Wednesday, September 17, 2008

Schneider clears waivers

Ducks defenceman Mathieu Schneider cleared waivers at noon today, which puts Brian Burke in a tough spot. He's still going to try and unload the contract, either via trade (where he would take back a salary from another team) or re-entry waivers.

Here's how that second process would work: Anaheim has to wait until the "playing season waiver period" before putting him through re-entry waivers, which can happen as early as "the twelfth day prior to the start of the regular season."

By my count, that's next Friday (as the European games don't technically count as the start of the season in the CBA).

The Ducks will have to fill out the paperwork to demote Schneider to the minors and then "recall" him. He will have to pass through waivers on the way up, and any team claiming him this time will be on the hook for half of his $5.625-million cap hit (roughly $2.8-million) and salary.

The problem for Anaheim is that clearing only $2.8-million doesn't ease their cap situation enough to allow Teemu Selanne to sign without additional movement. Burke may have to look at shipping out a contract like Todd Marchant's $2.5-million deal in order to make that happen (although he has a no-trade clause).

Schneider will have plenty of suitors, however, at half his salary, but for the moment, he's in limbo and has to attend training camp as a Duck when it opens on Saturday.
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22 Comments:

At 1:19 PM, September 17, 2008, Blogger Quain said...

This comment has been removed by the author.

 
At 1:31 PM, September 17, 2008, Blogger Adam C said...

Wow. I realize that he's old and his contract is big - but it's only for one year. He has the kind of skills that are perpetually in demand almost everywhere. By my count there are 11 teams with the cap space to add him immediately - including playoff contenders Nashville and Buffalo, both of whom lost key offensive defencemen last year.

Clearly the salary cap isn't the only thing limiting payrolls.

 
At 1:34 PM, September 17, 2008, Anonymous Ryan said...

If nobody's willing to pick up a useful player off waivers for a single year contract after a big cap jump, imagine the body count we'll see if the cap falls sometime in the next few seasons.

 
At 1:34 PM, September 17, 2008, Blogger Earl Sleek said...

I've been expecting Marchant to be a fallout from the salary crunch all summer. He's also on the last year of a deal, and the Ducks do have capable forwards to center their fourth line in Ryan Carter or Brian Sutherby.

It may or may not be Marchant, but I suspect there will be more fallout from the cap crunch than just Matty Schneider.

 
At 1:43 PM, September 17, 2008, Blogger FAUX RUMORS said...

1) Ryan: The cap falls? When do you see this? Worst case scenario we can see during this time is for the next 1-2 seasons is an increase at the rate of inflation. It'll likely still rise 3-4 mil next year.
2) Beyond that its only guess work, but it would take a real economic collapse(*not the one being magnifided by political rhetoric) like the late 70's or early 1930's before we'd see a real downward slide in the salary cap.

 
At 1:48 PM, September 17, 2008, Blogger Fred Poulin said...

Todd Marchant has a no trade cause, so it's unlikely he'll ignore it for a trade

 
At 1:51 PM, September 17, 2008, Blogger Earl Sleek said...

Todd Marchant has a no trade cause, so it's unlikely he'll ignore it for a trade.

I may be way off here, so somebody correct me if I'm wrong, but Todd Marchant's NTC was negotiated with Columbus, and he waived it when he was traded to Anaheim.

Whether he waived it or not, I thought that a NTC is only applicable with the team you negotiated it with. Lubomir Visnovsky, for example, had a NTC but was traded before it kicked in. Now I believe there is no NTC that exists between Visnovsky and the Oilers (even though it was indicated in his contract with the Kings).

So I'd guess Marchant's NTC is history. Am I wrong? Right? Close?

 
At 1:55 PM, September 17, 2008, Blogger James Mirtle said...

I believe a player has to be traded for the no-trade clause to be nullified, and Marchant went through waivers. Every source I've looked at says he still has the clause in his contract with the Ducks.

 
At 1:57 PM, September 17, 2008, Blogger Earl Sleek said...

