Elias signed at $4.18M according to nhlpa.com

http://nhlpa.com/WebStats/PlayerBiography.asp?ID=1552

So how exactly are we clearing this 6 mil +

http://nhlpa.com/WebStats/PlayerBiography.asp?ID=1552

It looks like that puts the Devils WAAAAAAAAY over the cap.

$44,256,929.00

And that's assuming Stevens doesn't return.

Plus, that puts them over the 10% flexibility over the cap. This doesn't make sense.
:dunno:

So how exactly are we clearing this 6 mil +


The only explaination is 2005/06 compensation listed on various sites (NHLPA and TSN) is not the actual dollars that are hitting the cap.

Because if my understanding is correct, at no point can you go over $42,900,000.....Which is the 39M + the 10% threshold. The threshold is only good until October 1st.

This leads me to believe that the Madden Contract is a much smaller hit against the cap than the 3.8 that is being reported everywhere.

40 Million was being reported without Elias and Madden at 3.8, my guess is the Madden contract is really somewhere around the mid 2's, which would bring the Devils Actuals somewhere in the 38 range and about 4 for Elias to stay within the 43M.

If I am correct, and the Devils are at 43 Million right now, Elia's contract should not hit the cap until he plays; meaning you are back in the 38 range for the season opener with all players signed.

http://www.c-n.com/apps/pbcs.dll/article?AID=/20050823/SPORTS01/508230360/1011

I guess he signed his qualifier.

Madden's contract is only 2.2.

Madden's contract is only 2.2.


That is the range I'm thinking but I have no hard proof.

NHLPA ( usually accurate) has the team at about 44.2

http://www.nhlpa.com/WebStats/PlayerSearchV2.asp?OIDTeam=9486

fwiw

Elias only signed for 1 year. Lou couldn't get him to sign a long term contract. That's too bad.

NHLPA ( usually accurate) has the team at about 44.2

http://www.nhlpa.com/WebStats/PlayerSearchV2.asp?OIDTeam=9486

fwiw

I have no doubt their 2005/06 Compensation is 100% correct.............I'd be willing
to bet money the numbers are wrong in terms of "what hits the cap"

If I pay you 10M this year and 2M next year the Cap hit this year is 6M, but the NHLPA is only reporting the 2005/06 compensation which in this example would be 10M

I have no doubt their 2005/06 Compensation is 100% correct.............I'd be willing
to bet money the numbers are wrong in terms of "what hits the cap"

If I pay you 10M this year and 2M next year the Cap hit this year is 6M, but the NHLPA is only reporting the 2005/06 compensation which in this example would be 10M


agree on what you are saying on average being cap etc...
Yes the NHLPA only shows what is on the books for this year.
But it is usually in the ballpark. I don't know , perhaps somebody does, of many front loaded contracts.

It would be valuable info to have in figuring all this out.

All this concern about the Cap don't be concerned Lou knows what he is doing.

Lou was involved from the getgo with the new CBA.

Lou stated he would have to make some outbound moves by 10/1/2005 when he signed Almo.

Not to worry Lou has it covered.

Elias only signed for 1 year. Lou couldn't get him to sign a long term contract. That's too bad.

well i presume its just to get him under contract bc in the cba if ur not under contract by the start of the season, you're not allowed to play that season, doesnt say they cant hammer out an extention during the season tho ;)

Could he have just shipped him straight to the IR?

well i presume its just to get him under contract bc in the cba if ur not under contract by the start of the season, you're not allowed to play that season, doesnt say they cant hammer out an extention during the season tho ;)

Not true, You have until December 1st to sign RFA's before they become ineligable to play for the season.

well i presume its just to get him under contract bc in the cba if ur not under contract by the start of the season, you're not allowed to play that season, doesnt say they cant hammer out an extention during the season tho ;)

In addition to Jim's Dec 1 clarification above... they can't hammer out an extension until after January 1.

"Elias will turn 30 in April and could become an unrestricted free agent next summer. Diamond said he and Lamoriello have discussed re-opening negotiations in January and their failure to get something done now won't have an impact on Elias' future in New Jersey.

"Absolutely not," Diamond said. "We have a completely open mind. Obviously he's had a great time so far in his career with the Devils. They've accomplished a lot and he's a big part of it. He loves living in New Jersey with all the good golf courses, the proximity to New York. He knows no other way except the Devil way.""


Sounds pretty optimistic that Lou might be able to sign Elias to a long-term deal after January 1st. These comments, plus how appreciative Patrik was that Lou qualified him given his condition make me think he'll sign on for a few more years in NJ.

BTW - how is it that no other local papers picked up this story? I would've never thought to go to the Courier News to get the latest Devils info.

Has Lou ever signed a player mid season to a new contract or an extension?

The Devils organization and Lamoriello does things on the very down low. They are business like and to themselves. The less they have to share with the media and the more the media can find out on its own (usually resulting in the delay of the story) the better in Lou's mind.

