Thursday, June 26, 2008

Salary Cap set at 56.7 mil for 2008/9 Season/RFA Compensation Schedule

According to TSN, the cap will be up ~ 6.4 mil this season.

It'll be interesting to see how free agency plays out for the Oilers. Assuming they are willing to spend to (within ~1 mil) the cap, this probably gives them 2 or 3 mil more to spend than they may have thought half way through the season. Then again, who knows what that extra money will net them, as all the other teams spending to the cap will have that extra money as well. Last season 16 teams were near or at 48 mil + in spending, with a 50.3 cap.

Additionally, this helps us make an educated guess (probably not exactly accurate, but close enough for our usage) about the RFA compensation levels for the 2008/9 season.

Compensation Due

$863,156 or less - None

$863,156 - $1,307,811 - 3rd round pick

$1,307,811 - $2,615,623 - 2nd round pick

$2,615,623 - $3,923,434 - 1st and 3rd round pick

$3,923,434 - $5,231,246 - 1st, 2nd, and 3rd round pick

$5,231,246 - $6,539,061 - Two 1st's, one 2nd, one 3rd round pick

$6,539,061 or more - Four 1st round picks

*edit* I calculated my first set of these numbers by increasing the compensation levels by the percentage cap increase. That was incorrect, as section 10.4 of the CBA explicitly says that the change in average player salary is to be used, not the change in the cap number. Therefore I revised these numbers and used the ones from NHLSCAP, which are, apparently, an estimate based on this TSN article. Sorry for the confusion, although the difference isn't all that much ($60,000 at the 4 1st level, the highest discrepency).


Blogger PDO said...

Speeds - can the Oilers make an offer to any RFA's this year?

I thought there was a wonky rule about only being allowed to have someone sign an RFA sheet every 2nd season.... and yes, I know I've worded that terribly.

6/26/2008 6:28 pm  
Blogger speeds said...

There is no rule against the number of offer sheets a team could make, in any single year or successive/subsequent years, except that you MUST have the compensation available.

If a team wanted to, they could sign 1 player in the 3rd round comp bracket and another in the 2nd round comp bracket every season, along with unlimited players in the no compensation bracket.

6/26/2008 11:55 pm  
Blogger namflashback said...

I think the only condition is that the "compensation" goes into some sort of "escrow" while the team that holds the players' rights chooses whether to match or not.

So multiple offers can't be made simultaneously that could end up using the same compensation.

6/27/2008 9:26 am  
Blogger Showerhead said...

I tend to think of these numbers in the context of Joni Pitkanen. I assume any RFA raid attempt offers him significant term (IE 4 years or more). Assuming 4-6 years of contract, at what point should Edmonton let him walk?

The answer clearly depends on the team involved but the prospect of a 1st, 2nd, and 3rd certainly doesn't get the fire burning...

6/28/2008 6:20 pm  
Blogger Backhand said...

Agree on the Pitkanen idea. Thats the first thing I thought of when looking at these numbers. 5 million is a lot to pay Pitkanen but letting him walk for a 1st, 2nd, and 3rd does not sit well.

This scale must affect RFA contract values. As an agent I would be saying that Pitkanen is clearly worth more than the three picks so the Oilers need to start offering 5.2 mill+. Not saying he's worth more saying this scale seems to be uncalibrated...

6/29/2008 12:06 pm  

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