Garth gets promoted
"On July 18, 2006, Snow both officially confirmed his retirement and was named the new General Manager of the Islanders [1], hours after the firing of now former General Manager Neil Smith. ... Snow holds no experience as a general manager, aside from the four minutes he has been the Islanders' position."
As a friend of mine just emailed me, "I love how Snow's first move as GM was to give himself an extra 750K in cap space the next two years by retiring himself off the roster. He's already better than Milbury."
Which raises an interesting question: Given that Snow is over 35 years old, does his salary in fact count against the cap (a la Vladimir Malakhov with the Devils) now that he has retired?
Perhaps Snow's move into the GM's seat actually hinders the Isles' wiggle room right off the bat.
by James Mirtle @ 4:58 PM
Trackbacks
| Permalink |
9 comments
9 Comments:
Revoke the Islanders franchise before it achieves nuclear capability.
The way I read it is that the rule is the $$ counts against the cap if the contract was signed after he was 35; it doesn't depend on his age now.
The clause is in Article 50.2(c)(iv) of the CBA, if someone wants to check my reading comprehension.
From wikipedia
"Snow holds no experience as a general manager, though he has had a desire to be a general manager for a while now."
Well, I'm sure he'll be fine then
Matt, Snow signed last summer (mid-July, I believe) for three years. He had just turned 36 at the time.
He signed a three-year deal on July 30th of last year, two days after his 36th birthday.
No wonder he's loyal to Milbury and more than happy to be his puppet.
Now, here's an interesting question; could Snow claim that his MCL caused him to retire, meaning that his salary wouldn't count against the cap or what??
Also, it seems that LaFontaine is leaving the organization as well. Bad time to be an Islanders fan.
His salary is minimal and even if it counts won't really affect their cap issue when it can be spread out over 4 years.
Amusing when we talk about a 'measly' 700,000 of cap space when their underachieving captain is making 7,000,000, and will for another 5 years!!!
Could they have bought him out and then hired him as the GM?
Salary signs against the cap - they cannot buy him out, if he is retired etc etc - still counts.
Similar to NJ and Mogilny and Malakhov.
Only way they don't take the hit is if they get another team to take his contract (maybe a team trying to hit the salary floor or maybe they throw in a pick to get someone to do it).
So can Snow get cap relief for his team by dealing himself, essentially?
That would be unprecedented in all of sports, I would say.
Post a Comment
<< Home