The Podium
Registered User
And why did philly trade pronger? His salary was only 475,000. He hadn't played for years. I'm not trying to rain on your parade or anything, but the SOIR exemption doesn't apply to players on LTIR, it's specifically to take care of players who are injured in training camp. Here's a story on the Marc savard trade.
http://www.cbssports.com/nhl/news/bruins-trade-reilly-smith-marc-savards-contract-to-panthers/
Performance bonuses cannot be paid out with LTIR dollars and therefore are transferred as dead cap space the following season.
For example if X team has a player on LTIR and spend to the cap, and player Y had a performance of 1 mill, that 1 mill can't move into LTIR overage and is counted against the cap the following season.
If the player was dealt prior to the season, and now the team is say 1 mill under the cap, the remaining cap can cover the bonuses and there is no overages