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dlbalr

Habs Salary Cap Info and FAQ's

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dlbalr    651

Montreal Free Agents:

 

Restricted (Class II): None

Unrestricted (Class III): Bobby Farnham, Dwight King, Andrei Markov

Unrestricted (Class UFA): Connor Crisp, Mark MacMillan, Dalton Thrower

 

Players will be removed from the list as they sign.

Relevant Links:
2016-17 Cap Calculations
HW Contract Page
Waiver Situation

- Anyone making $375,000 + the minimum salary ($650,000 for 2017-18) will count in part against the cap upon a reduction to the minors. For example, a player making $1.2 million would count as $175,000 on the cap (1.2 M - [375k + 650k]).

Known no-trade clauses:

- Karl Alzner (7 team NTC)

- Jonathan Drouin (3 team NTC as of July 1, 2021)

- Jeff Petry (NMC for the full deal, full NTC in 15-16, 16-17, 17-18; 15-team NTC in 18-19, 19-20, 20-21)
- Carey Price (Modified NTC, NMC)

 

If you have any questions, either PM me or reply to this thread. (As this is a thread for everyone, if there's something you'd like covered, please let me know.) More information will be added throughout the season and as it becomes available. The thread will be cleaned out periodically to try to keep all relevant information within 1 page.

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dlbalr    651

50-Contract Situation for 2017-18:

Scorecard
Total committed contracts:  47
+ Restricted Free Agents*: 0
- Potential slide rule players: 1
= Revised total (max 50): 46

 

Legend: Black - under contract, Red - UFA, Blue - RFA, Purple - Needs to be signed for next season or rights lost. SR - Slide Rule, NQC - Non-Qualification Candidate, Crossed out name - player has signed overseas

* - excluding players already signed overseas

Forwards:

Jeremiah Addison

Daniel Audette

Paul Byron

Daniel Carr

Phillip Danault

Jacob de la Rose

Jonathan Drouin

Markus Eisenschmid

Byron Froese

Alex Galchenyuk

Brendan Gallagher

Jeremy Gregoire

Ales Hemsky

Peter Holland

Charles Hudon

Artturi Lehkonen

Andreas Martinsen

Michael McCarron

Torrey Mitchell

Max Pacioretty
Tomas Plekanec

Martin Reway

Nikita Scherbak

Andrew Shaw

Chris Terry

Antoine Waked

Max Friberg

Joonas Nattinen

Mark MacMillan

 

Defence:

Karl Alzner

Jordie Benn

Simon Bourque

Brandon Davidson

Jakub Jerabek

Noah Juulsen

Brett Lernout

Victor Mete (SR)

Joe Morrow

Tom Parisi

Jeff Petry

Zach Redmond

David Schlemko

Mark Streit

Matt Taormina

Shea Weber

 

Goalies:
Zach Fucale

Charlie Lindgren

Michael McNiven

Al Montoya

Carey Price

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dlbalr    651

What is UFA-VI?

Group 6 free agency is for players who are 25 or older, have played at least 3 pro seasons, aren't on their entry-level deal anymore, and have played less than 80 NHL games (28 GP) for goalies. Andre Benoit and Shawn Belle both qualified for this last season, Cedrick Desjardins (dealt by the Habs before the preseason) will as well.

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JoeLassister    272

I found this article but I really don't know where to post it. Kinda cool.

http://business.financialpost.com/2012/06/29/graphic-hockey-havens-not-necessarily-tax-havens/

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dlbalr    651

All must see a ton of 2012 draft picks being signed lately.

Why are they being signed now, when i assume most dont need to before June 1st, 2014.

Are there advantages to say, signing Galchenyuk today, vs next March when finishing up junior year?

Habs normally wait to sign draft picks, is that a club policy or something?

Generally speaking, this has become more commonplace in recent years. There's a cap advantage (albeit a minor one) to signing a prospect and then having them play in junior, referred to as a contract slide as I'm sure you've seen me mention before. Basically, the value of the signing bonus comes off the players' cap for each year they're signed, under 20, and not in the NHL.

Case in point is Brendan Gallagher. He had a cap hit of $900,000 with a max signing bonus ($90,000). Although he signed during the year, it was before the March 1st cutoff (I think that's the date) so he qualified for a slide. As a result, his cap hit is now $870,000 (the difference being the $90,000 bonus divided by the 3 years on the contract); his 'salary' (including bonuses) is 900/900/810.

