Quote:
Originally Posted by AzNightmare
so he's gonna get 10 mil in the 2010-2011 season?
Won't that make him the highest paid player in one season ever?
btw, what does "cap hit" mean?
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Cap hit is the amount of money taken away from a team's salary cap.
For example, if a team has a salary cap of 54.3 million, by signing luongo, 5.3 million would be taken away from 54.3 so the team would be left with 49 million left to sign other players.
It works out to 5.3 mil/yr because that should be the avg of his earnings over his entire contract.
**Note, every team has the same salary cap and it is regulated by the NHL**