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05-01-2013, 02:52 AM
  #75
Fugu
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When Jiri Fischer was medically no longer cleared to play, he had at least 1-2 yrs remaining on his contract. Even though everyone knew he would never play hockey again, the Wings had to carry the cap hit for his contract for the remaining term, as an LTIR. I presume he was paid out with insurance, but the cap hit remained.

I'm trying to envision why Spezza would 'retire' and forego the remainder of his guaranteed contract value? These contracts are insured for exactly these types of scenarios. The Sens would still have to carry the cap hit since LTIR cap hits still count against the team's cap and players' share. Keep in mind that there is no "exemption" since the team is under the salary cap, not over it.

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