Also, and this is speculation on my end, agents may be pushing the players to sign especially with talks of extended and only partially guaranteed ELC's (the 5 year proposal only has 2 guaranteed years plus 3 options).

This is from Habsworld website.

Care to explain the difference between "Limited, partial and modified" Brian ? (or anyone else)

Basically that's the terminology I was given when I got the info. Modified is the popular term now which suggests that it changes throughout the deal whereas limited/partial implies that that it's a fixed restriction that isn't a full one (ie: 5 teams the player can block a move to for the duration of the contract).

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dlbalr    651

Brian I am confused. I thought ltir gave you the space to replace the guy you lost, so how is it adversely affecting our cap space?

You are correct in that it opens up a spot for a replacement by allowing the team to exceed the cap by the amount of the injured player(s). However, while the team is in LTIR, the cap space that they have saved so far is reduced at the same time (straight-line amortization); the difference is what the LTIR credit is. Here's the 2011-12 capsheet where this happened, it may be easier looking at a visual example (look at the LTIR tab if it doesn't take you there).

Any team that finishes the season while using LTIR has $0 in cap space; if you look at Capgeek, you'll note that any team currently in LTIR (all 10 of them) has a total of $0 in projected space. You cannot be under the cap and be in LTIR at the same time.

The reason I say it's ideal to avoid LTIR for as long as possible is simply to preserve as much banked cap space as possible. The Habs will need a lot of it at the end of the year to cover the bonuses while it'd also be nice to have some for any trades/recalls/other pickups. Inevitably, it may happen if someone else goes down; if so, the goal then will be to get back out of it as soon as possible.

I don't remember if you actually wrote one, but an article on the main Website about the Salary Cap / CBA would be GOLD !

I did a CBA one shortly after the lockout ended. http://www.habsworld.net/article.php?id=2968

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dlbalr    651

Just one question about LTIR: if it turns out Briere is gone long term (let's say done until spring for whatever reason), would the Habs then put him on LTIR? I always thought that LTIR freed up the capspace of the injured player, but you said if you use it then you have $0 in capspace (but maybe that's just for the very end of the year).

They could (it'd depend on who else is on at that time and how much they plan to go over the cap - if it's just to call up Dumont or something like that, they may not need to). In its most simplistic terms, LTIR does free up the cap space of the injured player. In reality, it only frees up the cap space of the injured player less any cap savings to that point (that's why the 'banked total' gets amortized). Worth noting is that the injured player - in this case, Briere - will still count in full against the cap, it's just that the Habs would be allowed to spend over the cap during his absence.

A team that ends the year on LTIR will have $0 in cap space. A team that uses it but doesn't finish with it (the player comes back before the end of the year), cap space can start accruing again (since the team has to be under the cap before activating a player off LTIR).

For those who want to subject themselves to reading about LTIR, here's a place to start: http://www.capgeek.com/faq/how-does-long-term-injured-reserve-LTIR-work

Here's a question Brian, Markov is 34 now but on dec 20 he will be 35, so if we sign him or extend him prior to Dec 20 how does the over 35 rule apply?

It applies no matter what with Markov. The calculation is on June 30th of the season that the contract begins. In Markov's case, that will be June 30, 2014.

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dlbalr    651

One thing I've been trying to figure out is the rules pertaining to AHL demotions prior to the Olympic break. A way to try to save some cap space (and get Bournival some playing time) would be to send him down during the break. From what I've gathered, that is not going to be possible...sort of. Here's a summary of the demotion rules that will soon come into play:

- Anyone that needs waivers would still need waivers to go down during the break (let's get the easy one out of the way)

- Waiver exempt players (Bournival and Gallagher) who have been on an NHL roster for 87 days or more prior to January 24th are entitled to an Olympic break if they are assigned any time after the 24th (5 PM EST) through to February 9th at 5 PM (one day after the Habs' final game). In other words, they are not eligible to play. However, they would collect their AHL pay instead of their NHL pay during this time. If they aren't assigned by the 9th at 5, they cannot be sent down for the duration of the break.

- If a waiver exempt player (let's just use Bournival since this wouldn't happen with Gallagher) with 87 NHL days gets sent down prior to the 24th at 5 PM EST, he is eligible to play in Hamilton...unless (yay, exceptions to the rule...) Bournival is to play 16 of the Habs' final 20 games before the break. We're 8 games into that stretch, he has played 7 of those.

- If Bournival gets sent down after 5 PM on the 24th and before the Habs' last game before the break , he is eligible to play for Hamilton in the time period between the date of demotion and the beginning of the break.