Thanks, James. I'm full of all sorts of misinformation about the CBA. Good to have some checks and balances.

 
At 2:17 PM, September 17, 2008, Blogger Steve said...

I don't believe Visnovsky waived his no-trade clause; the Kings traded him before the clause kicked in, since it was part of his extension, not the original contract. That's part of why he was so upset.

And if they unload Marchant, the Oilers could use a checking centre...but that could just be my weakness for speedy guys with no hands talking.

 
At 2:32 PM, September 17, 2008, Blogger Pooch said...

Too bad pittsburgh doesnt have the space. He would be a good stopgap until Whitney came back.

 
At 2:49 PM, September 17, 2008, Blogger Adam C said...

If no-one wants Schneider for $5.5M, does anyone want Marchant - a 9 goal scorer - for $2.5M? And that still doesn't get them under the cap, much less make room for Selanne.

Burke's going to have to move someone useful like Kunitz or at least Rob Neidermayer - or stash Bobby Ryan in the minors - AND put Schneider on re-entry waivers.

What was the wisdom behind signing Brendan Morrison again?

 
At 2:59 PM, September 17, 2008, Anonymous Anonymous said...

...it would take a real economic collapse(not the one being magnified by political rhetoric)...before we'd see a real downward slide in the salary cap.

Not to go all eco-political, but if anything the problem is being seriously under-played by the weasels in Washington and Ottawa to stop everybody from rushing to the bank all at once.

In the words of Carly Simon, these are the good old days.

 
At 3:05 PM, September 17, 2008, Anonymous Anonymous said...

Maybe Burke should ask Kevin Lowe for advice?

>> "Not to go all eco-political, but if anything the problem is being seriously under-played by the weasels in Washington and Ottawa to stop everybody from rushing to the bank all at once." <<

What do the Capitals and the Senators have to do with anything?

 
At 3:09 PM, September 17, 2008, Anonymous Anonymous said...

Faux, in the words of the Ba-Rock Star, if you think that the current crisis is being magnified then I have a bridge in Alaska to sell you.

 
At 3:10 PM, September 17, 2008, Blogger saskhab said...

Marchant could be stashed in the minors at full cost. Unlike Schneider, he wasn't over 35 when he signed that contract.

 
At 3:11 PM, September 17, 2008, Anonymous Ryan said...

1) FAUX: I didn't predict a falling cap, hence my use of the word 'imagine'.
2) The possibility of the cap falling some time in the worth-talking-about future hovers somewhere around plausible. It's in the league's interests to ensure that if it happens, the results aren't as calamitous as I think they would be now.

From the CBA, 11.8 (a): "If the Player is Traded or claimed on Waivers prior to the no-Trade or no-move clause taking effect, the clause does not bind the acquiring Club." Steve's got it right, it's about whether the clause has taken effect yet or not.

 
At 3:41 PM, September 17, 2008, Blogger therealdeal said...

That's going to be a hell of a deal for Dean Lombardi.

 
At 4:04 PM, September 17, 2008, Anonymous Anonymous said...

Yet more proof of Brian Burke's genius!

 
At 5:11 PM, September 17, 2008, Anonymous Rolling Thunder said...

Not sure why everyone points to LA as the most likely destination - I think it will be Tampa.

Now that the acquring team is only on the hook for half Schneider's remaining salary, TB will only have to move one small salary to fit under the cap (despite the fact that they'll probably end up moving several).

Secondly, they sorely need a veteran presence on their blueline.

And most importantly, they have first crack at him.

 
At 10:54 PM, September 17, 2008, Anonymous Rod said...

Anyone else waiting for Burke to blame Lowe?

 
At 5:41 AM, September 18, 2008, Blogger GMCN Innovations said...

Looks like most managers interested are playing the gamble. They know the situation that Anaheim is in, and could save a cool $2.75Mil by waiting it out.

Anonymous, when the previous Anonymous mentioned Ottawa and Washington, he meant the politicians, not the hockey teams.

 

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