(Wednesday Mashup) Leafs hit with a bonus overage charge

(Wednesday Mashup) Leafs hit with a bonus overage charge

It was a story throughout the entirety of 2013-14, dating back to the off-season buyouts and RFA negotiations, that the Toronto Maple Leafs were tight to the upper limit of the salary cap. While they weren’t the only team feeling the squeeze of a reduced cap, they couldn’t keep Joe Colborne around after preseason due to limited cap space and his waiver eligibility, David Clarkson’s early season suspension put the Leafs in a cap bind, the Leafs straddled the limit for much of the season sending players up and down to pinch their cap pennies, and late in the season Petter Granberg was flown down to Florida only for the Leafs to find out they didn’t have the cap space available to call him up.

Well, another bill arrived in the form of bonus overages: roughly $475,000 due to performance bonuses achieved by Morgan Rielly and Jake Gardiner.

Bonus overages explained courtesy of CapGeek:

When the bonus cushion is in affect, teams can exceed the salary cap in performance bonuses by up to 7.5 percent of the salary cap’s upper limit. Should performance bonuses actually earned at season’s end push them past the salary cap’s upper limit, the excess bonuses earned will be carried over as a penalty to the team’s cap payroll the following season.

Further:

Bonus overage penalties are currently factored into our 2014-15 cap-space estimates for only three teams: Boston ($4.75M), Detroit ($3M) and New Jersey ($2.25M). This is due to the significance of the overages and CapGeek’s degree of confidence in their accuracy. No other team is expected to have an overage exceeding $1M, although it is possible. We will account for all overages once they have been finalized at the end of the month, after all bonuses have been handed out.

That being said, here are some rough guidelines. Teams expected to have a bonus overage of between $500,000 and $1 million or slightly more: Minnesota, Columbus, Anaheim and St. Louis. Teams expected to have a bonus overage between $300,000 and $500,000: Toronto and Philadelphia. Teams expected to have a bonus overage of less than $300,000, if any at all: Winnipeg, San Jose, Tampa Bay, Washington, Chicago. The following teams are not expected to have a bonus overage at all: Buffalo, Carolina, Calgary, Colorado, Dallas, Edmonton, Florida, Los Angeles, Montreal, Ottawa, Nashville, New York Islanders, New York Rangers, Phoenix, Pittsburgh and Vancouver.

As of right now, factoring in the penalty, the Leafs have just under $22 million in space with 7 forwards, 4 defencemen and 1 goaltender under contract. As James Mirtle put it, putting aside last season’s cap issues, Toronto does have some options this summer as of today:

One difference between this year and last is Toronto can create some cap space to pull off meaningful moves. If the Leafs pass on Bolland and fill their fourth line with inexpensive but useful players from the minor-league Marlies, the team could have roughly $13-million (all figures U.S.) to commit to a solid centre, a top-four defenceman, two depth forwards and a backup goaltender.

If they buyout veteran defenceman Tim Gleason, who has two years remaining on his deal and struggled to earn his $4-million cap hit down the stretch, that would give them up to $16-million to spend.

We’ve talked about it before, but that Gleason buyout is really something worth considering for the Leafs if there is a belief that a cheap contract off the farm like Petter Granberg ($800,000 in 2014-15) is ready to fill the role as a 6/7 guy.

Wednesday Links:

1353 comments
Luke_R
Luke_R

Well Im going to cry myself to sleep.  Good night and see everyone tomorrow

Luke_R
Luke_R

I have come to believe that this "patience" Nonis has may just be confusion and lack of ability to know what to do in situations.  

Luke_R
Luke_R

I just want to wake up and it to be the draft

DeclanK
DeclanK moderator

Nonis: There’s been talk of making Jake Gardiner a forward

Jake Gardiner, a talented defenseman but polarizing at times for the Toronto Maple Leafs, sure endured his share of struggles last season. He was a healthy scratch and had to deal with almostconstant trade speculation.

And his training camp didn’t leave a favorable impression of head coach Randy Carlyle, so nothing like slumping into the doghouse before the season even gets underway.

And here’s something: According to a conversation between Toronto’s general manager Dave Nonis and Toronto Sun reporter Steve Buffery, there was talk of converting Gardiner to forward.

“He was a forward, he started as a forward. He played more of his formative years as a forward,” said Nonis.

“There’s been some talk of it, but I think he gives us an element at the back end that would be hard to replace. He can skate the puck out, pretty good on the power play. So I think right now, we would keep him back there, but …”

ShotgunCharlie
ShotgunCharlie

I have decided that it doesnt matter what the Leafs do this off season....I will continue to be a lemming except I will focus more on bitching and complaining while walking off the cliff with my fellow lemmings

Alec Brownscombe
Alec Brownscombe moderator

My opinion - After mild success in the lockout shortened season, he thought he was putting the team over the top last summer with his big couple of moves. He misread the real needs of the team and they didn't pan out. Now the task has gotten too big for him.