- If anyone with less than 87 NHL days gets recalled before Jan. 24th (Beaulieu), they can be sent down and be eligible to play during the Games as long as they're demoted before February 9th at 5 PM EST.

Long story short...

Bournival can be assigned to Hamilton during the Olympic break to save cap space up until February 9th at 5 PM EST. However, he will not be eligible to play for the Bulldogs during the Olympics unless sent before January 24th. The financial savings on the cap if they send him down for the break would be a bit over $57,000.

Original source: http://www.syracuse.com/crunch/index.ssf/2014/01/syracuse_crunch_and_other_ahl_teams_governed_by_specific_nhl_transaction_rules_d.html

Speaking of waivers, here is a chart for waiver eligibility. One small error is that the threshold for asterisked players is 10 games, not 11. Everything else looks good though.

Waivers.JPG

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dlbalr    651

What happens after the deadline in terms of the call ups on the expanded roster? How much does the expanded roster effect the cap, or does it?

After the deadline, there is no limit to a roster size, teams don't have to send players down when activating someone from IR. Instead of there being 23 on the active roster, there will probably be a couple more. That said, there is a limit of four non-emergency recalls that a team can use between the trade deadline and the completion of their farm teams' season. (So in Hamilton's case, the end of the regular season as I think playoffs are approaching pipe dream status despite them winning lately.)

As for the cap effects, the Habs have to stay under the cap at all times, that doesn't change from now. Post-deadline callups do count against the cap though (unless it's a postseason recall).

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dlbalr    651

Yeah really...

Cap Geek says today's cap space for Habs is $1,980,193, and at the deadline the space will be $6,831,667....

What exactly does that mean? How do they have so much more at deadline, than today?

The Habs so far have 'banked' about $830,000 in cap space (you won't find that on CG, that's from my cap sheet). If they added a player making that $1.98 M today, that banked space would whittle away to $0 at the end of the season. At the trade deadline, there are way fewer days to spend that projected banked space (which would be a bit over $1.35 M at that time^). Adding a player making $6.8 M on deadline day would then whittle that banked space down to $0.

Of course, any change whatsoever to the roster will change these numbers considerably since we're only in November. It's likely that the deadline space number will be much different come deadline day. Also note that these numbers don't take bonuses into consideration. The Habs - or any smart team - will want to keep some banked space to avoid being over the cap at the end of the year when bonuses get added in. An allowance for that will take a big chunk (at least $1 M) off the deadline space. (Not because they're budgeting $1 M or more in bonuses but because they will want to keep a few hundred thousand in banked space at the end of the year which is around 20-25% of where the banked space would be on deadline day; take that percentage off the deadline day space accordingly.)

^ - [$830,000 + (112 days until the deadline x $4,664 - the daily amount banked with the roster as is)]

Hopefully some of that made sense...

Edit: Check in a bit on what the new numbers are with Bowman/Beaulieu going down today, you'll see how a couple of small demotions can really affect the projections.

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dlbalr    651

"While that seems all well and good, it doesn't take into account potential performance bonuses."

I don't understand this. I am under the impression performance bonuses for this year actually don't count against this year's cap - they count against NEXT year's cap. (This is why Boston was hamstrung THIS season by Iginla's excellent contract LAST season.)

Bonuses are supposed to count against the cap in the year in which they are hit. However, teams can exceed the salary cap by using the bonus cushion. This in turn allows them to count current year bonuses on next season's cap, as Boston chose to do with Iginla by structuring his contract so that it was largely bonus-based. That's more of an exception rather than the norm.

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dlbalr    651

Are there bonuses (boni?) associated with winning the Vezina and the Hart?

Yes, but they are league-wide bonuses, not contract-specific. As a result, they don't count against the cap like a typical performance bonus does.

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dlbalr    651

About pks hospital donation. Couldnt he have convinced Molson to make that donation in Subbans name and saved the team capspace?

No. Anything like that would be construed as cap circumvention.

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dlbalr    651

The second post in this thread has been updated with the contract scorecard for next year. Even if a couple of the RFA's go unqualified, it certainly looks as if the Habs are going to be up near the limit pretty quickly.

Also, five players will have their contracts extended by a year come July 1st as a result of the slide rule. Three of those players will actually see their cap hits rise. Here's the breakdown: http://www.habsworld.net/2016/05/contract-updates-for-montreals-2015-16-slide-rule-prospects/

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dlbalr    651

The cap for 2016-17 has been set at exactly $73 million.

