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Proposed Rule:Retired Players Under Contract:If a player retires and they are still under contract, they still have to be compensated. They would be owed 50% of their contract for the year they retire and be tracked under the buyout . Therefore if a player who is making 4m (2011-12) retires they would be owed 2m for 2011-12. If the players contract is 4m (2012-13), they would still be owed 2m for 2011-12.
I was hoping to just move those guys to the minor leagues, but this makes a lot more sense in the long run (as they are technically no longer playing, thus why put a retired man in the minor leagues).I am 50/50... I would rather place the man in the minors and have all my money available to me, but for the sake of continuity, I like the rule.
Well how is it done in the NHL? I agree with the rule as long as the retired player is taken off the cap for next season. Clarification
This is how the NHL does it now as of September 2010The "35-and-Older" Clause:When a player aged 35 or older signs a multi-year contract, his average salary is counted against the team's salary cap during every year of the contract, even if the player retires before the contract is up.If the player is sent to the minor leagues, his cap hit is reduced by $100,000.
It is the same for under 35 as well the cap hit stays the same for the duration of the contract unless they are sent to the minors then they take off 100 k