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[Signing] Oilers re-sign Jesse Puljujarvi


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14 minutes ago, HKSR said:

So the Oilers are at $85M on the cap with Yamamoto and McLeod to re-sign.  Something has gotta give there, no?

They have Klefbom's LTIR and Smith's potential for retirement/LTIR that could potentially give them an additional $6.4M. They only have 19 players signed so it will be difficult for them in any event.

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25 minutes ago, Rick Blight said:

They have Klefbom's LTIR and Smith's potential for retirement/LTIR that could potentially give them an additional $6.4M. They only have 19 players signed so it will be difficult for them in any event.

They're not LTIR though... just IR.

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3M$ for a 0.4PPG player, no wonder the Oilers have no depth and cap problem.

 

Geez, the guy is a bust, trade him for a 4th rounder and move on Holland.  Does he really think he'll get any value in return for him or that he will finally figure things out at the NHL level?  This ship has sailed.

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4 minutes ago, timberz21 said:

3M$ for a 0.4PPG player, no wonder the Oilers have no depth and cap problem.

 

Geez, the guy is a bust, trade him for a 4th rounder and move on Holland.  Does he really think he'll get any value in return for him or that he will finally figure things out at the NHL level?  This ship has sailed.

I think they can get some value but it all seems strange. Why sign a RFA to 3M just to trade him? They could have traded him as is and let the next team negotiate a potentially longer deal if they want to?

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1 minute ago, Alflives said:

No more Benning GMs offering up second round picks for the Baetchi, Vey, and Poolparty types. 

seems like it. At.3 mil the Soilers may have to take a contract back if they want to move the pumpkin head. 

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3 hours ago, Rick Blight said:

They have Klefbom's LTIR and Smith's potential for retirement/LTIR that could potentially give them an additional $6.4M. They only have 19 players signed so it will be difficult for them in any event.

just wrong. it gives them no additional space.

 

Again folks LTIR is not a bonus it's a hinderance.

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10 minutes ago, Petey_BOI said:

just wrong. it gives them no additional space.

 

Again folks LTIR is not a bonus it's a hinderance.

Not claiming it is a bonus. The simple fact is that Klefbom's salary of $4,167,000 and Smith's salary of $2,200,000 are included in the Oiler's projected Cap Hit of $85,431,333. This currently means they are over the Salary Cap of $82.5M by $2,931,333.

 

If Smith does retire his salary will come off the $85,431,333 and their Cap hit would then be $83,231,333. If Klefbom is placed on LTIR prior to the start of the season, as expected, the Oilers would be able to exceed the Cap by up to $4,167,000 as long as he remains on LTIR. This is no different than the situation with Micheal Ferland on the Canucks where the Canucks currently show in excess of the Cap by $2.75M but will become Cap compliant when they place Ferland on LTIR prior to the start of the season.

Training-Camp Equation Example

The league upper limit is $69M. A team has an averaged club salary of $71M and a player with a cap hit of $5M ($5M cap hit, $0 in performance bonuses) becomes injured and the team places him on LTIR. The LTIR relief pools are calculated as follows:
  1. Team cap hit = $71M
  2. ACSL = $71M - $5M = $66M
  3. LTIR relief:
    1. Base salary relief pool: $5M
    2. Performance bonus pool: $0

Once the team operates above $66M, they have $5M in salary relief, and $0 in performance bonus relief pools. When using the training camp formula, 100% of the relief pools are used when the player is initially placed on LTIR.

https://www.capfriendly.com/ltir-faq#exceed-limit-estimation

 

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