Re: Iginla Watch-Part II
posted at 7/5/2013 11:19 PM EDT
In response to Bookboy007's comment:
In response to DrCC's comment:
In response to bostonfan191646's comment:
so, the cap hit is 1.8. for this year the cap hit is 1.8, it might tack on money next year but the cap will be going up so whatever. Bergy will probably cost them an extra 1.5 and Seidenberg an extra 1, so whatever.
Yes, clearly I didn't think my post through. This may be a way to even-out the cap reduction of this year, by putting some of it only next.
However, I believe there is a cap on the bonus cushion of 7.5%, which this year is $4.8M. Bruins will have to shed some bonuses?
That's exactly what this is, Dr. - Oh, you mean I'll have to pay Iginla some of his compensation next year instead of this cap strangled year? Well, I guess if I have to. Frankly, it's brilliant.
OK, so - I looked at the new CBA and, yes, there is a 7.5% cap on the bonus cushion. Iginla, Krug and Hamilton, Svedberg and maybe Spooner or some other rook like Camara are the only bonus eligible players likely to see the roster. If they all are on the roster, the total bonus potential would be about $6M. That means the Bruins can spend $63.1M in regular salary without being at risk of exceeding the bonus cushion. They also have the flexibility between now and I think the first game of the year to go 10% over the cap, so they don't have to make any decisions on Savard's LTIR to sign Rask yet. They could also start the year with Krug in Providence and save the $800K bonus he could earn and let Bartkowski play.
Two other basic notes on this - bonuses count against the year they are earned unless the put you over the cap - then you're penalized against next year's cap, basically. And once a bonus is impossible to earn, it no longer counts against the cap or availabe salary room. So say Iginla gets $900K for every 20 games he plays and the full $3.7M if he plays all 82. As soon as he misses a game, the potential hit drops $100K and that comes off the Bruins potential cap overage. If he misses half the season, the Bruins would get $1.9M to play with because he can no longer reach two of the bonuses.
One of two things will likely have to happen - Savard will have to go on LTIR to make Rask's money fit at the deadline, or the Bruins will have to move a player.
Excellent take Book, great stuff.