Kukla's Korner

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Devils HAve Cap Issues

from the NY Post,
Lou Lamoriello is believed to be working feverishly to trade some veterans for draft picks. Failing that, it would appear that waiving — and probably waving goodbye to — several players is his most likely solution. Players in the minors don't count toward the cap, even if on one-way contracts. Unless Lamoriello delivers a miracle, he will have to cut his payroll some $1.77 million by Oct. 1 to come under the NHL's $39 million salary cap. He has promised to comply. Trading partners may be few, facing their own cap constraints while hoping to grab down-going players for the minimal waiver price instead of yielding draft picks. Should the Devils later recall any vets who went unclaimed at full salary on the way down to Albany, other teams could claim them on their way up and only have to pay half their remaining salary, with the Devils paying the other half. And — get this — the Devils' half of the claimed recall's salary would count against New Jersey's cap, this for a player they no longer own. Should a recall go unclaimed by others, the Devils, of course, would then have to pay all the remaining salary, which would all count toward the cap.

more (reg. req.)

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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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