Quote:
Originally Posted by transplant99
Another thing about this deal...the Leafs get cap relief of Hortons contract, but that does not kick in until the season begins....meaning they cannot use that space until training camps etc are all done and although they can exceed the limit by 10% through the summer, they must be compliant before the season starts...which would have to include that 6 million tag.
|
My understanding is that a player can be placed on LTIR in order to make the team cap compliant on the first day of the season; they don't have to be compliant
before putting the player on LTIR. That, I believe, is how the Flyers have handled Pronger's cap hit.
So the Leafs can exceed the cap by 10% (about $7 million at present) during the off season, of which $6 million will be taken up by Horton's contract. Once the season starts, they can exceed the cap by the amount of Horton's contract.
The only things they give up are some flexibility to exceed the cap during the off season (which most teams don't use anyway), and the actual money to pay Horton with (which doesn't matter, because the Leafs have more money than they have any use for). In exchange, they get a mulligan on the idiotic contract they gave Clarkson. Sounds like a pretty sweet deal to me.