Jagr

Discussion in 'Fugu's Business of Hockey Forum' started by Agalloch, Jun 30, 2006.

View Users: View Users
  1. Agalloch

    Agalloch EliteProspects

    Joined:
    Sep 18, 2002
    Messages:
    6,040
    Likes Received:
    345
    Trophy Points:
    169
    Location:
    Lachute, QC
    Home Page:
    Hey guys,

    Just a question about Jagr's contract. Sorry if it has been asked before, but because he was making more than the individual player max before the CBA, they lowered his contract to the last year max.

    Now, the max is up to 8.8 millions (right?), so I guess his contract will go to 8.8 also ? Maybe I'm wrong there, I just want to know...

    Thanks!
     
  2. crashlanding

    crashlanding Registered User

    Joined:
    Nov 29, 2005
    Messages:
    7,605
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Chicago
    Good question. The NHL seemed to make things up as they went with regards to Jagr's contract. I really think it comes down to whether he makes a stink about it or what. He probably won't though because of the amount of crap he'd take for what would amount to about a million dollars.
     
  3. Sens Rule

    Sens Rule Registered User

    Joined:
    Sep 22, 2005
    Messages:
    23,032
    Likes Received:
    24
    Trophy Points:
    116
    Pretty sure Jagr was making more than the max this year. Because of the split of Washington and NY paying parts of his salary he was just rolled back 24% and even though that was over 7.8 million he got like 8.4 or 8.6 or something. I think that there were a couple of players who were rolled back more than 24% maybe. Possibly Yashin, Tkachuk? There was at least one player I am pretty sure.
     
  4. gooseman

    gooseman Registered User

    Joined:
    Jun 27, 2006
    Messages:
    829
    Likes Received:
    0
    Trophy Points:
    0
    Occupation:
    Programmer Puke
    Location:
    DarkSide of the Moon
    Home Page:
    I believe Jagr got some special dispensation on his due to some of the wording of his contract and the split pay issue, but there were players that took more than a 24% rollback as they were still over max. The CBA is actually very explicit about the max issue. If cap lowers, max players get reduced. If cap goes back up, their salaries do not go back up. I initially thought this was going to be a grievance type issue until I got to see the wording in the CBA, and as it was signed, it is very clear. I think the only claim the players would have would be to prove that the league manipulated numbers in order to temporarily lower cap to trim max players salaries.
     
  5. kdb209

    kdb209 Registered User

    Joined:
    Jan 26, 2005
    Messages:
    16,271
    Likes Received:
    5
    Trophy Points:
    126
    Wrong. Max salary players DO NOT have their salary reduced if the cap goes down.

     
  6. abev

    abev Registered User

    Joined:
    Sep 30, 2005
    Messages:
    3,596
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    NY
    Home Page:
    Either that or it was done before the new CBA. Not after when everyone knew what the rules were and still got it wrong.
     
  7. Irish Blues

    Irish Blues Present once again

    Joined:
    Dec 15, 2002
    Messages:
    21,806
    Likes Received:
    6
    Trophy Points:
    171
    Occupation:
    Actuary
    My understanding is that when the rollback took place, everyone's salaries for '05-06 and future years dropped 24% with those who'd end up under $450K going to that figure and everyone who'd still be above $7.8M going to that figure. Jagr may have been the only one, Tkachuk, Yashin and Lidstrom were at $10M each.

    Since the Capitals were picking up part of Jagr's salary, the Rangers were only charged for the part they actually pay (hence the $4.94M cap hit for him) but the Caps were not charged for the part they are paying (following the clause in the CBA prohibiting this practice). This allowed him to collect the part from Washington free and clear and thus is salary is $8.36M.

    If there were any other players in such an arrangement (one team picks up part of a player's salary on another team), it was grandfathered in without the former team taking a cap hit.
     
  8. kdb209

    kdb209 Registered User

    Joined:
    Jan 26, 2005
    Messages:
    16,271
    Likes Received:
    5
    Trophy Points:
    126
    Nope. It was all covered in the CBA and attached exhibits.

    Washington's portion of Jagr's salary does not count against the team cap, but does count against the 54% players share.
    By my reading of the CBA (and the all important transition/complience Exhibit 16) I actually don't see any mechanism for reducing a pre-CBA salary to the Maximum Player Salary ($7.8M for the $39M '05-'06 Upper Limit), other than the standard accross the board 24% rollback.

    I beleive Jagr would have been the only player affected by that - all other players (Tkachuk, Lidstrom, Yashin, etc) were below the Maximum Player Salary after the 24% Rollback.

    Article 16 covers in detail making existing contracts comply with the new Minimum Player Salary (including the effects of the rollback), but makes no mention at all of the Maximum Player Salary, which seems a surprising oversight, given the other level of detail in transition corner cases in Exhibit 16.

    Upon further reading, I guess the additional rollback to Max Salary could be construed from several disparate clauses in the CBA:

    Since Jagr's multi-year SPC wasn't signed under this CBA ("For a Player signing a multi-year SPC pursuant...") , I'm assuming the "shall be based upon the Upper Limit at the time the SPC was signed" clause is meaningless.

    This (in conjunction with 11.11) could be read as to reduce Jagr's salary to the Maximum Player Salary, but another clause (50.5 (d)(ii)) suggests the opposite:

    Note that 50.5(d)(ii) explicitly calls out the Maximum Player Salary limit in (B) for "an SPC entered into following the execution of this Agreement", but (A) is silent on this point for "any SPC entered into prior to the execution of this Agreement".
     

Share This Page

monitoring_string = "358c248ada348a047a4b9bb27a146148"