Which teams will have trouble meeting $29 million cap floor?

Discussion in 'The Business of Hockey' started by Alpine, Jul 5, 2006.

  1. Alpine

    Alpine Registered User

    Joined:
    Oct 28, 2005
    Messages:
    2,150
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Moncton, NB
    May not sound like much, but I'm sure there'll be one or two?
     
  2. GKJ

    GKJ Global Moderator

    Joined:
    Feb 27, 2002
    Messages:
    137,974
    Likes Received:
    1,502
    Trophy Points:
    215
    Chicago and Washington, maybe. I'm not sure exactly what their current payroll is, but they're 2 teams who have done nothing and already had a low payroll
     
  3. TaiMaiShu

    TaiMaiShu Registered User

    Joined:
    Aug 12, 2005
    Messages:
    6,733
    Likes Received:
    0
    Trophy Points:
    94
    The Devils would be happy to help these teams out.
     
  4. Irish Blues

    Irish Blues Worth waiting for :)

    Joined:
    Dec 15, 2002
    Messages:
    21,800
    Likes Received:
    0
    Trophy Points:
    0
    Occupation:
    Actuary
    None. They'll all get there, even if that means giving some 4th liner $2.5M this year to do it.

    That's a distinct possibility for some team wanting to go really cheap this year, but I think only Mogilny could get moved. Still, that would be $3.5M of cap space.
     
  5. sk84fun_dc

    sk84fun_dc Registered User

    Joined:
    Nov 4, 2004
    Messages:
    16,445
    Likes Received:
    0
    Trophy Points:
    0
    Isn't the floor 28M?

    A few of us that follow the numbers closely have done the math and Washington shouldn't have trouble reaching the minimum; along with the salaries, some of the players are on entry level deals (Ovechkin and we expect Green on the roster; Fleischmann?; even Backstrom if he comes over) and will earn some performance bonuses that will factor in the cap calculations.

    Counting the 18 players signed (11 including Mike Green getting promoted from Hershey and Pothier's new deal) or qualified (7 from the end of season NHL roster) by the Capitals, the Caps are at approx. 24 million; that figure includes maxing out Ovechkin's performance bonuses, but does not take into account possible performance bonuses for other entry level players or signing bonuses, which also count towards the cap.

    Perhaps a player or two that were qualified will not accept their offers, but most should sign; also, there is a good chance some RFAs will receive a raise/multi-year deal above their qualifying offers (e.g., Shaone Morrisonn; Matt Pettinger).

    I think the Caps will take advantage of another team's cap or RFA problems to add a player, but only if the right opportunity presents itself and, in theory, will benefit the Caps (e.g., the Friesen situation last year). McPhee has stated that he is still looking to add a d-man this off-season, possibly via trade, and a top 6 center could be another possibility if the right player was available.
     
  6. TaiMaiShu

    TaiMaiShu Registered User

    Joined:
    Aug 12, 2005
    Messages:
    6,733
    Likes Received:
    0
    Trophy Points:
    94
    Hey, better than the full cap hit.
     
  7. gocaps8

    gocaps8 Registered User

    Joined:
    Jun 19, 2002
    Messages:
    272
    Likes Received:
    0
    Trophy Points:
    0
    Home Page:
    October 4 is a LOOOOOOOOOOONG way away
     
  8. Gnashville

    Gnashville HFBoards Hall of Famer

    Joined:
    Jan 7, 2003
    Messages:
    10,995
    Likes Received:
    1,087
    Trophy Points:
    218
    Gender:
    Male
    Location:
    Rinne's Glove Side
    Anyone know the penalties for not reaching the floor?
     
  9. Grave77digger

    Grave77digger Registered User

    Joined:
    Feb 27, 2004
    Messages:
    2,579
    Likes Received:
    0
    Trophy Points:
    0
    Home Page:
    I have wondered if the Pens will have problems
     
  10. Crazy_Ike

    Crazy_Ike Cookin' with fire.

    Joined:
    Mar 29, 2005
    Messages:
    9,081
    Likes Received:
    0
    Trophy Points:
    0
    I've heard - but it is third hand - that the team simply pays the league the difference, making it rather pointless.
     
  11. Irish Blues

    Irish Blues Worth waiting for :)

    Joined:
    Dec 15, 2002
    Messages:
    21,800
    Likes Received:
    0
    Trophy Points:
    0
    Occupation:
    Actuary
    I thought about this ... and I think they're fine as is even if they don't make another move.

    They signed Malkin, who has a two-way entry-level contract (all entry-level contracts are two-way) - but since he wasn't in the NHL last year, he doesn't count at the moment. Reportedly Malkin got the max contract for rookies. (I don't doubt this at all.) The 2004 draft class had a max salary of $984,200 and max bonuses of $2.9M per year; this is what Ovechkin's contract calls for, giving a cap number of $3,834,200.

    Malkin will make the team, barring something incredible happening. Put his cap number with everyone else on the Pens, and they're over $28 million without a problem right now.
     
  12. braincramp

    braincramp Registered User

    Joined:
    Mar 10, 2004
    Messages:
    1,594
    Likes Received:
    0
    Trophy Points:
    0
    Picking nits: must comply on the first day of October.
     
  13. alanschu

    alanschu Registered User

    Joined:
    Aug 12, 2005
    Messages:
    8,225
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Edmonton, Alberta
    In basketball I'm pretty sure the money requried to get to the floor is just given to the players on the roster anyways.
     
  14. Drake1588

    Drake1588 UNATCO

    Joined:
    Jul 2, 2002
    Messages:
    28,261
    Likes Received:
    36
    Trophy Points:
    176
    Location:
    Northern Virginia
    The answer is none.
     

Share This Page

monitoring_string = "358c248ada348a047a4b9bb27a146148"