NHLnumbers.com is an invaluable resource for monitoring the allotments of millions of dollars to NHL players, and judging your team’s standing in relation to the NHL’s salary cap. It also allows you to play armchair GM a bit during the offseason, and fantasy-negotiate with your team’s restricted and unrestricted free agents. The salaries and contract duration for every NHL player — as well as those on two-way deals –are delineated there. The numbers there aren’t iron-clad accurate, but the accounting of them is sourced from multiple, reliable venues, including the NHLPA, and they ought to be I think accorded credibility while also afforded latitude for the at times complex financial arrangements teams have with individual player contracts.
Long before the Caps were crowned Southeast division champions last month team management knew that its player costs for 2008-09 would be appreciably higher. Even with Olie Kolzig’s departure the January contract extension for Alexander Ovechkin and the performance of restricted free-agent-to-be Mike Green assured that. And, obviously, Kolzig must be replaced.
To appreciate, though, just how significant a hike in payroll the team will endure, I calculated only the on-the-books-for-next season contract commitments. Those numbers confirm that the rebuild is over.
Keep in mind that the Caps will have counting against their cap hit a healthy number of players who may not play for them next season. Chris Bourque, for instance, may or may not make the club, but he will earn $525,000 from the team. Ben Clymer almost assuredly will not play for the club, but he will earn $1.1 million next season.
(In 2007, the Caps had a buyout with Nolan Yonkman that counted for $75,000 against the cap. They paid Frederic Cassivi $40,000. That’s pretty much peanuts when you’re talking tens of millions of dollars in a cap, but it’s illustrative of how a payroll balance sheet in the NHL has more on it than just the 20-odd sweaters skating on the sheet below you on a given regular season night.)
The Caps spent about $11 million on defensemen last season — and one million of that went to Clymer. They spent just a hair under $7 million in net. The bulk of that obviously went to Kolzig. Goaltending won’t necessarily be cheaper next season as in addition to resigning Huet or another no.1 at a premium price, both Simeon Varlamov and Michal Nuevirth will move into pro careers with the organization.
And the team spent just about $23 million on forwards in 2007-08.
Deadline acquisitions such as Huet and Sergei Fedorov are prorated against the cap, which is particularly helpful in a case such as Fedorov’s, as Columbus picked up the lion’s share of his $6-million-plus salary last season.
According the NHLnumbers, the Caps by early spring 2008 were on the hook for just under $42 million in salaries and bonuses counted against the cap — whereas at season’s start, when the team was closer to $39 million in payroll, it had about $12 million of cap room to spare. One of the reasons George McPhee was able to be so aggressive at the February trade deadline was the cap space he had this past season. Look for him to have a lot less of that in 2008-09.
Recall that when hockey returned post-lockout in 2005-06, the salary caps was at $39 million. In 2006-07, it jumped up to $44 million. This past season it stood at $50.3 million. The salary cap was envisioned as a system of cost controls for the owners, but in three short years it sure has risen fast, hasn’t it? Draw your own conclusions, but recall how the resolution of the 2004-05 labor impasse was characterized — with the owners having the players over a proverbial barrel. I’m not sure it’s quite worked out that way.
We won’t know for some months still what the salary cap will be for 2008-09, but educated guesses peg it in the mid-fifties-million range.
| Player | ‘07 - ‘08 Salary Cap Hit | ‘08 - ‘09 Salary |
| Alexander Ovechkin | $3,830,000 | 9,000,000 |
| Alexander Semin | $1,300,000 | 4,200,000 |
| Mike Green | $833,000 | Brinks truck |
| Cristobal Huet | $630,000 | Brinks truck |
| Chris Clark | $1,050,000 | $2,750,000 |
| Nicklas Backstrom | $2,400,000 | $2,700,000 |
Accounting for just those players’ salaries on the team’s books for 2008-09, NHLnumbers has the Caps committed to forty one and a half million dollars for next season. Alexander Ovechkin’s salary accounts nearly a quarter of that. Moreover, consider that the ranks of the unsigned for next season include a no.1 netminder; Mike Green; Sergei Fedorov; Brooks Laich; Matt Cooke; Matt Bradley; Shaone Morrisonn; Steve Eminger; Boyd Gordon; Eric Fehr; and Quintin Laing.
Oh, and Karl Alzner.
Now Brian Pothier’s $2.5 million is included in that $41 million-plus figure, and his future is quite uncertain. But even if the Caps were to gain cap relief for Pothier, the signing of just Green, Alzner and a goalie, you have to figure, is going to push the payroll fairly close to $50 million. Conceiveably, that might leave the Caps with less than $5 or $6 million of cap space to sign seven or eight name bodies familiar to Caps’ fans. And of course, no NHL team wants to be pressed hard against the cap.
To state the obvious, it will be George McPhee’s most challenging offseason in terms of player contract negotiations and cap management.
Our good friend Dmitry Chesnokov of 
TSN is 
Like throngs of shoppers descending upon the mall on the day after Thanksgiving, the NHL’s 30 general managers are getting their credit cards ready for 12:00:01 p.m. this afternoon when the Unrestricted Free Agent signing period begins.
Wondering if the collective bargaining agreement is proving to be a good move fiscally for the players? Today TSN reports that the NHL will have a 
