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05-04-2010, 06:50 AM
  #3
RangerBoy
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If you add all of the Rangers one way contracts and everything which makes up the summer cap which is the upper limit plus 10%,the Rangers don't have much flexibility.

Quote:
(ii) Upper Limit.
(A) With the exception of the Bona-Fide Long-Term
Injury/Illness Exception set forth in Section 50.10(d) below
and the Performance Bonus Cushion set forth in Section
50.5(h) below, no Club shall at any point during a League
Year be permitted to have an Averaged Club Salary that
exceeds the Upper Limit of the Payroll Range.
(B) Nevertheless, in order to ensure that Clubs may have
sufficient time and flexibility to plan their rosters during
the off-season, the Upper Limit shall be temporarily raised
by ten (10) percent to permit Clubs additional flexibilit y
with their Averaged Club Salaries during the period from
July 1 until and including the last day of Training Camp.
On the day following the last day of Training Camp, the
Upper Limit shall again be lowered to the level as
calculated in Section 50.5(b), and all Clubs must once
again be in compliance wit h the Upper Limit from the day
following the last day of Training Camp until and including
June 30.
Quote:
(i) "Averaged Club Salary." "Averaged Club Salary" shall mean the
entire aggregate amount committed by each Club in a League
Year, calculated daily, as Player Salaries and Bonuses in that
League Year (and which is intended to include any and all other
commit ments to Players as set forth below), with Player Salaries
and Bonuses calculated in accordance with the "Averaged
Amount" as defined below. The calculation of Averaged Club
Salary does not include Benefits. Actual Club Salary is utilized to
calculate the League-wide Player Compensat ion, as contrasted
with Averaged Club Salary, which is utilized to determine a Club's
Payroll Room.

(A) From July 1 until and including the last day of Training
Camp of each League Year, "Averaged Club Salary" for
each Club for that League Year shall be calculated as the
sum of the Player Salary and Bonuses for that League Year
for each and every Player, from the following categories:

(1) The Averaged Amount of the Player Salary and
Bonuses for that League Year for each Player under
a One-Way SPC with the Club; plus

(2) All Deferred Salary and Deferred Bonuses to be
earned in that League Year (in accordance with
Section 50.2(a) and Section 50.2(b), respectively);
plus

(3) All Ordinary Course Buyout Amounts to be paid in
that League Year (in accordance with Section
50.9(i)); plus

(4) Any amount offered in that League Year by the
Club in a Qualifying Offer or in an Offer Sheet to a
Restricted Free Agent from the date of such offer
until the earliest of the following: (A) the
Restricted Free Agent signs an SPC with the Club;
(B) the Restricted Free Agent signs an SPC with
another Club; or (C) the Qualifying Offer expires
pursuant to Article 10.2 (for purposes of Two-Way
Qualifying Offers, the NHL portion of the
Qualifying Offer will be counted at a rate reflective
of the Player's time on an NHL Roster (including
days on Injured Reserve, Injured Non Roster and
Non Roster status) the prior League Year so that,
for example, a Player who spent forty-six (46) days
on an NHL Roster (including days on Injured
Reserve, Injured Non Roster and Non Roster status)
in a 184-day regular season, and receives a
Qualifying Offer for $500,000 (NHL) / $50,000
(AHL), the portion of his Qualifying Offer that will
count for off-season accounting purposes will be
46/184 x $500,000 = $125,000); plus

(5) For any Player under a Two-Way SPC, the NHL
portion of the SPC will be counted at a rate
reflective of the Player's time on an NHL Roster
(including days on Injured Reserve, Injured Non
Roster and Non Roster status) the prior League
Year so that, for example, a Player who spent forty-
six (46) days on an NHL Roster (including days on
Injured Reserve, Injured Non Roster and Non
Roster status) in a 184-day regular season, and has a
Two-Way SPC for $500,000 (NHL) / $50,000
(AHL), the portion of his NHL Salary and Bonuses
that will count for off-season account ing purposes
will be 46/184 x $500,000 = $125,000; plus

(6) For SPCs entered into prior to the execut ion of this
Agreement, the face amount of any vested option,
the face amount resultant from a salary revision, a
salary or bonus guarantee, or other such
compensatory provision in such 1995 Standard
Player Contracts (see also Exhibit 16 of this
Agreement regarding options); plus

(7) With respect to any new Player Salary or Bonus
dispute between a Player and a Club arising after
the execution of this Agreement (i.e., relating to
Player Salary and Bonuses payable on account of
the 2005-06 League Year or any subsequent League
Year), any amount paid (excluding interest) in
satisfaction of any award or judgment relating to, or
settlement of, any such dispute, but only to the
extent that such amounts have not otherwise been
included in the Player's Player Salary or Bonuses.
Say the upper limit is $57 million. Add 10%. $62.7 million. If you add all of the Rangers one way contracts including Redden,Brashear and Rissmiller plus Johnson's pro rated $210,000 for this season which is applied to the summer cap(5),other players under 2 way contracts who played in the NHL this season and the Rangers QO's,it's like $51.5 million not including Lisin's $830k QO which he won't get(you would think). If Staal gets a long term deal,it's going to eat up big room. His QO is $803,250 based on his $765,000 salary. If Staal gets $3.5 million,that 4 times his QO.

Everyone doesn't include Redden,Brashear(stuck with his cap hit unless they trade him or place on LTI which isn't until October and the Rangers would need to be near the upper limit to get that benefit) and Rissmiller in their team projections but the Rangers can't remove that money from their cap until the season starts. If they can't remove the money until October,they're stuck.

When Torts talks about getting younger. The Rangers may have no choice if you look at their cap.

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