Salary Cap: CBJ and the salary cap

[Monk]

Boom, baby.

This is like when EDM called the Wennberg buyout ~3 years ago.

 

[Iron Balls McGinty]

Thanks! That's good info! That 80% is for money purposes, not cap tho, right? He still won't be on the cap at all. Important for CBJ for sure though.

Correct, the LTIR relief allows the team to spend up to the full cap hit over the cap if necessary. The money still technically counts against the cap, the team just gets an exception to spend that amount over the cap as long as the player is on LTIR.

As far as actual money goes, the team would be responsible to only pay 20% of the salary with the insurance company covering the other 80%

 

[MoeBartoli]

I don’t know Jarmo’s next move - if any - but he’s doing a good job of staying ahead of the cap.

 

[Antawn]

I don’t know Jarmo’s next move - if any - but he’s doing a good job of staying ahead of the cap.

Agreed, but geez louise are we gonna have to pay the piper in two years. Like, all the pipers.

 

[EspenK]

We now (post-Murray deal) have 11mm in cap space assuming PLD @6 and Gav @3. If Jarmo saves some there its all to the good.

 

[EspenK]

Latest Salary Cap announcement form Bettman indicates its flat for next year and foreseeable future flat or slight increase. Given that, how does it affect Jackets? Prior to this mess it was assumed Jones, Zack and Laine would get big $ on their next deal. Now who knows.

Trading them (or at least one of the D) makes some sense but what teams have enough cap space to absorb their next deals? Most likely Jackets have to take back major $ in return. Or is this now the ideal time to blow it up and dump salary for picks and prospects?

Capfriendly says next year's hit is 54mm under contract for 16 guys.

Laine's qualifying offer is 7.5mm. That raises hit to 61.5. Leaves 20mm for 6 guys. Figure Tex is a definite at say 2. 18 mm for 5 guys. Figure we'll lose 1.6 for either Kukan or Harrington in exp draft.
So back to approximately 20mm for 6 guys.

This whole thing makes it difficult to see how the team can be restructured for the better.

 

[DarkandStormy]

Latest Salary Cap announcement form Bettman indicates its flat for next year and foreseeable future flat or slight increase.

Kind of weird - they're adding Seattle and signing a huge new deal with ESPN.

 

[JacketsDavid]

Kind of weird - they're adding Seattle and signing a huge new deal with ESPN.

The NFL cap decreased $12M (or so). It's causing massive changes.

If the NHL is flat I would consider that a win for the players.

 

[Iron Balls McGinty]

Kind of weird - they're adding Seattle and signing a huge new deal with ESPN.

But you knows, that whole buying tickets and fans in the building thing puts a real damper on stuff.

 

[domi28]

The players still owe money to the owners from last season to hit their mandated 50/50 revenue split. The cap isn't going up until the players pay back through escrow withholdings the money they owe the owners for last year and probably this year. The latest I read was that even with Seattle and the new TV deal and arenas back to full capacity next season it would be 3-4 years until the cap goes up.