Well, it happened again. Following a night in which both Nic Hague and Nic Roy played in a win against Columbus, they were optioned to the AHL. This morning, they were called right back up and one or both may play tonight against Toronto.
Being shuttled back and forth between the AHL and NHL isn’t new for the Nics. It has happened to Roy three times and Hague twice. They are sent down with the idea of eventually bringing them back up and sometimes it all happens within a day or two.
When it happens, you’ll see dopes like the guys at SinBin.vegas tweet something like this…
It’s about cap space we say.
Reminds me of one of my favorite lines in Seinfeld history when Kramer says “they just write it off.” He has no idea what writing it off means or how it helps businesses, but it sounds smart, so he says it.
They are accruing cap space, all the teams are doing it!
But how? Why? Are you sure?
If you nailed down most, they’ll eventually crack like Kramer and say “I don’t know, but they do it.” And the conversation would end there because let’s be honest, does anyone really care how or why it happens?
But, since you are still reading, you must be someone that cares. So, I’m here today to explain it. (After I spent most of my night last night reading through the CBA and having my buddy Hart from PuckPedia.com further explain it to me.)
The NHL has what they call an “upper limit” or a maximum amount of money a team can spend on their team salaries. This is often referred to as the salary cap. The idea behind it is to make it so that no team can go out and buy the best players and pay their way to a dynasty. There’s a crazy calculation to figure out what the cap will be each year, but that’s for another day. This year the upper limit is $81.5 million.
So, every day at 5PM EST, the league takes a look at every roster in the NHL, calculates the total amount of salary they have on their roster and makes sure it’s at or under $81.5 million. But, it’s not always as easy as simple addition. Instead, they use what’s called an “averaged amount” based on the player’s contract and the length of time he’s been on the NHL roster.
If a player makes $1 million and he’s been on the roster for every day of the season, he counts for $1 million against the cap. However, if that player was off the roster at any point, his cap figure comes down. Here, let me show you an example.
The league season is 186 days long. It runs from October 2nd to April 4th. Thus, every player’s salary is calculated over 186 days. To make the numbers round, let’s use a player that makes $1.86 million. Every day of his contract is worth $10,000 against the cap. $10,000*186 = $1.86 million.
Say this player is on the roster on opening night. The league calculates it as if he’s going to be on the roster for the rest of the year, so his cap hit is $1.86 million. If he’s on the roster every day for the next 40, his cap hit never changes, it’s always $1.86 million.
But, if he’s sent to the minors for one day, his cap hit is now reduced by $10,000 ($1.86 million divided by 186). When he comes back his cap hit is now $1.85 million.
Every day he’s not on the NHL roster, his cap hit decreases by $10,000. Send him down for 10, you save $100,000. Send him away for 30, you save $300,000.
Got it? Ok, let’s move away from this mythical player and get back to the Nics, Hague and Roy.