Dowd to be a Devil

The Newark Star Ledger confirms that Jim Dowd is close to signing with NJ.

24 Responses to Dowd to be a Devil

  1. CrosbyMalkin66 says:

    This team must really not want Gionta back cause all they are doing is signing more players without giving him a contract… STUPID!!!

  2. Aetherial says:

    I just don’t get it with the Devils.

    Then again, they were in the same ridiculous boat last year and somehow managed to stay within the cap at the end… Maybe Lou knows something we don’t.

    What this *appears* to be is that they are filling out everything else in their roster and then looking at what they can trade away and what they will need in return.

    I can’t imagine them signing their remaining guys at the price these guys will be asking, when they are already over the cap!

  3. Lint07 says:

    they’re at what now, 65M$?

    Lou must be closing in on a major deal.

  4. kamullia says:

    I have been of the opinion for months, and in fact argued with two “Fantasy Gurus” (one who is still animate about the opposite), that Gionta was the most likely candidate out of New Jersey (although some other players will leave also). I think there is always a chance he stays, but I certainly would not put a paycheck on it.

    Now whether shipping Gionta, keeping him, or not letting him play can be argued whether it is in the Devils’ best interest, all the cryptic signs from Lamoriello to me point out that Gionta is the odd-man out.

  5. Iceman23 says:

    Again, everyone forgets that Malakhov AND Mogilny are still on the salary and can be dropped to easily free up some room.

  6. tancred says:

    I’m a Devils fan, and I don’t get it either. Its stressful! LOL I really don’t want to see Gionta go. I hope Lou does know something we all don’t, and has some trick up his sleeve to keep the core of the team intact.

  7. rangerrobb says:


  8. kamullia says:

    I have not been following the latest with the Devils. Are the two mentioned injured? As far as I understood that is the only way they could be dropped.

  9. krk181 says:

    how much do they have to drop to get under the cap?

  10. kamullia says:

    It is not a known and publicized number, but a personal site that has seems a pretty good ballpark figure puts the Devils at $ 43.424M at this point. That is without Dowd, Gionta, Martin, and Hale being signed, and considering Matvichuk, Wiemer, and McGillis off the books from injury or being in the minors. Malakhov and Mogilny are accounted on that total.

    Therefore you can say they are technically under the $44M total at this point, but with 7 players unnacounted and unable to play.

    Again, there could be erroneous information from that site, so take it with a grain of salt.

  11. goleafsgo1991 says:

    According to (which has only failed me once all summer), the Devils are at 46,463,000 in cap space. That includes Malakhov, Mogilny, Matvichuk, Weimer, and McGillis.

    As I believe, they can’t be more then 10% over the cap at any given time, which means 48.4 They would thus have a little under 2 million left for signings before they can’t sign anyone at all. So far, Matvhichuk (1,368,000) and Weimer (950,000) are both on the longterm disability list and as long as they are on it their current salaries do not count. That means, depending on how long they remain injured, a large chunk (even upto 30 or 40 percent from what the injury reports seem to show) they are in no IMMEDIATE danger in terms of cap troubles.

    They can exceed the cap by 10% during the season (or it may be 5% then) in terms of their overall year payroll, but as the salary cap just means they can’t give out more then 44.0 million dollars in paychecks this year. They could give out half of it in October alone if they wanted to.

    Also, since McGillis, Mogilny, and Malakhov are all on 1-way contracts i BELIEVE they still do count towards the cap even if they are in the AHL. If Malakhov retired then his salary would only count against the cap if it provided for that in his contract or if the team decided to honour it (as TB did with Andreychuk).

    Current Roster: 12 forwards (1 injured), 5 defensemen (1 injured), 1 goalie

    They thus need to sign ATLEAST 1 forward, 1 defenfeman and a goalie. They also might promote a forward such as Niklas Bergfors or Barry Tallackson. It hs been rumoured that Zach’s brother, goalie Jordan Parise, might be in line for Brodeur’s back-up job.

    I would estimate based on recent contracts that Gionta would want around 3.5 million (though if he was greedy he’d have cause to want upwards to 5 million), and Martin and Hale each between 1 and 1.2 million. That means a total cost of, say, 5.5 million.


    1.0 (injury deductions)

    – 3.6 (Malakhov retires)

    = 41.9


    + 5.5

    = 47.4

    That would mean that SOMETIME during the season the devils need to move 3.4 million dollars of salary. That could mean moving one big salary early on, or else moving numerous small salaries at the deadline.

