Salary Cap: Contracts and Salary Cap (Contract Info in Posts #1 & #2)

[Samuel Culper III]

I think we have to buy him out before the '14-'15 season. Keep the core together. Stepan will be able to play his role. Miller will be at least a third line center. Maybe a second, but unlikely. We can sign a good second line center or make a move for one, but it would be unwise to continue to carry Richards knowing his contract will count on the books if he retires now.

 

[azrok22]

So what are we to do with Brad Richards?

Do you guys really think he will play out to his full contract ?
-Richards will be 40 years old by the end of the 2019-20 season, which is the final year of his contract. He won't be worth a $6.66 million cap hit at that age, or in the few years before that.

Richards is 32 years old and his offensive production has dropped by at least 10 points in each of the last two seasons.

Team Year GP G A PTS
Stars 2009-10 80 24 67 91
Stars 2010-11 72 28 49 77
Ranger2011-12 82 25 41 66

Would you use the other buy-out at the end of the 2013-2014 season ?


CAP ADVANTAGE RECAPTURE
Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.
Following retirement/defection, the “advantage” will be “recaptured” and charged against the club’s cap in equal amounts each year until the contract expires. This penalty applies to any team that received a cap advantage from the contract — ie. a traded contract — except in the event that the trade occurred prior to the new CBA coming into place in January 2013.

You play the next two seasons and revisit this in 2 years during the final compliance buyout period when you actually know what kind of shape he is in. Way too premature to even be contemplating a buyout now; we should be focusing on competing during the next two seasons.

 

[Samuel Culper III]

They signed him to a retirement contract. It's technically a 9 year deal, but it's really a 6 year deal. Each of the last 3 years he gets paid $1 million. He either retires after 6, or they buy him out if they feel it is necessary.

It doesn't work like that anymore. If he retires we still have a cap hit.

 

[Tawnos]

They signed him to a retirement contract. It's technically a 9 year deal, but it's really a 6 year deal. Each of the last 3 years he gets paid $1 million. He either retires after 6, or they buy him out if they feel it is necessary.

If he retires after year 6, the Rangers will be charged $5.667m per year in dead cap space.

 

[ecemleafs]

i dont see richards seriously regressing as he ages. hes a player that relies on intelligence more than skills and athleticism.

 

[RangerBoy]

Amnesty in the MOU

During the Ordinary Course “Buy-Out” periods following the 2012/13 season and 2013/14 season,
in addition to any other Ordinary Course “Buy-Outs” a Club may elect to effectuate pursuant to
Paragraph 13 of the SPC, Clubs may elect to terminate and “buy-out” the already existing SPCs of
up to two (2) additional Players (in the aggregate over the two (2) years) on a Compliance basis (a
“Compliance Buy-Out”). Such Compliance Buy-Out(s) would be effectuated on the same terms as
are set forth in Paragraph 13 of the SPC, except that the amounts paid under such “buy-out(s)” will
not be charged against the Club’s Cap in any of the years in which the payments are made to the
Player. Amounts paid under such Compliance Buy-Out(s) will, however, be counted against the
Players’ Share during any League Year in which the “buy-out” payments are made. A Player that
has been bought out under these Compliance Buy-Out provisions shall be prohibited from re-joining
the Club that bought him out (via re-signing, Assignment, Waiver claim or otherwise) for the duration of the 2013/14 League Year (if the Player was bought out in 2013) and the 2014/15 League Year (if the Player was bought out in 2014).

Already existing SPCs.

Retained salary

11. Retained Salary
Transactions
In each Retained Salary Transaction, the percentage allocation
of the retained AA and retained Salary and Bonuses must be the same (i.e., the Salary and Bonus
obligations as between Clubs would be allocated on the same percentage basis as the AA being
allocated) and cannot be altered from year to year. So, for instance, if an assigning Club agrees to
retain 30% of an SPC’s AA over the balance of its term, it will also retain an obligation to reimburse
the acquiring Club 30% of the Player’s contractual compensation (Salary and Bonuses) in each of
the remaining years of the contract

So the Rangers can't retain $ in a Redden deal for 13 and then not retain the same % in 13-14.

 

[broadwayblue]

Since MDZ is signed and we now know what kind of cap space Sather is working with, I was looking at defensemen who are set to become UFA this coming offseason. Rangers absolutely need a reliable, veteran d-man to round out the group.

Here are some potential targets. This is of course assuming the Rangers are in the playoff picture and the trading team is out of the playoff picture by the trade deadline:

Lydman (ANA) - $3 million
Leopold (BUF) - $3 million
Aucoin (CLB) - $2.25 million
Sutton (EDM) - $1.75 million
Fistric (DAL) - $1.475 million
Hannan (NAS) - $1 million

Slim pickings but don't see Sather obtaining a contract which carries any salary over to next year unless he makes some kind of big deal while getting rid of an established forward.

