The Golden Knights have a salary cap problem and now that we have a set date for the 2020-21 season to begin there’s an official deadline in which that problem must be solved.
Luckily for Vegas, the new COVID-necessitated roster rules should stand to assist the Golden Knights in navigating the muddy salary cap waters this season.
As it currently stands, according to CapFriendly.com, the Golden Knights projected starting lineup (with backup goalie) comes in over the cap by a little more than $100,000. By rule, all teams must be cap compliant by the day of the first game on the league schedule, this year being January 13th. Thus, something has to give.
Normally, Vegas would be in a bit more trouble than they currently are because solving the cap issue would mean sending a player or players away from the team completely and down to the AHL. Plus, they’d be left without any healthy scratch players, which is never ideal. However, with the invention of the taxi squad, the Golden Knights will be able to have players practice with the NHL team, but not count against the cap.
Due to fear of positive tests forcing players out of games at the last minute, the NHL is allowing each team a taxi squad of four to six players. These players will practice and travel with the team but will only be eligible to play in games in the case of an emergency. Technically, the taxi squad players are not part of a team’s active roster, and instead will be treated financially like they are in the AHL. (They are slated to receive NHL per diem.)
Thus, at any time, Vegas is allowed to keep six players, which must include a third goalie, around the NHL team without them counting against the cap. In the past, the Golden Knights have had to yo-yo players back and forth to properly manage the cap. We’ve seen it with guys like Nic Roy, Brandon Pirri, and Jason Garrison, and the first season Alex Tuch, Shea Theodore, and Vadim Shipachyov were sent down before Opening Night to satisfy the cap, but this year they can do it on paper and keep the players around to practice and even travel with the team to road games.
So, let’s talk about exactly how it works, what the Golden Knights can and can’t do, and then lay out a few options they might take to clear the final $100,000 in cap space prior to their first game on January 13th.