Confirmed with Link: Filip Chytil Extended 4 Years $4.4375M AAV

[mike14]

Potential performance bonus overage only adds to the cap issues.

Surely we're not going to get anywhere close to this to worry about it? Isn't the amount you can exceed the cap around $6.3m (based on an $83.5m upper floor)?
The only current roster player with bonuses next season is Schneider with a max of about $400k. Assume Othmann and two others play parts of the season with similar amounts, and then something for Halak if they brought him back on a similar deal, but that's nowhere neat $6m

 

[GAGLine]

Surely we're not going to get anywhere close to this to worry about it? Isn't the amount you can exceed the cap around $6.3m (based on an $83.5m upper floor)?
The only current roster player with bonuses next season is Schneider with a max of about $400k. Assume Othmann and two others play parts of the season with similar amounts, and then something for Halak if they brought him back on a similar deal, but that's nowhere neat $6m

You're confusing the bonus cushion with the actual bonuses earned.

The bonus cushion is 7.5% of the cap. If the team has more than that in potential performance bonuses at the beginning of the year, the cap ceiling for that team is reduced by the overage.

The actual bonuses that are earned are paid off using any remaining cap space at the end of the year. If the team doesn't have enough cap space, the overage rolls over into the following season.

 

[IDvsEGO]

Surely we're not going to get anywhere close to this to worry about it? Isn't the amount you can exceed the cap around $6.3m (based on an $83.5m upper floor)?
The only current roster player with bonuses next season is Schneider with a max of about $400k. Assume Othmann and two others play parts of the season with similar amounts, and then something for Halak if they brought him back on a similar deal, but that's nowhere neat $6m

I think miller will hit the bonus this year at least. Laf maybe too?

 

[mike14]

You're confusing the bonus cushion with the actual bonuses earned.

The bonus cushion is 7.5% of the cap. If the team has more than that in potential performance bonuses at the beginning of the year, the cap ceiling for that team is reduced by the overage.

The actual bonuses that are earned are paid off using any remaining cap space at the end of the year. If the team doesn't have enough cap space, the overage rolls over into the following season.

Is the individual performance bonuses listed on Cap Friendly correct? ie for Schneider it's listed as $400k for next season. My understanding was that was the max in bonuses he could be paid regardless of how many milestones he hit.
I also assume it's only active roster?

So Schneider at $400k
Othmann is listed at $450k
Cuylle is $82,500
Halak has $50,000 this season
That's a max of under a mil

Unless we gut the team and bring in all the ELC players, how are getting close, even with potential bonuses?

 

[FultonReed]

Before the playoffs. Good move Drury.

this. this is the key. I think he'll be massive for us there.

 

[mike14]

I think miller will hit the bonus this year at least. Laf maybe too?

Miller should hit for a couple (assist, points, TOI, +/-), Schnieder might hit one and Laf might for TOI.
CapFriendly shows the total potential bonuses for current roster at $3.7m.

 

[Glen Sathers Cigar]

Great deal. He’s arguably worth more than this cap hit even if he doesn’t progress any further. I’m willing to bet he will progress more and it will become a huge steal.

Mika at 8.5, Tro at 5.6 and Chytil at 4.4 is just terrific center depth and all on good contracts.

 

[17futurecap]

Is the individual performance bonuses listed on Cap Friendly correct? ie for Schneider it's listed as $400k for next season. My understanding was that was the max in bonuses he could be paid regardless of how many milestones he hit.
I also assume it's only active roster?

So Schneider at $400k
Othmann is listed at $450k
Cuylle is $82,500
Halak has $50,000 this season
That's a max of under a mil

Unless we gut the team and bring in all the ELC players, how are getting close, even with potential bonuses?

We are talking about this season, the guys who get bonuses, we won’t have the cap space to pay them. They will be overages on next years cap. Miller, Schneider, and Halak probably all have some sort of extra money coming to them.

 

[McRanger92]

I feel like we worry about performance bonuses every year and it’s never been an issue

 

[Rempe73]

Huge W. If there is a gripe, it’s that maybe Drury could have gotten him for 6 years for like 5.25. I’ll easily take this though. Perfect amount of risk. Not too bad of a contract if he regresses and an absolute steal for 4 years if he stays the same or better.

 

[mike14]

We are talking about this season, the guys who get bonuses, we won’t have the cap space to pay them. They will be overages on next years cap. Miller, Schneider, and Halak probably all have some sort of extra money coming to them.

Ok I'm clearly an idiot on this stuff:
- We (everyone) can exceed the cap by 7.5% (around $6m) to pay bonuses
- the max bonuses to pay in 22-23 based on the current roster (according to CapFriendly) are $3.7m
Where are the overages coming from?

 

[IDvsEGO]

Ok I'm clearly an idiot on this stuff:
- We (everyone) can exceed the cap by 7.5% (around $6m) to pay bonuses
- the max bonuses to pay in 22-23 based on the current roster (according to CapFriendly) are $3.7m
Where are the overages coming from?

Laf/miller and potentially schneider this year will likely hit bonuses, and we dont have space for them. That will eat into the cap for next season.