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dlbalr    651
On 2016-06-29 at 7:52 PM, illWill said:

Can someone explain that to an average person please? That is a good thing yes?

Weber's contract was one of the heavily back diving ones that was outlawed in the last CBA. As part of the 2013 agreement, something called the cap recapture rule was instituted, to punish the teams for tacking on cheap years that no one expected them to actually play through. (Luongo's deal is another example.) Basically, at the end of a players' time with a team, the sum of their salary paid and cap hit are added up. The difference (salary paid - cap charge) becomes eligible for cap recapture if the player chooses to retire before the end of the contract.

 

For Nashville, they saved over $24 million in cap compared to the salary they paid out in the time he played there under this deal.

 

Total salary paid in 4 years: $56,000,000

- Total cap charge over 4 years: 31,428,572

= Potential cap recapture of $24,571,428

 

That amount is then eligible for recapture if he chooses to retire. The differing amounts you see in that column are what they'd be charged for each year through 2025-26 if and when he retires. (So if he retires after 2021-22 as a lot of people expect, Nashville gets dinged for $6.1 million a year for 4 years.)

 

Because Weber's salary this year is $12 million (including an $8 million pay out due Friday), the Habs are on the hook for a bit of recapture over the first few years as $12 million is less than the ~$7.9 million cap charge they'll eat in 2016-17. After that it drops to $6 million/year for a while so after a few years, the sum of the cap charge they eat will exceed what they pay him, thereby taking Montreal out of any potential recapture charge.

 

Hopefully that makes sense. Basically, unless Weber decides to retire really early for some reason (like after the next year or two), the Habs won't be on the hook for any lingering cap charges through midway through the next decade.

  • Upvote 2

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dlbalr    651

Do Nashville usually go as close as 6M$ of the actual salary cap ?

Last year they were more than $9M under. A few years before that they were around $4M under, then $16M under, then $3.5M under. In other words, some years they are, some they aren't.

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JoeLassister    272

Last year they were more than $9M under. A few years before that they were around $4M under, then $16M under, then $3.5M under. In other words, some years they are, some they aren't.

If Weber happens to somehow only retire after the season 24-25, the gap between cap floor and their actual cap would be slim to none...

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dlbalr    651

As a result of the Habs having to recall Lindgren (and thus are carrying a 25-man roster), they are pretty well right up against the cap to start the season as they are a little more than $100,000 under the cap.  However, that number increases to over $1 million just with Lindgren going back and would go up again once Petry returns and someone gets cut.  Basically, in the next few days, their cap space should be around $1.6 - $2.0 million (depending on who gets cut for Petry).

 

New year, new links:

2016-17 Cap Calculations
Waiver Situation

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dlbalr    651
24 minutes ago, JoeLassister said:

Hey Brian,

 

with Fanager down and nhlnumbers unavailable at my job,  what other good website should I be looking to for nhl cap and salaries ?

 

CapFriendly is the best resource out there currently.  I'm not a big fan of NHLNumbers after I've seen them badly bungle the LTIR calculations/rules in the past.  Spotrac is another option - their daily tracker isn't the best (it's not that descriptive) but the basic contract info is there.  I've worked a bit with the person running Cap Friendly, he's quite thorough (and really did some good digging on an interpretation question we were debating a year ago) so that's the one I'm really going to recommend.

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JoeLassister    272

Thanks

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dlbalr    651

The roster freeze kicks in today at 11:59 PM EST and runs through to December 28th at 12:01 AM EST.  Of course, there are exceptions to the rule.  Here are the ones that are relevant to the Habs:

 

- Players recalled after December 11th are eligible to be assigned back to the AHL before 11:59 PM EST on the 23rd as long as they don't have to clear waivers.  Terry, Andrighetto, and Barberio were all recalled after the 11th and haven't been on the roster long enough for their waiver exemption period to expire so they are eligible to be sent down during the freeze.  McCarron was brought up on the 9th; if he's still with the team tomorrow, he's guaranteed to stay up through the 28th,

 

- Any player on emergency recall can be assigned at any time during the freeze.  While not specified by the team directly, Terry I believe is on an emergency recall. 

 

- Any player can be recalled during the freeze.  I note this as it's possible that the three players in the first bullet point get sent down on the 23rd to save a bit of much-needed cap space and then brought back on the 27th once teams are allowed to practice again.

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dlbalr    651

David Desharnais was transferred to LTIR today as the Habs needed to dip into it today to bring Andrighetto back up for tonight's game.  (With him and Hanley back down, they're now out of LTIR...)

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