Salary Cap: Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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BBKers
Registered User
Means Redden will be cashing in less than $6M on the last 2 years of his contract. Let us say he voids contract and assume he can get a 2 year deal elsewhere for around 2,5M per. Meaning close to $4M the next 2 years. Welcome to Long Island (or Edmonton).
I find this not impossible considering he has already made $29M on his contract in New York and in addition already made $37,920,000 BEFORE coming to NYC. So in total (before escrow, taxes and agent fees) Wade has made around $67 M as an NHL player in his career.
Doable - but perhaps not going to happen in the end. Time will tell if he has any "pride" to take a chance to rejuvenate his career (costing him $2M though) or if Option 3 is the path he takes...
BBKers
Registered User
Then he will get it
Not a real problem IMO though
Plenty of money left to sign another player on a one year deal PLUS pick up a deadline rental or two for this year with the huge amount of prorated space we are still looking at on April 5
Next year Redden is bought out
And we still have one compliance buyout left
It will be interesting to see what del Zotto gets on his next contract
That will be very telling regarding the possibilities of next years roster
But we gotta play this year first
And hopefully well into June!
BBKers
Registered User
So if the season starts on January 19th and ends on May 2 it is 104 day season
Trade deadline is reputed to be on April 5, 2013. 27 days would then remain of the season.
Prorated amount at deadline (on the annual cap hit) is therefore a whopping 3,85 times.Very interesting as this will mean everyone will basically be able to afford just about anyone at the deadline as a rental... Getting under next years cap will of course make pending UFAs the "attractive" bounty, longer contracts will be much harder to move imo.
Could mean a very busy deadline - very much depending on how many teams "are in it" on April 4. Or could mean absolutely nothing... Time will tell.
John Shannon tweeted its a shorter season.
https://twitter.com/JSportsnet/status/289027600888758272
Its 99 days. $2.67M.
Ismellofhockey
Registered User
- Mar 31, 2002
- 2,843
- 0
CAPGEEK.COM USER GENERATED ROSTER
My Custom Lineup
FORWARDS
Rick Nash ($7.800m) / Brad Richards ($6.667m) / Marian Gaborik ($7.500m)
Carl Hagelin ($0.875m) / Derek Stepan ($0.875m) / Ryan Callahan ($4.275m)
Taylor Pyatt ($1.550m) / Brian Boyle ($1.700m) / Chris Kreider ($1.325m)
Mike Rupp ($1.500m) / Jeff Halpern ($0.700m) / Arron Asham ($1.000m)
Micheal Haley ($0.600m) /
DEFENSEMEN
Marc Staal ($3.975m) / Dan Girardi ($3.325m)
Michael Del Zotto ($1.000m) / Ryan McDonagh ($1.300m)
Michael Sauer ($1.250m) / Anton Stralman ($1.700m)
Steve Eminger ($0.750m) / Wade Redden ($6.500m)
GOALTENDERS
Henrik Lundqvist ($6.875m)
Martin Biron ($1.300m)
BUYOUTS
Chris Drury ($1.667m)
------
CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(these totals are compiled with the bonus cushion)
SALARY CAP: $70,200,000; CAP PAYROLL: $71,608,334; BONUSES: $1,250,000
CAP SPACE (24-man roster):- $158,334
You guys don't seem worried so what am I doing wrong? Even if Redden is buried in the minors and counts for only $5.6M, Del Zotto will surely get more than $1M.
