[Jmac]

Originally Posted by Hondaracer

So with that recapture they moved the age to 35? Cause it used to be 32 no?
Posted via RS Mobile

Cap Recapture is brand new.

Have fun ...

Spoiler!

For any SPC entered into prior to the execution date of this
Agreement (including any binding Memorandum of
Understanding) that has a term in excess of six (6) League Years
("Long-Term Contracts"), the Averaged Amount of such Long-
Term Contracts shall be calculated and included in a Club's
Averaged Club Salary in accordance with Section 50.5(d)(ii) above
so long as the Player is playing or is injured and is being paid
pursuant to his SPC.

For any period during which the Player under a Long-Term
Contract is no longer playing in the League during the term of that
Long-Term Contract by reason of retirement, "defection" from the
NHL or otherwise (but not death) (such that he is not playing and
is not receiving Salary pursuant to that Long-Term Contract), an
amount attributable to that Player shall nonetheless continue to be
included in his Club's Averaged Club Salary as described below.
(1) Upon that Player's failure to play in the League by reason
of retirement, "defection" from the NHL or otherwise (but
not death) (such that he is not playing and is not receiving
Salary pursuant to his Long-Term Contract) (assuming it is
prior to the conclusion of the Long-Term Contract), the
difference between the sum of the Actual Salary and
Bonuses received by that Player under that SPC and the
sum of the Averaged Amounts charged against the Club's
Averaged Club Salary under that SPC shall be calculated as
follows:
(i) First, calculate the total Actual Salary and
Bonuses paid to that Player under that SPC ("Total
Payment") until the date of such retirement, defection or
otherwise (but not death);
(ii) Second, calculate the total Averaged
Amount charged against the Club's Averaged Club Salary
for the Player under that SPC ("Total Cap Charge") until
the date of such retirement, defection or otherwise (but not
death);
(iii) Subtract Total Cap Charge from Total
Payment. That number shall be referred to as the "Cap
Advantage Recapture."
(iv) The Cap Advantage Recapture shall be
charged against the Club's Averaged Club Salary in equal
proportions in each League Year over the remaining term
of the SPC (i.e., the yearly charge shall be calculated by
dividing the Cap Advantage Recapture by the number of
seasons remaining under that SPC).
(v) In the event of a "bona-fide" mid-season
retirement, the Cap Advantage Recapture as calculated
above shall be charged against the Club's Averaged Club
Salary beginning in the League Year following the Player's
retirement (provided, however, that in the event such
"bona-fide" mid-season retirement occurs in the final
League Year of an SPC, any Cap Advantage Recapture
charge shall be included in the Club's Averaged Club
Salary in the following League Year). In such cases, there
shall be no charge against the Club's Averaged Club Salary
for the remainder of the League Year in which the Player
retires. The parties shall discuss in good faith the treatment
of a Cap Advantage Recapture charge in the case of a
retirement "orchestrated" for the sole purpose of delaying
the Cap Advantage Recapture charge to the following
League Year, and failing agreement, shall arbitrate the
issue.

Illustration #3: Assume that a Player signed a seven-year SPC beginning
in the 2010-11 League Year with an Averaged Amount of $5 million and
Actual Salary and Bonuses of the following amounts:

Year 1: $7,600,000
Year 2: $7,600,000
Year 3: $7,200,000
Year 4: $7,000,000
Year 5: $4,000,000
Year 6: $1,000,000
Year 7: $600,000

Assume that the Player retires after Year 5. The Total Payment equals the
total Actual Salary and Bonuses paid to the Player through Year 5, which
is $33.4 million (i.e., $7.6 million plus $7.6 million plus $7.2 million plus
$7 million plus $4 million). The Total Cap Charge equals the total
Averaged Club Salary for the Player through Year 5, which is $25 million
(i.e., $5 million times five years). Therefore, the Cap Advantage
Recapture for this SPC is $33.4 million minus $25 million, or $8.4
million. That amount will be recaptured by charging $4.2 million against
the Club's Averaged Club Salary in the subsequent League Year (Year 6)
and charging $4.2 million against the Club's Averaged Club Salary in the
next League Year (Year 7).
(2) Notwithstanding the provisions of Sections 50.5(d)(ii)(A)
and (B), in the event that any such Long-Term Contract is
Assigned during its term, each Club for which the Player
plays under the terms of that Long-Term Contract shall be
subject to being charged with any and all "Cap Advantage
Recapture" amounts it receives pursuant to that Long-Term
Contract, provided, however, that if a Club Traded a Long-
Term Contract prior to the execution of this Agreement
(including any binding Memorandum of Understanding)
under which it gained a "cap advantage," the "Cap
Advantage Recapture" shall not apply to that Club for that
Long-Term Contract. For purposes of clarity, the Club to
whom such Long-Term Contract was Assigned after the
execution of this Agreement (including any binding
Memorandum of Understanding) shall be subject to the Cap
Advantage Recapture (if any).
Illustration #4: Using the example above, assume the Player is Traded
from Club X to Club Y on July 1, 2012 (after Year 2), and then retires
after Year 4. In each of Years 5, 6 and 7, Club Y would be charged $1.4
million for a total Cap Advantage Recapture of $4.2 million (i.e., the total
"Cap Advantage" over Years 3 and 4 of the SPC -- $2.2 million in Year 3
and $2 million in Year 4). Even though Club X received a "Cap
Advantage" in Years 1 and 2, because it Traded the SPC before the
execution of this Agreement, it shall not be subject to any Cap Advantage
Recapture for that SPC.
Illustration #5: Using the example above, assume the Player retires halfway
(42 games) through Year 5 and such retirement is deemed to be "bona
fide." To that point, the Total Payment equals the total Actual Salary and
Bonuses paid to the Player through one-half of Year 5, which is $31.4
million (i.e., $7.6 million plus $7.6 million plus $7.2 million plus $7
million plus $2 million). The Total Cap Charge equals the total Averaged
Club Salary for the Player through one-half of Year 5, which is $22.5
million (i.e., $5 million times four-and-a-half years). Therefore, the Cap
Advantage Recapture for this SPC is $31.4 million minus $22.5 million, or
$8.9 million. That amount will be recaptured over the remaining two full
years by charging $4.45 million against the Club's Averaged Club Salary
in Years 6 and 7.