The trade deadline comes up on February 27th, in just over two weeks. Vancouver has some roster gaps we're going to hear a lot about in the coming weeks, but for the moment I wanted to take a stab at understanding the Canucks' salary cap status.Full Disclosure: I find anything to do with the CBA to be about as entertaining as watching my dog take a crap in the yard -- that is, I don't want to watch the process that closely, but I'm painfully aware that once in a while I need to clean it up.Understanding the salary cap at trade deadline is like needing to clean up the crap in the yard. (Wasn't that a charming metaphor? I've got a ton of 'em...)Anyway, for the love of God, don't rely on these figures for 100% accuracy. Consider whose blog you're reading... that would just be foolish of you.
Vancouver Canucks Salary Cap
-- US $44,200,000 2006/07 Salary Cap
-- US $43,495,865 Canucks Projected Spending 2006/07So this leaves the Canucks with around $700,000 spare change to spend under the salary cap at this point. And this is taking into account bonuses of $200,000 that the team may or may not have to pay, but doesn't necessarily take into account injury allowances. (i.e. I'm not quite sure if or how Ryan Kesler's injury time is factored into this for the remainder of the season, but I'm fairly certain that the figures I've got here don't include the extra salary-relief the Canucks should get for losing him.)Now, as I understand it, any player acquired by the trade deadline is factored into Vancouver's salary base, based on his projected earnings the rest of the season and league approved long-term injuries like Kesler's are subtracted from spending. This seems logical to me, but I'll admit I'm really not certain if that is true.*But if I am understanding this correctly (and without getting all picky about using calculators and such) I'm guessing that Kesler's injury affords us something like a $600,000 (???) adjustment under the cap -- he's not making it so we should be able to spend that elsewhere. If anyone knows different, or can explain this any clearer, please let me know.Assuming this is roughly correct, Vancouver is looking at about $1.3 million spending money on salary cap day.Update: Please be sure to read the comments to this post. J.J. adds his much-more informed opinion to the issue.
* I believe the salary cap adjustment kicks in for any team when a player misses 10 games and at least 24 days.
** Salary cap figures are taken from Irish Blues. Complete misinterpretations of of those figures are my responsibility alone.