Feb 19, 2011, 1:16 PM EDT
When the Edmonton Oilers told Sheldon Souray not to show up for training camp, the consensus was that they made the hard-shooting yet prohibitively expensive defenseman that much tougher to trade. In the process, they also forced themselves to pay him $4.5 million this season to play for another team’s AHL affiliate after placing him on waivers.
The Oilers are trying to reduce his cost by putting him on re-entry waivers this weekend. Jim Matheson reports that Oilers GM Steve Tambellini said he wouldn’t put Souray on re-entry waivers unless another team said they would scoop him up, leading to speculation that he might be claimed by the Dallas Stars or New York Rangers.
If those two teams or any other club picks up Souray, they will need to pay half of his remaining salary this season (about $500K) along with half of his $4.25 million salary in 2011-12. The toughest part might be the cap hit: both the Oilers and the team that claim him will incur a $2.7 million cap hit for next season and a pro-rated cap hit for the remainder of 2010-11 as part of the re-entry process.
It’s not the ideal scenario for Souray or the Oilers, but at least the team can drop the facade that a talented (if flawed) defenseman really deserves to play in the minors even as the pro team flounders in last place yet again.
The Stars, Rangers or whatever other team(s) might be interested have 48 hours to make a claim, so we’ll keep you updated regarding this situation during the weekend.
- Captain no more: Sharks strip Thornton of ‘C’ 35
- Tank defense: NHL changes up Draft Lottery format 45
- Fanspeak: Clarke voted greatest Flyer in franchise history 32
- Different tune: Moore hasn’t settled with Bertuzzi, says brother 27
- Rangers win Kevin Hayes sweepstakes 25
- Kovalev compares Subban to Leetch, says he isn’t worth the money 50
- Under pressure: Rick Nash 9
- Wang sells Isles to ex-Caps owner Ledecky 41
- Report: MLSE CEO Leiweke to step down (Update: Leiweke denies move) 6
- Report: Bertuzzi-Moore case settled out of court (Update: Bertuzzi’s lawyer confirms) 35