The Hitting Zone

The NHL just makes it up as they go along, why can't we?

Archive for the ‘Salary Cap’ Category

UFA Forward Johnson Signs 1 Year Deal

The Penguins have announced Nick Johnson, who was on schedule to become an Unrestricted Free agent on July 1st, has signed a 1 year, two way deal worth $550,000 at the NHL level.

Well one down, a bunch more to go.  The Penguins now have 9 NHL caliber forwards on the roster for next year.  That definition honestly has to be stretched wide to cover Johnson who played only 4 games at the NHL level last season before having it ended by concussion.  The figure of $550,000 at the NHL level will add to the Craig Adams negotiations.  It has been widely speculated that Adams is looking for a raise and Johnson just signed for more than what Adams made last year.   Read the rest of this entry »

Written by ozman51

June 4, 2011 at 4:00 PM

Adams Wants a BIG Raise – Negotiations on Hold

My #1 priority for the Penguins this offseason was to resign Craig Adams followed by Mike Rupp.  I was taken back a little last week when I learned negotiations had not started with the Adams camp.  Now we might know the reason.  According to the PPG, Adams is looking for a raise a, big one.

According to Shelly Anderson discussions with Adams are on hold, but not broken off.  Adams made $550k last season, barely above the league minimum and was arguably the linchpin for the NHL’s best PK unit.  I’d be asking for more money too.    The pay increase is something the Penguins simply cannot commit to right now because they are already up against the existing cap of $59.4 million.  That ceiling is supposed to rise, but by how much and when it will be made official is the question. Read the rest of this entry »

Written by ozman51

May 28, 2011 at 12:01 AM

Salary Cap Increase Will Provide Relief

At the annual conference of the Sports Lawyers Association over the weekend NHL Deputy Commissioner Bill Daly confirmed the NHL’s salary cap, which is tied to revenue, will rise again as it has every year under the current CBA to somewhere between $60.5 – $63.5 million.  The Cap currently sits at $59.4 million so this increase would give GM Ray Shero an additional $1.1 – $4.1 million to work with this off season.  Lets hope the number is closer to the latter. Read the rest of this entry »

Written by ozman51

May 24, 2011 at 8:41 AM

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