 

[Brother Mouzone]

 

[IDvsEGO]

Signing the RFAs now may be the shrewd move, with the 'official rhetoric' being it will only go up $1M

The cap will be approaching $90M this offseason IMO

I think thats why the NHL hasn't announced any increase. Because the owners have known and are squeezing the players into longer deals.
The rangers might use that to then get kane / tarasenko.

 

[mike14]

Laf/miller and potentially schneider this year will likely hit bonuses, and we dont have space for them. That will eat into the cap for next season.

Pretend I'm five and you have to really spell it out: if our total bonuses are under the bonus cushion, why are they carried over to next season? If that carry over happens regardless of whether the cushion is exceeded, why does the bonus cushion exist?

 

[IDvsEGO]

Pretend I'm five and you have to really spell it out: if our total bonuses are under the bonus cushion, why are they carried over to next season? If that carry over happens regardless of whether the cushion is exceeded, why does the bonus cushion exist?

Because the bonus cushion is just how much you can push that cap into next year. The bonus all hits the cap, if it doesn't fit, it goes into the next season. if you don't have enough cushion, you could be not cap compliance. we ran that risk in 2020 i believe.

 

[17futurecap]

Pretend I'm five and you have to really spell it out: if our total bonuses are under the bonus cushion, why are they carried over to next season? If that carry over happens regardless of whether the cushion is exceeded, why does the bonus cushion exist?

The bonus cushion is just your total potential bonuses that a team can have. So all the bonuses don’t count against you during the season, so everything Laf, Miller, Schneider and Halak has doesn’t count against your cap, but once guys earn them you get a bill to pay them, either with whatever cap space you have left, or it’s an overage to next season’s cap.

 

[mike14]

Because the bonus cushion is just how much you can push that cap into next year. The bonus all hits the cap, if it doesn't fit, it goes into the next season. if you don't have enough cushion, you could be not cap compliance. we ran that risk in 2020 i believe.

Ah, thanks.
So if we assume Miller hits all of his ($400K), Schenider hits half of his ($200k), Halak hits his ($50k) and Laf hits $500k worth we lose $1,150,000 of cap for next season?

 

[Leonardo87]

Thanks for explaining the bonuses. Wasn’t sure how they worked into the cap.

 

[IDvsEGO]

Ah, thanks.
So if we assume Miller hits all of his ($400K), Schenider hits half of his ($200k), Halak hits his ($50k) and Laf hits $500k worth we lose $1,150,000 of cap for next season?

Considering how tight we are on the cap. Yup. its why in 20 when we had laf / kakko/miller, we had to hold like 10m in empty space.

 

[Fitzy]

Goodbye Barclay Goodrow after this season for sure.

 

[17futurecap]

Ah, thanks.
So if we assume Miller hits all of his ($400K), Schenider hits half of his ($200k), Halak hits his ($50k) and Laf hits $500k worth we lose $1,150,000 of cap for next season?

Yea, @RangerBoy had a post a few weeks ago estimating them out, I feel like it was around that number.

 

[GAGLine]

In case anyone is still confused, this is how the bonuses work and why we will need to pay bonuses next year from this year.

The cap this year is 82.5 mil. 7.5% of that is 6.1875 mil. That is the bonus cushion. You add up all the potential bonuses at the beginning of the year and compare it to that number.

This year we have Laf at 2.85 mil, Miller at 400k, Schneider at 400k, and Halak at 50k. That's a total of 3.7 mil, so we are not over the bonus cushion. If we had been, whatever the difference is would have been subtracted from our cap ceiling this year. So let's say we had 7.1875 mil in potential bonuses. That's an overage of 1 mil, which would have reduced our cap ceiling this year to 81.5 mil.

Out of the 3.7 mil in potential bonuses, we know some have been earned. Halak for sure, and almost certainly others. We don't know what bonuses they have in their contracts. However, we are projected to end the year with $1,608 in cap space. For arguments sake, let's say there are 850k worth of bonuses that were earned. Next year's cap would be reduced by $848,392. So instead of 83.5 mil, we'd only be able to spend up to $82,651,608.

The performance bonuses that are earned this year have to be paid under the salary cap, if not this year, then next year.

 

[Clark Kellogg]

Frank Seravalli has a hockey website called Daily FaceOff.
Here’s a link to his top 50 UFA’s coming available at seasons end:

Leafs’ Michael Bunting is the No. 1 Free Agent available ahead of 2023 offseason

The Leafs’ winger headlines a weaker Top 50 UFAs class after racking up 109 points over the last two seasons.

www.dailyfaceoff.com

 

[Boris Zubov]

Frank Seravalli has a hockey website called Daily FaceOff.
Here’s a link to his top 50 UFA’s coming available at seasons end:

Leafs’ Michael Bunting is the No. 1 Free Agent available ahead of 2023 offseason

The Leafs’ winger headlines a weaker Top 50 UFAs class after racking up 109 points over the last two seasons.

www.dailyfaceoff.com

Yikes. 46 point pest, Michael Bunting is the leagues #1 free agent? The NHLPA must be loving that.