Quote:
Originally Posted by DoubleF
Can I get a little clarification about the cap situation?
Grossmann was a 575k contract to reach the ceiling and maximize LTIR. Was this move one that gives us 1.15 mil in cap space? Or just 575k?
Let me explain what I'm thinking/confused about. If BT intended to sign Grossmann to send down, that's just wiping off 575k and a waste of money. But, if he did it to also maximize the LTIR, doesn't that mean he also gets another 575k that would not have been in excess of the cap ceiling for Smid's LTIR, if Grossmann was not on the roster at the beginning of the season?
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LTIR Cap Relief = Cap Hit of LTIR’d Player - (Salary Cap – Current Team Salary Total).
By signing Grossman, we increased the Current Team Salary Total so that the greatest amount of cap space resulted from this formula.
No Grossman:
$3,500,000 [Smid] - ($70,200,000 - $69,625,000) = $2,925,000 cap relief
With Grossman, we basically get the full $3.5M cap relief.