Michel Beauchamp
Canadiens' fan since 1958
which is isnt. leafs have approx 7 mil free space if Lupul and Horton are already LTIRed (which Daly confirmed is allowed in the summer)
No they don't if LTIR is used in the off-season.
That's what you dont seem to understand.
I'll repeat numbers from my last post in this thread.
The Leafs are presently $2.479M over the cap.
Horton cap hit is $5.3M
Lupul cap hit is $5.25M
If Brown was to be signed at $2.8M, the Leafs would be $5.279M over the cap and would need to use Horton's LTIR to get right at the cap on the first day of the season, but the $21K extra could not be used during the season.
Once the season starts, say they want to send Smith down ($650K cap hit) and bring up their most ready dman prospect with a cap hit superior to Smith.
They would be over the cap.
They would then use Lupul's LTIR to be cap compliant and could use the portion of that LTIR not necessary to be cap compliant as wiggle room for the rest of the season.
If, however, Brown signs a contract with a cap hit of $2.822M, they would need to use both LTIR before the start of the season and they would be left with no wiggle room at all for the season (unless, obviously, if a player goes on LTIR during the season).