...With 13 forwards on one-way contracts, the Senators have 48 hours to decide if they’re going to exercise their right to buy out a player — in this case it would be Butler — after settling with somebody who filed for arbitration.
Scheduled to make $1.2 million in 2012-13, Butler, 25, can be bought out at just one-third of his contract because of his age. The cap hit would be $200,000 over the next two years, but that’s much cheaper than him playing in the minors on a one-way deal.
Under the terms of the CBA — which doesn’t expire until Sept. 15 — the Senators have until Wednesday to decide if they want to buy out one player. Teams don’t use the tactic often, but it is available to GM Bryan Murray.