Frank E
Active member
Coco-puffs said:Frank E said:I think I ask this every year, but what they've normally done is push Horton's cap hit into LTIR on day - 1 of the season, correct?
But this affects the others' bonus $$ not being able to be kept in the 18-19 cap? (this is more of a question)
Correct. Don't forget, they also had Lupul's contract to LTIR the last few seasons. So, it made no sense to have 10M+ in dead cap space just to avoid bonus overages going into the following season. So they just LTIR'd both.
Once they are in LTIR, any bonuses the guys on rookie contracts get, has to be carried over. If there is nobody on LTIR, then whatever cap space they have left at the end of the season can be used to cover the bonuses. If there is any left, it still carries over.
However, in 2019-2020 they cannot afford bonus overages with Matthews, Marner, and Nylander on their next contracts without subtracting a good player.
So this season, their best bet is to avoid LTIR altogether and eat the bonuses under this years cap sheet- which means staying 3.7M below the cap. And having Horton still eat 5.3M of cap space as well (ie, not on LTIR).
Good, so I kind of understood it. So this season is more unique in that Horton's hit will not be LTIR'd, and Lupul's deal has expired.
So, it would be super convenient if they could shed the Horton contract, given the sudden cap crunch around here.
On a cap hit of $5.3m, he's owed $4.5m this season, and $3.6m the next, according to Capfriendly.