According to Helene St. James, Kenny's been trying to trade him but no takers, not even for a draft pick. I would think there's very little chance he'll be claimed on waivers either, not at $1.9m a season. The only way he's going to be traded is if Kenny includes a pick and/or prospect and even then, he'll probably have to retain some of Tootoo's salary in the deal too.
This is not surprising to me at all. GMs around the league are probably aware of our roster/cap crunch and aren't going to be willing to make a trade for a guy they might have before when they can probably just grab that player up off of waivers. Especially when it's still so early in the season and teams just aren't that desperate yet.
If Holland retains some salary in a trade, does that still count against he cap?
RETAINED SALARY TRANSACTIONS
Teams can retain a percentage of a contract’s remaining cap hit, salary and bonuses in trades. The following stipulations apply:
- No more than 50 per cent of the salary/cap hit can be retained
- Salary/cap hit cannot be retained on more than three contracts in one season
- The aggregate cap hits retained cannot exceed 15 per cent of the upper limit
- A contract can be traded only twice where salary/cap hit is retained
I believe, but am not positive, that you can keep salary without keeping cap hit, but I'm not sure that such a case exists at this point. So cannot be sure. I thought that Vanek was an example of this but it looks as if Buffalo has kept a certain amount of his cap space on their books.
Doing the math now to check.
EDIT: After doing the math I find that there's a difference of +$684,877 when including both Pominville and Vanek's Retained Salary Transactions. Meaning their Cap Payroll really should be: 57,642,024. If you don't include those transactions you've got a number that's way off of CapGeek's number. So it looks as if both Salary and Cap Hit were retained on these transactions, but as I'm no Cap Expert... I can't for the life of me make up that difference. Maybe I goofed on some number somewhere, but I have to go to work so can't double check my addition.
- Rick D likes this