This is confusing to me. Is he getting a guaranteed payout of $18 million to play hockey for 3 years or not?
I don't see why the cap shouldn't be be calculated using the same method of total $$$ divided by years of service. I didn't like it when the Canes did it with Jarvis either, even though his deferred payment comes in the day after his contract expires and only saves them ~$500k per year.
My other question is if he is being taxed on $3 million in earnings each year, or is the team paying him $4.57 million on paper and then deducting the $1.57 million and putting it aside? I think that is what is being implied, but is that in fact what is happening?
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