Question about Jagr salary...

Discussion in 'Fugu's Business of Hockey Forum' started by Goalie Terrorizer, Aug 12, 2005.

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  1. Goalie Terrorizer

    Goalie Terrorizer Registered User

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    Hi everyone,

    I was on TSN's website when I saw that Jaromir Jagr's salary for this year is 8,42 mil. I don't understand cause the maximum salary that can be allowed to a player is supposed to be 7,8 mil/year (20% of 39 mil). Can anyone explain me that ? Did they made an exception because it is the first year of the new CBA and they decided to honor th 24 % rollback even if it was superior the the maximum salary ?

    Also, I would like to know what will happen if a player signed for 7 mil/year for mutliple years and that the cap falls to let's say 34 mil because of poor league revenues brigning the maximum salary to 6,8 mil (20% of 34 mil) ? Is the salary of the player lowered ?

    Thanks a lot in advance
     
  2. BigE

    BigE Registered User

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    When Jagr was traded to New York, from Washington, part of the agreement stipulated that Washington would pay half of his contract for the remainder of its term. When the new CBA was put together this clause in the trade was honoured.

    Therefore New York is responsible for half of his salary and Washington is responsible for half of his salary; but Jagr is still paid the full amount of his rolled back salary: $8.42 million.
     
  3. LastChancePrice

    LastChancePrice Registered User

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    Poor washington...paying 4 million for a ghost player :biglaugh:
     
  4. JDB3939

    JDB3939 Registered User

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    It will help them hit the cap floor at least.
     
  5. ChrisKreider20

    ChrisKreider20 But y u mad?

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    i'm fairly sure it doesn't count against their cap.
     
  6. nyrmessier011

    nyrmessier011 Registered User

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    grandfathered salary...he already took his 24% pay cut. His contract was introduced before the individual cap of 7.8
     
  7. HockeyCritter

    HockeyCritter Registered User

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    It doesn't ----- and they pay just under 40% of Jagr's salary.
     
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