For him to go on LTIR the league doctors will have to approve. If they do, it's not really fake.
The issue (not sure if it is an issue) is that it doesn't actually stop him from playing. It's just super painful, annoying, hard, etc. For 4 million he was willing to take that discomfort. For 1 million he isn't. Totally reasonable from a players perspective.
But does it really matter. There would be tons of non cap teams who would have taken Hossa at 1 million real salary. Chicago could have traded him tomorrow with no issue.
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