun and assumed something happened before it was actually acted upon. He was waived for the purpose of being eligible for a buyout - not necessarily for the Leafs to execute that buyout. They might, but they don't appear to have made it official yet.

 

[lamajama]

Such a shame. I will always remember his play against uh.....

 

[TBLeafer]

Seeing as he was put on waivers for the purpose of being bought out, he has already just been bought out.

No announcement from the team or any other official sources. No other prominent reporter or media source reporting the buyout has happened. Wouldn't be the first time a reporter has jumped the gun and assumed something happened before it was actually acted upon. He was waived for the purpose of being eligible for a buyout - not necessarily for the Leafs to execute that buyout. They might, but they don't appear to have made it official yet.

if you go back to the OP, I don't see eligible anywhere in that Tweet.  He was waived for buyout purposes.  Why try to think a reporter of a network, in a company that is part owner of the Leafs jumped the gun?

 

[bustaheims]

if you go back to the OP, I don't see eligible anywhere in that Tweet.  He was waived for buyout purposes.  Why try to think a reporter of a network, in a company that is part owner of the Leafs jumped the gun?

Just because it's not in a tweet doesn't mean it's not real. It's in the CBA. That's why he was placed on waivers. Without clearing waivers, he cannot be bought out. That's why he was put on waivers. It's that simple and straightforward. Until there's actually an official announcement, or at least some other reporters (many of whom also work for networks that are owned by the companies that own the Leafs) provides some sort of confirmation.

 

[Al14]

if you go back to the OP, I don't see eligible anywhere in that Tweet.  He was waived for buyout purposes.  Why try to think a reporter of a network, in a company that is part owner of the Leafs jumped the gun?

Just because it's not in a tweet doesn't mean it's not real. It's in the CBA. That's why he was placed on waivers. Without clearing waivers, he cannot be bought out. That's why he was put on waivers. It's that simple and straightforward. Until there's actually an official announcement, or at least some other reporters (many of whom also work for networks that are owned by the companies that own the Leafs) provides some sort of confirmation.

So, I assume he cleared waivers.  I can't find any news of it on TSN. 

 

[bustaheims]

So, I assume he cleared waivers.  I can't find any news of it on TSN. 

Yeah. That's been confirmed by a number of media sources.

 

[Al14]

So, I assume he cleared waivers.  I can't find any news of it on TSN. 

Yeah. That's been confirmed by a number of media sources.

Okay, Thanks.

Edit: Finally made veteran status with this post!  I'm not sure how many posts I had on the old penaltybox.com site, however, I think I was a veteran on there as well!

 

[herman]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

 

[bustaheims]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

Yup. Leafs have until the end of the month to trade him or file the buyout papers.

 

[herman]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

Yup. Leafs have until the end of the month to trade him or file the buyout papers.

Thanks. The CapFriendly FAQ is lacking on details for this transaction.

 

[ZBBM]

Just because it's not in a tweet doesn't mean it's not real.

Thanks Busta.  This is going on my gravestone. 

 

[slapshot]

Five pages for a guy who never put on a Leafs uniform. Of course, it's really just about the money.

 

[caver]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

I see what you are doing here Herman.... well played.. 

 

[Guru Tugginmypuddah]

Five pages for a guy who never put on a Leafs uniform. Of course, it's really just about the money.

Dude, a hundred grand is lot of cash. 

 

[herman]

I see what you are doing here Herman.... well played.. 

Shh  ;D

 

[Highlander]

Five pages for a guy who never put on a Leafs uniform. Of course, it's really just about the money.

Dude, a hundred grand is lot of cash.

For MLSE  it is like a dime

 

[LuncheonMeat]

Such a shame. I will always remember his play against uh.....

Who needs to play when you have a mug like this:

Although he cleans up nicely:

 

[TBLeafer]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

Yup. Leafs have until the end of the month to trade him or file the buyout papers.

Thanks. The CapFriendly FAQ is lacking on details for this transaction.

Not anymore.  OFF THE BOOKS!

http://www.generalfanager.com/teams/toronto-maple-leafs

Not saying Chris Johnson at Sportsnet was right or wrong over at Sportsnet either, but PPP also reported him to be bought out as soon as he cleared.

 

[herman]

So the buyout process is two steps, right?
Step 1: Waivers
Step 2: File Buyout papers

and we have a bit of a window, now that Cowen has cleared waivers, to potentially still deal his rights to another team to initiate the buyout?

Yup. Leafs have until the end of the month to trade him or file the buyout papers.

Thanks. The CapFriendly FAQ is lacking on details for this transaction.

Not anymore.  OFF THE BOOKS!

http://www.generalfanager.com/teams/toronto-maple-leafs

Not saying Chris Johnson at Sportsnet was right or wrong over at Sportsnet either, but PPP also reported him to be bought out as soon as he cleared.

Several of the SBN blogs outline the two steps to be:
1. Notify player of buyout
2. Put on waivers
Once the player clears the 24 hour waiver period and does not get picked up, he is considered bought out and is a free agent.

However, all the press releases word Cowen's situation as cleared waivers with the intention of being bought out. The Leafs have no official notices about actually buying out Cowen, other than waiving him with that intention. Which sounds more like all buyouts take effect at the 5pm June 30th mark, since free agency is not until July 1.