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GM Hockey » Ottawa Senators » cheechoo on waivers according to McKenzie (clears waivers)

cheechoo on waivers according to McKenzie (clears waivers)

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SeawaySensFan


Franchise Player
Franchise Player

SpezDispenser wrote:Just trying to make the best of it. The Sens won't fold because of this. It's a waste of cap space that hurts - badly, but we'll forge forward.

Or sideways. cheechoo on waivers according to McKenzie (clears waivers) - Page 14 542150

shabbs


Hall of Famer
Hall of Famer

So, now we have a $1.167M cap hit on the books for two years.

Guest


Guest

shabbs wrote:So, now we have a $1.167M cap hit on the books for two years.

666k this year, 1.167 next. That's actually less then what people originally expected so...

stempniaksen

stempniaksen
Veteran
Veteran

Sucks that it goes up next year, but with money coming off the books it actually works in the organizations favour.

Guest


Guest

stempniaksen wrote:Sucks that it goes up next year, but with money coming off the books it actually works in the organizations favour.

Exactly how I look at it.

shabbs

shabbs
Hall of Famer
Hall of Famer

N4L wrote:
shabbs wrote:So, now we have a $1.167M cap hit on the books for two years.

666k this year, 1.167 next. That's actually less then what people originally expected so...
So, explain that to me... I was under the impression that it was 2/3rds of the remaining salary spread out over twice the time frame. He was due $3.5M next year. The buyout math works out to $1.167M/year for two years. 2/3rd of $3.5M is $2.333M. Spread that over two years and you get $1.167M/year.

Guest


Guest

It's the current salary minus the buy out. Thus 3 mil - 2.33 = .66. Next year the remaining amount of the buyout is put towards the cap which is 1.167.

shabbs

shabbs
Hall of Famer
Hall of Famer

N4L wrote:It's the current salary minus the buy out. Thus 3 mil - 2.33 = .66. Next year the remaining amount of the buyout is put towards the cap which is 1.167.
But his salary is $3.5M, not $3M... that was his cap hit. Hmmm...

Guest


Guest

shabbs wrote:
N4L wrote:It's the current salary minus the buy out. Thus 3 mil - 2.33 = .66. Next year the remaining amount of the buyout is put towards the cap which is 1.167.
But his salary is $3.5M, not $3M... that was his cap hit. Hmmm...

Sorry, current cap hit, my fault.

shabbs

shabbs
Hall of Famer
Hall of Famer

Oh oh... BooBoo agrees with me...

http://www.ottawasun.com/sports/hockey/2010/06/28/14544401.html

That's not a good thing... off to the CBA.

Wink

EDIT: I got it now. It's because of the savings... and it's all in the CBA.

cheechoo on waivers according to McKenzie (clears waivers) - Page 14 Caphit

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