NHL Free Agency Frenzy

[GordonH]

All starts at 9am Pacific time TSN2
List of trades made since June 1 http://www.tsn.ca/tradecentre/feature/?id=11986
List of transaction since June 27 http://www.tsn.ca/nhl/transactions/

Cap for 2012-13: lower limit $44M, midpoint $52M, upper limit $60M (2012-13 season transition rules permit teams to spend up to $70.2M) 2013-14 Cap to be set at $64.3 million, may or may not be interesting day tomorrow.

So technically the cap is not really going down or up since 2011-12 season was set at 64.3 million
2005-06 Cap topped off @ 39 million
2006-07 Cap topped off @ 44 million
2007-08 Cap topped off @ 50.3 million
2008-09 Cap topped off @ 56.7 million
2009-10 Cap topped off @ 56.8 million
2010-11 Cap topped off @ 59.4 million
2011-12 Cap topped off @ 64.3 million
2012-13 Cap topped off @ 60.0 million (can spend 70.3 million prorated)
2013-14 Cap topped off @ 64.3 million

[GordonH]

The surprise of the day has Daniel Alfredsson leaving Ottawa to move to Detroit Red Wings.

Vancouver has picked up:
Yannick Weber
Brad Richardson

Moved on:
Guillaume Desbiens to Colorado

Here is complete list of all the transaction http://www.tsn.ca/nhl/feature/?id=25880

[GordonH]

So Vancouver still have some signing to do, RFA in Dale Weise & Chris Tanev. Vancouver has 5.69 mil in cap space.
They also have a number of UFA on the board I suspect a few of them will remain unsigned to a contract as in:
Derek Roy
Mason Raymond
Andrew Alberts

But anything may & can happen.

[JayByrd]

I'm awestruck at the dollars and years that David Clarkson (Toronto, $36.75m, 7 yrs, $5.25m AAV) and Ryane Clowe (New Jersey, $24.25m, 5 yrs, $4.25m AAV) were able to get. Continuing to prove that you don't offer a player what he's worth, you offer what it takes to get him.

[GordonH]

I'm awestruck at the dollars and years that David Clarkson (Toronto, $36.75m, 7 yrs, $5.25m AAV) and Ryane Clowe (New Jersey, $24.25m, 5 yrs, $4.25m AAV) were able to get. Continuing to prove that you don't offer a player what he's worth, you offer what it takes to get him.

Totally JayByrd

I'm not a fan of long contracts, maximum for me is 5 years.

[GordonH]

So Boston signed Tuukka Rask to 8 year 56 million contract, which has now cause them to be $1,361,310 over the Cap.

I've said it a number of times I'm not into any contract over 5 years

[GordonH]

$6,666,667 hit to New Jersey Devil cap has been removed by the announcement that Ilya Kovalchuk's is retiring. In doing so he is walking away from remaining 12 years of a 15 year contract equaling 77 million.

2013-14 salary $11,300,000...... cap hit $6,666,667
2014-15 salary $11,300,000...... cap hit $6,666,667
2015-16 salary $11,600,000...... cap hit $6,666,667
2016-17 salary $11,800,000...... cap hit $6,666,667
2017-18 salary $10,000,000...... cap hit $6,666,667
2018-19 salary $7,000,000...... cap hit $6,666,667
2019-20 salary $4,000,000...... cap hit $6,666,667
2020-21 salary $1,000,000...... cap hit $6,666,667
2021-22 salary $1,000,000...... cap hit $6,666,667
2022-23 salary $1,000,000...... cap hit $6,666,667
2023-24 salary $3,000,000...... cap hit $6,666,667
2024-25 salary $4,000,000...... cap hit $6,666,667

$100,000,000 /15 years = $6,666,666.67 hit per/Cap year
http://www.tsn.ca/nhl/story/?id=427507

[tgm929]

11.3 million hit to New Jersey Devil cap has been removed by the announcement that Ilya Kovalchuk's is retiring. In doing so he is walking away from remaining 12 years of a 15 year contract equaling 77 million.

Cap hit would have been around $6.7 million. There will be penalty of about $300k per year to the devils so cap saving is closer to $6.4 million.

[GordonH]

11.3 million hit to New Jersey Devil cap has been removed by the announcement that Ilya Kovalchuk's is retiring. In doing so he is walking away from remaining 12 years of a 15 year contract equaling 77 million.

Cap hit would have been around $6.7 million. There will be penalty of about $300k per year to the devils so cap saving is closer to $6.4 million.

I stand corrected, I should have check Capgeek archives to see his cap hit before posting. Thank-you tgm929

[GordonH]

Bumped
http://www.tsn.ca/nhl/free-agency

Signing are coming quickly

[JayByrd]

At the risk of tooting my own horn, I had a chuckle at my post earlier in the thread (2013) about the David Clarkson and Ryan Clowe contracts. I had no idea those would turn out as badly as they did.

The money is getting thrown around today. A lot of second-tier players are getting first-tier contracts.

[GordonH]

At the risk of tooting my own horn, I had a chuckle at my post earlier in the thread (2013) about the David Clarkson and Ryan Clowe contracts. I had no idea those would turn out as badly as they did.

The money is getting thrown around today. A lot of second-tier players are getting first-tier contracts.

Next season will be proving ground on the moves made today, who has gotten closer to second season & who has not.

[JayByrd]

Next season will be proving ground on the moves made today, who has gotten closer to second season & who has not.

Agreed. I don't doubt that players like Milan Lucic and Loui Eriksson will deliver as promised...but will it be enough to get their new teams into the playoffs? But as a GM, all you can do is work with what's available and try, right?