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07-12-2009, 01:54 PM
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IrishSniper87
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Brooks - Cap Hit Buyouts When Current CBA Ends?

Stole from devils board.

http://www.nypost.com/seven/07122009...tup_178810.htm

Not the entire article, FYI.

Quote:
IT'S mind-boggling that neither general manager Paul Holmgren nor the alleged cap expert within the Flyers organization -- whomever that isn't -- understood that the seven-year Chris Pronger extension that begins in 2010-11 would be treated as an over-35 contract, applicable against the cap under essentially all circumstances as defined by the current Collective Bargaining Agreement.

And yet, Philadelphia likely will never suffer the consequences for the massive blunder in which management agreed to pay $33.4 million of the total $34.9 million within the first five years of the extension. And thus would be on the hook for a $4.921 million cap hit in 2015-16 and 2016-17, even with the defenseman in expected retirement.

The Flyers will not take the hit because the CBA will be long extinct by that time, with another round of rollbacks and amnesty buyouts expected to bridge the gap between the current labor agreement and whatever comes next.

There are no guarantees, of course, but no one knows the fate of contracts that run beyond 2011-12, which is when the CBA will expire once the NHLPA exercises its pro-forma option to extend the deal through that season.

It would, however, be a shock if the league doesn't recalibrate as part of a battle that's certain to include a laundry list of givebacks from the union intended to shrink the cap. Indeed, several general managers have told Slap Shots they believe a rollback of up to 15 percent plus a round of amnesty buyouts will be necessary at the end of next season in order to accommodate a decrease in the 2010-11 cap that is expected to be meaningful.
Thoughts?

Wow, this could be awesome for us.

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