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Wild Dealing With The Salary Cap

from Michael Russo of the Star Tribune,

The NHL’s salary cap next year is $64.3 million. The Wild is being hit with a bonus overage of roughly $400,000 for exceeding the cap last year.

That means the Wild’s cap ceiling is about $63.9 million, probably less. Buffalo is picking up roughly $800,000 of Jason Pominville’s salary, but the Wild still has a $927,778 buyout charge for Mark Parrish. The Wild picked up Niederreiter, who makes $810,000 but technically has a cap hit of $2.795 million because of potential performance bonuses.

Teams can exceed the cap ceiling by 7.5 percent for all hypothetical entry-level bonuses. Oh, and remember, all teams can exceed the cap ceiling during the offseason by 10 percent until opening-night rosters must be submitted....

It’s clear Fletcher still is working the trade market. It wouldn’t be shocking if Devin Setoguchi, who is entering the last year of his contract, became expendable by Niederreiter’s acquisition. He has a $3 million cap hit. Could there be some way to trade Dany Heatley and his $7.5 million cap hit this summer? Seems doubtful, but his real money is $5 million. The Wild also still is trying to trade fourth-line center Zenon Konopka ($925,000).

And, defenseman Tom Gilbert might be a buyout casualty by Thursday. It would cost the Wild only $1 million the next two years in real dollars but would clear $4 million off the cap next season.

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Filed in: NHL Teams, Minnesota Wild, | KK Hockey | Permalink
 

Comments

Primis's avatar

I’m laughing.  I really am.

It’s HILARIOUS that Heatley got hurt in a scrum at the end of an already-decided late-season game and now can’t be bought out because of it.  It’s hilarious they added Suter and Parise, as well as Pominville, and it got them swept in the 1st round.

There’s nothing that isn’t hilarious about this all, because MIN is just the latest team to learn that deciding to spend to the cap in one season after being on a budget for years prior doesn’t actually gain you anything.

I really do hope they rot in Cap Hell for at least several years, unable to move their big salaries.  I hope within a year Suter begins getting depressed and actively wanting out..

There’s not much misfortune I don’t hope befalls the Wild.  Welcome to reality, b*tches…

Posted by Primis on 07/02/13 at 09:06 AM ET

SYF's avatar

Posted by Primis on 07/02/13 at 10:06 AM ET

Posted by SYF from Alana Blanchard's Bikinis and Surfboards on 07/02/13 at 12:17 PM ET

goon's avatar

Primis you sound bitter that Suter decided to go to Minnesota instead of Detroit. Wether you want to admit it or not, the Wild are on the cusp of being a first rate contender based on the young players the Wild have in their system.

Posted by goon from Grand Forks, ND on 07/02/13 at 01:56 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.

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