Danny Briere

Report: Flyers will buy out Briere, Bryzgalov another story (Updated)


With the Philadelphia Flyers dealing with a difficult cap situation and looking to sign offensive defenseman Mark Streit despite that, GM Paul Holmgren has informed forward Daniel Briere that he will be bought out, according to ESPN’s sources and confirmed by CSN Philly’s Tim Panaccio.

Briere, 35, had six goals and 16 points in 34 games this season. There’s no question that he can still contribute, but it’s also not hard to see why Philadelphia would want to be free of his $6.5 million annual cap hit, given their circumstances.

The bigger question now is what the Philadelphia Flyers might do with goaltender Ilya Bryzgalov. Although the Flyers’ cap situation is serious, the team reportedly hasn’t decided if they should use their other compliance buyout to get his eight-year, $51 million deal off the books.

Interestingly, Ilya Bryzgalov’s agent, Rich Winter, has been informed that his client won’t be bought out after the Stanley Cup Final concludes, according to Josh Rimer.

That being said, circumstances can change in a hurry. As Philadelphia Daily News writer Frank Seravalli pointed out, Jeff Carter’s agent was told his client that he wouldn’t be traded a week before he was sent to the Columbus Blue Jackets.

“I’ve worked with (Holmgren) a long time,” Winter told Seravalli. “Until he gives me a reason to think otherwise, I trust him.”

Update: “I didn’t assure Rich Winter of anything. When the time comes to do our business we will do whatever is best for our hockey team,” Holmgren told Tim Panacci. In other words, anything is still possible.

Avs unveil new third jerseys

Avs Jerseys
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The Avalanche will be throwing a bunch of different looks at us this season.

Having already released specialized “Mile High” jerseys for February’s Stadium Series game, the Avs unveiled new third sweaters on Friday — less than 24 hours after a bitter 5-4 home loss to Minnesota in their season opener.

(Guess Colorado wanted to send out some good vibes after blowing a 4-1 third-period lead.)

While undoubtedly exciting for the organization, the release of these new thirds isn’t taking anybody by surprise. Last month, several websites published leaked images of Colorado’s and Anaheim’s third jerseys, so the design has been in the public eye for several weeks.

The Avs will debut these new thirds on Oct. 24, in a Saturday night tilt against Columbus.

Related: Roy explains why he didn’t call time out

Report: Escrow set at 16 percent

Gary Bettman, Donald Fehr
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Hey, remember in June when the NHLPA voted to keep the five-percent growth factor in spite of increasing worries about escrow?

Well, here’s why that decision was a significant one, via TSN’s Frank Seravalli:

With early revenue projections in place, the NHL and NHLPA set the escrow withholding rate for players at 16 per cent for the first quarter of the season on Thursday.

That means every player will have 16 per cent of earnings deducted from their paycheque and put aside until after all of this season’s hockey-related revenue is counted to ensure a perfect 50-50 revenue split with owners.

Now, this doesn’t mean that the players will definitely lose 16 percent of their salaries. Typically, they receive refunds when all the accounting is done.

Still, 16 percent is a good-sized chunk to withhold. They won’t be thrilled about it.

Related: To understand escrow, consider Duncan Keith