More Evidence That NHL Salary Cap Rules Need to Be Modified

July 20th, 2010 by Imtiaz Ferdous Leave a reply »
I had written a previous article about how NHL teams are circumventing the salary cap by using long term contracts.

Today, we were given another prime example. Ilya Kovalchuk was signed to a 17-year $102 million contract by Lou Lamoriello.

First, let's rehash what I stated in the previous article.


First, there was the Hossa contract. He is paid $55 million of his $62 million in the first seven years. So shouldn't the cap hit be $7.9 million for the first seven years instead of $5 million and change?


Then there's Zetterberg and Franzen. Zetterberg helps them save more than $1.5 million in cap space for the first eight years. After that, don't be surprised to see him retire.

And Franzen makes $5 million per year for the first seven years, and yet, his cap hit is below $4 million!

Then there's Marc Savard, being paid $25 million in his first four years of his seven-year contract. That averages out to about $6.25 million per year, yet his cap hit is $4 million.

Then there's Chris Pronger, whose salary was clearly an attempt to cheat the cap. Yet they failed. Since h ...

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