Intangir
Registered User
I'm not a lawyer or CBA specialist of any shape or form, nor do I particularly care about how this move helps the Leafs or not, but if you only get the full benefit of an LTIR contract once you're up against the cap, wouldn't it make sense that the first LTIR contract would count as capspace and thus negate the impact from the second LTIR?
It seems to me that even if you ''activate'' both LTIR contracts at the same time, one of them has to get treated before the other, thus negating the other LTIR's impact. Unless the capspace is granted at the exact time specified in the documents themselves, despite the time differences in the treatment of both demands and the order in which the league receives them, but that doesn't seem intuitive.
Say Mr. B is in charge of the cap-compliance of teams along with his staff. He receives faxes of the documents sent by the Leafs to apply for additional cap space via LTIR in the morning of the first day of the season and he drinks his coffee while looking them over. They arrived at the same time and they're stacked on his desk (or set side-by-side) by the person in charge of the faxes themselves and odd jobs in the office, he selects one, ensures the documents are complete and gets it done after a little while with his team. He then moves on the next, all while spilling another coffee, getting lunch and interacting with his colleagues. Th first one granted the Leafs the ability to overpsend by about 5M$, the second came after that and didn't grant such relief as the Leafs were then compliant
Anyways, I have no horse in this race and I'm simply wondering how it will turn.
EDIT: Looked it up, it isn't cap space generated but ability to overspend if the cap is reached, so it is quite a bit different than what I thought. Good to know.
It seems to me that even if you ''activate'' both LTIR contracts at the same time, one of them has to get treated before the other, thus negating the other LTIR's impact. Unless the capspace is granted at the exact time specified in the documents themselves, despite the time differences in the treatment of both demands and the order in which the league receives them, but that doesn't seem intuitive.
Say Mr. B is in charge of the cap-compliance of teams along with his staff. He receives faxes of the documents sent by the Leafs to apply for additional cap space via LTIR in the morning of the first day of the season and he drinks his coffee while looking them over. They arrived at the same time and they're stacked on his desk (or set side-by-side) by the person in charge of the faxes themselves and odd jobs in the office, he selects one, ensures the documents are complete and gets it done after a little while with his team. He then moves on the next, all while spilling another coffee, getting lunch and interacting with his colleagues. Th first one granted the Leafs the ability to overpsend by about 5M$, the second came after that and didn't grant such relief as the Leafs were then compliant
Anyways, I have no horse in this race and I'm simply wondering how it will turn.
EDIT: Looked it up, it isn't cap space generated but ability to overspend if the cap is reached, so it is quite a bit different than what I thought. Good to know.
Last edited:
