Category Archives: Misc Articles
RETAINING SALARY IN TRADES
This was Brian Burke’s baby, an idea he pushed for years at GM meetings. Under the old CBA, teams could not absorb any part of a salary from a player they were trading — unlike baseball for example.
But in this new agreement, teams will be able to do that.
Here are the main parameters of the rule: A club cannot absorb more than 50 percent of the players’ annual cap hit/salary in any trade. Any NHL club can only have up to three contracts on their payroll in which the contract was traded away under the retaining salary proviso. Also, only up to 15 percent of your upper limit cap amount can be used up by the money you have retained in trades.
For example, let’s say the Maple Leafs want to trade little-used blueliner Mike Komisarek and his $4.5-million cap hit ($3.5 million salary this year) to the New York Islanders (hypothetically). The Leafs could retain half the cap hit — $2.25 million — and half the salary — $1.75 million — in order to facilitate the deal. The Islanders would pay him the other half. This should facilitate more trades around the league, no question.
By … JoelLeafs
Well, the season is set to start with puck dropping around the league on the 15th. With that, I’m sure many of us are scrambling around to organize our fantasy leagues. In the spirit I thought we should have a discussion around the anticipated best of every position.
I’m making the assumption that we’re going off points, PPP, face offs, PIMs, hits, and the usual goalie stats.
Here’s my take:
The National Hockey League appears to be set on a tentative date for puck drop on Saturday, Jan. 19.
In a memo sent out on Sunday night, the NHL suggested that its expectation is to open camps as early as Saturday en route to a 48-game schedule that will commence seven days later.
“Depending on the timing of that process, and the NHLPA’s ratification process that is proceeding on a parallel track (although somewhat slower), we anticipate that Training Camps will open sometime between Saturday, January 12 and Monday, January 14,” read the memo.
Paul Maurice recently said he hoped to be back in coaching next season.
And he will be – in Russia.
Maurice, the former coach of the Carolina Hurricanes, has been given a one-year contract by Metallurg Magnitogorsk of the Kontinental Hockey League, it was announced Friday. Former Canes assistant coach and goaltending coach Tom Barrasso will join Maurice’s staff as an assistant.
Maurice was fired by the Hurricanes on Nov. 28 and replaced by Kirk Muller. The Canes, who were a victory shy of reaching the Stanley Cup playoffs in 2011, were 8-13-4 and in 14th place in the NHL’s Eastern Conference last fall when Muller was brought in as coach.
Maurice, 45, kept a low profile after the firing but said he and his family remained in Raleigh. He served as a guest analyst for the NHL Network and TSN during the playoffs.
Greg Jamison, the prospective owner of the Phoenix Coyotes, has not raised enough money to buy the team, sources have told Forbes.
Jamison is having a tough time getting the cash together to complete the $170-million purchase because investors doubt the potential to make a profit — even with a $15-million-a-year taxpayer subsidy.
City council will vote Friday on a deal in which Glendale, Ariz., would sign a 20-year management and lease deal and pay Jamison $15 million annually.