Red and Black Hockey
Entries with the tag: salary cap
Today, the NHL made official what we already knew. The salary cap for 2011-12 will be $64.3M and the floor will be $48.3M.
As of right now, the Hurricanes have 12 players under NHL contract for 2011-12, with a total cap payroll of $32,083,333. They’ve always been a thrifty team. Given their stance on (not) renewing Joni Pitkänen, the high probability of letting Chad LaRose walk and the possibility of letting either Jussi Jokinen or Erik Cole walk, it’s going to be tough to even reach the floor.
The Canes are going to have to spend some money to fill out the roster. They’ve already hinted at getting a real veteran goalie to backup Cam Ward. They’ll have to make some other acquisitions through free agency or trade, and it might be fun. I can’t even guess how that’s all going to pan out, but I can at least speculate on Carolina’s own free agents-to-be.
Although the Hurricanes are far from the most injured team in the NHL (Carolina has 57 man-games lost compared to 109 for the Canucks), they are starting to run into some cap issues. Carolina started the season a little over their own budget, but with plenty of room under the cap. That’s no longer the case.
To ease the strain, Carolina has placed Cam Ward on the Long Term Injured Reserve and has recalled Justin Peters from Albany. This allows a portion of Ward’s salary to be withheld from the cap hit. Presumably, this has been done retroactive to November 8.