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.
Apr 26, 2015, 6:58 PM EDT
They got a big task ahead of them.
Apr 26, 2015, 6:20 PM EDT
Habs and Wild look to advance with Game 6 wins.
Apr 26, 2015, 6:18 PM EDT
Minnesota’s earned the right to challenge Chicago again.
Apr 26, 2015, 5:45 PM EDT
He’ll undergo further testing in the not too distant future.
Apr 26, 2015, 4:58 PM EDT
Brian Elliott is on in relief.
Apr 26, 2015, 4:15 PM EDT
That’s one Allen has to have.
Apr 26, 2015, 3:45 PM EDT
He suffered two concussions this season.
Apr 26, 2015, 2:00 PM EDT
The newly appointed Edmonton executive is already busy in his new role.
Apr 26, 2015, 1:15 PM EDT
Eric Fehr would be ready for the second round.
Apr 26, 2015, 12:30 PM EDT
Philly fired Craig Berube on April 17.
Apr 26, 2015, 12:00 PM EDT
He last played at the 2006 tournament.
Apr 26, 2015, 11:30 AM EDT
He didn’t play the second half of Friday night’s win.
Apr 26, 2015, 11:15 AM EDT
Chorney and Dumoulin could also head back to Wilkes-Barre for their playoff run.
Apr 26, 2015, 10:30 AM EDT
He’s been a healthy scratch for three games.
Apr 26, 2015, 9:45 AM EDT
Blues and Sens need wins to force Game 7
Apr 26, 2015, 12:07 AM EDT
Another big rally at the Saddledome.
Apr 25, 2015, 11:03 PM EDT
A six-game series that felt like (at least) seven.
Apr 25, 2015, 10:31 PM EDT
Wild stuff at the Saddledome tonight.
Apr 25, 2015, 9:59 PM EDT
Vancouver looking to avoid elimination for the second straight game.
Apr 25, 2015, 9:55 PM EDT
Zero goals in five playoff games.
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