A team could buy out Cowen in the summer in exchange for a $650,000 cap credit in 2016-17.
Frank Seravalli's Monday Must Read started off with an interesting tidbit for Senators fans: Jared Cowen has a wrinkle in his contract that may make teams want to acquire him in a trade. Due to Cowen only having one year left on a significantly rising salary, his cap hit for 2016-17 would be $650,000 less than the savings by buying him out, meaning a team would get a $650,000 cap credit. (Buyout calculation performed on Hockey's Cap Buyout Calculator.