So, they basically tacked on an extra fours year at very little pay, just so the cap hit would come down. Under the new rules, this hit would have been reduced to the annual cap hit of $5.3 million. In 2016, they traded Weber to the Canadiens for P.K. Both clubs could see cap recapture penalties but the Predators will bear the heaviest burden. Ever. The salary-cap recapture penalty was also implemented, which goes into effect when a player carrying one of those lengthy contracts retires. The league made it prohibitively expensive for those teams to collude with players to get them to retire early, and just magically make the cap hit disappear. It’s still a big ticket, but still not quite the poison pill it might have been, since if he’d retired with one or two seasons left on his deal, the huge number of the penalty being divided over so few seasons would have left the Canadiens’ cap in ruins. Under the funky math of cap recapture it was deemed to have “saved” $9 million against the cap. The first was on a smaller scale to the Los Angeles Kings for Mike Richards’ contract. Shea Weber brought so much joy to Nashville Predators fans over many seasons, but now he might bring so much pain. To put that number in context: Even with Subban's 9 million cap hit, the Predators entire defense signed for next year comes to a total of $21,862,500. Be part of the A Successful Behavior staff! “I don't know what he's getting paid,” Benning added. Preds still get a 27-31 year old Subban to replace a 31-40 year old Weber. fbq('init', "1578981752316085" );fbq('track', "PageView"); (adsbygoogle = window.adsbygoogle || []).push({}); October 15, 2020 • Well it all depends on if Shea Weber ends up retiring before his contract expires and if so, how many years are left on his contract. Back to what this all means to Shea Weber and the Nashville Predators (and slightly to the Montreal Canadiens). Should Weber retire at any point prior to the conclusion of his contract in 2025-26, the Predators would be subsequently be imposed a cap recapture penalty equivalent to that amount divided by the number of years remaining on the contract. The Devils dodged a bullet when Kovalchuk retired early into his contract. CBA| Montreal Canadiens| Nashville Predators| Shea Weber. Most could play out the remaining term of their respective deals. eligible for parole in 25 years, Bolivia set to vote for president after polarized campaign, Apple supplier Foxconn aims to supply to 10% of global EVs, MLB playoff schedule 2020: Full bracket, dates, times, TV channels for every series, San Diego Zoo Temporarily Closes Gorilla Exhibit After Aggressive Interaction Between Animals, Can One Appliance Really Replace Most Of Your Kitchen Gear? Under the old rules, those figures would be divided between how ever many years were left in their deals. Regarding Shea Weber trade talk and cap-advantage recapture New, 27 comments Tim Panaccio conducted a mailbag on Sunday in which he hypothetically asked what people would trade for Shea Weber. One element that was lost in the frenzy that was Wednesday afternoon was the potential salary cap recapture repercussions for Nashville stemming from yesterday’s Shea Weber for P.K. February 22, 2018 at 12:30 pm CDT ... Wouldn’t there be a cap recapture penalty had he retired as a Predator?  The difference – $24,571,428 – becomes eligible for recapture. It has been amended to reduce potential impact in the future. So, to bring the cap hit down to a more digestible number, they gave him another $6 million over an additional four years, keeping him under contract until he is 40. If the NHL decides not to apply the cap recapture penalty to the Nashville Predators in the even of Shea Weber’s retirement – or if they decide to apply a reduced penalty, or any other sort of altered punishment – then the Canucks will have serious cause to petition for some compensation. Nashville matched a hefty offer sheet from the Philadelphia Flyers in 2012 before the last NHL lockout and the current CBA. colleges, Males to serve lower than two years for ‘unprovoked gratuitous violence’, Climate forecast, alerts and UVB index for London, Friday 16 October 2020, Learn the complete transcript of Joe Biden’s ABC Information city corridor, TTC recalling remaining furloughed workers – Toronto, Czech Republic’s new COVID-19 circumstances hit one other one-day file, Wall Road réduit ses pertes, mais finit en baisse. A source told The Athletic's Pierre LeBrun it's nowhere close to Luongo's former salary, guessing it's around $200,000. Assuming he retires within the final three years, the Predators could see cap-recapture penalties ranging from over $8 million annually to $24 million. Back then, several teams signed a handful of players to exceedingly long, heavily front-loaded contracts as a mean of garnering a more favorable annual salary-cap hit. And they have to pay that salary cap recapture penalty