It kinda sucks that swapping Lupul for JVR saves only $1.2mill.
Well, is there official word on JVRs salary yet? We have the 1M number that was floating around, but they've been known to screw that stuff up. And, yes, it doesn't save that much on Lupul's salary this year, but Lupul is signed on for 4.25M next year, so that would be a significant savings.
It kinda sucks that swapping Lupul for JVR saves only $1.2mill.
Well, sort of. JVR will only count $900K or so against the cap, but if he earns the bonuses, then he might count more for that season, and if it forces us over, we could end up having dead cap space in 2010-2011.
Right, did he officially get those? Cuz you do need to account for them.
Kane is a 3.75M cap hit.
Turris is a 2.695M cap hit.
Only this year due to the fact that the NHLPA could have reopened.
Next year, it goes back to the standard way:
Calculate cap hits based on the salary only ... this can not exceed the cap.
Calculate all potential bonuses on all active roster contracts + the cap hit above. This number can not exceed 107.5% of the cap.
At the end of the year, all bonuses actually earned are charged to the cap. If you exceed the cap, then the overage gets transferred to the next year as dead cap space.
JVR was the #2 pick. I'm sure he got the max of all of them.
There is no way Kane is a $3.75M cap hit annually. You can not get more than $2,212,500 in bonuses in any year, plus the annual salary max is between $850K and $925K depending on when they sign.
There is no way Kane is a $3.75M cap hit annually. You can not get more than $2,212,500 in bonuses in any year, plus the annual salary max is between $850K and $925K depending on when they sign.
My bad ... you can only have $212,500 on any particular bonus, but you can have up to $850,000 of Type A bonus.
For JVR, possible Type A bonuses are:
Ice Time -- must be in top 6 forwards with a minimum of 42 games played
Goals -- 20 goal minimum
Assists - 35 assist minimum
Points -- 60 points minimum
Points/gm - .73 PPG, minimum 42 GP
Plus/Minus - top 3 forward on team, among forwards with at least 42 GP
End of Season All Rookie Team
NHL All Star Team
NHL All Star Team MVP
(These must all be in the contract, not automatic)
Type B Bonuses the team can negotiate on are -- limited to a max of $2M.
Top 5 Hart, Selke, Richard
Top 3 Lady Byng
Top 3 Calder
1st or 2nd team All Star (end of season)
Conn Smythe winner
Top 10 in Goals, Assists, Points, Points/Gm among forwards
I am just curious... I know Hatch's contract is up this yearand we only had to pay a certain sum of his salary.. does know approx.how much more $$ will we get back.. every bit helps with our situation...
I am just curious... I know Hatch's contract is up this yearand we only had to pay a certain sum of his salary.. does know approx.how much more $$ will we get back.. every bit helps with our situation...
Technically, we always had his amounted salary available in regards to our cap. He went on LTIR, which allows/allowed us to spend up to X amount (his salary) on an another player(s) each day.
I think I got that right. Hope it wasn't too awkwardly worded.
Technically, we always had his amounted salary available in regards to our cap. He went on LTIR, which allows/allowed us to spend up to X amount (his salary) on an another player(s) each day.
I think I got that right. Hope it wasn't too awkwardly worded.
While some NHL teams have their hands full with the playoffs, others are already looking ahead to July 1 ... and it's not because of the Canada Day fireworks.
It's NHL free agency day, where teams can do an expensive remake ... or in some cases, cause severe damage that will have long-term repercussions.
"While it's important, mistakes can be made," said Boston Bruins GM Peter Chiarelli. "I think it's as important as the trade deadline, but what you're seeing now is GMs approaching July 1 with a lot more caution."
It's because, there has been plenty of good money thrown after bad gambles. This will be the fourth year NHL teams have negotiated contracts with the salary cap in place, but it's going to be the first time there's a threat of a drop in the cap.
While the members of the NHL Players' Association haven't made a decision, the 30-player executive board is expected to vote next month to accept a 5% growth factor in the cap for next season.
If that's the case, the cap is will stay at its current $56.7- million (all terms US) level or rise slightly. The GMs of the Philadelphia Flyers and New York Rangers, who don't have a lot of money to spend, probably want the NHLPA to accept the growth factor, which is automatically built in if revenue expectations are met.
The NHL isn't expected to get hit hard by the worldwide economic downturn until the 2010-11 season. It's been suggested the cap could fall as low as $50 million because revenues for advertising and ticket sales will likely take a huge hit next year in markets where the economy has slowed, the Canadian dollar has fallen and sales are tough.
50 mil in 10-11 would not be a good thing for us fans. Probably stand to lose a couple of favorites
That would be crazy. The Flyers have to take care of things fast, the earlier the better. I think the biggest issue is getting Briere to waive the NMC. If we do that we can easily trade him for JBo, then Lupul and Jones for Harding and field a very good team. I honestly think that if Homer asked Briere to waive his NMC he would do it. Briere doesnt seem like a hard ass. The other option is that we trade Carter. It would suck, but we would get more than fair return for him.
Hold on, do you have any info on how that works? It seems too good to be true.
So his max cap hit for the next 3 years will only be 1.654 mill?
Let you know the details later this weekend ... just going off an email from Irish at this point ... I assume he got 900K, 925K, 925K, which would mean he only got a total of $2,212,500 of bonuses instead of the like $8,425K or so he was eligible for (max cap hit is $3,725,000 for an ELC).