My Custom Lineup
FORWARDS
Rick Nash ($7.800m) / Brad Richards ($6.667m) / Marian Gaborik ($7.500m)
Carl Hagelin ($0.875m) / Derek Stepan ($0.875m) / Ryan Callahan ($4.275m)
Taylor Pyatt ($1.550m) / Brian Boyle ($1.700m) / Chris Kreider ($1.325m)
Mike Rupp ($1.500m) / Jeff Halpern ($0.700m) / Arron Asham ($1.000m)
Micheal Haley ($0.600m) /
DEFENSEMEN
Marc Staal ($3.975m) / Dan Girardi ($3.325m)
Michael Del Zotto ($1.000m) / Ryan McDonagh ($1.300m)
Michael Sauer ($1.250m) / Anton Stralman ($1.700m)
Steve Eminger ($0.750m) / Wade Redden ($6.500m)
GOALTENDERS
Henrik Lundqvist ($6.875m)
Martin Biron ($1.300m)
BUYOUTS
Chris Drury ($1.667m)
------
CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(these totals are compiled with the bonus cushion)
SALARY CAP: $70,200,000; CAP PAYROLL: $71,608,334; BONUSES: $1,250,000
CAP SPACE (24-man roster):- $158,334
You guys don't seem worried so what am I doing wrong? Even if Redden is buried in the minors and counts for only $5.6M, Del Zotto will surely get more than $1M.
pld459666
Registered User
Regarding Redden, since this not the kind of back diving deal that the NHL is looking to punish, anyone think that Redden retire and take a coaching position with the team. An Assistant Coach for Ken Gernander to work with the defenceman?
the variable between his actual salary and what his cap hit is just about 23%, far less than the currently allowed 35%. It is also ALOT higher than the 50% difference between his current salary and the highest salary during the term of his contract.
In the last 4 years, he's made 29 of his 39 million he signed for, retiring and taking a front office position now will allow him to by pass the atrophy that will set in on his already deteriorating skills as he sits in the press box for a full year.
I know that there were three options listed, but I believe walking away from the contract is an option that would not have a negative impact on the team.
Again, this contract is not what the NHL is looking to punish or eliminate.
the variable between his actual salary and what his cap hit is just about 23%, far less than the currently allowed 35%. It is also ALOT higher than the 50% difference between his current salary and the highest salary during the term of his contract.
In the last 4 years, he's made 29 of his 39 million he signed for, retiring and taking a front office position now will allow him to by pass the atrophy that will set in on his already deteriorating skills as he sits in the press box for a full year.
I know that there were three options listed, but I believe walking away from the contract is an option that would not have a negative impact on the team.
Again, this contract is not what the NHL is looking to punish or eliminate.
BBKers
Registered User
thanks 4 clarification RB!
Also means that the prorated factor at the deadline will be higher, ie one can acquire salary that is 4,125 times higher than the annual cap hit as per the deadline date of April 5. That is an awful lot. Eklund must be getting really excited already, palm sweat & such
Kane One
Registered User
I don't think there's a chance that happens. Would you want to pass up the money AND end your career like that? If I were him, I'd take the money and see if my career is really over. He should try to make the NHL again.
BBKers
Registered User
In a sense I believe they are trying to eliminate this as well. Small market teams do not want to allow big revenue clubs the possibility to stash any salary of mistaken bad contracts in the minors any longer. Hence the new rules...
capgeek says we have 5,341,666 in cap space with redden back on for 5.6 and mdz not signed. plus we can put sauer on LTIR if needed.
