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Report: Latest proposal would allow teams to go over salary cap this season

Oct 16, 2012, 5:33 PM EDT

Peter Chiarelli AP

If the NHL’s revenue split is eventually altered, addressing the salary cap – specifically teams that would be over a new ceiling – would be one of the big questions.

In the owners’ latest proposal, a team could max out the salary cap up to $70 million in the first season of the new CBA, according to ESPN’s Pierre LeBrun.

There are three teams already pretty close to the $70 million mark for the 2012-13 season, according to Cap Geek’s numbers.

The Boston Bruins ($68.87 million), Minnesota Wild ($68.85 million) and Vancouver Canucks ($67.77 million) are all less than $3 million away from that proposed high-end.

Even so, those teams would probably need to shed salary at some point. Still, it’s interesting to see that the league would give those franchises some breathing room to adapt to whatever the new cap would be.

A few GMs (such as Boston’s Peter Chiarelli, pictured) would probably breathe a sigh of relief.

  1. freneticgarfieldfan - Oct 16, 2012 at 5:41 PM

    I don’t think Chiarelli has sleepless nights. Should the LTIR cap rule not change, he may simply put Savard on LTIR (they pay his salary anyways).

    • soj83 - Oct 16, 2012 at 6:08 PM

      If the cap floor rule is the same, some teams may be wanting to add salary to get to the floor through a trade for Thomas (BOS), Redden (NYR), Gomez (MTL) etc.

      I also wonder how defectors contracts would be treated. If Kovalchuk, Bryzgalov, Ovechkin or others don’t come back, would they count against the cap?

      • hockeydon10 - Oct 16, 2012 at 8:11 PM

        re: players that don’t return

        No, they would be suspended and would not count against the cap. Same thing happened with Radulov when he left for the KHL.

    • hockeyflow33 - Oct 16, 2012 at 6:34 PM

      And Thomas will come off which is like $9m so the B’s are in good shape

      • claysbar - Oct 16, 2012 at 7:22 PM

        Not sure that Thomas would. Unless they agree to retro-remove the 35+ rule. They may not physically have to pay him if he does not play, but the contract would still count against the cap. Again, unless they change the ruling on it.

      • hockeyflow33 - Oct 17, 2012 at 1:57 AM

        No because he goes on the suspended, did not report list and his number isn’t counted against the cap until he comes back

      • hockeyflow33 - Oct 17, 2012 at 1:58 AM

        This is a fact, not sure why you would give it a thumb’s down

      • claysbar - Oct 17, 2012 at 4:08 AM

        Tim Thomas signed a 35+ contract which states, in short, if you signed a player to a contract after the age of 35, regardless of whether the player plays or where (minors, overseas), that team is on the hook for his salary against the cap unless that player is sent to the minors after the first year of the contract, in which they would receive 100k in relief.

        Article 50.2(c)(iv) All Player Salary and Bonuses earned in a League Year by a Player
        who is in the second or later year of a multi-year SPC which was
        signed when the Player was age 35 or older (as of June 30 prior to
        the League Year in which the SPC is to be effective), regardless of
        whether, or where, the Player is playing, except to the extent the
        Player is playing under his SPC in the minor leagues, in which
        case only the Player Salary and Bonuses in excess of $100,000
        shall count towards the calculation of Actual Club Salary.
        Article 50.5(d)(i)(b)(5)All Player Salary and Bonuses earned in a League
        Year by a Player who is in the second or later year
        of a multi-year SPC which was signed when the
        Player was age 35 or older (as of June 30 prior to
        the League Year in which the SPC is to be
        effective), but which Player is not on the Club’s
        Active Roster, Injured Reserve, Injured Non Roster
        or Non Roster, and regardless of whether, or where,
        the Player is playing, except to the extent the Player
        is playing under his SPC in the minor leagues, in
        which case only the Player Salary and Bonuses in
        excess of $100,000 shall count towards the
        calculation of Averaged Club Salary

  2. rsl22 - Oct 16, 2012 at 6:00 PM

    5-year contract limits is going to be a big deal. Players won’t agree to that.

    • hockeyflow33 - Oct 16, 2012 at 6:33 PM

      How many guys actually get contract offers over 5 years though? Off the top of my head I can’t imagine it’s more than 2 or 3 per team.

      • rsl22 - Oct 16, 2012 at 6:40 PM

        I guess I agree that we’re talking about a small number of players, but five years still seems short.

        Based on the 13-year contracts we’ve seen, I’d say 7 years is a bit more reasonable.

      • hockeyflow33 - Oct 17, 2012 at 1:56 AM

        Yea, I agree with you but I just can’t see this being a big deal because of how few players it pertains to but I didn’t think we’d even miss training camp so what do I know?

      • hockeydon10 - Oct 16, 2012 at 8:13 PM

        Good point. Players may push back a little on this, trying for 6 or 7 year max rather than unlimited, in order to get concession on something else.

  3. lordfletcher - Oct 16, 2012 at 6:05 PM

    luckily the Wild have plenty of $$$ coming off the books after this year and rookies started their deals. Whew! that would suck for 2013-14-15-16 ….

    • hockinj25 - Oct 16, 2012 at 7:50 PM

      I didn’t know Parise and Suter only signed 1 year deals.

      • lordfletcher - Oct 17, 2012 at 10:42 AM

        Let’s see. What expires after this year
        2012-2013
        PMB $4 million
        Matt Cullen 3.5 Million
        Backstrom 6 Million

        2013-2014
        Heatley 7.5
        + half of the team so they will have several other contracts signed or moved by now, and or rookies starting.

        The Wild will be in zero cap issues for at least 3/4 years.

        Capgeek.

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