jstewismybastardson
Lord Shitlord aka El cibernauta
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Im basically Homer Simpson sitting on my couch, but instead of holding a pennant/flag that says “SPORTS” mine says “CAP RECAPTURE”
go cap recapture go !!!
When a player who could potentially be subject to the cap recapture penalty is traded, his cap advantage is locked in for his original team at the time the trade is agreed to. That value is carried forward until the player decides to retire with his new team (or wherever he ends up — he could be traded 10 more times and the number stays the same). At which point, the full value is spread over the remaining years of the original contract. So, let’s say Parise agrees to a deal this season, which sends him home to the New Jersey Devils to finish out his career. The Wild’s cap recapture penalty locks in at $19.6 million dollars. Should Parise then retire after this season, that $19.6 million would be spread out over five years, meaning the Wild suffer a hit of just under $4 million as we saw before.
However, let’s say that Parise finds a second wind and plays with the Devils through the 2022-23 season. With two years left on his contract, that full value of $19.6 million would be spread over two years for about $9.8 million dollars in cap penalties. If he plays until 2023-24 and retires with one year left on his deal, the full $19.6 million would be due over one year. And remember, if Suter goes the exact same route, you’re looking at potentially double that amount.
The absolute worst case scenario is if both players are traded during the 2020-21 season, and then retire in 2023-24. If they do, the Wild are potentially looking at a cap penalty of... $40,307,692.
go cap recapture go !!!
When a player who could potentially be subject to the cap recapture penalty is traded, his cap advantage is locked in for his original team at the time the trade is agreed to. That value is carried forward until the player decides to retire with his new team (or wherever he ends up — he could be traded 10 more times and the number stays the same). At which point, the full value is spread over the remaining years of the original contract. So, let’s say Parise agrees to a deal this season, which sends him home to the New Jersey Devils to finish out his career. The Wild’s cap recapture penalty locks in at $19.6 million dollars. Should Parise then retire after this season, that $19.6 million would be spread out over five years, meaning the Wild suffer a hit of just under $4 million as we saw before.
However, let’s say that Parise finds a second wind and plays with the Devils through the 2022-23 season. With two years left on his contract, that full value of $19.6 million would be spread over two years for about $9.8 million dollars in cap penalties. If he plays until 2023-24 and retires with one year left on his deal, the full $19.6 million would be due over one year. And remember, if Suter goes the exact same route, you’re looking at potentially double that amount.
The absolute worst case scenario is if both players are traded during the 2020-21 season, and then retire in 2023-24. If they do, the Wild are potentially looking at a cap penalty of... $40,307,692.
