Buy Elvis Out
This will be a tough pill to swallow. If the Blue Jackets buy-out the remainder of Merzlikins’ contract, then they will still have between $1.1-2.95 million against the cap every season for the next 6 seasons.
They will be paying Elvis $10.5 million dollars over than time to not play for them. That’s just not good business and not an ideal scenario for a team looking to sign its young and budding players to long term contracts.