Leafs Salary Cap Thread

[T.O]

LAST UPDATED: January 23, 2009

#	POSITION	PLAYER NAME	AGE	LEAFS CAP HIT	YEARS LEFT	% OF CAP	WAIVER EXEMPT
1	D	Pavel Kubina	31	5,000,000	2	8.818%	NO
2	D	Tomas Kaberle	30	4,250,000	3	7.496%	NO
3	RW	Jason Blake	34	4,000,000	4	7.055%	NO
4	G	Vesa Toskala	30	4,000,000	2	7.055%	NO
5	D	Jeff Finger	28	3,500,000	4	6.173%	NO
6	LW	Niklas Hagman	28	3,000,000	4	5.291%	NO
7	D	Mike Van Ryn	29	2,900,000	2	5.115%	NO
8	RW	Lee Stempniak	25	2,500,000	2	4.409%	NO
9	D	Luke Schenn	18	2,225,000	3	3.924%	N/A
10	LW	Alexei Ponikarovsky	28	2,105,000	1	3.713%	NO
11	RW	Nik Antropov	28	2,050,000	1	3.616%	NO
12	C	Matt Stajan	24	1,750,000	2	3.086%	NO
13	LW	Nikolai Kulemin	21	1,487,500	2	2.623%	YES
14	RW	Jamal Mayers	33	1,333,333	2	2.352%	NO
15	D	Jonas Frogren	27	1,065,000*	2	1.878%	YES
16	C	Dominic Moore	27	900,000	1	1.587%	NO
17	RW	Jiri Tlusty (minors)	20	855,000	2	1.508%	YES
18	D	Ian White	24	850,000	2	1.499%	NO
19	C	Mikhail Grabovski	24	850,000	1	1.499%	YES
20	D	Anton Stralman	21	731,667	2	1.290%	YES
21	G	Curtis Joseph	41	700,000	1	1.235%	NO
22	LW	Ryan Hollweg	25	512,500	1	0.904%	NO
23	C	John Mitchell	23	487,500	2	0.860%	NO
24	RW	Jeremy Williams	24	487,500	1	0.860%	NO
25	C	Andre Deveaux	24	480,000	1	0.847%	YES
26	Buyout	Darcy Tucker	-	1,000,000	6	1.763%	-
27	Buyout	Andrew Raycroft	-	533,333	2	0.941%	-

2008-09 NHL SALARY CAP	56,700,000
TOTAL CAP HIT	49,335,833**
CAP SPACE LEFT	7,364,167**
CAP SPACE COMMITTED 09/10	44,256,666

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[T.O]

CONTRACT BUYOUTS

Teams were given a one-time chance to buy-out players for 2/3rds of the remaining value of the contract between July 23 and July 29, 2005 without the buy-out counting against the salary cap. In future years, teams may still buy-out player contracts for a portion of the remaining value of the contract paid over twice the remaining length of the contract. If the player is
-- Under the age of 26 at the time of termination, the buyout amount is 1/3rd the remaining value
-- 26 or older at the time of termination, the buyout amount is 2/3rd the remaining value.

This is set forth in 13(d) of the Standard Player Contract (Exhibit 1 in the CBA). The remainder of this explanation applies to buyouts that took place after July 29, 2005, and assumes the player was not 35 or older when signing his SPC (in which case a buyout does not reduce the cap hit).

When a player is bought out, the team still takes a cap hit for the player over twice the remaining length of the contract. The amount of the cap hit (by year) is determined as follows:

1. Take the actual salary due for each remaining year.
2. Take the Averaged Player Salary (cap hit) for the current contract
3. Calculate the buy-out amount (as described above)
4. Spread the buy-out amount evenly over twice the remaining years of the contract
5. Take the number in #1 and subtract the number in #4. This is the “buyout savings”.
6. Take the cap hit from #2 and subtract the buyout savings from #5.

NOTE: This calculation has to be done for each year - meaning that the cap hit on a buyout will not necessarily be the same for all years (see examples below). It can even be negative (meaning the team gets a credit). However, it’s critical to have the correct information for #1 and #2 to get the correct cap hit. The cap hit on a buyout is only the same for all affected years if the remaining yearly salary is the same for all years. If it varies, then the cap hit on a buyout will vary.