Lou did the classy thing by qualifying Elias in the first place with his Hep A ailment. Elias understands this and is thankful. Judging by how Lou made such a substantial offer to Niedermayer, he'll definitely make Elias a fantastic offer as well. Lou awards loyalty. The only reason Elias would leave is if he wants to leave . . . like Nieds and Holik.

If I am correct, and the Devils are at 43 Million right now, Elia's contract should not hit the cap until he plays; meaning you are back in the 38 range for the season opener with all players signed.

Unless the CBA FAQ worded it wrong that would not be correct.

Clubs at or near the upper limit that have players who incur a bona fide long-term injury will be entitled to replace up to the full value of the injured player's NHL salary (even if such salary would result in the club's team salary exceeding the upper limit). The "replacement salary" will not count against the club's upper limit but will count against the League-wide players' share. Upon return of the injured player, the team must come into immediate compliance with the requirements of the payroll range

This would mean that Elias's $4.18M would count against the cap. His "replacement" (Mogilny?) would not. But since Mogily only makes $3.5 million then the the cap figure would still be about $680k higher.

All this concern about the Cap don't be concerned Lou knows what he is doing.

Lou was involved from the getgo with the new CBA.

Lou stated he would have to make some outbound moves by 10/1/2005 when he signed Almo.

Not to worry Lou has it covered.
Well said, although to be fair to the majority of the regular Devils fan posting here, it seems fans from other teams are primarily the ones most concerned with Lou suddenly losing sight of hockey economics 101.

Tsn
http://www.tsn.ca/nhl/news_story.asp?id=134408

They will not count Elias' salary towards the cap while he is still injured. Which technically means u guys arent over the cap, but as soon as Elias' recovers he'll be inserted into the lineup to regain his form.

I doubt Lou would start the season with a maxed cap and still have Elias on the side recovering. So The devils will make a trade to get their cap number at 35 Million possibly losing White,Kozlov, and/or Friesen.When Elias comes back though, you guys are going to be one deadly team. Its going to be fun in the Atlantic division this year.

I'll shoot myself in the head if he signs next year with the rangers

On the positive side, we'll have two of our best offensive players in Gomez and Elias both playing hard for their future contracts this season.

"Elias will turn 30 in April and could become an unrestricted free agent next summer. Diamond said he and Lamoriello have discussed re-opening negotiations in January and their failure to get something done now won't have an impact on Elias' future in New Jersey.

"Absolutely not," Diamond said. "We have a completely open mind. Obviously he's had a great time so far in his career with the Devils. They've accomplished a lot and he's a big part of it. He loves living in New Jersey with all the good golf courses, the proximity to New York. He knows no other way except the Devil way.""


Sounds pretty optimistic that Lou might be able to sign Elias to a long-term deal after January 1st. These comments, plus how appreciative Patrik was that Lou qualified him given his condition make me think he'll sign on for a few more years in NJ.

BTW - how is it that no other local papers picked up this story? I would've never thought to go to the Courier News to get the latest Devils info.

I think Elias will be a Devil for a long time. Lou knows what a great 2 way player Patrick is and unlike Niedermayer, Elias has no hard feelings against the Devils, no family in NA (that I know of) and no brother that needs help with his contract negotiations.

The only explaination is 2005/06 compensation listed on various sites (NHLPA and TSN) is not the actual dollars that are hitting the cap.

Because if my understanding is correct, at no point can you go over $42,900,000.....Which is the 39M + the 10% threshold. The threshold is only good until October 1st.

This leads me to believe that the Madden Contract is a much smaller hit against the cap than the 3.8 that is being reported everywhere.

40 Million was being reported without Elias and Madden at 3.8, my guess is the Madden contract is really somewhere around the mid 2's, which would bring the Devils Actuals somewhere in the 38 range and about 4 for Elias to stay within the 43M.

If I am correct, and the Devils are at 43 Million right now, Elia's contract should not hit the cap until he plays; meaning you are back in the 38 range for the season opener with all players signed.
not the actual salary a player earns in a particular year. As far as Stevens goes, maybe the answer is in what Lou said in the paper the other day about him coming back late in the season, or near the end of the year. For all anyone knows maybe someone restructured a contarct. Elias does count against your cap whether he plays or not. He has to be on IR for a certain # of games before his $ is removed.

not the actual salary a player earns in a particular year. As far as Stevens goes, maybe the answer is in what Lou said in the paper the other day about him coming back late in the season, or near the end of the year. For all anyone knows maybe someone restructured a contarct. Elias does count against your cap whether he plays or not. He has to be on IR for a certain # of games before his $ is removed.

I don't think anyone was allowed to restructure this year. It was part of the agreement IIRC.

And his money is never removed if he plays. But if he's on IR for more then 10 games you can replace him up to his value even if it means you would go over the cap. Not sure how it works if he starts off the year on IR, but I doubt you'd have to wait 10 games to replace him, that wouldn't make much sense. Chances are, he just wouldn't be eligible to play until after the 10th game. Then when he comes back the team has to immediately get back under the cap.

And I've read from a few news sources that the Devils at they stand now are at 45 million. Don't ask me aobut the 10% or whatnot, but that's what I've read in print. It's not like they've never been wrong before though.