Tag: salary floor

Sean Avery

Rangers waiving Sean Avery could screw up Dallas’ salary cap situation


With the news today that the Rangers put excitable forward Sean Avery on waivers to send him on his way out of New York, the storylines are many. After all, anything that Avery does is put under the microscope and examined.

One aspect of his impending demotion to the AHL, should he go unclaimed that is, is how that move affects the salary cap. No, not the cap of the Rangers who will clear out his salary from their books one way or another, but rather on the his previous team that bought him out.

The Dallas Stars are close to the salary floor, according to CapGeek, and they’re still paying Sean Avery this season $1,937,500 to continue not playing hockey in Dallas. The Stars’ payroll is currently at $49,905,000. If Avery lands in the AHL, his salary cap hit not only comes off the Rangers’ books but the Stars as well. The quick math there shows that by Avery’s cap hit going away, the Stars’ payroll dips to just over $47.9 million, just under $400,000 under the salary floor.

Dallas Morning News’ Mike Heika says the Stars are ready for this.

The Stars were originally under the impression that Sean Avery’s salary cap hit would remain no matter what happened, but they found out today that if Avery does go to the minors (the NY Rangers have placed him on waivers), that his $1.9 million would come off of their salary cap.

That could have them dancing perilously close to the salary cap floor of $48.3 million, but the Stars say they should be fine.

With the Stars’ roster virtually all set for now with 23 players, scraping up that extra money to reach the $48.3 million salary floor means having to potentially make a move that isn’t in the team’s best interests. The tough part here for Dallas is that they don’t necessarily have anyone making big money to bring up to swap out with a less-costly player for the bench.

Stars GM Joe Nieuwendyk has been good about keeping costs down (obviously) while the team goes through an ownership and franchise sale mess, but now he’s going to have to get creative and find a way to shuffle money around to make it work better so the Stars can reach the salary floor.

Race to the salary floor: Four teams still have cash to spend to compete

Josh Bailey

While we’ve been busy taking a look at the cap room a handful of teams will have next year and the lack of cap room others have, there’s still a few more teams that have a lot of money left to spend so that they too can compete this year. Four teams are still under the NHL salary floor of $48.3 million and with most, if not all, of the prime free agent targets signed these teams could be facing a bit of a bind.

Who are those four? CapGeek.com has us covered in knowing who they are and how much they’ve got left to spend. We’ll take a look at each team’s scenario and just what they’ve got left to do to cover the rest of their payroll bill to play next season.

New York Islanders

The Isles have over $9 million left to spend to get to the salary floor. CapGeek lists the Islanders as having just over $39 million committed to next season’s payroll and for a team that’s got most of their roster set for next season, that’s a bit of an issue. To help chip away at that daunting amount, the Islanders have four restricted free agents left to sign. Josh Bailey and Blake Comeau will get a decent pay day once they’re signed to new deals but Micheal Haley won’t get paid much at all and likely ends up in the AHL. Jesse Joensuu has already departed to play in Sweden.

Making things more fun for the Islanders is the talk of bringing back former captain and major buyout victim Alexei Yashin. Yashin is reportedly being offered a deal around $2 million but the stunning part about that is he’s already being paid $2.2 million by the Islanders for the next four years thanks to being bought out back in 2007. Whoops.

If Yashin is signed by the Islanders again, he’ll be double dipping on the team and still unlikely to help them reach the salary floor. That is unless they offered him a contract similar to the one that got the Isles in so much trouble the last time around. Of course, if things play out like that they’ll have to completely rebuild the Nassau Coliseum really fast after hordes of angry Isles fans burn it to the ground.

If the Isles can acquire a defenseman worth a couple million in a deal and get Bailey and Comeau re-signed to improved deals and bring in Yashin, they’ll get closer to the $48.3 million they need to reach the floor. Finding another team to deal with for a defenseman might be tricky and the isles seem unlikely as an option to bring back newly unrestricted free agent Chris Campoli.  It’s never a dull moment on the Island.

source: APNashville Predators

Nashville’s situation can get figured out really fast and really easily. The Predators payroll is sitting at $41.2 million, just over $7 million from the salary floor and they’ve got one really big restricted free agent left to get signed in captain Shea Weber. Weber is one of the top defensemen in the NHL and more than worthy of a big raise and a long term deal with the Preds.

Weber should get a contract somewhere in the range of $6 million-$7 million per year against the cap and with that coupled up with potentially Ryan Ellis making the Predators roster and bringing his entry level deal worth over $1.4 million against the cap the Predators are shaping up just fine to be in compliance with the floor.

