Jan 8, 2013, 11:02 AM EDT
More details of the NHL’s new CBA were unearthed on Monday, with a big one — teams gaining the right to retain salary in trades — getting plenty of reaction across the league.
The rule, as according to ESPN’s Pierre LeBrun:
A club cannot absorb more than 50 percent of the players’ annual cap hit/salary in any trade. Any NHL club can only have up to three contracts on their payroll in which the contract was traded away under the retaining salary proviso.
Also, only up to 15 percent of your upper limit cap amount can be used up by the money you have retained in trades.
Take, for example, San Jose Sharks forward Patrick Marleau, who has two years remaining on his four-year, $27.6 million deal — he’s owed $6.9 million in salary annually and carries a $6.9 million cap hit.
Now, say the Sharks want to trade him to Montreal. (NOTE: Marleau has a no movement clause. ANOTHER NOTE: Montreal is mentioned solely for example purposes.)
The new rule would allow San Jose to absorb $3.45 million in both salary and cap hit to facilitate the deal, leaving Montreal to pay the remaining $3.45 million.
Pretty interesting, huh?
The key part is it’ll allow much more flexibility when it comes to flipping players, especially guys with big price tags.
In the case of Marleau (who’s been the subject of trade rumors for a while), one sticking point has always been his contract — he has the NHL’s 23rd-highest cap hit for 2013-14, a hefty chunk of change that potential suitors would have a tough time swallowing.
Chop the incoming cap hit in half, though, and the deal suddenly becomes much easier to stomach.
Jul 31, 2015, 8:00 AM EDT
Friday’s collection of links.
Jul 30, 2015, 10:27 PM EDT
Former NHL stars are among the list of likely candidates.
Jul 30, 2015, 9:00 PM EDT
Has Buffalo set itself up for an era of long playoff runs?
Jul 30, 2015, 7:52 PM EDT
The deal is reportedly worth $5.6 million.
Jul 30, 2015, 7:11 PM EDT
At one point he was listed as the top European skater in the 2015 draft.
Jul 30, 2015, 5:52 PM EDT
The Flyers also have forwards Claude Giroux and Sean Couturier locked up.
Jul 30, 2015, 4:22 PM EDT
The 37-year-old still wants to continue his career.
Jul 30, 2015, 3:00 PM EDT
Along with Yao Ming.
Jul 30, 2015, 2:01 PM EDT
“Nobody benefits from a short-term deal like this, in particular, our hockey department.”
Jul 30, 2015, 1:15 PM EDT
Vancouver wasting little time locking up the target of Tuesday’s trade.
Jul 30, 2015, 12:50 PM EDT
Boston could use some depth on its back end.
Jul 30, 2015, 11:50 AM EDT
Hearing is scheduled for Friday at 9 a.m. ET.
Jul 30, 2015, 10:50 AM EDT
Alleged incident involved a female victim.
Jul 30, 2015, 9:50 AM EDT
As opposed to just his skill.
Jul 30, 2015, 9:00 AM EDT
The former general manager “wasn’t prepared to make the changes that needed to be made.”
Jul 30, 2015, 8:00 AM EDT
Thursday’s collection of links.
Jul 29, 2015, 10:40 PM EDT
He played in 502 games, primarily with the Toronto Maple Leafs.
Jul 29, 2015, 9:12 PM EDT
The 24-year-old gives agreed to an entry-level deal.
Jul 29, 2015, 7:49 PM EDT
Will he live up to his next contract?
Jul 29, 2015, 6:27 PM EDT
“It really wasn’t about Dainius himself.”
- Voracek turns monster season into massive eight-year deal 45
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 24
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 11
- Flyers re-sign Couturier: six years, $26 million 40
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 40
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- NBC Sports to broadcast 105 NHL games in 2015-16 58
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (70)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)
- Voynov serving sentence at jail that once advertised it had flat screen TVs (45)