This would be a non-issue if Sauer was healthy. Ugh.

I don't necessarily agree with this. Sather isn't worried about adding a salary for next year if it's the right fit. He can always move some spare parts to free up a couple million if need be. I think people are a bit too focused on the cap.

 

[Kershaw]

Absolutely save up a buyout during the 2014 offseason for Richards. It's a no-brainer for me.

 

[HatTrick Swayze]

i dont see richards seriously regressing as he ages. hes a player that relies on intelligence more than skills and athleticism.

This. I mean, never say never, but I'd be extremely surprised if he was bought out. The odds of Stepan being able to fill his role + the Rangers being able to find a suitable second line replacement are very slim IMO. Centers are the hardest position to find.

 

[BBKers]

Since MDZ is signed and we now know what kind of cap space Sather is working with, I was looking at defensemen who are set to become UFA this coming offseason. Rangers absolutely need a reliable, veteran d-man to round out the group.

Here are some potential targets. This is of course assuming the Rangers are in the playoff picture and the trading team is out of the playoff picture by the trade deadline:

Lydman (ANA) - $3 million
Leopold (BUF) - $3 million
Aucoin (CLB) - $2.25 million
Sutton (EDM) - $1.75 million
Fistric (DAL) - $1.475 million
Hannan (NAS) - $1 million

Slim pickings but don't see Sather obtaining a contract which carries any salary over to next year unless he makes some kind of big deal while getting rid of an established forward.

This would be a non-issue if Sauer was healthy. Ugh.

Might want to add these names on D:

• Robyn Regehr, Buffalo
• Ron Hainsey, Winnipeg
• Douglas Murray, San Jose
• Michal Rozsival, Chicago

 

[BBKers]

Amnesty in the MOU

Already existing SPCs.

Retained salary

So the Rangers can't retain $ in a Redden deal for 13 and then not retain the same % in 13-14.

Bubble wrap in a rubber room it is...

 

[NYR2007]

i dont see richards seriously regressing as he ages. hes a player that relies on intelligence more than skills and athleticism.

he has scored 10 points less each of his last three seasons

I'll repost his stats.

Again this isn't looking at the player today, he is in his "prime". But in two seasons is the question.

Of course no one can predict but its fun to discuss till at least saturday

Team Year GP G A PTS
Stars 2009-10 80 24 67 91
Stars 2010-11 72 28 49 77
Rangers11-12 82 25 41 66

 

[The Gloaming]

he has scored 10 points less each of his last three seasons

I'll repost his stats.

Again this isn't looking at the player today, he is in his "prime". But in two seasons is the question.

Of course no one can predict but its fun to discuss till at least saturday

Team Year GP G A PTS
Stars 2009-10 80 24 67 91
Stars 2010-11 72 28 49 77
Rangers11-12 82 25 41 66

Really funny you post those, considering that he was PPG 2 out of his last 3 seasons.

And he was getting acclimated to a new team, new team mates, and a new system in the other year.

 

[TC82]

he has scored 10 points less each of his last three seasons

I'll repost his stats.

Again this isn't looking at the player today, he is in his "prime". But in two seasons is the question.

Of course no one can predict but its fun to discuss till at least saturday

Team Year GP G A PTS
Stars 2009-10 80 24 67 91
Stars 2010-11 72 28 49 77
Rangers11-12 82 25 41 66

Let's also not forget that Richards was on pace for 55 points for a long time last year before picking up the pace and having a nice playoffs. I don't see his points going up much in Torts' system anyway.

Don't think I'm some Malkin freak, but if he's still unsigned (to an extension) at this time next year, does Glen really start to think about buying out Richards in the summer of '14 in the hope of landing Malkin as UFA? It would be tempting to have Malkin & Nash on the first line.

 

[Boruto]

Really funny you post those, considering that he was PPG 2 out of his last 3 seasons.

And he was getting acclimated to a new team, new team mates, and a new system in the other year.

Not to mention a more defensive system with new lines mates who didn't jel with him as well as expected at first. He was easily our most productive forward during the ENTIRE season.

 

[Samuel Culper III]

It's a relevant thing to mention about Richards' stats. Dallas was not particularly more offensive than us, though they were a bit. He was great last year, but I don't think he'll keep it up for more than 2-3 more years. I don't see him regressing DRAMATICALLY, but in two years he may very well be a 55 point player. Not worth the contract and the problems it will cause.

And in a completely different realm of fantasy... yes, if Malkin ever comes near UFA, I would throw the kitchen sink, the bathroom sink, the sink in the basement near the washing machine, the sink from the guest bedroom and some of the other plumbing in the house at him.

