Salary Cap
After months of political manoeuvring and speculation... and pending ratification, Donald Fehr appears primed to formally take office as the Executive Director of the NHLPA with the Ilya Kovalchuk saga providing an appropriate backdrop. Despite having earlier dismissed himself as a candidate for the role, the former MLBPA hardliner is now expected to spearhead the players union through the next series of collective bargaining negotiations in 2012.
Either a spectre to be feared, or a challenge to be relished for NHL commissioner Gary Bettman, one wonders if the league office wishes it had treated the ailing NHLPA with kid gloves following the late, late night coup that saw former figurehead Paul Kelly overthrown in August 2009.
 As the systemic dismantling of this summer’s Stanley Cup champions continues in earnest, league watchers are crying foul. Where detractors of the current, hard revenue based cap once denounced the communistic, unilateral sharing of league revenue as the prime illustration of illogic in the CBA (alongside the long-long term contract loopholes), Monday’s exit of Antti Niemi from the Chicago Blackhawks has helped turn the club into the latest martyr’s of the cap.
- If the TSN reports that Frolov could sign a 1 year deal comparable to that of Afinogenov last season ($800,000) are true, then why weren't the Maple Leafs heavily involved in discussions with Frolov's agent? He's a big guy who can win some pucks, plays a well-rounded game and would fit perfectly in the top line left wing role at a bargain basement price. Remember a few weeks ago when I talked about a deteriorating market? This potential signing may just be the beginning.
- The Toronto Sun reports that the Maple Leafs' Rookie tournament will take place at the John Labatt Centre in London from September 11th-14th this year.
- The Hockey News makes the case for the Maple Leafs as a surprise playoff team this coming season.
- On to the FanPosts. Andrew Edwards (AKA Crazyaces) proposes a solution for these ridiculous long-term contracts, while Michael Cuttell continues his preseason synopsis by evaluating the Leafs' current forward group. [more…]
Ilya Kovalchuk’s record breaking 17 year, $102 Million deal has been shot down by the NHL for reasons of cap circumvention (per TSN). To brass tacks the article, the NHL put the kybosh on Lou and his Swamp Band on the grounds that the deal was being proposed and executed outside of good faith.
In case you haven't already heard, the Maple Leafs have broken off negotiations with prospect Bill Sweatt, acquired in the Versteeg trade from the Blackhawks. In a statement to the Toronto Sun, Burke explained that the club would rather keep a spot on the 50 contract limit open than continue discussions with Sweatt. As the talks continued to stall, the Leafs likely turned and upped their offer to Marcel Mueller, whose ELC contract value sits at $1.12 million. Sweatt is likely looking for a figure close to Blake Wheeler's $2.825 cap hit as a 4-year college free agent, which is a steep price to pay for a player with speed but limited offensive upside. [more…]
When Brian Burke added Mike Komisarek and Francois Beauchemin to an established Leafs cast of Luke Schenn, Tomas Kaberle, Ian White and Jeff Finger it looked to all that the Toronto GM had built himself an enviable problem. A premium blueline, arguably one of the finest in the Eastern Conference, that also came with a premium price tag.
Of course, what began an enviable problem on paper quickly devolved into an actual problem when the new additions failed to mesh into a cohesive unit with defensive and special team frailties more apparent than those of an comparatively budget offense.
Even with news breaking this afternoon of Ilya Kovalchuk's new $60 million contract extension (potentially) with the New Jersey Devils, this 2010 free agency period has been one of the most uneventful and slow-developing offseasons in recent memory. The reason being? Despite a mediocre at best free agent group, there simply isn't enough money to pay these guys what they're probably worth. As one unnamed NHL General Manager put it last week: "The teams with cap don't have cash and the teams with cash don't have cap". The Maple Leafs however, are fortunate enough to have both, and have the opportunity to exploit the market to their advantage. [more…]
Bad news. According to the fine folks over at CapGeek, the Chicago Blackhawks aren't the only team facing cap penalties next season. Here are the basics: a team is allowed to surpass the official salary cap by a "bonus cushion" maxmium of 7.5% for performance bonuses, such as those written into virtually every rookie contract. However, this number is then deducted from your maximum salary cap allowance for the following season.
For example, since winning the Cup, the Blackhawks received plenty of media attention when it was pointed out that Toews' bonus for the Conn Smythe, among others, would push them well over the cap limit. As a result, the Blackhawks will face a $4.157 million penalty for this upcoming season. The Maple Leafs meanwhile will also have $1.4 million deducted from their limit this coming season, thus setting an internal budget at $58 million rather than the league wide $59.4 million. [more…]
Brian Burke is a pretty smart guy. Months ago, he explained to the fans and media that while the current free agent market is weak, it could get stronger as cap strapped teams are unable to submit qualifying offers to some prominent restricted free agents. One such player could be Andrew Ladd, and there could be several other names in play as well. Follow me as a I crunch some numbers to figure out why. [more…]
In the wake of Sunday's blockbuster trades, one cannot help but wonder what's next for the Toronto Maple Leafs? Who's next to go? Who stays?
In any case, I think that it's pretty safe to say that this season is a write-off. We're not making any moves to make a run at the playoffs this season. So, let's look forward and take a look at what the Maple Leafs should look like next season. [more…]