100 PERCENT RULE

Article 50.7: The difference between the stated Player Salary and Bonuses in the first two League Years of an SPC cannot exceed the amount of the lower of the two League Years. Thereafter, in all subsequent League Years of the SPC, (i) any increase in Player Salary and Bonuses from one League Year to another may not exceed the amount of the lower of the first two League Years of the SPC (or, if such amounts are the same, that same amount); and (ii) any decrease in Player Salary and Bonuses from one League Year to another may not exceed 50 percent of the Player Salary and Bonuses of the lower of the first two League Years of the SPC (or, if such amounts are the same, 50 percent of the same amount).

Example 1: An SPC provides for $2M in Year 1. The player can earn up to $4M in Year 2 and up to $6M in Year 3, but not less than $1M in Year 2 and not less than $500K in Year 3.

Example 2: An SPC provides for $1M in Year 1 and $2M in Year 2. The lower of these two amounts is $1M, so Year 3 cannot provide for more than $3M or less than $1.5M.

Example 3: An SPC provides for $1M in Year 1 and $1M in Year 2. The lower of these two amounts is $1M, so Year 3 cannot provide for more than $2M or less than $500K.

Example 4: An SPC provides for $750K in Year 1 and $1.1M in Year 2. The lower of these two amounts is $750K, so Year 3 cannot provide for more than $1.85M or less than $725K.

Example 5: An SPC provides for $2.5M in Year 1 and $1.5M in Year 2. The lower of these two amounts is $1.5M, so Year 3 cannot provide for more than $3M, nor less than $750K.

NOTE: this does not mean "change in salary is limited to 50% of the prior year's salary" - it's 50 percent of the lower of the first 2 years of an SPC. This means that a team cannot sign a player to a contract averaging $4 million per year by making the 1st year $16 million, and the other 4 years $1 million (or anything else that looks like this) - because it's a violation of the 100 Percent Rule. It does mean that a team can sign a player to a contract averaging $4 million per year by structuring it as $8 million, $6 million, $4 million, $1 million, and $1 million.

[Dr. John Cockwalrus]

That Finger contract makes me want to put strychnine in Fletcher's Metamucil.

[Transplanted Caper]

Originally Posted by Dr. John Cockwalrus

That Finger contract makes me want to put strychnine in Fletcher's Metamucil.

There's no reason for him, I hate the deal. Frogren brings what Finger does. Really bad signing. Anyways, the Blake deal is worse, although his play the last 25 games makes me happy. Gives us a reason to hold onto him another year or two before re-evaluating the buyout option. It certainly looked like he was headed to a buyout back in Nov.

[T.O]

I've removed portions from the main post to change it back to the way I had it last season. If there is anything you want added/removed to the main post (New updates, new columns, more info, links, etc) just post it here.

I'll subscribe to this thread for quick notification.

[Dr. John Cockwalrus]

Originally Posted by Transplanted Caper

There's no reason for him, I hate the deal. Frogren brings what Finger does. Really bad signing. Anyways, the Blake deal is worse, although his play the last 25 games makes me happy. Gives us a reason to hold onto him another year or two before re-evaluating the buyout option. It certainly looked like he was headed to a buyout back in Nov.

As terrible as the Blake deal is, it actually makes more sense than the Finger deal.

They are both equally shitty, however.

[T.O]

Originally Posted by Dr. John Cockwalrus

As terrible as the Blake deal is, it actually makes more sense than the Finger deal.

They are both equally shitty, however.

Agreed.

It's impossible to now (after this amount of games) argue otherwise.

Oh well

[Transplanted Caper]

Originally Posted by T.O

Agreed.

It's impossible to now (after this amount of games) argue otherwise.

Oh well

Well ya, definitely still a shitty deal, but with the cap not really being an issue next season more likely than not, Blake has been serviceable enough to keep around rather than try and get into another extended buy-out.

