And as I said they don't have to be compliant after training camp. The LTIR exception can be exercised during training camp, before the season starts. The cap relief gained can differ depending on whether a team exercises the LTIR exception during training camp vs doing so on day 1.
They still have to be accounted on the Cap for day 1 before being put on LTIR. Same as the Bruins with Savard.
Wingz will have to trade someone.
still surprised they signed Vanek with all those wingers
No we don't have to trade any one here. With both Mrazek and DDK on arbitration Detroit gets a 2nd buy out window like the Rangers did. Holland could buy out Howard saving $3.5 million for this year and then he could send down Larkin clearing another $925.000 and be cap compliant. Though i seriously doubt that Holland is willing to buy out Howard around now. but we should have a 48 hour buy out window coming up here shortly so we shall see what Holland does.
No we don't have to trade any one here. With both Mrazek and DDK on arbitration Detroit gets a 2nd buy out window like the Rangers did. Holland could buy out Howard saving $3.5 million for this year and then he could send down Larkin clearing another $925.000 and be cap compliant. Though i seriously doubt that Holland is willing to buy out Howard around now. but we should have a 48 hour buy out window coming up here shortly so we shall see what Holland does.
still surprised they signed Vanek with all those wingers
Why on earth would they send down Larkin?
Maybe Big Rig perhaps? One could only hope.
still surprised they signed Vanek with all those wingers
A buy out of Big Rig would be a waste of a buy out. He can just retire and weren't hit with the recapture penalty like we would be with Zetterberg, Kronwall or Franzen because their deals were so front loaded where Ericsson's remains the same for the entire contract at $4.25 million.
LMFAO
You follow "they could buy out Howard and send down Larkin" with, "though I seriously doubt they will buy out Howard?
Why on earth would they send down Larkin?
They don't have to trade someone or they don't count on the Cap on day 1?
Bruins had to account for Savard 4.1M Cap hit on day 1 before putting him on LTIR for the year. Why wouldn't it be the same for the Wingz?
Ya but if he retires he doesn't get paid. I think it would be pretty tough to convince him to pass up all that money.
By day 1 I meant after training camp. They have to be cap compliant.
A buy out of Big Rig would be a waste of a buy out. He can just retire and weren't hit with the recapture penalty like we would be with Zetterberg, Kronwall or Franzen because their deals were so front loaded where Ericsson's remains the same for the entire contract at $4.25 million.
Yeah i totally agree he's pretty much said that he has no desire to retire yet, His cap hit is his real money at $4.25 million so that's $17 million that he would be surrendering over the next 4 years of his contract. He would be crazy to do that if he can't play he would be just LTIR like Franzen for the rest of his career.
To accommodate for the fact that rosters are more fluid in the off-season, the Collective Bargaining Agreement allows teams to go temporarily over the salary cap by up to 10% of the upper limit until the last day of training camp. This means that teams must become salary cap compliant before they can place players on LTIR since the injury exception to the cap does not come into effect until the season has started. That could cause problems for a team if they intend to spend near the salary cap and can't (or don't want to) pass sufficient salary through waivers.
They still have to be accounted on the Cap for day 1 before being put on LTIR. Same as the Bruins with Savard.
Wingz will have to trade someone.
Exactly why I think he would be a good buy out candidate.
Problem is the term.
Sure, Howards buyout hit is a tad more, but only for 6 years
Ericsson would carry a buyout hit for 8 years and would be pretty much the same buyout hit as Howard (except Howards buyout hit would jump for year 3 of 6)
Howard buyout cap hit
$1.4
$1.9
$2.6
$1.6
$1.6
$1.6
Ericsson buyout cap hit
$1.6
$1.6
$1.37
$1.37
$1.37
$1.37
$1.37
$1.37