Kostitsyn put on waivers; Heading to KHL?
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06-26-2013, 09:49 AM
Join Date: Sep 2006
Originally Posted by
According to an article in the fishwrap today, if we loan him to the KHL, which we would do if he finds a deal over there, we do not owe him the salary but the $3 million would count against our cap. That's what I understood from the article.
Yeah I forgot about that new CBA rule.
10. Contracts Outside the League
Money paid to Players on NHL SPCs (one-ways and two-ways) in another professional league will not be counted against the Players’ Share, but will be counted against the NHL Club’s Averaged Club Salary for the period during which such Player is loaned to another professional league as follows:
a) In the case of a one-way SPC, the AA of such SPC less the then applicable NHL Minimum Salary plus $375,000 (e.g., currently $900,000) will be counted against the Club’s Averaged Club Salary, or
b) In the case of a two-way SPC, the total compensation (defined for these purposes as the greater of: i) that League’s Year’s stated Paragraph 1 Minor League Salary and Bonuses (other than Exhibit 5 Bonuses unless earned) and ii) guaranteed salary and Bonuses) in excess of the then applicable NHL Minimum Salary plus $375,000 (e.g., currently $900,000) will be counted against the Club’s Averaged Club Salary.
For further clarity, any Exhibit 5 performance bonuses payable but not earned/paid shall not be charged to the Club’s Averaged Club Salary pursuant to this provision. For example, if a Player on a two-way SPC with Paragraph 1 Salary of $600,000/$60,000 and Earnable Exhibit 5 Performance Bonuses of $2,850,000 (AA = 3,450,000) is Loaned to another professional League, the Player’s Club will not receive a charge to its Averaged Club Salary for as long as such Player is on Loan.
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