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 NHL » 2024-2025 salary cap $88Mill
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 Re: 2024-2025 salary cap $88Mill [message #836086 is a reply to message #836079 ]
Tue, 11 June 2024 17:28 Go to previous messageGo to previous message
Skookum Jim  is currently offline Skookum Jim
Messages: 4348
Registered: March 2006
Location: Burnaby, BC

4 Cups

Adam wrote on Tue, 11 June 2024 15:04

The new GM's job won't be an easy one. With Draisaitl and Bouchard in their last year, we need to find a way to both be competitive next year AND to have enough room to hopefully sign those guys.

Also - build better depth, a better blueline and a backup plan on goaltender. It's a demanding role.

I think that means finding some way out of Campbell's deal (I still think he has a career ending injury in him), dealing Kane for whatever you can get for him, dealing Ceci for whatever you can get for him and checking to see if there's a party who can take Nurse without leaving us with an ungodly amount of his salary.

Question - can you deal a guy to a team and then have them immediately trade him back to you to offload some of his salary? I know someone did trade someone to a team to have him bought out so they could re-sign him cheaper previously...

We're going to need to have someone in charge who's able to find all the ways to skirt the edges here over the next couple of years. We have a cap crunch coming, so we just can't afford a bunch of brutal contracts for third pairing defencemen and depth players. The team is going to have to find more creative ways of attracting talent than just throwing money at free agents.



Maybe Campbell "retires" to start a yoga retreat.. 🙂 🤞🏻

RE: Trading.. then re-acquiring a player.. have to wait a year per CBA..

However.. one loop-hole I see is.. if you trade a player away.. then the player violated the terms of the contract (SPC).. that team Terminates the contract.. you can then re-sign the player within a year.. but.. the cause for termination of contract would have to be pretty substantial.

Another loop-hole could be to trade away the player.. the player "retires" .. contract terminates.. then the player "un-retires" and re-signs with original club within that year.. would probably only happen once though before the loophole was closed.. or.. the Oilers do try it first .. and the NHL doesn't approve the contract because it "violates the original intent of the salary cap" .. because Oilers, and not Vegas, ingenuity.. :) .. could also be another complete CBA section on retirement I'm not aware of that prohibits this.. might be you can't un-retire before a year.

Quote:

From the CBA:

(C) Under no circumstances may a Club:

(3) Reacquire within one (1) calendar year from the date of that Retained Salary Transaction an SPC (Standard Player Contract) the Averaged Amount and Player Salary and Bonuses of which that Club agreed to retain as part of a Retained Salary Transaction;

Illustration: If Club A Trades a Player to Club B and retains 30% of the Averaged Amount of such Player's SPC in a Retained Salary Transaction, Club A cannot reacquire such Player's SPC within one (1) calendar year from the date of the Trade. However, if such Player's Retained 273 ARTICLE 50 50.5-50.5 Salary SPC expires or is otherwise terminated prior to one (1) calendar year from the date of the Trade such that it no longer exists, Club A may reacquire the Player since the Retained Salary SPC no longer exists.

or

(4) Reacquire as part of a Retained Salary Transaction the SPC of a Player who was on that Club's Reserve List within the past calendar year;

Illustration: If Club A Trades the SPC of a Player to Club B (the "Initial Trade"), Club B cannot subsequently Trade an SPC of such Player back to Club A within one (1) calendar year from the date of the Initial Trade and retain a portion of the Averaged Amount of that SPC pursuant to a Retained Salary Transaction. However, Club B may Trade an SPC of the Player back to Club A within one (1) calendar year from the date of the Initial Trade if Club B does not retain any portion of such Player's SPC.


* SPC means Standard Player Contract
* Reserve List is all the players a team has rights to (including players under contract and unsigned draft picks).


[Updated on: Tue, 11 June 2024 18:13]


McDAVID! Oh YEAH Baby!!
Tic-Tac-Tao!
Keep on Rockin' in the Free World
P. Chiarelli math.. T. Hall = A. Larsson, Yak= bag o'pucks (OK he got one right...) K. Russell = $4.1 M+NMC, G. Reinhart= M. Barzal + A. Beauvillier, J. Eberle = R. Spooner,

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Read Message 2024-2025 salary cap $88Mill
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