I disagree with you,contracts will not be "grandfathered" this link from TSN states
that teams will NOT be allowed to re-structure existing player contracts in an attempt to fit a big salary under the cap! This I don't think is very fair to Jagr or
the Rangers because it looks like they might have to buy his contract out at two
thirds value and will not be allowed to resign with the team for 1 year because he
is the only player in the league after 24% rollback that will be over the MAX 7.8
Million per season. My only question I have is will the league take into consideration
that the Caps are paying some of that 8.36 Million contract and not count it
against the Rangers? I would probably say yes hopefully for the Rangers but who
Do you have a link saying that this will happen for sure under the new CBA, I am
trying to look for such a link myself! When you look at this link it shows that the
Rangers have 6 players under contract at 21.698 million and that includes
8.36 million of his contract not half of that. If it does work out that half of his
contract will count against the Capitals 39 million max cap then
sucks to be them
According to this, the Rangers have 4.4 Million Charged to their cap for Jagr. Jagr is the only player that will be allowed to get more the the 7.6 Million. He will get all 8.36 Million.
The interesting thing is that the 4 Million that Washington is paying to Jagr does not go on their cap.
I wonder if this opens a future Loop Hole for teams to get out of bad contracts. Like if a team signs a player to the max 7.6 million, can they trade him and pay some of the contract, does the player come completely off their cap?
I'm sure this is a one-time exception because of this deal being made before the CBA though.
If this is indeed true then the Rangers and alot of other teams will have less
cap room to work with!
If a player has just the 2005-06 season remaining on his contract, he can be bought out at two-thirds of his salary without it counting against the cap. If his contract extends beyond next season, a portion of the buyout in subsequent years will go against the cap. That will hamper the New York Rangers if they want to buy out Bobby Holik or Darius Kasparaitis. I don't know if this is for sure true or how
much will go against future years caps but here is the link near the bottom of the article!