 

[Tawnos]

Really funny you post those, considering that he was PPG 2 out of his last 3 seasons.

And he was getting acclimated to a new team, new team mates, and a new system in the other year.

He had a nearly identical season to his first full one in Dallas. 0.85 PPG in 08-09. 0.80 in his first season with us. It might be just coincidence, but at least there is precedence for this.

 

[The Gloaming]

It's a relevant thing to mention about Richards' stats. Dallas was not particularly more offensive than us, though they were a bit. He was great last year, but I don't think he'll keep it up for more than 2-3 more years. I don't see him regressing DRAMATICALLY, but in two years he may very well be a 55 point player. Not worth the contract and the problems it will cause.

And in a completely different realm of fantasy... yes, if Malkin ever comes near UFA, I would throw the kitchen sink, the bathroom sink, the sink in the basement near the washing machine, the sink from the guest bedroom and some of the other plumbing in the house at him.

I'll throw the fridge and the washing machine at him too. But he'll probably stay in Pittsburgh. He likes it there, even though he's their 2nd line center.

 

[RangerBoy]

What needs to happen here is common sense. I’m hoping the NHL and NHLPA come to some sort of side agreement that deals specifically with Gomez and Redden that allow each player to continue their NHL careers but still allow the Habs and Rangers to get out of their cap issue with both players next season. We shall see what comes out of this.

The Rangers, by the way, have worked hand in hand with Redden’s camp (agent Don Meehan) to try and solve this for weeks. So there’s no bad blood there at all. Just two sides trying to find a good and fair solution.

http://espn.go.com/blog/nhl/post/_/...t-rush-luongo-trade-gomez-redden-left-to-wait

Seriously though...Rangers explored various options with Redden's agent Don Meehan, does not appear mutually beneficial alternative exists.

https://twitter.com/NYP_Brooksie/status/290979764129374208

Reached via email, Meehan told ESPNNewYork.com that they are "working on the situation" and that he hoped to have more clarity by Tuesday.

http://espn.go.com/new-york/nhl/story/_/id/8844716/new-york-rangers-hope-buy-wade-redden-sources-say

Will the NHL and PA allow Redden to be bought out before the season? They would need to come up with one time exception. The Rangers can execute the compliance buyout. Redden is off the cap next season. Redden get his remaining money over 4 years. The Rangers still take the $5.6M cap hit in 2013. The NHL didn't want the amnesty buyouts this season because the cap is $70.2M.

 

[RMcDonagh]

Richards isn't going to be a scoring dynamo in his tenure here, even with Gaborik or Nash or (gulp) both on his wing(s). But, he will be good to put up a solid amount of points, be top 3 on the team, and be our top center while providing leadership and various other things.

I don't see him being worth it - say 3 years down the line, however. That contract is going to need to be dealt with.

 

[broadwayblue]

Richards isn't going to be a scoring dynamo in his tenure here, even with Gaborik or Nash or (gulp) both on his wing(s). But, he will be good to put up a solid amount of points, be top 3 on the team, and be our top center while providing leadership and various other things.

I don't see him being worth it - say 3 years down the line, however. That contract is going to need to be dealt with.

Well considering the new CBA is at least 8 years long...and apparently we're on the hook for his entire contract (if he's still on the team after June of 2014) it looks like it's going to either be dealt with next summer or not at all...unless someone is foolish enough to trade for him down the road (unlikely.)

 

[Fitzy]

Maybe I have low expectations but I thought Richards made a huge impact for us last year, despite having lower numbers than in Dallas. I can't imagine what a 90 point Richards would do for us.

 

[darko]

Maybe I have low expectations but I thought Richards made a huge impact for us last year, despite having lower numbers than in Dallas. I can't imagine what a 90 point Richards would do for us.

He was the biggest reason why we were #1 seed compared to #8 seed 2 years ago.

Yet people want to buy him out in couple seasons. There's more to it than points totals.

 

[Hockey Team]

Absolutely save up a buyout during the 2014 offseason for Richards. It's a no-brainer for me.

This is a joke right?

Unless richards seriously regresses this season and next, he's not getting bought out after the 3rd year of his contract.

Buying him out in the 2014 offseason means he essentially gets paid 51 million for 3 seasons and we lose our 1C who's going to be 34 and still a great player

 

[TC82]

This is a joke right?

Unless richards seriously regresses this season and next, he's not getting bought out after the 3rd year of his contract.

Buying him out in the 2014 offseason means he essentially gets paid 51 million for 3 seasons and we lose our 1C who's going to be 34 and still a great player

That's why I said I can only see this scenario coming to fruition if Malkin is a UFA. Is there a deadline to when a player has to be bought out via a compliance buyout? Malkin could be signed on July 2nd and Richards bought out 2 hrs later?