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Post by Glenn-Philadelphia on May 31, 2011 10:42:25 GMT -5
If you plan on waiving a player, post the player here. Also, you can take a stab at the math to determine what the cap hit will be next year.
** ALL WAIVER SELECTIONS NEED TO BE COMPLETED BY 6/24 **
D-Kim Johnsson (Philadelphia) [33k]
G-Jonas Gustavsson (Manchester) [720k]
G-Dan Ellis (Pittsburgh) [345k]
D-Brian Rafalski (Hamilton) [118k]
D-Marc-Andre Bergeron (New England) [2.22M]
F-Mike Comrie (Toronto) [53k]
D-Mike Weaver (New York) [200k]
D-Tom Poti (Cleveland) [970k]
D-Martin Skoula (Edmonton) [80k]
F-Keith Tkachuk (Rochester) [135k]
D-Mathieu Schneider (Ottawa) [33k]
D-Aaron Ward (Adirondack) [320k)
G-Miikka Kiprusoff (Cornwall) [1.05M]
F-Sidney F'n Crosby (Buffalo) [6.0M]
F-David Perron (Boston) [310k]
D-Kurtis Foster (Halifax) [664k]
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Deleted
Deleted Member
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Post by Deleted on May 31, 2011 10:54:45 GMT -5
Please post the % savings for years signed.
Jonas Gustavsson Goalie Salary $2,960,000
Three years left on contract.
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Post by Glenn-Philadelphia on May 31, 2011 11:01:15 GMT -5
Philly will be waiving:
Johnsson, Kim
Adjusted salary: 1.2675M
Contract Length: 2 years
Using the following formula to determine un-adjusted yearly contract amount
1 year :1
2 year : .975
3 year : .950
4 year : .925
5 year : .9
Divide adjusted salary by factor to arrive at unadjusted salary:
In this case 1.2675M / .975 = 1.3M
Calculate yearly savings:
1.3M - 1.2675M = .0325M or 33K rounded
Take this amount by number of years left on contract to determine 1 time yearly hit to drop the player:
In my case, it is just 1 year so his cap hit to me next year will be:
33k * 1 (year) = 33K
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Post by Glenn-Philadelphia on May 31, 2011 11:27:03 GMT -5
Please post the % savings for years signed. Jonas Gustavsson Goalie Salary $2,960,000 Three years left on contract. Doing the math for "The Monster": 2.96M/.925 = 3.2M (unadjusted contract amount) 3.2M - 2.96 = 240k (yearly savings) 240K * 3 (years remaining on contract) = 720K (1 time cap hit next year) |
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Post by Michael-Pittsburgh on Jun 1, 2011 12:32:41 GMT -5
Pittsburgh is waiving:
Dan Ellis (G)
Salary: $3.2775 mil
Contract Length: 3 yrs
$3.2775 mil/.950 = $3.45 mil
$3.45 mil - $3.2775 = $172.5k
$172.5k * 2 (remaining contract yrs) = $345k cap hit
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Post by Dane-Hamilton on Jun 1, 2011 14:04:40 GMT -5
Hamilton will be waiving Brian Rafalski
Adjusted Salary 4,582,500
Years 2
Unadjusted 4,582,500 /.975=4,700,000
Yearly Savings 4,700,000-4,582,500=117,500
Years Remaining 1
One time cap hit of 117,500
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Post by Matt-Colorado on Jun 1, 2011 14:39:40 GMT -5
New England will be waiving:
Marc-Andre Bergeron (D)
Adjusted Salary: $4,995,000
Years: 5
Unadjusted: $4,995,000 / .9 = 5,550,000
Yearly Savings: 5,550,000 - 4,995,000 = $555,000
555,000 * 5 = One time cap hit of $2,775,000
Poor guy went from 43/39/23 to 24/17/23 You gotta go!
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Post by Glenn-Philadelphia on Jun 1, 2011 14:41:19 GMT -5
New England will be waiving: Marc-Andre Bergeron (D) Adjusted Salary: $4,995,000 Years: 5 Unadjusted: $4,995,000 / .9 = 5,550,000 Yearly Savings: 5,550,000 - 4,995,000 = $555,000 555,000 * 5 = One time cap hit of $2,775,000 Poor guy went from 43/39/23 to 24/17/23 You gotta go! Ouch babe. I guess you are thinking he wont rebound next year... |
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Post by Matt-Colorado on Jun 1, 2011 15:08:36 GMT -5
I'd be willing to wait an see, but not for 4.9 5 million a year.
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Post by Phil-Cornwall on Jun 1, 2011 20:53:17 GMT -5
Can you post a "all waivers need to be in by ___ date" on the top post so we can reference it ?
I'm having a hard time with all the date sequences...
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Post by Glenn-Philadelphia on Jun 1, 2011 21:14:22 GMT -5
Can you post a "all waivers need to be in by ___ date" on the top post so we can reference it ? I'm having a hard time with all the date sequences... Done |
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Post by Dan-Toronto on Jun 1, 2011 23:03:58 GMT -5
Toronto will be placing forward, Mike Comrie on waivers.
Someone please tell me if my calculations are correct.
Adjusted Salary $2,047,500
Years 2
Unadjusted 2,047,500/.975=2,100,000
Yearly Savings 2,100,000-2,047,500=117,500
Years Remaining 1
One time cap hit of $52,500
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Post by Phil-Cornwall on Jun 2, 2011 6:14:37 GMT -5
Question.......once a player is waived does it IMMEDIATELY take his entire salary off the books ?
All that's left is a one time Cap hit for the following year ?
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Post by Glenn-Philadelphia on Jun 2, 2011 6:38:33 GMT -5
Toronto will be placing forward, Mike Comrie on waivers. Someone please tell me if my calculations are correct. Adjusted Salary $2,047,500 Years 2 Unadjusted 2,047,500/.975=2,100,000 Yearly Savings 2,100,000-2,047,500= 117,50052,500Years Remaining 1 One time cap hit of $52,500 Your bottom line answer was right but there was a slight error in the math above. |
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Post by Glenn-Philadelphia on Jun 2, 2011 6:40:30 GMT -5
Question.......once a player is waived does it IMMEDIATELY take his entire salary off the books ? All that's left is a one time Cap hit for the following year ? Correct. It should also be noted that even the one time cap hit is no longer applied if someone claims him off of waivers. |
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