If you noticed, I quoted both of you because I was trying to figure out what the ramifications would be if we did and threw it out there because the subject was on sending a player down and the whole waivers system. I don't know it very well, so I brought it up.
Make sense now?
Under the new CBA, the team claiming a player assumes the remainer of the contract and the cap hit for salary still owed
In the event that the contract was structured as such to to spread a cap hit with lesser actual dollar amount compared to annual cap charge, then the team that is loosing the player will be penalized the amount of the remaining difference.
For instance.....let's say the new deal we gave Elliot was 4 years 20 million but we paid him 8 mill last year 5 mill this year and 3.5 each of the final two years. His annual cap hit would be 5 mill a year.
So if he were claimed on wavers today, his new team would assume his remaining pro-rated salary for this year as well as 3.5 mill each of the next two seasons. The Blues would get a 'cap sharge' of 3 million for the cap savings we received in the first year of the deal where he counted only 5 million while we paid him 8 million.
Now, that's not an actually monetary charge and wouldn't cost the Blues a penny, considering we have the most cap space in the league and and barely even pay up to the salary floor, the 'charge' wound not only NOT be a determent, it could actually be welcomed because it would allow the club to actually spend even less 'real' money next year (if they so chose to).
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