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.
Mar 30, 2015, 3:56 PM EDT
Could be helpful in attracting and retaining free agents.
Mar 30, 2015, 3:46 PM EDT
The drive began by focusing on individuals for season ticket packages.
Mar 30, 2015, 3:06 PM EDT
“I think it’s going to come right down to the morning skate.”
Mar 30, 2015, 2:15 PM EDT
News and notes from around the crease…
Mar 30, 2015, 1:59 PM EDT
Flyers d-man has a lower-body injury.
Mar 30, 2015, 1:58 PM EDT
“A win tonight would be good for our team, both physically and mentally.”
Mar 30, 2015, 1:42 PM EDT
Tough journey through St. Louis, Nashville, Chicago and Winnipeg.
Mar 30, 2015, 1:24 PM EDT
Incident occurred prior to a promotion game in the Swedish league.
Mar 30, 2015, 12:59 PM EDT
And so the dance begins…
Mar 30, 2015, 12:50 PM EDT
Alex Steen is out, however.
Mar 30, 2015, 12:15 PM EDT
Has the Wild’s savior goalie done enough to make him a Vezina Trophy finalist?
Mar 30, 2015, 11:37 AM EDT
Joins Braydon Coburn and Andrej Sustr on the shelf.
Mar 30, 2015, 11:23 AM EDT
Bruins in a much better spot after a successful weekend. (Not so for the Sens.)
Mar 30, 2015, 10:59 AM EDT
Vermont goalie Brody Hoffman and Minnesota State blueliner Zach Palmquist come aboard.
Mar 30, 2015, 9:57 AM EDT
Tampa Bay is chasing Montreal in the race for the Atlantic Division title.
Mar 30, 2015, 9:16 AM EDT
John Gibson stood tall versus New Jersey on Sunday.
Mar 30, 2015, 8:33 AM EDT
Both have plenty they still want to accomplish in their final regular season games.
Mar 30, 2015, 7:45 AM EDT
Monday’s collection of links.
Mar 30, 2015, 12:01 AM EDT
Perron and Crosby scored in the shootout for the win.
Mar 29, 2015, 11:15 PM EDT
Chicago moves into third in the Central Division.
- Tough times in Tampa: Garrison out 3-4 weeks after ‘pretty dirty’ Abdelkader hit 11
- Playoff watch — what the bubble teams need to do 25
- NHL on NBCSN: Stakes high for Kings, ‘Hawks tonight 21
- Blackhawks’ Sharp: ‘We knew we had to get two points’ 12
- Video: Brian Engblom takes a puck to the head 13
- Flames jump back into third in Pacific, beat Preds 6
- Letang concussed, Penguins will dress five defensemen 18
- NHL on NBCSN: Sharks desperate for wins, Penguins seek definitive end to slump 7
- Video: Bolts lose Garrison, Paquette in loss to Wings 4
- Bruins ruin Lundqvist’s return 28