This section will be added to & modified in the next few days.
1) Off-Season Salary Cap
2) RFA Qualifying Offers & Arbitration
3) RFA Offer Sheet Compensation Information
4) Waivers
5) Contract Extensions
6) Sources
1) Off-Season Salary Cap. What are the rules for cap compliance during the off-season?
Teams are allowed to exceed the coming season's salary cap by up to 10% in the off-season (defined as from July 1 until the last day of training camp). This summer the off-season does not start until July 5. Note, starting with the 2013-14 season, there will be a 10% increase starting March 1 for tagging purposes.
Players included in the off-season cap tally include all players signed to one-way contracts; a proportional salary amount from players on two-way contracts based on their days on the NHL roster the previous season; all active QOs & offer sheets; and all buyout amounts (excluding compliance buyouts) and deferred bonuses for the upcoming season. So, for the summer of 2013, contracts that count towards the off-season number include all one way contracts plus the pro-rated contracts for all the Hershey call-ups still under contract.
2) QOs & Arbitration. How are qualifying offers calculated and how does arbitration work?
Qualifying offer amounts depend on the salary in the expiring contract year as follows:
Salary in final year||Qualifying offer
<= $660k||110% of previous salary
$660k - $1M||105% of previous salary
=> $1M||100% of previous salary
Arbitration rights (eligibility for player-elected arbitration) are determined based on the number of pro years and the players age upon signing their first contract.
Age upon signing first SPC||Required years to gain arb. rights
18-20||4 years
21||3 years
22-23||2 years
24+||1 year
It's important to note that the player's age when signing isn't their age when they actually sign the contract but their age on September 15th of the year in which the contract is signed. Pro in this instance means either the NHL or AHL, except for 18-19yo's in the AHL. Based on the CBA's wording, 18-19yo's must be in the NHL (and play 11 or more games) to be considered pro. For more on arbitration consult Article 12 of the CBA.
The arbitration hearing award walk-away point for summer 2013 is $3,500,000.
3) RFA Offer Sheet Compensation Information for 2013 & 2014:
$1,110,249 or below - No Compensation
Over $1,110,249 to $1,682,194 - 3rd round pick
Over $1,682,194 to $3,364,391 - 2nd round pick
Over $3,364,391 to $5,046,585 - 1st round pick, 3rd
Over $5,046,585 to $6,728,781 - 1st round pick, 2nd, 3rd
Over $6,728,781 To $8,410,976 - Two 1st round Picks, 2nd, 3rd
Over $8,410,976 - Four 1st Round Picks
Note, these are the same compensation $/picks as last season and next season. Per 10.4 in the CBA, the next time this will change is after the 2014-15 season. It is "based on the average annual value of the compensation contained in the Principal Terms (as defined in Section 10.3(e) hereof) of the New Club's Offer Sheet (determined by dividing such compensation by the lesser of the number of years of the Offer Sheet or five)"
4) Waiver News
Re-entry waivers NO longer exist; waivers are 24 hours noon to noon 7 days a week.
The thresholds for
skaters are as follows:
Age|Years From Signing|NHL Games Played
18|5|160
19|4|160
20|3|160
21|3|80
22|3|70
23|3|60
24|2|60
25+|1|-
For Goalies
18|6|80
19|5|80
20|4|80
21|4|60
22|4|60
23|3|60
24|2|60
25+|1|-
5) Contract Extensions - Negotiating new contracts with players in organization
Players on the last year of a multi-year deal and players in last year of an ELC can enter into contract extensions starting July 5, 2013.
Players on one year contracts for the 2013-14 season can not have an official contract extension entered into before January 1, 2014.
$550,000 is the minimum salary for the 2013-14 & 2014-15 seasons.
Change with NTCs and NMCs when signing an extension. If a contract extension for a player includes an NTC or NMC, the team and player can agree for the clause to be effective immediately or at a specific time before the new contract takes effect IF the player qualifies for an NTC or NMC at that time, i.e., the player is playing what would be considered an UFA season. see 11.8(b) As an example, as we understand the rule, this would not have changed anything for Jeff Carter when he signed his extension with the Flyers and then was traded to LAK, because he was not playing an UFA season.
6) Sources:
- Langway and Sk84fun_dc's number crunching and CBA jujitsu.
(We're human, though, so take this as just a good faith effort at getting into the nitty gritty of contracts in the cap world. We'll keep adding and correcting information as it becomes available.)
Some additional sources/references:
-
CapGeek for cap & buyout calculators
- The 2013 CBA is available via the NHL and the NHLPA sites!
- See Exhibit 16 for the transition rules, including waiver GP rules as impacted for lockout shortened season
