Re: Satisfy my Curiosity
posted at 9/13/2010 3:51 PM EDT
The way it works (as I understand it):
Without injured player you have $2M in cap space.
Player has a $3M contract.
LTIR allows you to add a player with a cap hit of at most $3M. The first $2M of that salary counts towards the Averaged Club Salary.
This team would be cap compliant with a full payroll, while exceeding the limit by $1M by using the injury allowance.
This is a really horrible example, of course, since the cap hit is a day-to-day thing, but I think it illustrates what I was getting at - that replacement player cap hits first apply to the team's payroll directly before cap-exceeding allowance is given.
This is mentioned in the General Illustration on page 227 of the CBA
Edit: To clarify, what I was referring to in my original post is the so-called "pro rating" of contracts at the trade deadline. What really happens is that a team with $1M cap space to start the season for a 100 day season actually has $10,000 in cap space per day. Seventy-five days into the season, the team would have $750,000 in cap space saved-up, which could be used over the final 25 days (with the $250,000 they would have anyways) on a player making $40,000 a day - the equivalent of $4M a year. If I am understanding this right, the Bruins would not be saving up any cap space until something gets cleared.
If you like the team as it is, this is not a problem. It could tie Chiarelli's hands at the trade deadline, though.