So....if Panarin is out for 20 games with an [ upper body inury/jock itch/war depression /whatever ? ] which is approximately 1/4 of his contract and salary [2.9 Million] and we replace him on our roster with an ELC guy making 900,000 .....then we don't have the extra 2 million to utilize during that time he is on LTIR ? If that is so....how does it work ? Kucherov was off for a season and they used his money to run the club ... I know I'm missing lots ....but isn't that basic run of it minus the finer details .....which I am sure that they would be prepped for in advance of that happening ?
How much cap space we create by putting a player on LTIR is dependent on how much the player costs and how much we are spending at the time we place them on LTIR. Any unused cap space is used before LTIR space is awarded.
So if the cap is 100 mil and our cap hits add up to 95 mil, putting a player on LTIR with a 4 mil cap hit does nothing (95 + 4 = 99). If the cap is 100 mil, we are spending 98 mil, and we place that same player on LTIR, we are able to then spend up to 102 mil while the player is on LTIR (98 + 4 = 102).
That's all a simplification, because cap hits are calculated by day, but that's the gist of how the LTIR space is calculated.
The other factor is that LTIR cap space can't be banked.
Let's say the cap is 100 mil and there are 200 days in the regular season. That means we can spend 500k per day. Our cap hits add up to 98 mil, so we are spending 490k per day. We are therefore saving 10k per day. After 100 days, we'd have saved a total of 1 mil. We could then spend up to 510k per day the rest of the way.
Now, same scenario, but we place that 4 mil player on LTIR. We are now allowed to spend up to 102 mil (98 + 4), which is 520k per day. We trade for a player with a 3 mil cap hit to replace that player. We are now spending 510k per day out of a possible 520k per day, but that extra 10k doesn't get saved. It's use it or lose it. In this scenario, we aren't saving any cap space for later in the year. And when the player on LTIR comes back, we have to get back down under the 100 mil cap.
Kucherov was out for the entire regular season. If he had come back at some point during the season, Tampa would have had to find a way to clear cap. But he didn't come back until the playoffs, so they didn't have to worry about it.
It's not to our advantage to have Panarin on LTIR for 1/4 of the season unless it happens to be the last 1/4 of the season and he won't be back until the playoffs. In that scenario, we could add a significant player at the deadline and have both players on the team come the playoffs. But of course, we'd be without Panarin for that last 1/4 of the season, which may hurt us more than the LTIR shenanigans help us.