    POSSIBLE players going could me Mogilny (3.5), McGillis & Brylin (3.72), Lukowich & Madden (who I think is the most grossly overpaid forward in the history of the Devils) (3.926), etc

    Here is the link

  12. NjDEVSFN says:

    McGillis is on a 1 way contract but as long as he passes through waivers with no takers, the Devils are off the hook for his salary from a CAP perspective.

    Madden is NOT the most overpaid forward in Devils history. His job is TO KEEP THE OTHER TEAM’S BEST FORWARDS FROM SCORING!

    If he was PAID TO SCORE then yes, very overpaid.

  13. mojo19 says:

    McGillis’ contract would count against the cap even if he cleared waivers.

  14. kamullia says:

    Can you further explain the 10% and 5% figures you are talking about as far as going over the cap? I really want to know if there is actually other ways to exceed the cap, if any.

    I have not read the entire CBA, but I did read the section on Accounting Practices 50.5(c) and for the Upper Limits it states only two possible exceptions to exceed the averaged team salary cap:

    1. Bona fide long-term injury/illness. In which case the averaged salary comes right off and there is no limit on how much over the cap it can go for this cir*****stances
    2. 10% limit over the cap from July 1st up to and including the last day of training camp. However, the day after training camp ends, the limit goes back down to the actual cap, and therefore you must be at the cap limit the day after training camp (and hence during the entire season).

    There is a possibility to somewhat exceed the cap during the season while acquiring players, but in the end is just a cosmetic procedure and you still have to adhere to the ac*****ulated cap limit for the entire year:

      Basically suppose the cap is $40M and the team already has $39M against the cap and they want to acquire a player right at the middle of the season whose hit is $2M against the cap for the entire year. Since he is being acquired at mid-season, it is basically said that only 1/2 of his hit against the cap ($1M) should count because he will only play for the team for half a season. Hence on paper it would look like the team has $41M and is over the cap, but you have to take into account that one acquired player who only played part of the season for them to understand that they are still adhering to the $40M ceiling for the year of this example.

    Other than these above, I have not corroborated actual true ways of being above the upper limit. Anyone feel free to jump in if you know about other factual ways.

  15. kamullia says:

    By the way, I have not actually read this on the CBA itself, but several people have assured me that there is a provision in it about retirement and an age requirement that would make Malakhov’s contract count against the cap. Apparently if you are over a certain age your averaged salary still counts against the cap, even if the team is not actually paying you.

    This basically contradicts what you mention about Malakhov’s not counting against the cap if he retires. But again, I am just passing the information as it was given to me.

  16. kamullia says:

    FYI…I did find this in the CBA. It is in 50.5(d), and what it says is that if a player is in a multi-year contract and is past the first year of such contract, and the contract was signed by the player when he was 35 or older; that regardless of whether he plays with the team or not, or whether he is paid by the team or not, that the average of his contract does count against the cap for the remainder of the contract.


    So if all of those applies to Malakhov then he would count against the cap.

  17. Aussierules says:

    Say good bye to Brylin. Possibly to Montreal, as they have reportedly been talking.

  18. Iceman23 says:

    You all are aware that the saray cap went up $5 million per team this year correct? So it’s no longer $44 mill per team, it’s $49 mill now. And if everything I’m hearing about their place in the cap is accurate, they’re fine even after signing everyone. They have some options and room to work.

  19. Iceman23 says:

    Sorry, misspelled salary.

  20. Fightinghellfish says:

    Are you aware that the cap was 39 last year? So Ad 5 mill to that brainiac

  21. Iceman23 says:

    Well, if you’re gonna be a jack off about it, screw you.

    I was thinking it was already $44. Either way you all need to realize the lines aren’t going to change much from what the team was last year. I can almost guarantee Gionta isn’t going anywhere. In fact, I heard he was signed way before Gomez was, so that whole thing confuses me.

  22. kamullia says:

    He probably meant if he cleared waivers AND is sent to the minors.

  23. wedge says:

    No…last year the cap was 39 mil…this year is 44 mil ( up 5 mil from last year)

    And I don’t think you are allowed to be over the cap at all after the official start date of the season.

    You are allowed to be a certain % above before that time, but afterward…No, ah-ah.

  24. Iceman23 says:

    Yeah, you’re allowed to be 10% over during the off season, but have to be on or below by opening day.

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