Yashin was bought out
The New York Islanders bought out Alexi Yashins contract. Here is a summary of the hit the Islanders will take , according to NY Newsday…
“The last four seasons of the $87.5-million contract Yashin signed after the Islanders traded for him in 2001 were valued at $26.45 million. Under the NHL collective-bargaining agreement, Wang is permitted to pay two-thirds of that amount ($17.63 million) over the next eight years to buy it out. The salary-cap hit will be approximately $2.2 million per season over that time.”
If you want to read the article here is the link:
http://www.newsday.com/sports/