“One of the things they’re looking at is trading Marc Savard. Now,
for those of you who are unfamiliar, Marc Savard is never going to play
again, unfortunately. He has a concussion issue. However, he has two
years left on his contract. The cap hit is just over $4 million. I think
it’s $4.07 million. However, his actual cash the next two years is
$525,000 and it’s going to be picked up mostly by insurance. I
think about 60 percent of it is going to be paid by insurance. So if
you’re a team that gets that contract, you’re only going to have to pay
about 240,000 of it.
that’s a great bargain if you are looking to get to the cap floor. And
when I really sat down and did the math – I heard about this on Saturday
afternoon. I checked with Peter Chiarelli and he didn’t really want to
tell me, but he didn’t deny it either – so I knew it was kind of true.
“People will say, ‘Why don’t they just keep him and use it to go on LTI.’
reason is in the summer, Marc Savard counts against your cap. You can’t
put a guy on Long-Term Injury until the puck drops. In the summer you
are allowed as a team to go 10 percent over the cap, but they have a lot
of business they have to do, as you said. There’s Dougie Hamilton,
there’s Carl Soderberg, there’s a whole bunch of things they have to do."
the team that I think we might be talking about here – there’s Buffalo,
which is way below, and there’s also Arizona, which is – I don’t know
how they’re going to get to the cap floor next year."
“So I wonder
if Marc Savard is going to one of these teams, which frees up some room
for Boston in the summer and it’s a very cheap way of getting to the
salary floor. And that’s right up the... Coyotes alley with what they’re
doing next year.”
In other words, this is
another way for teams to manipulate the cap. While the actual money paid to
Savard will be around $240,000, the cap hit for Savard will still be at $4,027,143. The cap floor is the minimum that a team has to spend
(in terms of cap hit) to be compliant with the Collective Bargaining Agreement.
For cash strapped, non-contending teams like the Coyotes, it might make sense
to do such a move, to prevent from overspending on players that won’t really
get them anywhere.
Savard is a huge supporter for the Boston Bruins and he is not afraid to be
vocal about it. If a trade were to happen, it will be a sad day for Bruins fans
Read more from Andy Hwang by clicking here. Find him on Twitter on @andyhwang05 and follow @BruinsLife for all Bruins news and updates.