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[Trade] Tim Thomas an Islander


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Thomas has been pretty adamant that he's only taking a year off, and wants to be involved in the 2014 Olympics. As funny as that sounds, considering his age, Tim has surprised everyone before.

So if he does come back, getting him for a 2nd rounder is a steal for the Islanders. If he doesn't, no pick, so doesn't cost them anything.

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Apparently only BOS gets a 2nd pick if Thomas reports to the NYI or is traded elsewhere. They can apparently even roll his contract over to next year and in perpetuity. He counts against the cap but does not get paid a dime.

This is a HUGE loop hole and one that GMMG can really use as trade leverage. There's no such thing as a cap reclamation if Luongo gets traded and rather than retire, simply walks away with a few years remaining on his deal. It could actually work as an advantage to cap floor teams that need to artificially get up to a minimum without actually having to pay real dollars.

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As much as I dislike Boston, it was BS they had $5m against their cap for a guy who isn't playing the entire year. Thomas really put his team in a bad situation.

So this is good for Boston.

As for NYI.... I really can see Wang just calling Thomas' contract every year and essentially having a cap floor $5m lower than everyone else.... :picard:

Still waiting on the 'hockey is more important than waterfront developments' clause in the new CBA.

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The Boston Bruins have traded goaltender Tim Thomas to the New York Islanders in exchange for a conditional second-round draft pick in 2014 or 2015.

The draft pick the Bruins acquired is conditional on Thomas reporting to the Islanders or to any other team in the event the Islanders should trade his rights elsewhere.

The move puts the Islanders above the cap floor and the team can choose to toll the contract so they can keep using the cap hit in perpetuity if Thomas doesn't come back, or just let his contract expire at the end of the season.

Boston, meanwhile, clears Thomas' contract from its books. Though he has taken the season off, Thomas' contract still counts towards the Bruins' salary cap obligations, since he is over the age of 35. Thomas announced last summer that he was taking a year off from hockey.

"We have acquired an asset for our organization," Islanders general manager Garth Snow said. "This acquisition allows us flexibility with our roster moving forward."

Bruins general manager Peter Chiarelli is expected to address the media about the trade at 6:15pm et Thursday.

Thomas is in the final year of his current contract, which carries a $5 million cap hit for the 2012-13 season. The no-movement clause that is a part of the deal expired July 1, 2012.

The 38-year-old went 35-19-1 with a 2.36 goals-against average and a .920 save percentage in 2011-12. In the playoffs, he had a 2.14 GAA and a .923 save percentage. Boston lost in seven games to Washington in the first round.

Thomas won the 2009 and 2011 Vezina Trophy, and has a 196-121-45 record and 2.48 GAA in 378 career games with the Bruins. In 50 postseason games, he holds a 29-21 mark with a 2.07 GAA. He won the 2011 Conn Smythe Trophy after leading Boston to its first Stanley Cup title since 1972.

A native of Flint, Michigan, Thomas was originally drafted by the Quebec Nordiques in the 11th round (217th overall) of the 1994 NHL Entry Draft. He was signed by the Bruins as a free agent prior to the 2005-06 season.

http://www.tsn.ca/nhl/story/?id=415479

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