Rumors have surfaced about the possibility of Alexander Semin being bought out by the Carolina Hurricanes this summer.
Bruce Garrioch of the Ottawa Sun reported the rumors on April 5. He said that he thinks Ron Francis‘ biggest decision when he comes in as the Carolina Hurricanes’ GM would be whether to buy out the remainder of Alexander Semin’s four-year/$28 million contract.
The story snowballed when it was passed on by The Hockey News on Friday. This June will be the last opportunity for NHL teams to use their compliance buyouts, which was implemented in the new CBA in 2013.
While Alexander Semin’s lengthy and lofty contract isn’t salary cap friendly, I don’t think that the Carolina Hurricanes will buy him out.
In 109 games with the Carolina Hurricanes, Alexander Semin has 35 goals and 51 assists (86 points), and is a +15. Is that worth $7 million per season? No, it is not, but he was a point per game player in his first season. This season, he was plagued by a nagging wrist injury he suffered in training camp and concussion issues so he wasn’t playing at 100 percent like he was in the 2013 shortened season.
If Alexander Semin can stay healthy and be a point per game player, like he was in his first season with the team, he is well worth $7 million per season.
While I don’t think the Carolina Hurricanes should buy out Alexander Semin, I would not be surprised if the Canes’ GM (likely Ron Francis) buys out the Russian winger.
The Carolina Hurricanes have made it clear that they will make significant changes to this team in the off-season. If Ron Francis thinks that Alexander Semin is a player that shouldn’t be on this team, he won’t hesitate to get his contract off the books.
I don’t think that will happen, but I don’t think it’s impossible by any means.
Things are starting to heat up around the Carolina Hurricanes. It will be interesting to see what happens leading up to the off-season and in the summer.