: Salary Cap:
Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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01-13-2013, 11:46 AM
Join Date: Mar 2006
Originally Posted by
So what are we to do with Brad Richards?
Do you guys really think he will play out to his full contract ?
-Richards will be 40 years old by the end of the 2019-20 season, which is the final year of his contract. He won't be worth a $6.66 million cap hit at that age, or in the few years before that.
Richards is 32 years old and his offensive production has dropped by at least 10 points in each of the last two seasons.
Team Year GP G A PTS
Stars 2009-10 80 24 67 91
Stars 2010-11 72 28 49 77
Ranger2011-12 82 25 41 66
Would you use the other buy-out at the end of the 2013-2014 season ?
CAP ADVANTAGE RECAPTURE
Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.
Following retirement/defection, the “advantage” will be “recaptured” and charged against the club’s cap in equal amounts each year until the contract expires. This penalty applies to any team that received a cap advantage from the contract — ie. a traded contract — except in the event that the trade occurred prior to the new CBA coming into place in January 2013.
You play the next two seasons and revisit this in 2 years during the final compliance buyout period when you actually know what kind of shape he is in. Way too premature to even be contemplating a buyout now; we should be focusing on competing during the next two seasons.
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