poetica Posted January 8, 2013 Share Posted January 8, 2013 Found another article at ESPN that says teams keep both half the cap hit and half the salary. RETAINING SALARY IN TRADES This was Brian Burke’s baby, an idea he pushed for years at GM meetings. Under the old CBA, teams could not absorb any part of a salary from a player they were trading -- unlike baseball for example. But in this new agreement, teams will be able to do that. Here are the main parameters of the rule: A club cannot absorb more than 50 percent of the players’ annual cap hit/salary in any trade. Any NHL club can only have up to three contracts on their payroll in which the contract was traded away under the retaining salary proviso. Also, only up to 15 percent of your upper limit cap amount can be used up by the money you have retained in trades. For example, let’s say the Maple Leafs want to trade little-used blueliner Mike Komisarek and his $4.5-million cap hit ($3.5 million salary this year) to the New York Islanders (hypothetically). The Leafs could retain half the cap hit -- $2.25 million -- and half the salary -- $1.75 million -- in order to facilitate the deal. The Islanders would pay him the other half. This should facilitate more trades around the league, no question. Link to comment Share on other sites More sharing options...
WHL rocks Posted January 8, 2013 Share Posted January 8, 2013 In fairness, that was the only part I actually quoted in my post. Link to comment Share on other sites More sharing options...
DeNiro Posted January 8, 2013 Share Posted January 8, 2013 So did anyone figure out if this helps us or hurts us in a trade. There's no way we would wanna keep half of Luongo's cap hit. That wouldn't make sense. The only way it would help us is if we could trade his whole cap hit, but pay half of his salary. Link to comment Share on other sites More sharing options...
poetica Posted January 8, 2013 Share Posted January 8, 2013 relax. Neither I nor you wrote the articles. Link to comment Share on other sites More sharing options...
poetica Posted January 8, 2013 Share Posted January 8, 2013 As far as I've been able to gather cap space and salary are tied. A team can NOT keep cap space only, or vise versa a team can NOT retain salary only. What I'm thinking as circumvention loophole GM's might look at is since you are allowed to sign your player for 8 years vs 7 for other teams UFA a player, his current team and prospective team may all agree to sign a player to 8 years and trade him to where he wants to go. Link to comment Share on other sites More sharing options...
WHL rocks Posted January 8, 2013 Share Posted January 8, 2013 So did anyone figure out if this helps us or hurts us in a trade. There's no way we would wanna keep half of Luongo's cap hit. That wouldn't make sense. The only way it would help us is if we could trade his whole cap hit, but pay half of his salary. Link to comment Share on other sites More sharing options...
DeNiro Posted January 8, 2013 Share Posted January 8, 2013 I don't think this rule affects Luongo's potential trade at all. I think this rule could be used by the NYR in getting a trade done for Wade Redden. With the new CBA Wade Redden can no longer be buried in the minors. His contract will count toward the NYR cap. What they may do is eat part of the salary and cap and trade Redden. Say NYI are willing to take Redden at $4 mill salary, NYR could eat the balance of Redden's contract and Cap above $4 mill. Link to comment Share on other sites More sharing options...
WHL rocks Posted January 8, 2013 Share Posted January 8, 2013 Yeah, the ESPN article seems to indicate that teams keep both cap hit and salary. So, like I said before, it seems to only be useful for moving high pay players to low rent markets. Basically, voluntary welfare. Link to comment Share on other sites More sharing options...
WHL rocks Posted January 8, 2013 Share Posted January 8, 2013 So a team can retain half of a players salary and cap? Is that the max percentage? So lets say if the Leafs wanted to trade Komisarek in a Luongo deal. Could they retain half of his cap hit and salary, and make it so we get him for 2.25 mil? Link to comment Share on other sites More sharing options...
DeNiro Posted January 8, 2013 Share Posted January 8, 2013 Hmm, Komisarek looks alot more attractive at 2.25. Maybe he could be thrown in to sweeten the deal. Hamhuis Bieksa Edler Garrison Ballard Komisarek Tanev, Alberts That would pretty much round out our D, and give us enough depth to counter injuries. Link to comment Share on other sites More sharing options...
elvis15 Posted January 8, 2013 Share Posted January 8, 2013 Found another article at ESPN that says teams keep both half the cap hit and half the salary. Source: http://espn.go.com/b...ore-cba-details Link to comment Share on other sites More sharing options...
-Vintage Canuck- Posted January 8, 2013 Share Posted January 8, 2013 @reporterchris The NHL and NHLPA are still working on a memorandum of understanding. There's a chance it gets done tonight. Link to comment Share on other sites More sharing options...
elvis15 Posted January 8, 2013 Share Posted January 8, 2013 The sooner that gets out, the sooner the players can vote and the CBA becomes official. Link to comment Share on other sites More sharing options...
-Vintage Canuck- Posted January 9, 2013 Share Posted January 9, 2013 @David_Strehle Seravalli saying #Flyers could open 2013 schedule with home & home with #Penguins. That's league's way of trying to instantly get fans back. Awesome! Link to comment Share on other sites More sharing options...
-Vintage Canuck- Posted January 9, 2013 Share Posted January 9, 2013 @andystrickland NHLPA sources say ratification process may not concludeuntil Saturday which means training camps wouldn't open until Sunday Link to comment Share on other sites More sharing options...
DeNiro Posted January 9, 2013 Share Posted January 9, 2013 ^^ Nice. I could see home and homes being alot more common this season. I bet the Canucks start the season off with a home and home against the Flames. Link to comment Share on other sites More sharing options...
poetica Posted January 9, 2013 Share Posted January 9, 2013 Granted I'm not having the best day today for concentration and comprehension, but then the wording of this one has both cap hit and salary noted as relating to the 50%, where others say contract, and others still say only salary. If both are options at 50% versus just one, can they be done independently or do they have to be linked? That's become a part of the discussion this page and is some of the content I'm finding is not so clear yet. The 15% is a secondary qualifier along with the 3 max contracts using that clause at one time just to make sure all the cap sharing is kept within a certain amount of whatever the cap is at the time. Link to comment Share on other sites More sharing options...
elvis15 Posted January 9, 2013 Share Posted January 9, 2013 Here's a wild one after speculation about Russian players staying overseas: @IgorKleyner KHL pres makes case existing NHL contracts may not be binding because under new CBA, thus players may walk @slavamalamud And more Medvedev. "Our league will act according to our own and international rules. If players decide to stay, we will help them." Link to comment Share on other sites More sharing options...
Kyosama Posted January 9, 2013 Share Posted January 9, 2013 http://www.winnipegfreepress.com/sports/hockey/jets/Jets-to-host-Sens-Jan-19-186099442.html Jets first game Jan 19th at 1:30 against Ottawa. I imagine that's local time. Link to comment Share on other sites More sharing options...
theminister Posted January 9, 2013 Share Posted January 9, 2013 If the retained/traded cap hit does not equal the same in salary, regardless of what percentage is agreed upon, then that is the most convoluted and ridiculous rule I've ever heard of.... for anything. Link to comment Share on other sites More sharing options...
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