Post by Andre Deblois on Mar 26, 2014 13:11:20 GMT -5
On March 15th, the Boston Bruins proposed that a temporary increase of the salary cap of 10% prior to the trade deadline be implemented in order to facilitate trades. He pointed out that, in the NHL, teams have more cap flexibility then we as only the percentage of the player's remaining salary is added to a team's salary cap. This allows an NHL team with 2 million in cap space to add an 8 million dollar player at the trade deadline. The simulator does not work this way, but Boston's proposal could be a workable middle ground.
Following ample discussion, the staff have enthusiastically endorsed this idea, and it will be implemented starting this year. The following are the guidelines for the implementation of this idea:
1. The degree by which the cap will be raised will vary from year to year. It will be increased by a percentage of between 5-10% to come to as close to the nearest 5 or 10 million dollar figure. This year's increase will be of roughly 8.8%, temporarily raising the cap to 70 million dollars.
2. In order to prevent any unwanted abuse of this increase, teams will only be allowed to have their cap increased by an amount (up to the announced maximum) equal to the amount of expiring salary on their roster at the time of the increase. If you only have 4 million in expiring contracts, you will only be able to increase your cap by 4 million dollars. This is to ensure that no further action will be required to become cap compliant in the offseason. Only players with 1 year left on their contracts and who have not yet signed an extension for next season will be considered "expiring contracts" for the purpose of the salary cap increase.
3. The increase in the cap will not affect the salary floor, which will remain at 40 million dollars. Teams will not be permitted to fall bellow this floor.
4. Given the realities of our league and the fact that trade negotiations do not happen in real time, we will open up a negotiating window of two weeks prior to the trade deadline. The temporarily increased cap will come into effect from this moment. The timeline for this season will be as follows:
i. The Trade Deadline will be 11:59 p.m. EST on Sunday May 11th, 2014
ii. The last sim prior to the Trade Deadline will be Friday, May 9th, 2014
iii. The start of the negotiating period and first day of the increased salary cap will Monday, April 28th, 2014
If you have any questions, feel free to post them here and the staff will do our best to address them.
We would like to thank the Boston Bruins for their terrific idea, and we encourage any and all members of the VHL who have ideas on how to improve the league to share them as the Bruins did. Not all ideas will be adopted, but they will all be considered.
Following ample discussion, the staff have enthusiastically endorsed this idea, and it will be implemented starting this year. The following are the guidelines for the implementation of this idea:
1. The degree by which the cap will be raised will vary from year to year. It will be increased by a percentage of between 5-10% to come to as close to the nearest 5 or 10 million dollar figure. This year's increase will be of roughly 8.8%, temporarily raising the cap to 70 million dollars.
2. In order to prevent any unwanted abuse of this increase, teams will only be allowed to have their cap increased by an amount (up to the announced maximum) equal to the amount of expiring salary on their roster at the time of the increase. If you only have 4 million in expiring contracts, you will only be able to increase your cap by 4 million dollars. This is to ensure that no further action will be required to become cap compliant in the offseason. Only players with 1 year left on their contracts and who have not yet signed an extension for next season will be considered "expiring contracts" for the purpose of the salary cap increase.
3. The increase in the cap will not affect the salary floor, which will remain at 40 million dollars. Teams will not be permitted to fall bellow this floor.
4. Given the realities of our league and the fact that trade negotiations do not happen in real time, we will open up a negotiating window of two weeks prior to the trade deadline. The temporarily increased cap will come into effect from this moment. The timeline for this season will be as follows:
i. The Trade Deadline will be 11:59 p.m. EST on Sunday May 11th, 2014
ii. The last sim prior to the Trade Deadline will be Friday, May 9th, 2014
iii. The start of the negotiating period and first day of the increased salary cap will Monday, April 28th, 2014
If you have any questions, feel free to post them here and the staff will do our best to address them.
We would like to thank the Boston Bruins for their terrific idea, and we encourage any and all members of the VHL who have ideas on how to improve the league to share them as the Bruins did. Not all ideas will be adopted, but they will all be considered.
