Thread: Speculation: UFA Thread
View Single Post
Old
06-27-2013, 12:24 PM
  #551
ThirdManIn
Global Moderator
Aspiring Sinecure
 
ThirdManIn's Avatar
 
Join Date: Aug 2009
Posts: 53,116
vCash: 500
Quote:
Originally Posted by weeze View Post
Wouldn't we get to add SK74 money back to the cap before we use it to buy?
Only $900k of it.

Quote:
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.

ThirdManIn is offline