Russo: Cam Barker on Unconditional Waivers

Russo is reporter via Twitter and his blog that the Wild have placed Cam Barker on unconditional waivers for the purpose of buying out the final year of his contract. Barker would then become a unrestricted free agent tomorrow, allowing him to sign anywhere he pleases.

Including Russia.

(Note: please visit Russo's blog for full details. Get there by clicking on the title of this post.)

11 months ago BReynolds 4 comments 0 recs |

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Can someone explain to me

Why there is a discrepancy between a the 2011 salary and the cap hit? I’m too used to baseball not having to deal with this stuff and when I look into hockey and football numbers I get confused.

by John_Locke on Jun 30, 2011 11:42 AM CDT reply actions

Salary is salary...

That’s how much the Wild will actually be paying their players. The Salary cap is the number that is the sum of the Cap hit each player carries. The Cap hit is the average salary a player earns over the course of the entire length of a contract.

Say player A is in the first year of his three year contract that pays: $3 – $3.5 – $4. His salary number is $3 this year, but will change each year. His cap hit will be $3.5 all three years of his contract. Mikko Koivu has a strange contract that fluctuates his actual salary year by year. Next year he’ll make something like $7.5 million, the following year it’ll be something $6 million. His cap hit over the course of his long salary is like $6.75 million.

by Krotz the Wall on Jun 30, 2011 12:16 PM CDT up reply actions

Thanks!

by John_Locke on Jun 30, 2011 12:19 PM CDT up reply actions

All of that is correct

To add even more confusion, bonuses are normally added to the cap hit after the season ends. Sometimes this can hurt an organization, like when the Blackhawks won the Stanley Cup. They actually had to reduce their cap number for the next year because of the bonus overage they had.
Now, to muddle the situation even more, all bonuses will be counted directly towards the cap for the 2011-2012 season since the NHL Collective Bargaining Agreement ends after this season.

by JDesthubert on Jun 30, 2011 12:21 PM CDT up reply actions