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06-18-2011, 08:36 PM
In Gordie We Trust
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Join Date: Aug 2010
Location: NY
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Originally Posted by NYRFAN218 View Post
Are you sure about that? I thought LTIR didn't start until the official cap kicks in when the season starts. The Rangers are going to run into problems because even though they have the summer cap to spend up to, that is negated by the Redden contract and now Drury's 7 million is gonna take away from what they can spend because he will count until the season starts as well.
The LTIR starts in October when Drury is placed there. Teams are allowed to spend 10% over the salary cap in the summer. If next season's cap is 62.2 million, the Rangers can spend up to 68.5 million during the summer, which includes Drury and Redden's cap hits. When the season starts, their combined 13.505 million is removed from the cap (Redden to Connecticut, Drury to LTIR). The cap goes down to 62.2 million and the Rangers would have like 6.5 million in cap space IF they spend exactly to the 68.5 limit.

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