this is not close to being correct. McDavids CAP % is 16.67, based on this years cap and next years cap the calculation looks like this
McDavid 16.67% @ 83.5 = $13.92M
McDavid 16.67% @ 87M = $14.5M
Matthews got 13.25M making his cap percentage (15.2) which is way less than McDavids.
Based on Matthews previous contract of $11.634M AAV (cap % of 14.64) at the new cap limit of $87 for next season the AAV would be $12.75M. Since he actually signed for $13.25 thats a very minimal raise. 500k is not an overpayment or anything crazy.
If you are going to represent the numbers, this is the correct way of doing it. Matthews is NOT taking up any more of the pie than he was on his 11.634M deal and thats the truth.
Unfortunately many people confuse this concept when understanding how contracts work. Too bad our former GM didn't understand this.
McDavid has a $12.5 mil AAV based on a 8 year term average .
That was his CH% at time of signing only. Matthews has a an AAV of $11.634 mil but for only 5 year term. The Oilers only need to fit $12.5 mil under their cap ceiling each year
as his average since a players AAV remains static & constant throughout, so as the Salary Cap ceiling rises a players CH% declines over time giving the team an advantage the longer they get a player to sign for. That is why you see smart GMs sign players for 8 years because they amortize the original cap hit in year #1 over term.
Next season when Matthews new deal kicks in his AAV = $13,25 mil while McDavid remains $12.5 mil because of term, and that is why Matthews last contract was so bad because Matthews takes up more of Leafs total team cap space of $87.5 mil ceiling than McDavid now does in 2024-25.
Cap Hit % = A players AAV/ NHL Salary Cap Ceiling. Therefore since AAV (annual average value) is static and Salary Cap ceiling is Variable the more it increase the less the player impact his team.
You can look in capfriendly if you don't believe me,
CapFriendly - CapFriendly - NHL Salary Caps
This is their new adjusted Cap Hit for this upcoming season as reported on their web site, and neither players original CH% at time of signing is no longer relevant its recalculated.
You can verify that CAP% if you want ........... Matthews @ $11.640,250 AAV / $ 83,500,000 mil (Salary Cap Ceiling for 2023-24) =
13.9 %
& when Matthews new contract kicks in .... Matthews @ $13,250,000 AAV / $ 87,500,000 mil (Salary Cap Ceiling for 2024-25) =
15.1 %
vs. McDavid (with 3 years remaining) .......... McDavid . @ $12,500,000 AAV / $ 87,500,000 mil (Salary Cap Ceiling for 2024-25) =
14.3%