Mr Positive
Cap Crunch Incoming
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I think we mostly agree. But I recall we had 1 point something cap space at the start of the season, which people said would translate to about 5 million in cap space on deadline day.I’m certainly no expert either but as far as I understand it, a contracts total value is split by the number of days on the season and every day that passes it reduces the cap hit on that contract, so in essence a 5M cap hit on day one isn’t a 5M cap hit at trade deadline day, it’s more like a 2M cap hit maybe, because 2/3 of rhe daily cap up to that point has been paid out and the cap hit attributed to the current teams cap.
Accruing cap space works kind of in a similar fashion but the opposite, every day you are under the cap you get to squirrel away that daily cap hit amount to use later, think of it like taking the change in your pocket at the end of the day and putting it in a jar and it gets added to the amount that you were under the cap to begin with.
The team has been accruing cap intermittently and when they’ve had to be in ltir they stop accruing but the space they’ve been accruing so far doesn’t go away, it’s just not growing, but when they come out of ltir they go back to accruing on the amount that was paused while they were in ltir.
Basically at the deadline when they’re out of time to accrue so it doesn’t matter anymore, they’ll take the 2M or so they have, which technically buys them a 5M player because 2/3 of his cap hit has already been paid so he’s like a 1.8M player and then if they wanted to they could spend the equivalent of another 5M contract or so equivalent to the remainder of Kane’s remaining cap hit and at that time they’ll put him on ltir until the end of the season.
Except, it didn't go that way. When we've accrued it was with more like 100ks worth and like you say, at times nothing because we dipped into LTIR with Arvidsson, so now our deadline accrued space is like 1-2 million. So our big hope is either a 1-1 hockey trade and/or Kane LTIR going right to the playoffs. I'm not 100% on this but I'm pretty sure