Around the NHL part 4: season's starting, so let's mock everyone else
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01-09-2013, 12:35 PM
Join Date: Feb 2009
Location: Cary, NC
Originally Posted by
Can anyone here elaborate on this cap punishment thing? I THINK I get it, but someone on Twitter was playing out a scenario where Weber's contract could potentially carry a cap hit of like $32 million in 2020-2021, or something, and I would love to know the math that goes behind that!
Also, if anyone understands the new "trade half of a contract" thing better than I do, please explain. Seems like an awesome idea but I don't think I quite fully understand it yet...
Puck Daddy talks about the cap punishment here.
My understanding is that if a team gets a benefit in cap space from a 7+ year contract and the player retires before the end of the contract, all that cap "savings" is applied to the remaining time on the contract.
Nashville saves almost $33 million in cap space vs what they actually pay Weber over the first 6 seasons of the contract. But the earlier Weber retires, the more that penalty is spread out. The penalty is spread across the remaining seasons on the contract. If Weber retires in 2025, the Predators take a cap hit of $7.857 million in the 2025-26 season.
Also, each year Weber plays for a lower salary than his cap hit decreases the penalty, as it's taken as how much he was paid vs the cap hit over the time he played.
None of these rules will affect the Jordan Staal contract, which is a flat $6 million per year for 10 years with no deviation.
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