Abel to Yzerman
by George Malik on 09/30/10 at 05:52 PM ET
Wow. I had made a big assumption in suggesting that players waived and sent to the AHL to bury their cap hits, like Wade Redden, are paid by the players’ share of revenues, which would count against players’ escrow withholdings (like LTIR exemptions for season-ending injuries), and after a series of corrections from Kdb2009, the CBA waters got so murky that I decided to email the NHLPA to clarify the situation.
NHLPA spokesman Jonathan Weatherdon confirms that, instead of coming out of the players’ share, and I quote:
Salaries paid to players on one-way contracts who are not in the NHL (i.e. Huet, Redden) are not included in the salaries that are used to determine the Players’ share of the overall HRR.
I was wrong, and I’m more than OK with that. The CBA’s so damn complicated that it took legalese experts and the NHLPA to clarify the concept that money paid to waived players on one-way deals are just part of the team’s total payroll (as opposed to their cap-limited payroll), and now we know how it works, and that as it turns out, it’s the LTIR that’s the biggest contributor to escrow, outweighing “lifetime contracts’” buried cap hits. I’d rather look like an idiot (nothing new there) and figure out the truth of the matter so that our discussions further trying to figure out how the CBA actually affects teams and players as both sides prepare to discuss their respectively sticky wickets heading toward its expiration in 2012—because both sides need to come to the table informed and hammer out a CBA they can live with without a lockout for the sakes of those paying their salaries, a.k.a. fans, as well as themselves.
Now somebody get me a napkin…I’ve got a sunny-side up egg hanging off my forehead.
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