Quote:
Originally Posted by killer_carlson
Great thread here. Fantastic catch.
I still want more info as to the methodology of this. Is it to essentially reset the cap hit sans the missing lowball seasons?
Why does the penalty get greater the longer the player plays? I assume it is related to the benefit the team recieved year after year increasing, but am not sure.
There are going to be some big cheques cut this year...wow.
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This might help:
http://www.capgeek.com/new-cba/
CAP ADVANTAGE RECAPTURE (Roberto Luongo Rule)
Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more for contracts signed prior to the January 2013 CBA — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.
Following retirement/defection, the “advantage” will be “recaptured” and charged against the club’s cap in equal amounts each year until the contract expires. This penalty applies to any team that received a cap advantage from the contract — ie. a traded contract — except in the event that the trade occurred prior to the new CBA coming into place in January 2013.
Teams do not receive a credit for seasons with negative cap benefit (where cap hit exceeds salary), the league confirmed to CapGeek.com.
Please note, contracts that fall under the "over-35" rule do not qualify for cap benefit recapture, the NHL has confirmed.