It was mentioned a couple days ago that the collective bargaining agreement was officially agreed upon to be extended until 2011-2012. The other part of that was agreeing to boost the salary limits for this season. Both the NHL and the NHLPA were happy to announce what, exactly, those limits would be for the upcoming season.
The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2010-11 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $43.4 million, an Adjusted Midpoint of $51.4 million and an Upper Limit of $59.4 million.
So the salary cap jumps up nearly $3 million to $59.4 and the salary floor goes up to $43.4 million. Keep in mind that the salary cap five years ago was $39 million dollars. The price of success certainly is a steep one and while the owners in the NHL can’t be upset that they’re generating so much revenue (revenue is linked to the cap after all) some of the teams not raking in the cash as heavily have to be getting a little itchy seeing their bottom lines getting worse year in and year out.
That said, teams like Chicago, Philadelphia, and Boston are more than happy to see the cap jump up as much as it has as it gives them a bit more flexibility and relaxes the stress on them to make overly drastic moves to reduce payroll.
Noteworthy move out of Pittsburgh on Tuesday — the Pens have waived 31-year-old Eric Fehr.
Fehr, in the last of a three-year, $6 million deal with a $2M cap hit, has appeared in 55 games this season, scoring six goals and 11 points while averaging just under 11 minutes a night.
He was also a regular in last year’s Stanley Cup run, scoring three times in 23 games.
Though his role decreased, Fehr was still frequently used by head coach Mike Sullivan — albeit in a more limited capacity. He was a good PK contributor, and did play over 10 minutes in Saturday’s outdoor game win over the Flyers, registering an assist.
The immediate speculation is that Pens GM Jim Rutherford waived Fehr to clear some cap space for a future deal. Rutherford already acquired Ron Hainsey to help bandage the Pens’ defense, and could be pushed to make another splash in the wake of Washington’s blockbuster deal to get Kevin Shattenkirk.
If the St. Louis Blues were enjoying another season like they enjoyed last year, they wouldn’t have traded Kevin Shattenkirk.
But in the words of GM Doug Armstrong, the Blues are currently “in a precarious playoff spot,” so yesterday Shattenkirk was dealt to Washington for a haul that included a first-round draft pick in 2017 and 22-year-old forward Zach Sanford.
“It just felt that where we are and where we need to go, it was time to make a move,” Armstrong said.
“I think when we got through last year’s playoffs, knowing that we were going to be entering unrestricted free agency with a number of players over a two- or three-year span, we wanted to turn the tide over to a different core group of players, and this just continues down that path.”
Armstrong listed Alex Pietrangelo, Vladimir Tarasenko, Jaden Schwartz, Colton Parayko, and Robby Fabbri as parts of the new core.
“There’s change in this game,” said Armstrong. “All organizations go through it.”
The Blues enter tonight’s game against the Oilers just two points clear of the Kings for the second wild-card spot in the West.
The Ottawa Senators made Alex Burrows‘ contract extension official this morning.
The day after acquiring the 35-year-old forward from Vancouver, the Sens announced that Burrows had signed a two-year, $5 million extension with a 10-team no-trade clause.
Ottawa gave up 19-year-old prospect Jonathan Dahlen to get Burrows from the Canucks.
“I think we’ve become a tougher team to play against and with the acquisition of Alex Burrows we’ve become an even tougher team to play against,” said GM Pierre Dorion, per the Ottawa Sun. “We all know how games are at this time of the year and, hopefully, when our team gets in the playoffs, how they’re grinding, difficult games.
“Getting someone of Alex’s character is something we couldn’t turn (away from). Our players have done exactly what we’ve asked of them. They’ve played hard, they’ve played a system and we just felt it was time to add another piece. In Alex Burrows, we’re ecstatic to have that piece.”
After last night’s 5-1 loss in Tampa Bay, the Sens only have a four-point playoff cushion, so there’s still work to be done down the stretch.
Ottawa hosts Colorado Thursday.
Related: Canucks GM says he isn’t done after trading ‘heart and soul’ guy Burrows
Chicago re-upped with a pair of veteran skaters on Tuesday, agreeing to one-year contract extensions with d-man Michal Rozsival and forward Jordin Tootoo.
At first glance, these deals certainly appear to be expansion draft-related. The Sun-Times notes this will allow ‘Hawks GM Stan Bowman to protect former first-round pick Ryan Hartman, who’s enjoying a breakout campaign with 15 goals through 57 games.
Rozsival, 38, has been the more active of today’s signees, appearing in 51 contests while notching a pair of points. He’s won a pair of Stanley Cups in Chicago.
Tootoo, 34, was signed last summer and has appeared in 36 games. He’s gone scoreless while racking up 21 PIM.
Rozsival’s current deal pays $600,000, while Tootoo’s is at $750,000. Terms of their extensions weren’t released but it’s fair to suggest the dollar figures will be similar, given Chicago’s pressed right up against the cap ceiling.
Bowman certainly seems to be getting his house in order ahead of the aforementioned expansion draft. Last week, he inked journeyman goalie Jeff Glass to a two-year deal, another move that appeared to be with Vegas in mind.