Back in December, TSN reported that during the Board of Governors meetings, teams were advised that the upper limit of the salary cap would swell to $71.1 million next season from the current $64.3 million based on projected increases in hockey-related revenue. Gary Bettman told reporters at the time:
"These are preliminary estimates, it's in that range. And I said to the board there shouldn't be any issue or consternation, if that's the cap level, it's because the revenues have gone up. And that's a good thing."
However, there may be one thing Bettman and the NHL didn't take into account; the recent downtrend in the value of the Canadian dollar.
During the Rangers-Devils game on Sunday at Yankee Stadium, one of the CBC commentators (apologies, I didn't recognize the voice; it may have been former NYR goalie Glenn Healy) quipped about this very subject.
"One thing that will affect the cap though, is the dollar, the Canadian dollar at 90 cents because so much of the economics are from Canadian teams. You're not going to get the revenue you need. Even though we have these big magical games, the Canadian teams drive the bus in revenue. 90 cent dollar and (American) salary for your players' equates to the cap going down a little bit from the projections."
Elliotte Friedman in his "30 Thoughts" column released yesterday, elaborated further about how the decrease in the Canadian dollar will affect the salary cap next season.
6. I asked a couple of capologists what they think a 90-cent Canadian dollar (or lower) will do to next year's cap ceiling. Both said it's not insignificant. One predicted it could drop the total by $1 million, while the other said he ran a model that put it closer to $1.5 million. Something to keep an eye on.
With yesterday's news regarding Callahan and Girardi's contract situations this is probably the last thing Sather needs in hopes of re-signing his captain and top pairing defenseman to justifiable long term deals as the Rangers are probably going to need every last penny to get it done.
I don't believe the best recourse for the Rangers to free up cap space while staying competitive, is to start raffling off their UFA's for picks and prospects in hopes of those players will pay dividends in 2-3 years with Lundqvist pushing 35. I also wouldn't want to be the guy who would have to tell Lundqvist, who just signed the biggest contract a goalie has received in quite some time, that trading Girardi and Callahan for picks and prospects is in the best interest of the organization and would help him win a Cup sooner rather than later. Something tells me he wouldn't buy that premise.
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while i wouldn't mind buying out Richards, there better be a plan to get a person to replace his point production. It needs to be one person not a bunch mediocre players. I want one playmaker that can put up 60-80 pts a season.
just read in hockey news,maybe this is reason we have been scouting av's, looking to possibly trade statsney or oreily at deadline for solid defensive help. Mr Girardi and a prospect or pick for mr oreily : )
bad for Richards or nash also cally and girardi. helps sather in negotiating with lower cap and drives FA prices down. who is offering Cally 6 for7 now NO ONE but probably gets girardi signed reasonably
Hank should of signed for 6-7 million i don't know why he took that much, it just hurts his chances of winning a cup because we will have less money to spend.
Every GM has to deal with this. If the Rangers had been smarter with money, including the Lundqvist contract, this wouldn't be such a big deal. Sure, I'd like to see a reasonable deal get done for all parties concerned, but it's not like we've won a Cup or anything with this current group. Look at what the Blackhawks went through after they won their first Cup.... and then they were back again a short time later. It can be done.
@TheNYRBlog time to wrap Richards in bubble wrap
Just making the buyout of Brad Richards even more inevitable... or did we already buy him out? because i havent seen him on the ice in about 2 weeks anyway.
@GRight. Because there are a ton of those available. Oh and you want one for less than what Richie's making? No problem! Because elite guys are always willing to play for less money and teams are always willing to part with them in exchange for low round draft picks and 3rd & 4th liners.
I apologize for directing this in a reply to you here, G, but I feel like I hear this a lot on this blog. As if buying out Richards is this magical solution. Or sure, trade Henrik if he asks for 8 years or Cally or Girardi if they ask for more than $5M. Because there are a ton of equivalent players available to replace them with for less money/years.
It seems like everyone is quick to say dump this guy! Get that guy! OK, great. But we're gonna get Evander Kane for significantly less? I mean, maybe. Gomez to Montreal and McDonagh back? Hell yeah I'd take another one of those. But that's a once in a decade lucky break. And yeah, Kane's younger, which is great, but he's not the playmaker that Richards is, nor does he have Richie's vision, which is not as great.
Not that I'm any smarter, and maybe it would be better to buy him out. But it seems like the people who yell the loudest for buyouts/trades/etc don't take into account that it's not just shopping - you don't just say "here's $6M, we'd like to lease Antti Niemi, for 4 years, please."
@Bring back Langdon cally would never get 6 years for 7m
the rangers offered him that money, would you expect lundqvist to say "no thanks."?
@AL55SJust fire that piece of sh*t Sather already! FIRE SATHER!
evander kane is younger, scores more and hits as much and is tough as nails. that being said I would give him 6 million for 7 of his prime years instead of Callys 7 declining nevcer had a 30 goal season career. as for richie i would buy him out for cap space to sign a younger player like kane for example or an oreily. but I prefer trading Girardi and change for oreily
@MattNYR12@Chaz1020_@TheNYRBlog Totally agree. I rather trade em for picks then sign them for a ridiculous contract and not have a chance to win anyways. At least we can maybe get a good player in the draft rather then using so much money toward the cap. Wants the since of having Cally and Girardi if the team can't get other pieces to improve.