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First ever trade in cap era where salary & cap hit retained?

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04-03-2013, 01:35 PM
  #1
lush
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First ever trade in cap era where salary & cap hit retained?

http://hfboards.hockeysfuture.com/sh....php?t=1394301


I asked the question in the above thread from the trade forum, but wanted to have a discussion on it here. Is this the first time in NHL history since the cap era began that salary and cap hit were retained in a trade? I'm very curious as to what the details are and whether we will see more of this. It's great that someone finally did it as we have our first example as to how it works. Unless there has been another instance of this I missed and I'm just completely out to lunch.

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04-03-2013, 01:39 PM
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danishh
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leafs kept 1.5M from lombardi when he was traded to phx in january.

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04-03-2013, 01:41 PM
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Yep, the Lombardi trade was the first such case. Jokinen will be the second. In both cases, the player's AAV is the same as actual salary obligation, so the math is very straightforward. It will be interesting to see the first deal in which the player traded has a wildly different AAV from actual salary obligation.

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04-03-2013, 02:03 PM
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Fugu
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Quote:
Originally Posted by lush View Post
http://hfboards.hockeysfuture.com/sh....php?t=1394301


I asked the question in the above thread from the trade forum, but wanted to have a discussion on it here. Is this the first time in NHL history since the cap era began that salary and cap hit were retained in a trade? I'm very curious as to what the details are and whether we will see more of this. It's great that someone finally did it as we have our first example as to how it works. Unless there has been another instance of this I missed and I'm just completely out to lunch.

Just to clarify that it wasn't allowed under the last CBA (2005), which was the dawn of the cap era.

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04-04-2013, 08:52 AM
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DyerMaker66
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Does anyone know how much of Jokinen's Salary was retained?
Does it impact the Penguins cap hit at all?

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04-04-2013, 08:59 AM
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Quote:
Originally Posted by DyerMaker66 View Post
Does anyone know how much of Jokinen's Salary was retained?
Does it impact the Penguins cap hit at all?
I don't think the percent retained has been officially released yet. I can't find it, at least.

The Penguins will incur a cap hit equal to the amount not retained by the Hurricanes this year and next, prorated this season for the # of games left.

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04-04-2013, 09:19 AM
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DyerMaker66
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Quote:
Originally Posted by Crease View Post
I don't think the percent retained has been officially released yet. I can't find it, at least.

The Penguins will incur a cap hit equal to the amount not retained by the Hurricanes this year and next, prorated this season for the # of games left.
So his cap hit won't be three million and the Pens won't be paying him three million?

I ask because if his cap hit becomes low enough (1-1.5) I think it's possible for the Pens to keep both Jokinen and Iginla (assuming a cap hit of roughly 5 mil) to play with Crosby.

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04-04-2013, 09:43 AM
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Quote:
Originally Posted by DyerMaker66 View Post
So his cap hit won't be three million and the Pens won't be paying him three million?

I ask because if his cap hit becomes low enough (1-1.5) I think it's possible for the Pens to keep both Jokinen and Iginla (assuming a cap hit of roughly 5 mil) to play with Crosby.
The maximum amount of cap hit retained is 50% or 3 million, whichever is lowest. So the most the Huricanes can retain is 1.5 million. So the Pens have at least that much.

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