Sportsnet Performance bonus overages: Which teams get pinched hardest against 2023-24 salary cap?

[Fenway]

Performance bonus overages: Which teams get pinched hardest against 2023-24 salary cap?

While the salary cap will rise by at least $1 million next season, 15 NHL teams will have some or all of that room taken up by performance bonuses attained this season. Here's a look at all the charges, with help from PuckPedia.

www.sportsnet.ca

One way that will be felt next season is in performance bonus overages. Basically, as explained on PuckPedia, if you are using LTIR and players on your roster hit their performance bonuses, those charges will apply to next season's cap. Likewise, if you are cap compliant without LTIR and your total player performance bonuses push you over, however much you exceed the upper limit by will also apply to next season's cap.

(i.e.: If your team's cap charge is $82 million against this year's $82.5 million upper limit, and player performances bonuses equal $1 million, you will carry an extra $500,000 cap charge into 2023-24.)

According to PuckPedia, last year 14 teams carried bonus overage cap charges into the 2022-23 season, but that will rise to 15 teams carrying overages into 2023-24, a new league record.

Here's a list of all the teams affected, and what their overage charges will be next season, via PuckPedia:

TEAM	OVERAGE CHARGE FOR 2023-24
Boston Bruins	$4.5 million
Philadelphia Flyers	$1,187,500
Montreal Canadiens	$1,170,000
Edmonton Oilers	$850,000
Vancouver Canucks	$850,000
Colorado Avalanche	$637,500
New York Rangers	$610,891
Carolina Hurricanes	$450,000
New Jersey Devils	$422,500
Dallas Stars	$372,829
Florida Panthers	$212,500
Seattle Kraken	$129,910
San Jose Sharks	$25,000
St. Louis Blues	$20,000
Washington Capitals	$20,000

Click to read more...

 

[EverettMike]

God they really better win this year.

 

[smithformeragent]

“You ever dance with the devil in the pale moonlight?”

We knew what this was when Krejci came back and he and Bergeron inked those deals.

This organization has avoided turning into a pumpkin well after the clock struck midnight on this window of contention.

The check is coming due.
However, I do think there avenues to retool albeit painful ones that involve trading players that your probably rather not trade.

Far less painful medicine to take if you’re coming off a Cup win.

 

[Number8]

Performance bonus overages: Which teams get pinched hardest against 2023-24 salary cap?

While the salary cap will rise by at least $1 million next season, 15 NHL teams will have some or all of that room taken up by performance bonuses attained this season. Here's a look at all the charges, with help from PuckPedia.

www.sportsnet.ca

One way that will be felt next season is in performance bonus overages. Basically, as explained on PuckPedia, if you are using LTIR and players on your roster hit their performance bonuses, those charges will apply to next season's cap. Likewise, if you are cap compliant without LTIR and your total player performance bonuses push you over, however much you exceed the upper limit by will also apply to next season's cap.

(i.e.: If your team's cap charge is $82 million against this year's $82.5 million upper limit, and player performances bonuses equal $1 million, you will carry an extra $500,000 cap charge into 2023-24.)

According to PuckPedia, last year 14 teams carried bonus overage cap charges into the 2022-23 season, but that will rise to 15 teams carrying overages into 2023-24, a new league record.

Here's a list of all the teams affected, and what their overage charges will be next season, via PuckPedia:

TEAM	OVERAGE CHARGE FOR 2023-24
Boston Bruins	$4.5 million
Philadelphia Flyers	$1,187,500
Montreal Canadiens	$1,170,000
Edmonton Oilers	$850,000
Vancouver Canucks	$850,000
Colorado Avalanche	$637,500
New York Rangers	$610,891
Carolina Hurricanes	$450,000
New Jersey Devils	$422,500
Dallas Stars	$372,829
Florida Panthers	$212,500
Seattle Kraken	$129,910
San Jose Sharks	$25,000
St. Louis Blues	$20,000
Washington Capitals	$20,000

Top of the League. Nice.

That's good, right?

 

[Dr Hook]

Top of the League. Nice.

That's good, right?

Yep, Bruins lead the league in yet another category- historic season!

 

[DaStinger]

Next year is a mess cap wise, going to be a lot of bodies going out to get the monies to ice a full roster.

 

[EspenK]

Do you guys think the Bruins keep both Ullmark & Swayman next year?

 

[LouJersey]

Do you guys think the Bruins keep both Ullmark & Swayman next year?

Swayman has zero arbitration rights so he can basically hold out or take whatever they may offer. I would think he does a one year deal for meh money with a handshake agreement for a nice extension

 

[JoeIsAStud]

Performance bonus overages: Which teams get pinched hardest against 2023-24 salary cap?

While the salary cap will rise by at least $1 million next season, 15 NHL teams will have some or all of that room taken up by performance bonuses attained this season. Here's a look at all the charges, with help from PuckPedia.

www.sportsnet.ca

One way that will be felt next season is in performance bonus overages. Basically, as explained on PuckPedia, if you are using LTIR and players on your roster hit their performance bonuses, those charges will apply to next season's cap. Likewise, if you are cap compliant without LTIR and your total player performance bonuses push you over, however much you exceed the upper limit by will also apply to next season's cap.

(i.e.: If your team's cap charge is $82 million against this year's $82.5 million upper limit, and player performances bonuses equal $1 million, you will carry an extra $500,000 cap charge into 2023-24.)

