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 16, 2014, 12:27 AM EDT
It’s been a while.
Mar 15, 2014, 11:55 PM EDT
Mar 15, 2014, 11:10 PM EDT
Stick on the ice.
Mar 15, 2014, 10:38 PM EDT
Tied it up with less than a second left.
Mar 15, 2014, 10:00 PM EDT
Penguins GM, Ray Shero, was on hand as Philadelphia honored to his father.
Mar 15, 2014, 9:35 PM EDT
He didn’t score in that photo. That’s just a good action photo.
Mar 15, 2014, 9:24 PM EDT
Pittsburgh lost to Philadelphia on Saturday.
Mar 15, 2014, 9:00 PM EDT
Two teams at or near the bottom of the Eastern Conference standings.
Mar 15, 2014, 8:12 PM EDT
Having a tough season.
Mar 15, 2014, 7:43 PM EDT
Lots happening to start this game.
Mar 15, 2014, 7:18 PM EDT
Was the team’s captain, and played there from 1996 to 2008.
Mar 15, 2014, 6:31 PM EDT
He was hurt against Los Angeles on Thursday.
Mar 15, 2014, 6:02 PM EDT
He’s been playing center all season.
Mar 15, 2014, 5:30 PM EDT
He had three assists against Vancouver on Friday.
Mar 15, 2014, 5:00 PM EDT
Sunday afternoon, the Vancouver Canucks face the Florida Panthers and that means a reunion with Roberto Luongo. Luongo, who was sent to Florida by Vancouver ahead of the trade deadline, has settled into a comfortable (albeit losing) situation in Sunrise. Meanwhile the Canucks have had a rough go of things lately. Luongo’s former teammates are…
Mar 15, 2014, 4:35 PM EDT
Chicago has slipped to third in the Central Division.
Mar 15, 2014, 4:00 PM EDT
Things aren’t going so well for the former first-overall pick.
Mar 15, 2014, 3:12 PM EDT
Just one of those days for Pittsburgh.
Mar 15, 2014, 2:45 PM EDT
Al Montoya will start in his place.
Mar 15, 2014, 2:24 PM EDT
They’re already without six forwards.
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