Marc Savard will stay on the LITR until his contract runs out in 5 years.
He was supposed to get paid $6.5M this last season and 5M next year. There is one vote to accept whatever the owners offer to stay off strike? (would his LITR payments stop during the work stoppage?)
If some Dr. says that he is concussion free and ready to resume his NHL career at age 36 the Bruins might have to injury him in training camp as if he retires they would lose 8-9 M of future cap space.
When Chara retires in 4 years at age 40 the Bruins will have few million knocked off their cap.
Can anyone explain how the signing bonuses impact the cap.
Look at
Erhoff's and
Chara's contracts.
It seems that Buffalo was able to get Erhoff 40M in salary plus
13M in signing bonus for a 4M cap hit over 10 years.
For Chara the cap hit goes down in the last year of his contract to 4M..... his actual salary should he be playing at age 42.
His salary 45.5 = his total cap hit but his cap hit is 6.916M for 6 years and then 4M for the last year. Why wouldn't his cap hit be 6.5M for the whole 7 years?
Chara's contract seem to be somewhat ethical with spreading out the cap hit a bit and a salary of 4M at age 42 rather than 1M.....