Jaromir Jagr: extra deduction?

Discussion in 'The Business of Hockey' started by MacDaddy TLC*, Jul 14, 2005.

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  1. With 20% of total cap being the limit on how much one player can make, is Jaromir Jagr taking an extra $560K off his salary? His 11 mill minus the 24% is $8.36mil and 20% of $39mil being $7.8 million, it would seem Jagr will lose a little more.

    Sorry if this has been addressed already, but I couldn't find it.
     
  2. Lobstertainment

    Lobstertainment Oh no, my brains.

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    I've noticed that too, I guess it means he falls to 7.8, or maybee he gets 7.8 and the rest of the 8.36 million(the 560K) is escrowed.
     
  3. Spungo*

    Spungo* Guest

    He gets his 8.36, but only 7.8 counts towards the cap. All players making more than 20% of 39m will be grandfathered into the new CBA.
     
  4. Large_Farva*

    Large_Farva* Guest

    Only $4.18 Million is counting towards the Ranger's Cap.
     
  5. NYRangers

    NYRangers Registered User

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    They said they will grandfather those big contracts in.
     
  6. CrazyCanucks

    CrazyCanucks Registered User

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    Where does it say that? Sources? Links?
     
  7. NYRangers

    NYRangers Registered User

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    Man I'm not going to be able to find it now. Theres like a billion articles on the CBA, I can't remember which one. You'll just have to believe me.
     
  8. CrazyCanucks

    CrazyCanucks Registered User

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    I have read alot of artcles, and none of them mentioned that. Also the panels on TSN, The Score and Sportsnet never reported that
     
  9. There was also a thread here over the last few days saying absolutely no grandfathering. I saw where Jagr's cap hit will be split between the Caps and Rangers and maybe that is how he escapes with all his cash. Are the Caps paying half of his salary?
     
  10. NYRangers

    NYRangers Registered User

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    Yes, see? There have been numerous articles how the Rangers and Caps will split his money.

    It only effects a couple of guys. Like Yashin. Look around for the article in this forum, I found it in here buried under garbage.
     
  11. I don't see how Yashin would fit into this. His contract is the sole stupidity of the NY Islanders. Also, Yashin with the 24% deduction is under the $7.8 mil magic number.

    EDIT: Do teams have to spend the 39 million for the 20% to be counted against 39 million, or will it be 20% of their total salary?
     
  12. Spungo*

    Spungo* Guest

    Yes they did. That's where I heard it, on TSN.
     
  13. Spungo*

    Spungo* Guest

    20% of 39 million.
     
  14. Taranis_24

    Taranis_24 Registered User

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    Thought I heard the 39M includes players cost around 2.2M so the salary cap is really around 37M if i am not mistaken. Caps were on the hook for like 40.9% of his remaining salary (4.5 out of 11M). Would think this gets prorated the same 40% out either 7.8M or 8.36M? Think this is something that will have to be specifically addressed at the BOG next week.
     
  15. Trizent

    Trizent Registered User

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    My understanding is that Jagr's contract will count against the NYR cap. Just because the Caps are paying part of his salary doesn't necessarily mean that it will count against the Caps cap. Basically the money deal between NYR and Capitals is separate to the Salary Cap situation.
     
  16. Drake1588

    Drake1588 UNATCO

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    The Caps are on the hook for $4.5M per each remaining year of the $11M/yr contract. Post rollback, that's $3.87M the Caps are paying, and $5.59M the Rangers are paying each year left on the deal.

    For the purposes of the salary cap, the league determined that the contract is split in half: for the nearly $9.5M Jagr receives each year, post-rollback, about $4.75M is charged against each team's salary cap figure.

    This is presumably fine for the Capitals since they have no intention of maxing out their cap. The Rangers, on the other hand, probably will be very close to the cap. Works for everyone. Since Jagr's cap percentage is halved between the Caps and Rangers, it is not an issue in terms of percentage of a team's total budget. He is only taking up $4.75M of the Rangers' cap space, even though his actual salary is almost $9.5M/yr.

    That should cover it.
     
  17. Mess

    Mess Global Moderator

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    Not lost to Jagr .

    Leafs Lunch convered this issue on tuesday ..

    Jagr will receive a payout they called market correction .. His contract will be adjusted using a similar rule to the signing bonus would be and allow Jagr to receive the 560k in payment in terms above and beyond his contract.

    Under the new CBA Jagr contract will only be $7.8 mil ..
     
  18. free0717

    free0717 Registered User

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    Will it be 4.18 half of 8.36 ir 3.9 million half of 7.8 million against the cap?
     
  19. RangerBoy

    RangerBoy TRUST THE PROCESS

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    http://www.nydailynews.com/sports/story/328555p-280821c.html
     
  20. RangerBoy

    RangerBoy TRUST THE PROCESS

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  21. HockeyCritter

    HockeyCritter Registered User

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    Says who? I haven't found one credible source (and don't feed me Brooks' articles) that says anything one way or the other.
     
  22. Buffaloed

    Buffaloed webmaster

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    Not necessarily, he's been known to wear out his welcome. While the reduction to a $4.4 million cap hit helps out the Rangers, it also makes him attractive trade bait.
     
  23. Fedz

    Fedz Registered User

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    Don't worry about Jagr being under, he's had some paid by Washington, but Lidstrom with the rollback is worth more than the 20% he can be worth. Does that mean Detroit *HAS* to buy him out?

    EDIT: Damn, I'm stupid, ignore that post.
     
  24. Motown Beatdown

    Motown Beatdown Need a slump buster

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    Lids will be at 7.6 million so even with the grandfather he would have been okay.
     
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