bustaheims said:Iafrate said:Maybe I don?t get how it works. But I thought if you have a player on LTIR allows you to exceed the cap by the difference of the salary and the cap space available.
So if the player has a 5mil cap hit and you have 1 mil of cap space you can exceed the cap by 4 mil.
So why wouldn?t this be beneficial? Or am I completely wrong in how this works?
As others have pointed out, it's not how it works - and, if it were, why would teams trade away that advantage? Why would they have to include assets to shed those contracts? It really boggles my mind how many media types, bloggers, etc., still get this wrong.
There are also some other wrinkles to LTIR that make it a disadvantage. For instance, LTIR space can't be used to absorb a pro-rated amount of a player's cap hit - you have to be able to fit the full season AAV regardless of what point in the season you acquire them. It also can't be used to account for performance bonuses, as it disappears when the season ends while performance bonuses aren't charged against the cap until after the season.
That?s why I posted this asking. It wasn?t a statement. I?m asking for someone to explain this plainly. I realize that I have this wrong, but the explanation still doesn?t make any sense to me.
For example, why did the leafs take on Horton?s contract? I?m not arguing at all, I genuinely don?t get how it works.