Cap room to spare
How is a player's salary charged against a team's salary cap when a trade is made at the deadline?
The salary that is charged against a team's cap is the pro rated amount remaining of the player's average yearly salary. For example, if a player has an average yearly salary of $2 million, the amount charged against the acquiring team's cap is the pro-rated amount remaining of $2 million.
This is calculated by dividing $2 million by the number of days in the season (187). The amount ($10,695) is then multiplied by the number of days remaining in the season from the day the trade is made (41 days if trade is on deadline day) to ascertain the amount charged against the team's cap ($438,502).>> league release
What can teams spend?
$1-million space x 187/41 = $4.56-million
$3-million space x 187/41 = $13.68-million
$4-million space x 187/41 = $18.24-million
$5-million space x 187/41 = $22.8-million
And so on.
So the Capitals, who have about $14-million cap space to work with according to nhlnumbers.com, would be able to add the equivalent of $64-million in contracts on Feb. 26.
Just in case Peter Forsberg's looking for a lot of cake, I mean.
I guess the point is that there aren't all that many teams that are going to be seriously limited by a lack of cap room at the deadline. The Flyers and Maple Leafs are tight up against it, but other than that, it's fairly wide open.