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WEEI » This Just In » NHL investigating Savard's contract
Tue, 08/10/2010 - 3:31pm  

NHL investigating Savard's contract

Marc Savard's team-friendly contract with the Bruins is under investigation by the NHL after it was already registered with the league. The seven-year, $28.05 million deal is structured to pay Savard considerable money while using additional years to make his cap hit manageable (he will earn half of the contract's money in the first two years and the other half over the next five). The investigation could lead the contract's voiding, which would make Savard a free agent.

 

In rejecting Ilya Kovalchuk's greivance with the league for deeming his 17-year, $102 million deal with the Devils bogus, arbiter Richard Bloch listed in the ruling's footnotes that similar contracts that have already been registered with the league will be under investigation.

 

These so-called "retirement contracts" that have thrown the league for a loop are made when teams, in an effort to lower a player's cap hit, tack on extra years at minimal dollars. A player's cap number in the NHL is determined by dividing total dollars by the number of years, so even in guaranteeing more money in the early years (such as Savard's $7 million in the first two seasons of the deal, which starts in the upcoming campaign) by adding years at low money, the hit is brought down dramatically (Savard's cap hit will be $4.007).

 

The Bruins are in a tight spot cap-wise as the season approaches, but in voiding the contract the NHL would let Savard become an unrestricted free agent, which would mean the Bruins would receive nothing for him.

 

For the complete story, click here or visit the Bruins team page at weei.com/bruins




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