James O'Brien of Pro Hockey Talk breaks down a report courtesy of Craig Custance of ESPN in which teams would be in salary cap hell if the owners get the CBA in their model, which would lower the salary cap from $70 million to around $54 million. Here is the breakdown for the New York Rangers:Rangers: Would be $13.1M above $54M.
Custance assumes that New York would need to buy out Chris Drury and Wade Redden.
Like Myers, Custance points out that Brad Richards will make a Myers-like $12M.
Custance also talks about appropriate punishment for teams who have signed players to deals that "circumvent the cap," including applying the salary each season, rather than the average of the salary, or using the average of the first five seasons as possibilities in the new CBA.
Do Custance and O'Brien realize the Rangers already bought out Chris Drury last offseason? Bad job by ESPN on hockey...once again.
No one likes to mention it, but Brad Richards' deal does...