Not entirely correct but mostly correct. If the player has long term issues, you can apply to the NHL to put them on LTIR before the season starts. Don't think we can do that with Drouin cause they said he is doing "much better" but we can with Weber cause his injuries are career threatening.
Then the daily cap space formula and accrued space is complicated to follow.
- If a team is cap compliant on opening day without using LTIR, or uses LTIR at any point during the season, the LTIR Pool is the Cap Hit of the LTIR player less the team’s cap space when the player goes on LTIR. For example, if a player with a $4M Cap Hit goes on LTIR when the team has $100K of Cap Space, the LTIR pool is $3.9M ($4M-$0.1M). Because of this, team’s often make several roster moves right before a player goes on LTIR in order to be as close to the cap as possible, in order to maximize the LTIR Pool
- If a team cannot be cap compliant on opening day without using LTIR, the LTIR Pool is the amount the team exceeds the Cap. For example, if a team is $3M over the Cap and places a player on LTIR with a $4M Cap Hit for the opening roster submission, the LTIR Pool is the $3M that the team exceeded the cap
But at the end of the day, you can't go over the cap by 10% right?