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 6, 2015, 8:48 PM EDT
Connor McDavid’s running mate in Erie was the OHL’s leading scorer last season.
Jul 6, 2015, 7:25 PM EDT
Quebec City and Las Vegas have already expressed interest.
Jul 6, 2015, 6:08 PM EDT
Russian forward is coming off a solid rookie campaign.
Jul 6, 2015, 5:48 PM EDT
It’s now a crowded crease in Edmonton.
Jul 6, 2015, 5:26 PM EDT
For the third straight year.
Jul 6, 2015, 4:29 PM EDT
That’s him in the blue shirt, standing next to ex-NHL goalie Dan Cloutier… who is 6’1.
Jul 6, 2015, 3:13 PM EDT
Spent last year with Colorado’s AHL affiliate.
Jul 6, 2015, 2:37 PM EDT
Click for all the cap hits.
Jul 6, 2015, 2:17 PM EDT
His Kelowna Rockets went to the 2015 Memorial Cup.
Jul 6, 2015, 12:55 PM EDT
“You basically say, ‘I have no idea what’s going on, but it’s a great place to play and we have great fans and a great stadium.'”
Jul 6, 2015, 12:02 PM EDT
Played 59 games for the Sabres last season.
Jul 6, 2015, 11:23 AM EDT
“He gets to come in and have a heck of a year and put the screws to us.”
Jul 6, 2015, 10:52 AM EDT
They have the arena, but not the potential owner.
Jul 6, 2015, 10:12 AM EDT
Finished with a career-high 18 goals last season in Vancouver.
Jul 6, 2015, 9:58 AM EDT
Can become an unrestricted free agent next summer.
Jul 6, 2015, 9:00 AM EDT
The 23-year-old could be in line for a significant raise.
Jul 6, 2015, 8:00 AM EDT
Monday’s collection of links.
Jul 5, 2015, 10:00 PM EDT
He struggled in his first year pro split between the AHL and ECHL.
Jul 5, 2015, 8:06 PM EDT
He was bought out by Carolina last week.
Jul 5, 2015, 7:00 PM EDT
He’ll make $650,000 at the NHL level and $250,000 in the AHL.
- Bruins sign three — Hayes, Connolly, and DeFazio 10
- Babcock expects Kadri to be ‘an elite player’ 14
- No expansion bid expected from Kansas City 29
- Leafs sign Matthias — one year, $2.3 million 17
- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 12
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 13
- Report: Plotnikov paid $500K to get out of KHL contract 14
- Philadelphia signs ’15 first rounder Provorov 12
- Brandon Saad brings championship experience to Blue Jackets 22
- Sharks sign Joel Ward to three-year deal 25