All of the above.
Cap hit of $4.921M, actual money paid $525K.
PS: And you've got a Hall of Famer on your roster...
Why did the NHL even approve of the trade?
Why wouldn't it?
Shades of the Tim Thomas trade to the Islanders in February 2013.
A) Tim Thomas doesn't work for the NHL even in an advisory capacity. B) Tim Thomas was not on LTIR.
I mean, why would any team trade for a player they know will never play a single game for them?
I'm trying to think of an instance of anyone else trading for someone on LTIR... because for one I thought you couldn't trade someone who was injured.
But I feel like the Leafs did it under Burke didn't they? Take on a contract for an injured goalie for the final year of his contract because they had cap space, and got a pick for doing so?
(A) Why would that be an impediment for a trade?
(B) LTIR only applies during the season.
So both teams could circumvent the salary cap.
Though to be fair the league should have taken care of the savard/pronger situations years ago. But in lieu of that, just letting the teams blatantly disregard the spirit if not the letter of the CBA is pretty stupid.
Yup. And this sets a precedent for all the teams with back-diving contracts - if one of those players wants to retire, just trade them to a cap floor team and they can sit in the press box to ride out the rest of their contract. There's no longer any threat of cap recapture, so those teams get off scot free.
Conflict of interest. Especially since the NHL has been propping up Arizona for a long, long time.
Thomas, though, could have come back before his contract expired and did. The Islanders traded on a risk that Thomas might not play (and he didn't) for them but he was capable of playing. Pronger has all but retired from the NHL. That would be like trading Yashin's contract to the Coyotes.
Why?
The Islanders knew that Thomas would not come back and play for them.
Your Yashin example is very bad, as he was no longer the property of the Islanders once he was bought out.
They are required to reach the cap floor, so in order to circumvent that without actually having to pay, they can add a dummy contract to meet their requirements.
Favoritism. This means that any other contract like Luongo's could be traded for cap circumvention. This sets an uncomfortable precedent for the NHL. Are they pulling favors for those that work for them?
(...)
I'm trying to think of an instance of anyone else trading for someone on LTIR... because for one I thought you couldn't trade someone who was injured.
But I feel like the Leafs did it under Burke didn't they? Take on a contract for an injured goalie for the final year of his contract because they had cap space, and got a pick for doing so?
and of course as I go looking this up, reminded of the the Horton trade this year already.