Quote:
Originally Posted by Jacks
That whole Toronto - Clarkson thing seems to have confused people about how LTIR works. Seems that every other person now thinks that you can just acquire LTIR contracts to exceed the cap. It can be confusing as hell though, I still don't know how the Clarkson thing worked.
|
I'm probably seven kinds of wrong on this and it will definitely be an oversimplification, but I thought it was because LTIR only gets you relief for the amount over cap that that contract puts you when you put them on LTIR. So if you are 2 million over cap, and put a 7 million AAV player on LTIR, then you only get 2 million cap relief. So what Toronto did was ensure they were right up to the cap, then put contracts on LTIR, to maximize their cap relief.