Really? When was that stated? I didn’t realize he’s that injured.
A while back, he's done. This is a good summary of the trade:
Callahan has 4.7M money left, but 80% is insured. Ottawa will pay only 940k on real dollars.
Condon had 3.0M money left. Tampa will pay it all.
So ~2M difference in money paid. Senators pay that much less.
With LTIR usage, Tampa would have had only ~8.9M left to sign both Adam Erne and Brayden Point, to complete their season-starting roster.
Now, even with Condon buried on waivers and taking some caphit penalty, they have 10.05M to sign Erne and Point.
Tampa gets ~1M more cap space with this move, paying ~2M more in real dollars.
Ottawa saves money while increasing their total cap hit as Callahan isn't going to be placed on LTIR
Ottawa moves up a couple draft spots and is no2 paying about 3 million in actual money for 15 million in salary (Gaborik, Callahan, MaCarthur. They're circumventing the floor.