That entry would count as a roster spot.  I'd have to have Colby change the sheet to get that to work right.  It still seems to make most sense to have cash transactions pay towards actual contracts.  IMO.

I am guessing this could resemble what happens when you release a player and owe money on the contract. The team giving up the extra money would have the x designation next to the player saying not on the roster  but would owe the money for the life of the current contract that they are trading.

 

If he hasn't signed yet, wouldn't he have to go for his EXT value?

That is probably the right way to do it, I am not sure if this has come up yet. I would like Rob to chime in also to make sure we are all on the same page. Ironically enough since Fantrax has Bailey as a LW, he is #84 which would be the same 900K contract. It would just be up to Cho to pick the amount of years. He put 2012 on the pick, but not sure if in this case he would mean a 1 year extension, or if in light of this would want to extend him for longer.

Penguins select Josh Bailey LW NYI 800K 2012

It seems that Bailey didn't accept his RFA qualifiying offer from the Islanders so its unclear what his salary for the uncoming season(s) will be at this time. I have placed him currently on the roster pages under last years salary for 1 year (LW Josh Bailey, $0.9m (2011-2012) 875K), but we will have to look at what he eventually signs for going forward.