Bad job by me yesterday in my post on the Rangers cap situation not properly pointing out how the new CBA's "Redden Rule," which is the formula used to figure out the proper cap hit for those one-way and two-way NHL contracts sent to the AHL, will affect the Blueshirts. So here it is courtesy of Cap Geek (H/T to reader Andy E.)...
BURIED CONTRACTS (Wade Redden Rule)
Money paid to players outside of the NHL counts against the cap.
A one-way contract counts against the cap as follows:
cap hit – [ minimum salary + $375,000 ]
Example: If Wade Redden plays in the minors in 2012-13, he counts as follows.
$6.5M – [ $525,000 + $375,000 ] = $5.6M
A two-way contract counts as follows:
minor-league salary – [ minimum salary + $375,000 ]
Example: Player A’s two-way contract pays $3M/$1M in 2012-13 and counts as follows in the minors.
$1M – [ $525,000 + $375,000 ] = $100,000
Using this formula, if demoted, Arron Asham's cap hit would be $7...