norrisnick
The best...
- Apr 14, 2005
- 28,815
- 13,312
I didn't see a thread (in this section anyway) about this and I'm curious.
http://www.thestar.com/NASApp/cs/Co...7&call_pageid=1044442959412&col=1044442957278
I say pseudo-restructuring, because the existing terms don't change but what happens if you add extra years at a different value to a contract by way of an extension? The players would still receive what is owed them but the cap impact changes.
Obvious examples would be Lidstrom, Sakic, and Sundin among others. These are guys expected to finish out their playing days with their existing teams and all three no doubt will be paid less with their next contracts. Could a multi year extension at a lower amount lessen the cap impact of the existing year?
Example a 3 year $12M extension on Lidstrom's existing $7.6M deal would lower his cap figure to just below $5M for this year BUT obviously raise it over the $4M for the next three years. This "double-edged sword" quality makes it not a cap loophole, but since the actual payments don't change also not a restructuring.
Would this work? Because I think this is an avenue a select few GMs with a select few cases ought to be able to utilize.
http://www.thestar.com/NASApp/cs/Co...7&call_pageid=1044442959412&col=1044442957278
The average of a player's salary remaining on his contract is applied to the cap each season. For example, if a player has a three-year deal paying him $2 million, $3 million and $4 million, $3 million will apply each year for purposes of the cap.
I say pseudo-restructuring, because the existing terms don't change but what happens if you add extra years at a different value to a contract by way of an extension? The players would still receive what is owed them but the cap impact changes.
Obvious examples would be Lidstrom, Sakic, and Sundin among others. These are guys expected to finish out their playing days with their existing teams and all three no doubt will be paid less with their next contracts. Could a multi year extension at a lower amount lessen the cap impact of the existing year?
Example a 3 year $12M extension on Lidstrom's existing $7.6M deal would lower his cap figure to just below $5M for this year BUT obviously raise it over the $4M for the next three years. This "double-edged sword" quality makes it not a cap loophole, but since the actual payments don't change also not a restructuring.
Would this work? Because I think this is an avenue a select few GMs with a select few cases ought to be able to utilize.