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.
Aug 27, 2014, 8:00 AM EDT
They have made it to the playoffs for 23 straight seasons.
Aug 26, 2014, 10:51 PM EDT
He’s the former face of the franchise.
Aug 26, 2014, 9:57 PM EDT
A recent report has added new fuel to the speculation on that subject.
Aug 26, 2014, 8:30 PM EDT
Dupuis and Hornqvist are two of the main options.
Aug 26, 2014, 7:23 PM EDT
Will they go another season without one?
Aug 26, 2014, 6:11 PM EDT
He’s going into the final season of his bridge contract.
Aug 26, 2014, 5:05 PM EDT
He’s looking to build off of his breakout campaign.
Aug 26, 2014, 3:56 PM EDT
The restricted free agent is likely to get a one or two-year deal.
Aug 26, 2014, 2:49 PM EDT
Injuries prevented him from doing much in the first season of his seven-year, $37.1 million deal.
Aug 26, 2014, 1:44 PM EDT
He could follow in Boone Jenner’s footsteps.
Aug 26, 2014, 12:38 PM EDT
“I have to do a little bit better job managing him and he’s got to buy into the team.”
Aug 26, 2014, 12:10 PM EDT
But per Bertuzzi’s lawyer, the settlement has been agreed upon.
Aug 26, 2014, 11:44 AM EDT
Will he be signed by training camp?
Aug 26, 2014, 10:54 AM EDT
Player agent has a bit of history with his clients missing camp.
Aug 26, 2014, 10:02 AM EDT
Can they live up to the heightened expectations?
Aug 26, 2014, 9:00 AM EDT
Rutherford thinks highly of the goaltender though.
Aug 26, 2014, 8:00 AM EDT
They earned their first playoff win in 2014.
Aug 25, 2014, 10:57 PM EDT
He doesn’t want to move his family at this time.
Aug 25, 2014, 9:46 PM EDT
But will there be resistance within the organization?
Aug 25, 2014, 8:41 PM EDT
It’s heavily inspired by the Blues’ look from 1998-2007.
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