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Salary Cap Loopholes
Maacoshark:
I remember a discussion on the old page about NHL salaries. People were discussing some salaries that they wanted dumped from the Caps salary cap. I made a comment about teams finding loopholes to get around contracts. One member here argued with me that there was no way around the salary cap. Well obviously there is. The Leafs and Hawks used LTIR to free up cap space. And the Caps made a deal with Colorado that saved them 4 million in cap space and allowed them to get the player back. I bring this up because the NHL did investigate the Capitals for the Brooks Orpik transactions. They looked at the trade and signing and found the Caps did nothing wrong. I can see the NHL making some rules changes to stop teams from exploiting this loophole in the future.
The ironic thing is when we discussing trying to dump salaries and I commented on finding a loophole, the contract in discussion was Orpiks.
DC_1908:
--- Quote from: Maacoshark on Saturday September 15, 2018, 09:46:54 AM Eastern --- I remember a discussion on the old page about NHL salaries. People were discussing some salaries that they wanted dumped from the Caps salary cap. I made a comment about teams finding loopholes to get around contracts. One member here argued with me that there was no way around the salary cap. Well obviously there is. The Leafs and Hawks used LTIR to free up cap space. And the Caps made a deal with Colorado that saved them 4 million in cap space and allowed them to get the player back. I bring this up because the NHL did investigate the Capitals for the Brooks Orpik transactions. They looked at the trade and signing and found the Caps did nothing wrong. I can see the NHL making some rules changes to stop teams from exploiting this loophole in the future.
The ironic thing is when we discussing trying to dump salaries and I commented on finding a loophole, the contract in discussion was Orpiks.
--- End quote ---
Good call! More than any sport, for every rule in the NHL, someone finds a way to exploit it. This would either by design in negotiations, or one side being taken advantage of in them.
More than likely BetaMale made Grubuar and Hooks a “package deal”, and either Colorado “outbid” everyone, by “implying” they’d just buyHooks out of his contract to get Grubs, or most likely it was just dumb luck they did and Hooks wanted to stay with Reidon after his payday, and Colorado got Grubs which was there goal.
The later is more feasible.
Mickstix:
I don't really see it as a loop hole, cause (unless Im mistaken) they lost control of Orpik's contract? Dumb luck or rather, no one else being that interested, is the reason he's back.
Maacoshark:
--- Quote from: Mickstix on Sunday September 16, 2018, 08:32:23 AM Eastern ---I don't really see it as a loop hole, cause (unless Im mistaken) they lost control of Orpik's contract? Dumb luck or rather, no one else being that interested, is the reason he's back.
--- End quote ---
The league did investigate but couldn't find anynbwrong doing. I'm sure all parties involved in the deal discussed it and likely knew that this would be the final outcome. Yes this was as salary cap loophole. Why else would the NHL investigate the transaction? There was even rumors it would happen before Orpik even signed here.
Mickstix:
I just see "loopholes" as when you're exploiting something w/o the risk of losing anything.. Orpik became available to any team who wanted to pay him, didn't he? I guess if they'd agreed that would turn down any offers and return to the Caps, that could be seen as a violation, but as far as I know no one wanted him.. Or at least no one wanted him bad enough to pay him more than the Caps?
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