NHL players paid to go away

QMI Agency

It's been a decade since the NHL instituted a salary cap system on its 30 teams.

But the cap hasn't limited the number of insane player contracts -- we're talking term and/or money -- teams have handed out to their prized possessions.

Sometimes, those contracts become an albatross and the offending general manager seeks a solution.

That's where a buyout becomes a lifesaver for franchises teetering near the cap limit, looking to make some room to sign new players.

Coming out of the 2012 lockout, the NHL added a compliance buyout -- each team gets two -- that gives GMs flexibility as they set their lineups for the future.

However, it comes at a cost -- the teams must pay the two-thirds remaining on the bought-out contract, spaced out over twice the term.

There are 38 current and former NHL players who will receive a paycheck during the 2014-15 season to NOT play for their former team.

You will be surprised at some of the names that make the list.

We have pared it down to the players that will make at least $1 million this season to go away.

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