spread out across how many years are left on … When Paul Holmgren offer sheeted Weber to his historic 14 year $110 million deal, he frontloaded the contract as much as possible, hoping that it would dissuade the smaller market Predators from matching. Why would players sign these deals? None have been bigger than the eight-year $84 million deal that Carey Price signed three summers ago. Weber, 32, will be 40 when his current deal expires. With an AAV of $6.67 million, that equated to 20 million dollars over those three years in AAV, when he was paid $23 million. Those numbers are bad enough, but it's the penalties in the final three seasons that's concerning. The Montreal Canadiens have signed a few enormous contracts in the past few years. The way a recapture penalty works, is teams are given a dead cap hit if the player retires before he reaches the end of his contract. In the meantime, Predators fans — as well as the organization — should hope that the Habs captain doesn't retire before his contract expires. Press question mark to learn the rest of the keyboard shortcuts. Shea Weber cap recapture penalty structure under proposed CBA. Because the Nashville Predators are going to be on the hook for that $24.5 million. The only year that the Predators could have been hit with a worse recapture scenario would have been if Weber was traded after the 2017-18 season, when his contract switches to 6 million dollars in real money a year. MORE: Panthers to retire Luongo's No. Montreal could be impacted by these cap penalties as well, but as long as Weber plays until he is 34, they should avoid them, and they do not impact them as much as Nashville's, not even reaching $500k against the salary cap. Here is how it would have broken down for Weber: Good read from @CrzyCanucklehedon Shea Weber’s potential cap recapture. On paper (according to the salary cap), the Predators only spent $31,428,572 of the $110 million contract. *Contract originally signed with Nashville; ^Contract originally signed with Chicago; "Contract originally signed with Philadelphia. With the NHL and NHLPA agreeing to increase the CBA earlier this week, they’ve additionally amended this cover recapture penalty. If it was clear circumvention from day 1, they should have been declined from day 1. Nonetheless, as an alternative of getting to tear aside their core to clear that form of cash for one yr, they will unfold it out over 4 seasons, with the biggest penalty in a given yr the identical as Weber’s present cap hit. And for Vancouver general manager Jim Benning, the situation is less than ideal. This is exactly what the Philadelphia Flyers did when they signed Shea Weber to an offer sheet in 2012. I mean their cap advantage would be reduced the longer he plays (assuming he stayed with the preds of course, now they don't have that advantage anymore), so the penalty should also reduce the closer he gets to the end of the contract. It is very unlikely that Weber would retire early. The penalty has solely been issued as soon as, with the Vancouver Canucks being slapped with a cap hit of simply over $three million for the following three years after Roberto Luongo retired. That manner he may nonetheless earn his cash however the Habs would have far more area beneath the wage cap, whereas not utterly destroying his outdated staff within the course of. 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So to calculate the cap recapture penalty, the extra 3 million was then divided by the 12 years remaining on the contract, which comes out to $250k. In Luongo's case, Vancouver got tagged the hardest because the team signed him to that long-term contract. Shea Weber The Cap Recapture Penalty (CRP) basically tracks the “cap benefit” introduced by a contract’s salary structure. Their portion, if he retires next year or in 2021 would be over $4 million annually, or over $6 million per season if he pulls the chute in 2022. An entire 6 man defense group of Subban, Josi, Ekholm, Ellis, Jackman, Bitetto signed for less than the maximum recapture penalty that the Predators could face. 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Still, the Habs haven’t been close to the cap in the past three years anyway, so it hasn’t forced them to make any difficult roster decisions. The reality is that the pressure is NOT on the Canadiens, but rather on the Predators, who are the ones on the hook for the potential of a recapture penalty. Should he retire before the final season of his contract, the Preds get walloped with over $24 million. I would expect Weber to play a few more years before eventually ending up on LTIR for a phantom injury to finish off the last few years. Is there more to this story? Examining Salary Cap Recapture In The Shea Weber Trade. Even if he was injured, he would just be placed on LTIR so he would still gain the paycheck, and the Habs would be able to regain most of the cap hit.