The key details:
Columbus made a $2M signing bonus to Johnny Gaudreau in July, as per his contract. That money will be included in their salary cap figure.
The league is waiving the Oct. 7 deadline to reach the floor of $65M, with the expectation they’ll get there in a “reasonable time.”
Columbus are now projected to be roughly $1.4M under the cap floor of $65M. That can easily be achieved given Waddell’s desire to add a veteran NHL forward via trade or the waiver wire.
7 comments
great decision from the NHL.
not something we see too often!
Wow, big W from the league
Wow, a rare inverse Rule 6.14.
Kudos to the league for not fucking up an absolute softball decision for once.
I mean, yeah. Could you imagine if they made a different decision? The response would be immediate and horrendously negative.
Wait a ruling that doesn’t hurt us? Is that legal?
As an outsider, kind of glad they weren’t stingy about the rules considering the cap with Gaudreau death (RIP). It was something I wanted to ask around here how the cap would work but I didn’t want to be insensitive considering what happend.
Pet peeve: The Salary Cap is the maximum amount a team can spend (with exceptions). The Salary Floor is the minimum amount a team can spend. The term “cap floor” is nonsense.