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.
May 25, 2015, 6:30 PM EDT
The series is tied at 2-2.
May 25, 2015, 5:43 PM EDT
There’s going to be a fight for the No. 1 gig in Detroit.
May 25, 2015, 4:41 PM EDT
Reports out of Swift Current, Saskatchewan.
May 25, 2015, 4:32 PM EDT
May 25, 2015, 3:58 PM EDT
They’re expected to speak again before July 1.
May 25, 2015, 3:31 PM EDT
“One bounce here or there, it’s a different story.”
May 25, 2015, 2:10 PM EDT
Made his NHL debut last season, appearing in 16 games.
May 25, 2015, 2:05 PM EDT
He’s eligible to sign an extension this summer.
May 25, 2015, 12:54 PM EDT
“Everyone involved with the ZSC Lions is so excited about seeing him play in Zurich.”
May 25, 2015, 12:44 PM EDT
This won’t quell the Kevin Bieksa trade speculation.
May 25, 2015, 12:31 PM EDT
“A bigger guy, playing a power forward role.”
May 25, 2015, 11:44 AM EDT
Featuring a whole lot of Dan Bylsma.
May 25, 2015, 11:26 AM EDT
Have the Bolts learned their lesson?
May 25, 2015, 10:05 AM EDT
He played just eight shifts in Sunday’s win.
May 25, 2015, 9:15 AM EDT
Wagner or Fleischman could draw in tonight.
May 25, 2015, 8:15 AM EDT
Monday’s collection of links.
May 25, 2015, 12:00 AM EDT
Two sides to the coin in a shutout.
May 24, 2015, 10:33 PM EDT
Bolts take a 3-2 series to Tampa Bay.
May 24, 2015, 9:36 PM EDT
The Lightning are 7-0 when scoring the first goal in the playoffs.
May 24, 2015, 9:17 PM EDT
Degree of difficulty: high.
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