HFBoards

HFBoards (http://hfboards.hockeysfuture.com/index.php)
-   New York Rangers (http://hfboards.hockeysfuture.com/forumdisplay.php?f=24)
-   -   Will Jagr's contract count against the cap? (http://hfboards.hockeysfuture.com/showthread.php?t=46295)

#37-#93-#27* 01-23-2004 06:17 PM

Will Jagr's contract count against the cap?
 
It was signed before the new CBA obviously. When the NBA installed the cap, all old contracts signed did not count against it. Are there any legalities involved that would force this?

Fire Sather 01-23-2004 06:22 PM

If this was true.. why is it that most teams dont have many players signed beyond this season?

#37-#93-#27* 01-23-2004 06:24 PM

Quote:

Originally Posted by nYr LunDmArK 21
If this was true.. why is it that most teams dont have many players signed beyond this season?

Well because most are already losing money so they can just wait and devalue their worth because after the new cba, it's possible player's contracts will drop by 50%. They would still have to be paying the money, teams are not so much concerned with being over the cap but having their payrolls as high as it is right now.

NYR469 01-23-2004 07:02 PM

no one knows how it will effect the cap because the details haven't been agreed upon. we don't even know that there will be a cap, no less the details...that is a mystery and we won't have the answer till the new cba is in place

RangerBoy 01-23-2004 07:19 PM

Looking at the numbers involved in the Jaromir Jagr deal,the Capitals are paying $20 million of the remaining $44 million.Jagr agreed to defer $1 million in salary per season.The Rangers are responsible for the entire $5 plus million remaining this season but in the following seasons,the Rangers will be paying Jagr $5 million per until 2007-08.Considering they are paying Alexei Kovalev $6.6 million this season and it would have cost them a $2.8 million qualifier to retain the rights to Anson Carter,Jagr at $5 million per might be a bargain.The Caps are paying the remaining $5 million and the other $1 million is deferred until probably after Jagr is done playing.If there is a luxury tax,the Rangers could apply the $5 million from the Caps to help pay their luxury tax.

NYR469 01-23-2004 07:36 PM

Quote:

Originally Posted by RangerBoy
If there is a luxury tax,the Rangers could apply the $5 million from the Caps to help pay their luxury tax.

if the full $11 mil counts toward the luxury tax then it doesn't matter how much the caps pay...if you put that $5 mil toward his salary and then pay the tax or if you pay his salary and put the $$ toward the tax, it is still exactly the same $$ out of dolan's pocket, you are just moving it from one pile to another

RangerBoy 01-24-2004 07:36 AM

Quote:

Originally Posted by NYR469
if the full $11 mil counts toward the luxury tax then it doesn't matter how much the caps pay...if you put that $5 mil toward his salary and then pay the tax or if you pay his salary and put the $$ toward the tax, it is still exactly the same $$ out of dolan's pocket, you are just moving it from one pile to another


Isn't that what NFL teams do when they restructure contracts?They keep moving money around or moving money to future years for more flexibility right now.


All times are GMT -5. The time now is 01:08 AM.

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com, A property of CraveOnline, a division of AtomicOnline LLC ©2009 CraveOnline Media, LLC. All Rights Reserved.