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Originally Posted by Jay Random
Having reread the relevant section of the CBA, 50.10(d), I think this may be a misunderstanding on your part. They can exceed the cap by the cap hit of the player on LTIR, regardless of how much they are over on opening day. Some of the examples make this clearer, but the way they are written makes it a bit hard to follow.
That only follows if your interpretation of 50.10(d) is correct, which I believe not to be the case.
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Read CapGeek's explanation. It explains it better than I can:
https://web.archive.org/web/20141005...erve-LTIR-work
They give specific examples of teams shifting players between the AHL and NHL to maximize the exemption they'll be allowed to have. For instance last year Pittsburgh demoted Beau Bennett and recalled Harrison Ruopp and Chris Conner and named them to their opening day roster. That put the team $1.99M over the cap and at that point they placed Vokoun and his $2M cap hit on LTIR. Doing those moves allowed them to get within $10K of their full exemption. Once the opening day roster was named Roupp and Conner were demoted and Bennett was recalled.
Here's a whole article about their moves:
http://thehockeywriters.com/pittsbur...er-moves-2013/
If Pittsburgh could've simply gone over the cap by $2M regardless of their roster makeup at the time Vokoun was placed on LTIR then none of those moves would've needed to happen. In fact Pittsburgh even went to the trouble of assigning Bennett to the ECHL instead of the AHL because Wheeling is closer to Pittsburgh than Wilkes-Barre is which goes to show that these were cap transactions, not hockey ones.
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That didn't happen to either Chicago or Boston because of players on LTIR, though. It happened because they deliberately went over the cap by signing contracts with big bonuses, knowing that the excess cap hit could be deferred. Toronto will have just as much access to the ‘Performance Bonus Cushion’ as any other team. They'll just be in the position of needing it sooner.
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Yeah, but teams invariably have some cap space by the end of the season, or they can at least plan for that eventuality by saving some space up. Teams using LTIR cannot do that. If Toronto is using LTIR then 100% of achieved bonuses will get bumped to the next year. And since bonuses don't get included in LTIR exemption calculations (i.e. in order to get the full exemption the team must be at the cap without including bonuses) it can be extremely tough for a team using LTIR to not incur those penalties if they have players hitting bonuses.