Zippy316
aka Zippo
Based on PuckPedia and AHL transactions, it looks like the Devils have done a bunch of paper transactions to maximize the cap relief from Bastian going on LTIR. On paper, Casey, Nemec, and Filmon are called up today before Bastian’s LTIR placement. Obviously, their press release means Foote, Bowers, Dowling, and DeSimone will be the actual call ups.
In very very simplistic terms, the closer you get to the salary cap ceiling before moving a player to LTIR, the more cap space you get from LTIR placement. If the Devils are $1,000 away from the cap hit when they place Bastian’s 1.35 million on LTIR, they can spend up to 1.35 million - $1,000 over the cap.
It’s why we’ve been seeing teams like the Leafs who have guys on LTIR and out for the year sign “PTOs” every year. They give those PTOs a contract to bring them closest to the cap when they register the roster on day one and get the fullest benefit from LTIR.
In very very simplistic terms, the closer you get to the salary cap ceiling before moving a player to LTIR, the more cap space you get from LTIR placement. If the Devils are $1,000 away from the cap hit when they place Bastian’s 1.35 million on LTIR, they can spend up to 1.35 million - $1,000 over the cap.
It’s why we’ve been seeing teams like the Leafs who have guys on LTIR and out for the year sign “PTOs” every year. They give those PTOs a contract to bring them closest to the cap when they register the roster on day one and get the fullest benefit from LTIR.