Disclaimer: There are a few gaps of missing information in this article that could change the overall numbers. We are working to fill as many of those gaps as possible and will update this article with them if/when we learn more. Nonetheless, we stand by the overall premise of the article and do not believe it will change radically with any of the additional information we are seeking.
It’s no secret, the Golden Knights are tight against the salary cap. In order to solve this issue, they are going to have to find a way to shed some salary. Of course, there are multiple ways to do this including trading players, waivers, buyouts, injuries, suspension, and likely more that we aren’t even aware of.
But, no matter which way you break it down, it’s a fact that something is going to have to happen to make sure the Golden Knights are cap compliant when all is said and done heading into the 2019-20 season.
Trying to guess exactly will happen will probably yield results about as accurate as when dogs pick winners by going for the treat on the left or the right. So let’s leave that for another day (plus, if you’ve listened to our podcasts or any of the many radio spots Jason and I have done over the last two months, you’ve probably got an idea of what we think is going to happen.).
Instead, in this article, I’m going to try to fill in another one of the 5 W’s. Instead of “who,” “what,” “where,” or “why,” we shall try to solve the “when” in the salary cap equation.
The league calendar resets on July 1st. Thus, until then, every player on the Golden Knights is still considered to be paid under their 2018-19 salary as it pertains to the salary cap. So, between now and June 30th, the Golden Knights will not be forced to do anything as they are well below the salary cap limit.
However, on July 1st, the 2019-20 calendar begins, and Mark Stone, Max Pacioretty, Marc-Andre Fleury, Nate Schmidt, and Alex Tuch’s new contracts will all kick in. That’s when the cap number starts to get tight. But exactly how tight is important in relation to when the Golden Knights must make something happen.
By rule, the CBA states that no team may cross the “Upper Limit” (a fancy word for the salary cap) at any time using their “Average Club Salary” (fancy way to say the total amount of money committed to players for the league year).
That “upper limit” number for the Golden Knights during the offseason is approximately $95.6 million. (For a complete breakdown of how I came to that number, see the end of the article.)
The CBA also states that there are eight categories of salary that are all added together to calculate a team’s “Average Club Salary”. Of the eight, the Golden Knights have a sum greater than $0 in four categories.
On July 1st, 2019, the sum of those four categories for Vegas is $90,878,214. (To see the exact breakdown of this sum, including the eight categories, see the end of the article.)
Thus, by rule, the Golden Knights are NOT required to move any player on July 1st in order to become cap compliant. ($95,600,000 – $90,878,214 = $4,721,786)