The key is getting Weber’s deal done and while the Preds are a frugal team that doesn’t break the bank for anyone, doing so for Weber makes a lot of sense. He’s their best player, the team captain, and he loves playing in Nashville. While the Preds may have headaches next season dealing with Ryan Suter and Pekka Rinne, it’s not as if they’re pushed up against the cap. Time to “get ‘er done” in Nashville.

source: Getty ImagesColorado Avalanche

The Avalanche aren’t too far off from getting things done. Colorado’s payroll is at $45.4 million putting them about $2.8 million off from reaching the salary floor. The Avalanche have just one restricted free agent left to get signed in defenseman Kyle Cumiskey. Cumiskey’s potential deal likely won’t pay him enough to get the Avs to the floor but there’s another guy waiting in the wings that could solve all of Colorado’s problems.

2011 first round pick Gabriel Landeskog is a distinct possibility to make the team in his first year out of junior hockey and should he do that, his first-year entry-level contract will come with a cap hit of over $3 million as the second overall pick in the draft. The trick there is that Colorado still has to sign him to it and then he’ll have to make the team out of training camp. If he does that, the Avs salary floor worries are all taken care of and the addition of Cumiskey’s deal will push them over the floor limit.

source: Getty Images

Phoenix Coyotes

Phoenix doesn’t have much to do to get over the salary floor. With a payroll currently at $47.8 million, the Coyotes only have just over $430,000 left to spend to break the barrier. With restricted free agents Kyle Turris and Mikkel Boedker left to get signed, it’s mathematical that the Coyotes will get over the salary floor. Even if somehow both Turris and Boedker signed contracts worth the league minimum they’d go flying past the salary floor and into compliance.

As it is, the Coyotes will be looking to Turris to have the breakout season they’ve been waiting on since drafting him third overall in 2007. Turris has had his ups and downs in Dave Tippett’s system in Phoenix and being rushed to the NHL under Wayne Gretzky’s watch in 2007-2008 did him no favors. Boedker similarly could use a breakout year as well and he too has struggled under Tippett’s watch. They’ll get paid, but they may not be long for the desert if things don’t pick up.

Tomas Kopecky signs four-year, $12 million deal with Florida to help inch closer to salary floor

Tomas Kopecky, Viktor Stalberg

The charmed life of Tomas Kopecky continues to roll on. While a member of the Detroit Red Wings in 2008 he was part of their Stanley Cup winning team. In Chicago in 2010 he helped Slovakian teammate Marian Hossa lift the Cup as Blackhawks. Now he’s been dealt to Florida and while that seems to be not-so exciting, it’s going to pay off in a big way for him.

Kopecky signed a four-year, $12 million deal  good for a $3 million cap hit with the Panthers today to have him be a contributor to the turnaround of the franchise under GM Dale Tallon. Kopecky making that much money seems outlandish and honestly insane because he finally had a solidly productive season last year punching in 15 goals and 27 assists with the Blackhawks. It was the first time he broke 40 points in his career after only scoring 21 and 19 points the two seasons prior.

The part of this deal that makes it so ridiculous is how it’s helping the Panthers reach the salary floor. While some teams are dealing with how to dance around the salary cap and spending too much money, the Panthers have to spend a lot of money just so they can rightfully play hockey. According to CapGeek, the Panthers have 13 players signed up for next year worth just over $26 million. The salary floor for next season is at $48 million and while the Panthers acquired Brian Campbell last week to help them boost their payroll and play defense, Kopecky’s deal seems to be a gross overpayment to help the team get caught up on the books.

Kopecky did get time last year playing on the top line with Jonathan Toews and was able to be somewhat productive while the Blackhawks fought off injuries. In Florida, however, depending on what else they do in free agency or otherwise he could wind up being their second line winger full time. That’s a bit daunting for a team turning things around and banking on a guy who has had just one statistically productive season.

It’s a continual work in progress for the Panthers but as a team that’s not generating a ton of money and being forced to spend at least $48 million on payroll, it’s a rough life as Michael Traikos of The National Post in Canada finds out. Dale Tallon says it’s a challenge he’s eager to tackle.

“We’re excited about this,” Panthers general manager Dale Tallon told reporters. “It took a lot of pain to get ourselves in this position. We’ve earned the right to do what we need to do to get this franchise turned around.”

Sadly for Tallon, the free agent group this year isn’t all that it’s cracked up to be. With Brad Richards as the top guy available and the Panthers in need of a goalie should Tomas Vokoun leave town as a free agent, the Panthers have a lot of work to do either in free agency or through more wheeling and dealing. Panthers fans have been down and out of it for a while, but for the first time in a long time they’ve got a reason to pay attention come July 1.