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But What About The Second Year?

from Craig Custance of ESPN,

When the NHL released its mid-October CBA offer to the public, everyone got a glimpse as to how the league was prepared to help teams manage the salary cap this season when it drops dramatically.

In that offer, the upper limit of the salary cap was $59.9 million, but a transition rule allowed teams to exceed it for only one season, permitting spending up to $70.2 million. That clause would prevent teams from having to dump major salaries in the short period of time between the CBA finalization and the start of the season.

But some team execs were left to wonder whether that's a robust enough transition rule. As one said during a recent phone conversation -- that transition rule is fine for this season, but what about next year?

The salary cap would still be in the low-$60 million range next year, and the ability to exceed it would disappear.

continued (normally a paid sub. but open right now)

added 10:24am, I just noticed this article is a week old, still relevant but old, sorry.

Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
 

Comments

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There aren’t going to be very many teams with 60+ mil committed in 2 years.

If you look at the top 5 current teams in terms of spending there aren’t any, and the highest is Philly at just over 57 mil.

If it turns out to be a big ol’ disaster, based on those numbers above I doubt it but just in case, add a temporary codicil that league minimum contracts don’t count against the cap through 2015 as long as the overall salary amount doesn’t increase.

That way teams can still fill out their rosters with crap without having to go over the limit in the event they got screwed up by having a couple heavy cap hits lingering.

Posted by HockeyinHD on 11/15/12 at 11:51 AM ET

Paul From Cali's avatar

I’m starting to wonder if the NHL is dead?  The owners won’t budge.  The players are united against them.  The league is a financial and PR disaster.  Why even bother?  Just shut the whole thing down and hope a new league forms in the next few years.  This league is dead.

Posted by Paul From Cali on 11/15/12 at 12:24 PM ET

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My understanding was that this season was to be the transition year, and that by next season teams would have to be below the new $59.9 million cap. In that case, it’s much more of a problem.

I look at these negotiations as a Canucks fan with increasing alarm. Right now, the Canucks have $55 million committed for next season with 13 players signed. Gillis would have to pull off some magic not to get fleeced in trying to ice a complete team. Add to that the ridiculous notion of retroactive penalties for the currently perfectly legal back diving contracts, and I see a scenario where the Canucks are going to be hampered for years to come.

Posted by thos_pratt on 11/15/12 at 12:39 PM ET

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This league is dead.

Nah.  The NHL didn’t miss a beat from the last lockout and they are unlikely to miss much of a beat from this one either.

That’s one of the upsides of being a fringe sport.  The people who love the sport are going to come right back and the people who don’t care (which is most people) continue to not care.

Posted by HockeyinHD on 11/15/12 at 12:41 PM ET

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I look at these negotiations as a Canucks fan with increasing alarm. Right now, the Canucks have $55 million committed for next season with 13 players signed. Gillis would have to pull off some magic not to get fleeced in trying to ice a complete team.

Nah.  5 of their top 6 and their whole top 4 is signed, as well as two goalies.

All he’d have to do is trade one of his goalies (which he is going to do anyway) and he won’t have any real cap problems.  Most of the people he’d be replacing are only 2 mil or less guys anyway.

Posted by HockeyinHD on 11/15/12 at 12:47 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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