[T.O]

Originally Posted by Transplanted Caper

Well ya, definitely still a shitty deal, but with the cap not really being an issue next season more likely than not, Blake has been serviceable enough to keep around rather than try and get into another extended buy-out.

I'm keeping my fingers crossed on that one. Hopefully by some miracle Blake can live up to his entire contract (or 2/3's of it) Burke will have dodged a bullet.

[Transplanted Caper]

Originally Posted by T.O

I'm keeping my fingers crossed on that one. Hopefully by some miracle Blake can live up to his entire contract (or 2/3's of it) Burke will have dodged a bullet.

I think Blake, when playing the way he has, is actually a Burke-type player. Glad BB became available, because I think Fletcher was going to buy him out if he was still in the GM's chair in the summer of 2009.

[Dr. John Cockwalrus]

Originally Posted by Transplanted Caper

Well ya, definitely still a shitty deal, but with the cap not really being an issue next season more likely than not, Blake has been serviceable enough to keep around rather than try and get into another extended buy-out.

We wouldn't get anything for Blake anyways except another bad, non-expiring contract, so I'm not interested in trading Blake for now.

[T.O]

Originally Posted by Transplanted Caper

I think Blake, when playing the way he has, is actually a Burke-type player. Glad BB became available, because I think Fletcher was going to buy him out if he was still in the GM's chair in the summer of 2009.

I was a big proponent of Fletch when he signed on here but when you review the entire list of moves since he's been here. Urgg.

Extremely average at best (if that).

[Dr. John Cockwalrus]

Originally Posted by T.O

I was a big proponent of Fletch when he signed on here but when you review the entire list of moves since he's been here. Urgg.

Extremely average at best (if that).

I gave him a chance, because I abhorred the JFJ regime.

But he hasn't been a whole lot better IMO.

[T.O]

Originally Posted by Transplanted Caper

I think Blake, when playing the way he has, is actually a Burke-type player. Glad BB became available, because I think Fletcher was going to buy him out if he was still in the GM's chair in the summer of 2009.

Originally Posted by Dr. John Cockwalrus

I gave him a chance, because I abhorred the JFJ regime.

But he hasn't been a whole lot better IMO.

I doubt we're the only ones.

Burke talks a big game and loves to send mixed messages through the media but we'll see what Burkey is able to pull off before the deadline.

[Dr. John Cockwalrus]

Originally Posted by T.O

I doubt we're the only ones.

Burke talks a big game and loves to send mixed messages through the media but we'll see what Burkey is able to pull off before the deadline.

Agreed.

I'm giving Burke the benefit of the doubt right now, but I expect us to be very active in early March, and if we're not, I'll be furious.

[T.O]

TOTAL CONTRACT LIST

Goalies

1). Vesa Toskala
2). Curtis Joseph
3). Justin Pogge
4). James Reimer

Defense

1). Tomas Kaberle
2). Pavel Kubina
3). Luke Schenn
4). Mike Van Ryn
5). Jeff Finger
6). Ian White
7). Jonas Frogren
8). Jaime Sifers
----- AHL ------------
9). Anton Stralman
10). Phil Oreskovic
11). Richard Petiot

Forwards
1). Nik Antropov
2). Matt Stajan
3). Alexei Ponikarovsky
4). Niklas Hagman
5). Mikhail Grabovski
6). Nikolai Kulemin
7.) Jason Blake
8). Dominic Moore
9). Lee Stempniak
10). Jamal Mayers
11). John Mitchell
12). Brad May
13). Boyd Devereaux
------- AHL -------------
14). Jiri Tlusty
15). Jeremy Williams
16). Tim Stapleton
17). Ryan Hamilton
18). Mark Bell
19). Bates Battaglia
20). Alex Foster
21). Darryl Boyce
22). Kris Newbury
23). Ben Ondrus
24). Kyle Rogers
25). Andre Deveaux
26). Brent Aubin
27). Stefano Giliati
28). Ryan Hollweg
---------CHL ------------
29). Dale Mitchell
30). Greg Scott

45 NHL contracts out of a possible 50.