: Salary Cap:
Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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01-07-2013, 09:36 PM
Join Date: Jul 2004
Originally Posted by
Henriks Broadway Hat
What do they mean by "retain?"
A team can trade a player and agree to share part of the player's cap hit with the other team.
Rangers could trade Richards to Phoenix and agree to retain 50% of his cap hit. Rangers would incur a 3.33M Cap charge each year while Richards plays in Phoenix. Phoenix would incur a 3.33M Cap charge each year while Richards plays in Phoenix. And the Rangers would also send Phoenix a check every year for 50% of what Phoenix paid to Richards.
Edit: The above example might not be within the restrictions of the clause because the Rangers would be retaining in excess of 3M. I've seen some sources report that the most they can retain is 3M per player. The general point stands though.
Last edited by Crease: 01-07-2013 at
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