As far as #Leafs salary cap, Jared Cowen is officially bought out. His arb hearing will determine if buy-out was legal. He is not on roster
— Kevin McGran (@kevin_mcgran) 24 September 2016Clears it up right? I mean it's not an "arb" hearing, but okay.
A Cowen buyout saves #Leafs an estimated $2.8M ($2.15M buried + $0.65M cap credit). Leaves them about $2.1M in cap space to start season.
— General Fanager (@generalfanager) 24 September 2016
So the numbers are clear, depending on how the Leafs jig around this guy or that on the roster they have somewhere around $2 million in actual cap space.