Quote:
Originally Posted by Monahammer
It may already have been firmly answered by someone who knows, but is there any potential in acquiring Eichel on LTIR and not having to make cap room for him? What are the conditions around that?
Could it be worked out that we trade someone to LTIR Eichel and then reacquire them?
I've been firmly on team Eichel since day 1, but if he's out for 5 months ish minimum, we need some bodies who have a chance at competing for most of the season still. Giving up one of Monahan or Tkachuk and then not having Eichel for most of the season would be nearly insurmountible imo.
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The CBA is a little vague about LTIR. My interpretation is that you can acquire Eichel without making the cap room for him. However, I don't remember the precedent of a player on LTIR being traded mid-season.
The idea is that once the medical staff of a team determines a player is unfit to play due to injury they can be placed on IR. If the player is expected to miss at least 10 games/24 days he can be placed on LTIR instead. This part will happen as soon as the player is acquired.
Now LTIR doesn't actually give a team capspace. Which is why I think that trading for Eichel would work. LTIR gives a team cap relief which is equal to the injured players salary minus cap space the team had. For the Flames we have a current cap hit of $81.2M, with a salary cap of $81.5M. With Eichel $10M on LTIR we would be able to spend up to $91.2M on the whole roster including Eichel.
This would place you with 0 cap space in the time of acquisition. Now lets say Richardson gets healthy and you send Ritchie($900k) and Stone($750k) to the AHL. In that case your cap hit goes down to $89.55M out of the available $91.2M leaving you with $1.65M of 'cap space'(EDIT: while Eichel is on LTIR). Finally, the only thing you can't use LTIR for for is to cover performance bonuses, and prevent them from sliding onto the next year.
Yeah so that pretty much everything I know about LTIR, hope it helps even though I got a little side-tracked.