BBKers
Registered User
Just ran this myself. Please note that this includes The bonus cushion. This was also under the supposition that MDZ winds up with an annual hit of $2,5M (a number Brooks had mentioned previously). Anything higher than the $2,5M caphit figure for MDZ then lowers the cap space by corresponding amount. Lower raises the cap space by similar math. Here is what I got (same result as the first page on this thread):
FORWARDS
Rick Nash ($7.800m) / Brad Richards ($6.667m) / Ryan Callahan ($4.275m)
Chris Kreider ($1.325m) / Derek Stepan ($0.875m) / Marian Gaborik ($7.500m)
Carl Hagelin ($0.875m) / Brian Boyle ($1.700m) / Taylor Pyatt ($1.550m)
Mike Rupp ($1.500m) / Jeff Halpern ($0.700m) / Arron Asham ($1.000m)
Micheal Haley ($0.600m)
Total caphit fwds - $36,366,667
DEFENSEMEN
Marc Staal ($3.975m) / Dan Girardi ($3.325m)
Anton Stralman ($1.700m) / Ryan McDonagh ($1.300m)
Michael Del Zotto ($2.500m) / Steve Eminger ($0.750m)
Stu Bickel ($0.750m)
Total defensemen ($14.300m)
GOALTENDERS
Henrik Lundqvist ($6.875m)
Martin Biron ($1.300m)
Total Goalies ($8.175m)
BUYOUTS
Chris Drury ($1.667m)
BURIED
Wade Redden ($5.600m)
LTIR
Michael Sauer ($1.250m)
------
CAPGEEK.COM TOTALS
(these totals are compiled with the bonus cushion)
SALARY CAP: $70,200,000
CAP PAYROLL: $72,958,334
TOTAL SALARY HIT: $67.358.334
BONUSES: $1,250,000
CAP SPACE (23-man roster including Sauer plus Dead Money): $4,091,666
LTIR (Sauer): $1,250,000
DEAD MONEY (Redden/Drury): $7.266,667
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Crease
Chief Justice of the HFNYR Court
- Jul 12, 2004
- 24,766
- 27,709
Man, imagine what kind of team we could field this year if we didn't have 7M+ tied up between Redden and Drury. And thats not including the 4M in cap space they have after the fact.
Albeit, they need some flexibility in order to get down to 64.3M next season.
Albeit, they need some flexibility in order to get down to 64.3M next season.
Wade Redden is not listed on the Cap Geek calculator but the $5.6M is included in the total Salary Cap on that page.
The front page of the Cap Geek site is correct. That $64,858,334 includes the $5.6M for Redden and $600,000 for Haley. The $64M plus number also includes the performance bonuses. They may not be reachable in a 48 game season or they can rolled over into 13-14.
The front page of the Cap Geek site is correct. That $64,858,334 includes the $5.6M for Redden and $600,000 for Haley. The $64M plus number also includes the performance bonuses. They may not be reachable in a 48 game season or they can rolled over into 13-14.
- Sep 17, 2007
- 24,926
- 22,848
The Redden Rule was created so that large contracts can't be stashed in the minors. But there's nothing wrong with the contract itself. It's lower in the final year, but by less than 35%.
I hear you, but I am not sure they are counting days as usual. The NHL screw the PA of pretty big amounts (every day of the season right now is a full percent (100 days total), and they were fighting like nutz for those percents earlier and now the owners supposedly can just take 5 of them by making the season shorter with fewer days between games?)
DZ is not allowed to sign a contract until the lockout is lifted. As we saw with the lockout,the NHL is a deadline league. The NHL and NHLPA didn't negotiate until the last possible moment of getting in a 48 game season. Its taken a week to get the deal on paper and have both sides vote. Trades don't done until the trading deadline.
Reds will get his full salary. He has the choice of terminating his SPC and becoming a free agent. The Rangers have no other choice other than having Redden stay at home. We discussed that in the last lockout thread before the CBA was struck on Sunday.
http://www.nypost.com/p/sports/rang...W8sC4IQSeI?utm_medium=rss&utm_content=Rangers
what happens with redden if he were to hurt himself working out while at "home"? I'd have to believe he will be working out to stay in shape in the hopes of playing again. can he still be bought out because he was hurt away from the game, or would that still count as being hurt under contract and therefore no buyout?
BBKers
Registered User
Yeah, what if some hooligan Fishstick fans were to pull a Nancy Kerrigan on Wade right before the buyout?
The Gloaming
23
Yeah, what if some hooligan Fishstick fans were to pull a Nancy Kerrigan on Wade right before the buyout?
What are those?Seriously though, they have to put him in bubble wrap. I think you have pass a physical to get bought out or traded.
BBKers
Registered User
Seriously though, they have to put him in bubble wrap. I think you have pass a physical to get bought out or traded.
Well they ARE moving to Brooklyn soon so...
