Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
Around SBN: Knicks Beat Lakers With Familiar Strategy

Salary Cap Could Drop 15%

"[B]arring a miraculous recovery by the economy, players stand to lose all their escrow money, which would essentially drop the salary cap from $56.7 million this season to about $48 million next season." [Link]

If I understand things correctly, however, the cap (in terms of a salary ceiling for planning purposes) will drop, "but only to about $55 million."

In case you're wondering, here's a look at what the Caps already have on the books for the 2009-2010 season (including only players who have made their NHL debuts, with one exception, and figures taken from here):

Forwards
Alexander Ovechkin - $9,538,462
Michael Nylander - $4,875,000
Alexander Semin - $4,600,000
Chris Clark - $2,633,333
Nicklas Backstrom - $2,400,000
Brooks Laich - $2,066,667
Matt Bradley - $1,000,000
Tomas Fleischmann - $725,000
David Steckel - $725,000

Defensemen
Mike Green - $5,250,000
Tom Poti - $3,500,000
Brian Pothier - $2,500,000
Karl Alzner - $1,675,000
John Erskine - $1,250,000

Goaltenders
Jose Theodore - $4,500,000

That's 15 players at $47,238,462 (but it includes Pothier).

Maybe I should have titled this post "Yet Another Reason Trading Nylander Makes Sense."


Comment 5 comments  |  0 recs  | 

Do you like this story?

More from Japers' Rink

Media Day Multimedia Dump

Sep 2007 by kpb - 0 comments

Saturday Morning Roundup

Sep 2007 by J.P. - 0 comments

Wednesday Roundup

Sep 2007 by J.P. - 0 comments

Nike Capitulates To Hockey Gods

Oct 2007 by kpb - 0 comments

Thursday Roundup

Oct 2007 by J.P. - 0 comments

Around SB Nation

Celtics Salaries

Nov 2008 from CelticsBlog - 8 comments

Canes Cash? It's In The Bank

Aug 2008 from Canes Country - 31 comments

Comments

Display:

I think more to the point, the USD is suddenly back up to 1.30 CDN and that puts a noticeable dent in revenues.

Why do I have a feeling this will be 'solved' by putting hockey in Las Vegas and Kansas City. Ughhhhhh.

by MacVechkin, fka JR on Nov 20, 2008 7:05 PM EST reply actions  

The article makes my head hurt. How can the salary cap only fall by $1 million? If the cap is based on a % of revenues earned in the prior season, and those revenues are expected to drop considerably this season vs. last (so much so that all of that escrow $ is lost), how can the salary cap not also follow suit and drop a whole lot more for 09-10?

by pepper on Nov 20, 2008 8:50 PM EST reply actions  

I believe what the article is saying is that the official, on paper cap going into next season will probably be ~55 million but that it could wind up being ~48 million by the end of next season with the difference coming from the player's escrow accounts since the total amount of money that can be paid in salaries is linked to hockey revenue.

by DMG on Nov 20, 2008 9:32 PM EST reply actions  

Right, so why doesn't the official cap drop to $48 instead of $55 million next season?

Is there some cap mechanism of which I'm not aware that would not allow the cap to drop that much from 08-09 to 09-10, even though revenues dropped precipitously (as a result of gates and USD/CDN exch rates) from 07-08 to 08-09?

by pepper on Nov 20, 2008 10:38 PM EST reply actions  

I think it's that the sharp decrease in revenue isn't being projected for this season since season tickets, luxury boxes, and advertising contracts are set and thus revenue this year is more or less set so the cap for 09-10 won't go down that much.

However these major revenue sources should go down for the 09-10 season, but the salary cap number won't be affected until the escrow payments are made or until the 10-11 season's cap is announced

by DMG on Nov 21, 2008 10:33 AM EST reply actions  

Comments For This Post Are Closed


User Tools

A Washington Capitals blog from the most powerful city in the world

FanPosts

Community blog posts and discussion.

Recent FanPosts

Peter_bondra_jamiesquire_small
Take away the Shootout Point
Img_2176_small
Why the Caps Should Trade for Jeff Carter
297235_228875923843877_197693266962143_697284_1857293148_n_small
Defending the Blue Line Needs Your Vote
Me_small
The NHL violated the CBA with the Ovechkin suspension
Hunter_small
On the positives of a suspension
Brutus-o-logo-toledo-mfjpg-29f8a7e84e5ea1c7_small
If we win the SE, who do you hope finishes at 6?
Rmu_vs_upj-029jan24-2010_small
Why I am against automatically "standing up for teammates" no matter what the circumstance
86-87_small
East-West Tracker
Semin_small
Is the 4-game win streak a sham?
Brock_small
Caps Players and "The Wire"

+ New FanPost All FanPosts >

FanShots

Quick hits of video, photos, quotes, chats, links and lists that you find around the web.

Recent FanShots

OT Hockey - 2/10
One hard-working assist, one breathtaking goal, one hundred per cent awesomesauce. Ladies and...
OT Hockey 2/8
Evgeny Kuznetsov hams it up as he joins the Russia men's national team for the "Sweden Games" leg of the Euro Hockey Tour in Helsinki, Finland.

There's a bit of controversy as their game against the Finns is scheduled to be played in Helsinki's outdoor Olympic Stadium.   Where the daytime temps are currently approximately minus-15 degrees Celsius, with periodic heavy snow.

This interview with head coach Zinetula Bilyaletdinov is fascinating, as he frets about the weather and especially when the reporters press him on the leaked reports that Kuznetsov will be centering the top line for Team Russia, just weeks after his 20th birthday. 

(Photo courtesy Russian Ice Hockey Federation)
OT Hockey 2/7
From Wawota.com
OT Hockey 2/6
From our good friends at CSN Washington
Hockey4Hope
Gill

+ New FanShot All FanShots >

Southeast Standings

GP W L OTL PT
Florida 53 25 17 11 61
Washington 54 28 21 5 61
Winnipeg 56 26 24 6 58
Tampa Bay 53 23 24 6 52
Carolina 56 20 25 11 51

(updated 2.11.2012 at 8:02 AM EST)

More great SB Nation Blogs

The Vault

Guidelines_medium Tweeters_medium Cap_side2_medium Draft_side2_medium Exchange_medium Cba_side2_medium Rules_side32_medium


Managing Editor

Jp_avatar_2_small J.P.

Associate Editors

Witt_small David Getz

At_kettler_small Becca H

Avatar_small Kareem E.

Murphy_lenin_beard_small Rob Parker

Ad34hihocwl0x15cmoubvuxdb-ehczsv8ag3k6qkujpodapllokm7crajbsbss2axbdk11fp2iur8jkoxdxmitirvrgrctxufboskj7xu4bwhtulx7o19cm_small Stephen Pepper

Captain-c_small EmilyB

Contributors

Ov_avatar_small tuvanhillbilly

Moderators

Hunter_small Bald Pollack

Gould_small Gould Old Days

79c29_small Knee high to a duck

4140101486_small Rink Moderators