Peter D. said:Erndog said:I've never seen this before but why does Chara's cap hit change in 2017-18?
http://www.capgeek.com/players/display.php?id=216
His cap hit is $6,916,667 until then, but for whatever reason it changes to $4M the last season?
Any ideas how or why that's allowed?
Found this:
"Under the league's new "Kovalchuk" rule, Chara's new contract will be cut off (for the purposes of salary-cap calculation) in the year of the contract in which he turns 41. That means Chara, who will turn 41 on Mar. 18, 2018, will have an annual salary cap hit of $6.9 million for the first six years of the deal -- $400,000 more than what would be if it were calculated over the seven years of the contract. The cap hit then drops to his actual salary ($4 million) in the final year."
Thanks for that!
Maybe I am misinterpreting it, but how is that the Kovalchuk rule? What I get out of that is that after the players 41st bday, the cap hit drops to their actual salary- so Kovalchuks cap hit would be like $1M?
But because of that, his cap hit is actually higher in the years leading up to 41.