News From Around the League - Part XXXVIII

[Status Quo*]

Arthur Staple ‏@StapeNewsday

Move is cap-related -- #Isles needed to be over the floor by tomorrow, needed insurance against not being cap compliant the entire season.

 

[Bleedred]

The Bruins are pressed for cap space and the Isles are near the floor.
They can take on the extra $$ at no real cost to them, and it helps them stay above the floor.

That's gotta be it cause I can't see him playing there.

 

[Devil X]

Not sure i get this. He doesnt want to play this season and is a UFA at the end of the year i believe. Boston got a conditional 2nd as a report says which is high for a guy they may NEVER put your uniform on.

Either Boston needed to clear money or the Islander's are going to move 1 of there large contracts and needed to keep the team over the cap floor.

 

[Bleedred]

How funny would it be if Thomas did show up, and report to the Isles?

 

[manilaNJ]

It's strictly a cap move to benefit both teams.

The conditions of that draft pick will most likely never be met.

Essentially trading of cap space in the loosest of sense.

 

[CerebralGenesis]

The islanders gave a 2nd round pick for dead cap space? Jesus man they probably wanted the lockout to go all year if that were the case.

They couldn't get actual returns for a 2nd instead? What a scam.

 

[manilaNJ]

It's a "conditional" draft pick. Probably just thrown in there so the deal didn't get smacked down... but I highly doubt that draft pick ever makes its way into Boston's hands.

Conditional 2nd rounder in either 2014 or 2015. So it's total bs.

 

[Devils Dominion]

Not a circumvention?

 

[Getzo5]

Haha, adding Visnovsky and Thomas to that locker room, that`s a dandy.

Just a FYI, Visnovsky was activated today.

 

[Devilsfan92]

Not a circumvention?

How?

 

[GM17*]

in a world where you can trade cap space I don't see how it's circumvention

 

[manilaNJ]

I don't assume many around the league will be happy about this, I wouldn't be surprised if there wasn't some type of fine or punishment (nothing too harsh, I imagine)


I just don't see Bettman or 28 other GMs too happy about Boston shedding $5 million in cap space for free or the Islanders getting above the floor without having the shell out an additional penny.

It makes perfect sense for both of them, both will make tons of other GMs irate. Thankfully for both of them, Brian Burke no longer has a job.

 

[Oroku Saki*]

I'm still lost on one thing. Can you trade actual cap space or just salary dollars?

 

[onefatsurfer]

blatant salary cap circumvention.

 

[DEVILS ALL THE WAY*]

It actually helps out both clubs unlike us, where no one wanted to take our dead weight off our hands so we can be below the cap.

It happend when we had to give up a pick for San Jose to take Malahkov and Langenbrunner ****ed us over when we signed Kovy.

 

[apice3*]

Perfectly legal. It's not the Bruins or Islanders fault he's not reporting.

Islanders will probably be pissed if he shows, but I'm not sure why he would abstain from playing for a team like the Bruins but would show up for the Islanders.

Pretty much cap space was moved from team to team for nothing.

 

[apice3*]

blatant salary cap circumvention.

It's not circumvention. They traded and asset for a conditional asset.

Neither teams can say for certainty that the condition will or will not be met.

It's a brilliant move for both sides.

 

[Sgt Brylin]

I bet Thomas and DiPietro will have a GREAT time at NYI cantina around noon every day.

 

[manilaNJ]

I'm still lost on one thing. Can you trade actual cap space or just salary dollars?

This isn't trading cap space.... literally. But that's all it's doing.

In this new CBA what you can do is retain a certain portion of the players cap & salary on your own books when you trade them another team. Up to a certain %.

That's unrelated though.
Since Tim Thomas has a 35+ contract right now, his cap hit is retained whether he plays a game or not. So the Isles will have his $5mil cap hit on the books.......... without having to pay him the $3 million that he's owed in real dollars.

And Boston, up against the cap... now shed $5mil off it's cap for nothing.
They now have wiggle room to make some deals at the deadline.

 

[apice3*]

28 GMs are going to be pissed, but what rule did either side break? Hell, neither side even stretched a rule. Everything is legit.

 

[manilaNJ]

28 GMs are going to be pissed, but what rule did either side break? Hell, neither side even stretched a rule. Everything is legit.

The spirit of the rule

 

[apice3*]

Theoretically, I wonder if the Islanders could trade Thomas back to the Bruins and retain his entire salary (or the maximum allowed) in exchange for a real draft pick as a thank you.

That would make the complete trade

To NYI
BOS draft pick + Thomas's salary/cap hit

To BOS
Conditional 2nd
Tim Thomas stays put

Profit?

Although with Rask proving himself reliable, I guess Boston wouldn't need Thomas. The real what-if is if Rask was flopping.

 

[Blender]

Once again, the Islanders manage to hit the cap floor without actually spending money. Congrats on being so cheap.

 

[Zippy316]

The spirit of the rule

Haha. Clever. Say that on the mainboard, see what they say about that one.

 

[aboriginal]

in a world where you can trade cap space I don't see how it's circumvention

i just read that in the voice from that guy on tv commercials.