According to PuckPedia, last year 14 teams carried bonus overage cap charges into the 2022-23 season, but that will rise to 15 teams carrying overages into 2023-24, a new league record.

Here's a list of all the teams affected, and what their overage charges will be next season, via PuckPedia:

TEAM	OVERAGE CHARGE FOR 2023-24
Boston Bruins	$4.5 million
Philadelphia Flyers	$1,187,500
Montreal Canadiens	$1,170,000
Edmonton Oilers	$850,000
Vancouver Canucks	$850,000
Colorado Avalanche	$637,500
New York Rangers	$610,891
Carolina Hurricanes	$450,000
New Jersey Devils	$422,500
Dallas Stars	$372,829
Florida Panthers	$212,500
Seattle Kraken	$129,910
San Jose Sharks	$25,000
St. Louis Blues	$20,000
Washington Capitals	$20,000

Worth every penny. Really a bargain at twice the price.

 

[Jorah Marshmont]

Capfriendly has them at 27k space this year, so wouldn’t the overages be like 4.42 mil?
Seems like penny pinching but if I’ve learned anything from Dom it’s that every cent matters and that could be needed for an extra callup late in the season.
Of course I don’t know how LTIR effects that

 

[McGarnagle]

Was it worth it?

 

[trenton1]

Soften the cap and get it over with.

 

[Ludwig Fell Down]

Do you guys think the Bruins keep both Ullmark & Swayman next year?

I do. Tough to find another tandem close to equivalent for the total spend on those two next year.

Having said that, for teams with cap room and a need for a #1 goalie, a trade for Ullmark could give DS the opportunity to dump another contract on said team to clear out more space. That would hurt but may be necessary.

 

[Number8]

Yep, Bruins lead the league in yet another category- historic season!

Absolutely, just having some fun. No complaints from this fan.

But, oh good lord is that salary cap issue going to be easier to deal with if we are the 22/23 Cup WInners!!! Please god, please.

 

[Shaun]

just need bergeron and krejci to come back one more year for the minimum and sell high on gryz/forbort/carlo after winning the cup

 

[MarchysNoseKnows]

just need bergeron and krejci to come back one more year for the minimum and sell high on gryz/forbort/carlo after winning the cup

Yep, just get rid of defensemen 4-7 no big deal.

 

[Babajingo]

It looks like they have 9 roster spots to fill with 10.5 million. That's not counting the bonus's? Even if it does, they have to sign Swayman (RFA). Would love to see Bertuzzi back but probably not likeable. I think the best way to free up some space is getting rid of Ullmark and Gryz. Thats 8 million right there. Would suck to lose Linus but it might have to be done.
Also, do PB and DK come back? and how much will it dig into the cap space?

Whatever.

 

[JoeIsAStud]

I do. Tough to find another tandem close to equivalent for the total spend on those two next year.

Having said that, for teams with cap room and a need for a #1 goalie, a trade for Ullmark could give DS the opportunity to dump another contract on said team to clear out more space. That would hurt but may be necessary.

The problem is the Bruins don't really have any bad contracts to dump. Sure they have Mike Reilly, but he can be bought out for 333K. If you believe Forbort is bad, even he could be bought out for 667k.

 

[Ddawg]

As a former goalie I would hate to see Carlo go. You always need that one big stay at home defenseman that you pair with an offensive defenseman. Not sure why people want to see him go.

 

[Ludwig Fell Down]

The problem is the Bruins don't really have any bad contracts to dump. Sure they have Mike Reilly, but he can be bought out for 333K. If you believe Forbort is bad, even he could be bought out for 667k.

I was thinking Gryz or Forbort could be part of a package. Neither deal is "bad" but something has to give, and Zboril is on the books next year for reasonable dough.

 

[JoeIsAStud]

I was thinking Gryz or Forbort could be part of a package. Neither deal is "bad" but something has to give, and Zboril is on the books next year for reasonable dough.

I am sure you could trade Gryz in a hockey trade where you receive assets in return.

I think you can do this same with Forbort, but that is closer. He certainly is demonstrating his value again this postseason.

I wouldn't be surprised if either or both is not on the roster. I was just making a comment in response to the idea that you would use Ullmark to dump a bad contract off the team

 

[LouJersey]

Not even going to think about it until after the parade.

 

[Smitty93]

Two words: Carey Price (or Ryan Ellis)

 

[Gee Wally]

@DominicT

Dumb question but on my mind.

Can the Bruins gain any space/flexibility by trading for someone on LTIR that has no chance of playing anymore?

 

[DominicT]

@DominicT

Dumb question but on my mind.

Can the Bruins gain any space/flexibility by trading for someone on LTIR that has no chance of playing anymore?

Yes. But what they look for is very dependent on what happens with Bergeron, Krejci and Foligno.

LTIR cannot be used to cover bonuses. If any of those 3 come back with bonuses next season, ideally you want a contract on LTIR that has bonuses so they can use the performance bonus pool to cover some of those bonuses so they aren't hit with a carry over bonus like this season.

Weber's contract would be ideal with no bonuses though. $7.8 million cap hit with only $1 million in real money each year for 3 more years and 60% covered by insurance. So you're only spending 400k for $7.8 million in cap space. I'm not so sure the Yotes are willing to part with him because they need that $7.8 million to hit the cap floor over the next 2 years.

There are others for Boston but that's the best value option for their money if you're Boston.