Arizona buying out Ribeiro

[Axeman33]

https://twitter.com/NicholsOnHockey/...87354474221569

Dreger: #Coyotes strongly considering buyout on Mike Ribeiro. Has three years at $5.5 million per.

[Carcillo]

It would be a REGULAR buyout.

Very costly move. Three years remaining of a backloaded contract and it would come with cap penalty. Jeesh.

[doulos]

They would be smart to. The guy does not understand what to do when he doesn't have the puck.

[Dikoi]

A couple of teams looking for a #2 centre could actually use Ribeiro.

[Axeman33]

https://twitter.com/Five4Howling/sta...88655157280768

Ribeiro: The cost of a regular buyout would be about $1.94M per year for next 6 years. $11.66M in total to not play, $17.5M in total to play

[Dakkster]

Jeez, it's difficult to make my brain understand that it's Arizona and not Phoenix anymore.

[JagrBomb]

so wierd seeing "Arizona" instead of Phoenix. all i can think of are these:



- - - Updated - - -

Jeez, it's difficult to make my brain understand that it's Arizona and not Phoenix anymore.

beat me to it! lol

[Carcillo]

BREAKING: #Coyotes have initiated a buyout of the remaining three years of center Mike Ribeiro's contract. (more)

BREAKING: (cont.) The buyout of Mike Ribeiro's contract is in accordance with the NHL/NHLPA Collecting Bargaining Agreement.

https://twitter.com/ArizonaCoyotes

Regular buyout.

WOW.

[Dikoi]

So another #2 centre is on the market, where does Ribeiro end up? He may seem like a cheaper option as compared to other guys who are available.

[LawMan]

Wow, a cash strapped team makes a regular buyout on a guy who had a bad year, was a little overpaid but still has some game left? It was a regular buyout so no time crunch, I would have given him another full season.

[newfcollins]

Guy was one year into a four-year deal. Man, did he fall out of favour fast.

It probably doesn't help that he can't win a faceoff. Just 43.3 per cent this year.

[Carcillo]

Maloney said this move was purely about behavioral issues and not cost-saving move. Ribeiro has been seeking help this summer, Maloney said.

Maloney: "Mike had some real behavioral issues we felt we could not tolerate going forward."

Maloney said this decision doesn't necessarily make #Coyotes better team next season but better organization in long run.

#Coyotes weren't naive when they acquired Ribeiro last summer, but Maloney thought they could manage. Called it "mistake" now.

And to be clear, this is not a compliance buyout. Ribeiro will get paid over next six years just under $2 million.

https://twitter.com/azc_mclellan

Locker room cancer is out of Arizona.

[lobo1969]

I assume PHX tried to trade him away? Even for a bag of pucks? That contract can't so bad for a 2C that some team wouldn't be interested?
Ribs will be VERY motivated to resign with another team and prove he can still put up decent numbers next season.

[lobo1969]

https://twitter.com/azc_mclellan

Locker room cancer is out of Arizona.

Huh. Was this known before that Ribs was having issues affecting the team? First time I heard of it.

[LawMan]

https://twitter.com/azc_mclellan

Locker room cancer is out of Arizona.

Interesting to hear. This was the first I'd ever heard o Riberio being a locker room issue or having "behavioral problems". Really intrigued by the line "Ribeiro has been seeking help this summer, Maloney said" When I hear those words the first thing that pops into my head is a drug problem... will be interesting to see if anything more leaks out over the summer.