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

[RangerBoy]

Ah, I counted games and not days. You are, of course, right here. Makes it even more likely he might just walk away. Imagine that. We buyout Richards & Gaborik next year (after winning our Cup) and sign Getzlaf & Perry in the offseason for same $$$ instead.
THAT would be something, not gonna happen though...

I was watching Sportsnet last night. Doug MacLean said he heard Getzlaf was close to signing a 7 year extension with Anaheim before the lockout. $6.2M per. $43.4M. It could happen when the CBA is ratified and the lockout is lifted. Anaheim may have been hoping for the 5 year contract limits so they wouldn't give Getzlaf 7. The new CBA allows Getzlaf to get 8 years.

 

[RangerBoy]

Its the same 104 day season from 1995. It starts and ends 1 day earlier. From: @stevezipay
Sent: Jan 9, 2013 9:56a

RT @sladurantaye: Broadcasts executives have been told the last day of NHL regular season May 2, last day of the NHL playoffs will be June 25.

sent via Twitter for iPhone
On Twitter: http://twitter.com/stevezipay/status/289022891918495745

 

[RangerBoy]

From: @GenePrincipe
Sent: Jan 9, 2013 10:24a

@JSportsnetNHL Regular Season to start Jan 19, ends April 27. SC Playoffs start May 1, could go as long as June 28. #notjuly

sent via Twitter for BlackBerry®
On Twitter: http://twitter.com/GenePrincipe/status/289029873698217984

 

[RangerBoy]

98 day season. Redden is owed $2,634,409 this season. $5.97M with the amnesty buyout.

 

[Trxjw]

Wonder if they'll push back the start of free agency and/or the draft as well.

 

[Hire Sather]

They have said free agency will be pushed back

 

[Leetch3]

draft is scheduled for june 28-29...with a possible game 7 on june 28th that will have to be pushed back.

 

[RangerBoy]

Which bring us to Door No. 3.

The only other option for the Rangers is to take Redden's cap hit this season but not play him. Not in New York. Not in the AHL. Not anywhere.

Put him in bubble wrap, cold storage and call it a year. Make sure his cheques show up on time and wait for the compliance buyout period this summer and cut all ties.

The Rangers are still reviewing the new CBA but sometime before training camps open on Sunday they'll have to come to terms with what's behind one of the three doors.

It would seem obvious which one they'll choose.

http://www.tsn.ca/blogs/bob_mckenzie/?id=413185

Door #3

 

[Kane One]

Door 3 sounds like the only option.

 

[RangerBoy]

There are no options.

The Rangers take a $5.6M cap hit for 2013 with the $70.2M cap.

Amnesty buyout in June/July whenever that period is held this summer. Redden gets $3,333,333 paid out over 2 years. Off the cap. Off the summer cap.

 

[Kane One]

There are no options.

The Rangers take a $5.6M cap hit for 2013 with the $70.2M cap.

Amnesty buyout in June/July whenever that period is held this summer. Redden gets $3,333,333 paid out over 2 years. Off the cap. Off the summer cap.

And we have the cap space, correct?

 

[GAGLine]

And we have the cap space, correct?

Yes, we have enough. Even once MDZ signs, we'll have more than enough to make moves during the season.

 

[The Gloaming]

Do ELC's in the minors, such as JT Miller and McIlrath (over 900K) count on the cap? Or is it only 1 way deals?

 

[Kane One]

Yes, we have enough. Even once MDZ signs, we'll have more than enough to make moves during the season.

I know we do. I just didn't understand why Redden counting on the cap just for this 48 game season would be a problem.

 

[Crease]

Hard to think that Redden walks away from what will eventually be a 9.5M severance package after accounting for this year's prorated salary (2.9M) and next year's buyout (3.3M x 2).

Any word on how discussions today went?

 

[Thirty One]

Do ELC's in the minors, such as JT Miller and McIlrath (over 900K) count on the cap? Or is it only 1 way deals?

Only 1 way deals.

 

[The Gloaming]

Only 1 way deals.

Thanks.

We'll be fine with Redden on the cap this year. Dolan pays him whatever he's owed to sit and watch the games at home. We buy him out in the summer, and sign McD, Stepan, and Hagelin.

 

[Hunter Gathers]

Thanks.

We'll be fine with Redden on the cap this year. Dolan pays him whatever he's owed to sit and watch the games at home. We buy him out in the summer, and sign McD, Stepan, and Hagelin.

Well, if we are paying him on the cap, why wouldn't we just keep him as the 7th D-man?

 

[Kane One]

Well, if we are paying him on the cap, why wouldn't we just keep him as the 7th D-man?

Because if he gets hurt, the Rangers wouldn't be able to buy him out.

 

[Hunter Gathers]

Because if he gets hurt, the Rangers wouldn't be able to buy him out.

Meh. That's a risk I'd be willing to take. The odds of him getting severely injured to prevent a buy-out are very low. So he's basically going to sit out a year and waste more of his career?

 

[RangerBoy]

If Redden was in the plans,he would be skating with the rest of the Rangers players getting ready for the season. The Rangers had the NYU hockey club coach running practice today and he ran a Torts like practice. Torts told him what to do. Torts is not allowed on the ice. He can't talk to the players until the lockout is lifted.

The CBA prohibits injured players from being bought out. It was that way in the 2005 CBA and it is the same way in the 2013 CBA. There are no injury settlements in the NHL.

Redden can terminate his contract or he can stay home collecting his $2.6M salary waiting for the amnesty buyout in the summer.

 

[Kane One]

Meh. That's a risk I'd be willing to take. The odds of him getting severely injured to prevent a buy-out are very low. So he's basically going to sit out a year and waste more of his career?

Pretty much. Has anyone's career ever fall this drastically (not including a career-ending injury).

 

[The Gloaming]

Meh. That's a risk I'd be willing to take. The odds of him getting severely injured to prevent a buy-out are very low. So he's basically going to sit out a year and waste more of his career?

He's old, rapidly declining. If he's injured over the entire summer, we are in serious trouble.

If he's unhappy, I'll take his 3 million to sit on my couch.

 

[broadwayblue]

Pretty much. Has anyone's career ever fall this drastically (not including a career-ending injury).

He was in serious decline for a couple seasons PRIOR to us signing him. It was the most ridiculous deal we've ever made...and we've made a lot of bad UFA signings. lol

 

[Brooklyn Rangers Fan]

I don't even understand why this is a discussion. Wade doesn't sit for a year - he sits for 5 or so months. Then he gets bought out, works out like a fiend over the summer, gets an invite to someone's camp just like Nedved did to ours two years ago (or whenever that was).

That's how he gets his shot - he's got tons of dough in the bank and the ability to give it one more go with no pressure and no strings attached.