From TSN (Bob McKenzie)
http://www.tsn.ca/nhl/story/?id=283382
Well, atleast Ottawa has all day to trade Heatley without having to pay his bonus. That is until he says no again.
http://www.tsn.ca/nhl/story/?id=283382
A lot of confusion has existed because there is a $4 million bonus payment due to Heatley on July 1. It was the understanding of many involved, including the Senators and Oilers, that once the clock struck midnight and turned over to July 1, the Sens would be on the hook for the $4 million bonus payment, which may have been a serious impediment to getting a deal done after midnight.
But as it turns out, the NHL says as long as a Heatley trade is concluded before midnight eastern tomorrow night, the bonus payment allocation can be transferred to the new team.
So, in effect, the Senators have another 24 hours to find a suitable deal that Heatley will approve and NOT be on the hook for his $4 million signing bonus.
Well, atleast Ottawa has all day to trade Heatley without having to pay his bonus. That is until he says no again.