Quote:
Originally Posted by Enoch Root
Again, the issue isn't with the time value of money, and whether the player is receiving an equivalent NPV.
The issue is with the cap. On an 8 year deal, there is no discounting on the amount. Here, they have added one day to the contract length, in order to discount $15.67M. This reduces the cap hit.
The moment you allow this, the cap is effectively dead.
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It's been allowed since the CBA was agreed to, so I suppose the cap was always effectively dead. It only hurts the owners and helps the players. The Hurricanes already did it with Slavin. It requires a player to be willing to accept deferred payments.
Brilliant move.