Isn't the cap increasing?

If the cap is increasing to 46,000,000 like everyone claims, we can afford to sign all of our UFAs for value and be OK.

Spend:
$5.65m on goalies (marty, plus minimum)

$10.368m on 7 defenders (replace albelin w/ a minimum rook, assuming white @ 1.9m martin at 750k hale at 700k)

$29.857m on 14 forwards (gomez @ 6m, gio @ 4m, elias @ 7m, langs @ 3m, replace kozlov and rasmussen with 600k players, and one at 500k)

Total: 45.875 mil

There's enough wiggle there to get a decent player in place of the three mediocre 600-600-500k players. Plus, someone else could be moved (marshall, wiemer, brylin?).

And I'm sure some would argue that some of those numbers are high...

Why, exactly, are we panicking?

If the cap is increasing to 46,000,000 like everyone claims, we can afford to sign all of our UFAs for value and be OK.

Spend:
$5.65m on goalies (marty, plus minimum)

$10.368m on 7 defenders (replace albelin w/ a minimum rook, assuming white @ 1.9m martin at 750k hale at 700k)

$29.857m on 14 forwards (gomez @ 6m, gio @ 4m, elias @ 7m, langs @ 3m, replace kozlov and rasmussen with 600k players, and one at 500k)

Total: 45.875 mil

There's enough wiggle there to get a decent player in place of the three mediocre 600-600-500k players. Plus, someone else could be moved (marshall, wiemer, brylin?).

And I'm sure some would argue that some of those numbers are high...

Why, exactly, are we panicking?
1) I've heard numbers ranging from $42 million to $47 million for the cap. Nobody knows what it is, but if it's on the low side we could be in trouble.

2) Mogilny & Malakhov. Worst case scenario, we have to pay the full value of their contracts (7.1 million). Best case scenario, they're off the books, with maybe Mogilny traded and Lou getting Malakhov's salary wiped. I think a buyout will be most likely, which will cost us almost 2.4 million.

3) I think your numbers for White, Martin and Hale are a bit low (especially Martin), if we want to sign them to contracts longer than a year.

Who's panicking
I'm not panicking!
Anyone else panicking?
Why would we need to panic?
Aaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!

Seriously...the cap going up is still at this point only a rumor. Mind you, it's a fairly widespread rumor, but still a rumor.
Also, don't forget that we are still unsure of how the Mogliny and Malakhov contracts will affect our cap numbers as well.
}:-(>

Forgot about Mogilny and Malakhov still potentially hitting the cap.

That stinks, because without them, I really feel that we're totally fine. We can afford to pay less to the younger RFAs to reward the UFAs, since we have them locked for several years. Cross bridges as they come..

I'm sure we could get Mogilny traded if he doesn't play here.. someone could use veteran leadership. Maybe whoever loses in the conf finals... :)

Malakhov, yeah, a buyout. Does the buyout hit the cap? What are the rules on that?

Malakhov, yeah, a buyout. Does the buyout hit the cap? What are the rules on that?
To my understanding, buyouts are 2/3 of the salary over twice the contract length as far as the cap goes.
i.e. $3.6mil/1 yr would be $2.4mil against the cap for two years.

}:-)>

Malakhov, yeah, a buyout. Does the buyout hit the cap? What are the rules on that?
Yes, a buyout hits the cap. For Malakhov, his salary is 3.6 million (I believe, can't remember which is his & which is Mogilny's). So for the buyout you multiply that by 2/3, then that gets divided over two years instead of just this year. So instead of a cap hit of 3.6 million for this year, we'd have a cap hit of $1,206,000 for both this year and next year.

Yes, a buyout hits the cap. For Malakhov, his salary is 3.6 million (I believe, can't remember which is his & which is Mogilny's). So for the buyout you multiply that by 2/3, then that gets divided over two years instead of just this year. So instead of a cap hit of 3.6 million for this year, we'd have a cap hit of $1,206,000 for both this year and next year.

So worth it, because we save 2 million dollars.

Yes, a buyout hits the cap. For Malakhov, his salary is 3.6 million (I believe, can't remember which is his & which is Mogilny's). So for the buyout you multiply that by 2/3, then that gets divided over two years instead of just this year. So instead of a cap hit of 3.6 million for this year, we'd have a cap hit of $1,206,000 for both this year and next year.
Oh...

<)-:}

Weren't buyouts a 1 time thing ast year?

Weren't buyouts a 1 time thing ast year?

Yes, buyouts without penalty to the cap, not just plain buyouts.

Sice Malakhov and Mogilny were both over 35 and signed as free agents, I believe there is no way to get their salary off the cap in the final year of their contracts. Its possible you could buy them out to save 1/3 of their salary for budgetary reasons, but even if they both retire and you dont pay them a dime, you still take the full cap hit.

Sice Malakhov and Mogilny were both over 35 and signed as free agents, I believe there is no way to get their salary off the cap in the final year of their contracts. Its possible you could buy them out to save 1/3 of their salary for budgetary reasons, but even if they both retire and you dont pay them a dime, you still take the full cap hit.

You are correct regarding Mogilny. As for Malakhov, I believe Lamoriello has asked for a hearing concerning his contract. So, there is still a chance his contract won't count since he left the team.

So it would be possible to sign Elias at 7.0, Gomez at 6.0, and Gionta at 4.0 if the cap goes to 45-46 mil and Mogilny and Malakov's salalries are gone?

So it would be possible to sign Elias at 7.0, Gomez at 6.0, and Gionta at 4.0 if the cap goes to 45-46 mil and Mogilny and Malakov's salalries are gone?

Don't think Gionta can demand more than what Cheechoo got (5 years, 15 million). Richards' contract kinda skews Gomez and Elias however.

Don't think Gionta can demand more than what Cheechoo got (5 years, 15 million). Richards' contract kinda skews Gomez and Elias however.

And I think $5 million per year for Gomez would be fare, 20 million at 4 years. In my opinion 6 million is getting a little carried away....I know the Richards contract. :shakehead

I agree, no way does Gionta get that much. Gomez is a little high also. But hopefully Mogilny and Malakov are in some way off the books and Elias resigns at like 6.5-7.0. Gomez at 5.5 and Gionta at 3.5.

Right - I agree with all of you, and I assigned those four guys a higher than expected contract. But even with those numbers, we can afford it.. if they give a little bit we could afford that 2nd line center we need as well as keeping them.

No need to freak out.

1) I've heard numbers ranging from $42 million to $47 million for the cap. Nobody knows what it is, but if it's on the low side we could be in trouble.

2) Mogilny & Malakhov. Worst case scenario, we have to pay the full value of their contracts (7.1 million). Best case scenario, they're off the books, with maybe Mogilny traded and Lou getting Malakhov's salary wiped. I think a buyout will be most likely, which will cost us almost 2.4 million.

3) I think your numbers for White, Martin and Hale are a bit low (especially Martin), if we want to sign them to contracts longer than a year.



45million

I think we are in a better situation (even with the Mogilny and Malakhov issue) than T-Bay. T-Bay right now has 13 players signed at $40 million next season ($20 million between Richards, St.Louis and Lecavalier). As of right now the Devs have 14 players signed (including Mogilny and Malakhov) at about $30 million. The main difference is we have a No.1 goaltender under contract, they don't (well, if you want to count Sean Burke as a No.1).

"If" the cap goes to $42 or $46 million, the Devs are in great shape. It would be even more great once we finally find out how or if Mogilny's and Malakhov's contracts affect the cap.