Quote:
Originally Posted by killer_carlson
Actually, I think i've come up with something that is extremely close to circumventing the cap, but will work under the CBA.
Let's assume Hamilton wants long term @5.5 per. Let's also assume that we don't want to give him that because it mucks up our cap management going forward. We don't mind paying the number, but it's more of a cap management issue.
Hamilton is an RFA.
We do 2 contracts with him.
1st contract: 1 year, for the 2015/16 season. $9,million.
2nd contract: An extension to the first contract. We are allowed to sign an extension as of July 1st. The extension is a 5 year extension at an annual value of $4,250,000 per year, but it won't kick in until the 2016/17 season.
Hamilton then gets to put approximately $30,000,000 in his jeans over the next 6 years.
We have a huge contract for next season, but then longer term we have him at a much more manageable contract number for 5 years after that.
Win win. And I think it would be permitted by the CBA as well.
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That 1st contract worth 9M would dictate that we would have to qualify Hamilton at something worth 9+M, and if we didn't he would have the ability to go to free agency at the age of 23. Also, with RFAs, you can't extend them until the January prior to the expiration of his contract (whereas with pending UFAs, it's the July prior to the expiration of his contract)
Yeah, no.