First: For long-term contracts extending beyond the age of 40, the contract's average annual value for the years up to and including 40, are calculated by dividing total value in those years by the number of years up to and including 40. Then for the years covering ages 41 and beyond, the cap charge in each year is equal to the value of the contract in that year.
For example, when a 35-year old player agrees to a seven-year deal that expires when he's 42, the NHL would now take the first five years of the contract to age 40 and average them out. The total becomes the dollars divided by five years. That player's average annual salary would then become the cap hit.
His cap hit in the final two years of his deal would be the actual value of the contract in those seasons, therefore a cap hit of $525,000 for years six and seven of the deal.
Secondly, for long-term contracts that include years in which the player is 36, 37, 38, 39 and 40; the amount used for purposes of calculating his average annual value is a minimum of $1 million in each of those years (even if his actual compensation is less during those seasons).
As an example, a player signs the exact same seven-year deal discussed above, however the deal is signed at the age of 32 and is set to expire when the player reaches 39 years old. For that contract, the two seasons at $525,000 would remain, however they would be treated as years at $1 million for the purpose of calculating the appropriate cap charge.
These new rules will only apply to contracts negotiated and filed after Sept. 3. They do not apply retroactively to existing contracts, therefore long-term deals signed by the likes of Henrik Zetterberg and Rick DiPietro would remain unaffected by Friday's decision.
With expectations as high as they have ever been heading into the season, the Vancouver Canucks are looking to avoid any potential distractions that could derail their Cup hopes. For that reason, general manager Mike Gillis is set to meet with goaltender Roberto Luongo at some point next week to discuss whether the star goaltender will remain team captain or not.
Toronto Maple Leafs defenceman Tomas Kaberle played on offence Wednesday, telling reporters his relationship with head coach Ron Wilson is between them and does not involve his own father. "My father's opinion I can't control," he told a scrum at the team's practice facility.
sportsnet.ca: Sidney Crosby might have a career in baseball if hockey doesn't pan out. The Pittsburgh Penguins star and some of his teammates took batting practice at PNC Park on Wednesday afternoon, and Crosby managed to hit a home run at the major-league stadium.
Some of the veteran players who have already accepted invites to camp include: Kyle McLaren Atl Dan Fritsche CBJ Jon Cheechoo Dal Aaron Downey Det Tyler Arnason Fla Marcus Nilson NJ Kyle Wellwood Phx Eric Perrin TB Michael Ryan Phl
Here are some other UFAs still available who may still make a major impact this season after either signing a deal or accepting a camp invite: Paul Mara Jose Theodore Bill Guerin Patrick O'Sullivan Ryan Johnson Lukas Krajicek Mathieu Schneider Vesa Toskala Owen Nolan Garnet Exelby Scott Walker Evgeny Artyukhin Christoph Schubert Miro Satan Brendan Morrison Eric Belanger Jay McKee Slava Kozlov Anders Eriksson Mark Parrish Brian McGrattan Robert Lang MA Bergeron Mark Popovic Jere Lehtinen Ruslan Fedotenko Andreas Lilja Kyle Calder Jay Pandolfo Jason Williams Tom Preissing Dean McAmmond Andy Delmore Steve Begin Rory Fitzpatrick Stephane Veilleux Petteri Nokelainen Darcy Tucker Petr Sykora Manny Legace Tim Stapleton Jed Ortmeyer Marek Svatos Wayne Primeau
Zitat von H.M. MurdockWith expectations as high as they have ever been heading into the season, the Vancouver Canucks are looking to avoid any potential distractions that could derail their Cup hopes. For that reason, general manager Mike Gillis is set to meet with goaltender Roberto Luongo at some point next week to discuss whether the star goaltender will remain team captain or not.
The NHL has come down hard on the New Jersey Devils for deliberately circumventing the league's salary cap in their original attempt to sign forward Ilya Kovalchuk.
The league announced in a press release Monday that they have fined the Devils $3 million and that the club will forfeit their third-round draft choice in the 2011 NHL Entry Draft as well as a first-round draft choice in one of the next four NHL Entry Drafts.
It will be the Devils' decision which year they will forfeit the first round choice. They must advise the NHL of their decision by the day following the conclusion of the Stanley Cup Final in the calendar year in which the pick will be forfeited.