Quote:
Originally Posted by Geeoff
As I understand it LTIR players do have a cap hit, you can just replace their value when the season starts.
In the off-season, I believe that teams can go 10% over the cap, but that would include Callahan's salary. So that might mean that Tampa couldn't sign Brayden Point until October, if they still had Callahan?
|
Let's say with a cap of 81.5M and they are able to utilize Callahan's LTIR at 5.5M. If they put him on LTIR they can now go to 87M. However, as they are over the 81.5M cap they are never 'banking' cap hit.
If the team reaches 79.5M for their actual 23 man roster then:
With Callahan:
79.5+5.5=85M. Because they are over the cap they are not banking cap at all. When it gets to the trade deadline they could add 2M (87-85).
With Condon:
79.5+1.3=80.9M. Because they have been banking a pro-rated 0.6M cap hit, if we assume the trade deadline is roughly 4/5 of the season through they will be able to add salary that pro-rated would have a 0.6M cap hit (i.e. 0.6M/0.20) or 3M.
With Condon they can also do 'paper transactions' placing waiver-exempt players in the minors during breaks to save even more cap-space. The only way that would work with Callahan is if they are able to get below 81.5M and at 85M, it's not happening.
And finally with Callahan on the roster and not banking any cap-hit, any and all bonuses they payout would be deferred to next year. With Condon and being (slightly) below the cap they have about 1.5M in potential bonuses depending on the roster, more if Foote makes the team, they can use whatever cap they have remaining at the end of the year to pay for the bonuses deferring less to next season.
EDIT: Plus you get an actual player. If the other backups struggle, or Condon gets hot and a team becomes desperate they might be able to move him etc.
