I dont understand why a team needs to be near the upper limit of the cap to place someone on LTIR. Shouldnt it be fine as long as a team doesnt drop below the cap floor?
Maybe RangerBoy or someone can clarify but if the cap goes to 63.5 and you get that 10% cushion for the summer at 69.85 which basically covers us carrying Redden. In the article it states we have to spend all of Drury's cap hit to place him on LTIR so can we technically spend 69.85 + 7.05 = 76.90 ???
Then that puts us after those two are LTIR and waived at 63.35.
I mean spending his cap hit wouldn't be hard in comes Richards at 7 and out goes Drury at 7.05, and i'm sure we'll get that 50,000 tied into one of our RFA's.
LTIR is tricky. When a player is placed on LTIR, he still counts against the cap. The team is then allowed to replace that player with any number of players up to that injured player's salary. If that means the team goes over the cap, then they go over the cap.
Here's an example:
Cap: 60 mil
Current projected cap spending: 59 mil
Christensen gets hurt in training camp and we put him on LTIR. His cap hit 925k.
This does NOT allow us to go to 60.925 mil. Our available cap space has to be used up first, so there is no benefit to putting Christensen on LTIR. The LTIR savings are also prorated based on when the player was injured. So say it was Avery instead of Christensen. If it occurred at midseason, we still wouldn't see any benefit from LTIR because the LTIR savings would be less than our available cap space. That's why we didn't put Frolov on LTIR last year (that, and we needed to leave room to pay bonuses).
I think if we go into the season with Drury on the roster and then place him on LTIR, that should give us quite a bit of money to play with. But that isn't going to be much use to us until the trade deadline.
There is no clause in the CBA preventing injured players from being traded. Insurance pays the team $4M of the $5M.
Well, that should make trading him pretty easy. 7M cap hit for just 1M in real dollars, like it was said a team like Phoenix would probably love to take him. Of course Drury could block it with his NMC, but that would make im a real ass...
Can we exceed the summer cap by his salary? If so this is a non issue as long as the contract to BR or any other player(s) doesnt exceed Drurys cap hit of 7M
Very hard for us commoners to understand and analyze however I'm guesssing that it may mean a guy like Wolski actually gets to stay because a) he helps push Rangers total dollars higher and b) eventually, Drury's entire cap hit won't affect 2011. RB, doesn't the payroll have to peak at the max and then players can be moved after Drury goes to LTIR? This ain't the end of the world.
That is sort of strange. I wouldn't expect the league allow someone to claim they have a "career ending injury" and not retire. Doesn't the league have insurance policies for this sort of thing?
I mean if his injury is legit career ending, couldn't he get some compensation still and not count against the cap?
Just trade him to Phoenix or any other team that needs to hit the lower cap limit. Drury will file his insurance papers and his salary will be paid for. What's the problem?
Just trade him to Phoenix or any other team that needs to hit the lower cap limit. Drury will file his insurance papers and his salary will be paid for. What's the problem?
Well, if Drury is injured, then does his cap hit still potentially get a team over the floor?
And f that is indeed the case, what reason does Drury have to let the Rangers trade him anywhere? To do them a favor? They were just about to terminate his contract and pay him 3.7 mil not to play for this hockey club. If you're Drury, do you see any reason to do the Rangers any favors?
You've got to be kidding me. Trade this poor sucker to another team and let him stay LTIR there. I'm really getting tired of this guy. If that doesn't happen, he better retire, if not it'll be a big ***** move on his part.
Well, if Drury is injured, then does his cap hit still potentially get a team over the floor?
And f that is indeed the case, what reason does Drury have to let the Rangers trade him anywhere? To do them a favor? They were just
about to terminate his contract and
pay him 3.7 mil not to play for
this hockey club. If you're Drury, do
you see any reason to do the
Rangers any favors?
Seeing as how Sather gave him the contract of a lifetime, Drury owes the organization some respect. Also, the buying out salary is identical to his insurance salary, either way, he's still getting paid to sit on the couch. I don't see the problem here.
Well, if Drury is injured, then does his cap hit still potentially get a team over the floor?
And f that is indeed the case, what reason does Drury have to let the Rangers trade him anywhere? To do them a favor? They were just about to terminate his contract and pay him 3.7 mil not to play for this hockey club. If you're Drury, do you see any reason to do the Rangers any favors?
on the other hand is there any reason to not let himself be traded? he doesn't have to actually go anywhere, since he himself is admitting he can't play anymore. He doesnt' lose any money. In such a situation he'd just be being spiteful for no good reason. But I think it's unlikely that anyone will want to trade for him
If he has yet to file the paperwork they should buy him out before he has the chance and let him file the grievance.
I was thinking the same thing. The buyout window opens in ~12 hours. The race is on!
Quote:
Originally Posted by pld459666
This is a big test for Drury as a person.
It's definitely going to change my opinion of him if this is how it pans out.
Quote:
Originally Posted by Fitzy Duke of NY
Well, if Drury is injured, then does his cap hit still potentially get a team over the floor?
It does. If you're not at the upper limit, you can't use the LTIR exemption. It would actually be a dream for someone like Wang who's already got a $2.2M hit from Yashin on the books. Add Drury and you might see what a $30M NHL roster can do.
Well, if Drury is injured, then does his cap hit still potentially get a team over the floor?
And f that is indeed the case, what reason does Drury have to let the Rangers trade him anywhere? To do them a favor? They were just about to terminate his contract and pay him 3.7 mil not to play for this hockey club. If you're Drury, do you see any reason to do the Rangers any favors?
I don't see it as him doing the Rangers a favor. I see it as him not being a dick. He can't play any more. He has a career ending injury. Why should he be pissed that the Rangers were going to buy him out? I have a hard time believing he would be that petty.
please excuse my ignorance, but can we still sign BR, Iginla , or any other player, exceed the cap by X amount and just become cap compliant in Sept?
If I'm reading everything correctly, the X amount we can exceed the cap by in the summer is 10%. Most likely around $6.5 million or so, which is pretty much the Redden contract.
If I'm reading everything correctly, the X amount we can exceed the cap by in the summer is 10%. Most likely around $6.5 million or so, which is pretty much the Redden contract.
Yup, that's how Redden's contract is still hurting us. Takes away nearly all of our summer cap flexibility.
I may be reading too far into this, but if he is going to file paperwork that he has a "career ending injury", doesn't that mean he's done and is going to or has to retire?
Doesn't make much sense to me. Why would a team keep you on the books when you state there is no chance you can play again? Why not just take the buyout and get some money. His cap hit may be $7 million but is actual pay is a couple million less then that.
Why would you want to screw over your current (and childhood favorite) team by keeping your $7 million cap hit on the books if you know you could never play again. The Rangers would find a place for him in the organization no matter what.
The same reason his favourite team would want to screw him over? Though I doubt it's that personal but don't lose sight of the fact he wouldn't be doing anything different to the team than the team would be to him. He'd just be exercising the options available to him. Anyone remember Owen Nolan doing this less than 24 hours before he was to be bought out?
, or any other player, exceed the cap by X amount and just become cap compliant in Sept?
