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.
Sep 16, 2014, 12:45 AM EDT
“It’s turned the corner for the better as far as rehab has gone.”
Sep 15, 2014, 11:45 PM EDT
It’s tremendous even if it was in a prospects game.
Sep 15, 2014, 11:12 PM EDT
Frank Corrado gets ejected for that check.
Sep 15, 2014, 9:49 PM EDT
The team says he has “full movement” following a boarding hit.
Sep 15, 2014, 9:05 PM EDT
Some optimism about how his knee is feeling.
Sep 15, 2014, 8:01 PM EDT
Sep 15, 2014, 8:00 PM EDT
More training camp invites.
Sep 15, 2014, 7:00 PM EDT
He’s reportedly talking to several teams.
Sep 15, 2014, 5:30 PM EDT
“I still think something will get done before camp.”
Sep 15, 2014, 4:10 PM EDT
Potentially adding some depth.
Sep 15, 2014, 2:52 PM EDT
Former Kings, Flames netminder lands in an interesting spot.
Sep 15, 2014, 1:37 PM EDT
Veteran guy, but not the righty Mike Babcock was looking for…
Sep 15, 2014, 1:04 PM EDT
Because it hasn’t yet decided if it will.
Sep 15, 2014, 12:25 PM EDT
Also includes a similar series dedicated to the Sharks-Kings outdoor game.
Sep 15, 2014, 11:44 AM EDT
That’s businessman and former Harvard hockey player, Phil Falcone.
Sep 15, 2014, 10:51 AM EDT
Medvescak Zagreb, which now has a boatload of ex-NHLers.
Sep 15, 2014, 10:33 AM EDT
The Wild want the flexibility of a two-way deal, however.
Sep 15, 2014, 10:09 AM EDT
P.K. Subban, Andrei Markov, Tomas Plekanec and Max Pacioretty will all serve as alternates.
Sep 15, 2014, 10:01 AM EDT
If you think he might blame coach Dallas Eakins for Edmonton’s struggles in 2013-14, think again.
Sep 15, 2014, 9:49 AM EDT
Should be an interesting next few days in New Jersey.
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- Report: NHL, Epix network to partner on Winter Classic reality series 16
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 44
- Devils post-Martin Brodeur era about to truly start 9
- Report: Rangers expected to announce captain on Thursday 12
- Snider: Flyers not hiding behind ‘horrible mistake’ of signing Bryzgalov 21
- P.K. Subban: ‘I’m not trying to change the game of hockey’ 24
- Demand for Canucks tickets plummeting according to broker 39