Bring back Burkie

DeclanK
DeclanK moderator

I'm David Nonis. People seem to like me because I am polite and I am rarely late. I like to eat ice cream and I really enjoy a nice pair of slacks. Years later, a doctor will tell me that I have an I.Q. Of 48 and am what some people call mentally retarded.

4evrblue
4evrblue

@ShotgunCharlie  all I ever hear from NoNo is "there are talks and things are heating up but we're not close yet"

Luke_R
Luke_R

@ShotgunCharlie " I think our team is right in the mix with a number of other teams that could finish anywhere from four to 10. And that’s what we even said going into the year"

.

Admits mediocrity... great

Luke_R
Luke_R

@Dewy Keon Hogturd if he comes back before the game changes again, great. If not, well whatever.  Theres other smart hockey minds out there without the side show he clearly brings

T_Ry
T_Ry

@ShotgunCharlie  A far more honest comment than the umpteen claims I've seen of "If the Leafs acquire/jettison Player X this summer, I'll stop being a fan then and there."

Tim Horton
Tim Horton

@Dewy Keon Hogturd Toronto is trying to get Boyle for a 5th rounder lol. I like to speculate as much as anyone but I honestly can't  believe people can make a living writing this nonsense  

reenergized
reenergized

@Dewy Keon Hogturd a few things there spark my interest :) ... I would rather the scabs not get bolye .... wouldn't mind gettign both Bolye's this off season, finding a way to get the first overall and ROR and maybe even Ritche (to keep Phook happy) ....


Not sure which winger to give NRI for their 5th to swap that plus with the panthers for their first ...  


Okay I had my fun ... 

DJBrianBurke
DJBrianBurke

@Dewy Keon Hogturd The Leafs rumours are the same ones everyone has been discussing here before they were rumours. Just need ROR to Leafs rumour. When Stastny signs I guess.


Thanks for posting, still nice to play catch up on the other teams.

Luke_R
Luke_R

@Alec Brownscombe thats the first mistake... i even said here before the lockout season... any thing that happens shouldnt be counted for as normal... its an abnormal season and not a measuring stick... obviously I was right.

.

For example, playing the season like "sprint" is not sustainable by any team in an 82 game season and thats what Carlyle had them doing in the lockout, and last year.

Luke_R
Luke_R

@Dewy Keon Hogturd it was entertainment, which is what pro hockey is, but didnt do much on ice... if anyhting, he would have attracted attention and media, as opposed t how quiet it was during the latest collapse and now even

Luke_R
Luke_R

@Xxxxxnew @Anthony Petrielli probably not much better than todays team.  Maybe squeaked into the playoffs, but no high pick now.  Probably would still have Mac gone, Clarkson signed... how much different? Not much

T_Ry
T_Ry

@Tim Horton @Dewy Keon Hogturd  You know that's exactly what the Islanders paid to acquire his rights, yes?

(Edit: it will become a 4th if he signs with them.)

Luke_R
Luke_R

@Dewy Keon Hogturd ANd I believe he is.  4th? HA. maybe if the boys snorted a line of crack.  More like 7 to 10

Luke_R
Luke_R

Did Bolland even help in anyhting that we lacked in? I dont even remember him that much besides not being able to skate well when he returned

Tim Horton
Tim Horton

@Dewy Keon Hogturd .If I catch one thing that doesn't make sense I just assume everything that person says is a lie, especially over the internet. Simple inquiry, you seem to be supporting him a lot.  

Luke_R
Luke_R

@Anthony Petrielli @lukethenuke @Xxxxxnew So Clarkson would be here 5 years instead at probably 5.5.... does it make any difference really? He's still a disaster 2 years, one year 30 years at anything over 2.5M

Luke_R
Luke_R

@Dewy Keon Hogturd then why no one want him back more than 4 M?? I honestly dont remember much besides two clutch goals that early in the season for him

Luke_R
Luke_R

last two years Clarkson is getting 4.7 and 3.2 so 8 M... not 15...... way off

Luke_R
Luke_R

@Anthony Petrielli @lukethenuke @Xxxxxnew He also would have been signed to more $ a year, and he walked away from at least 7 M from other NHL teams (at least)... from Clarksons situation, he was getting loaded more than he ever thought possible

Anthony Petrielli
Anthony Petrielli moderator

@lukethenuke I mean he would have got like a 5 year deal worth like 26-28M total from Burke vs. like 7x40-42 on the open market. 


Frankly, I don't even think Burke wastes his time with another winger. He would have been looking C+D like Nonis should have. 

Luke_R
Luke_R

@Anthony Petrielli @lukethenuke Mac was gone regardless, he would have wanted a winger.  DOnt think any D were even moved last summer.. i believe minus a few, this is largely the same roster.... maybe no Bolland, maybe no Bernier... in fact could have been worse.