Rock Posted August 31, 2005 Share Posted August 31, 2005 I've checked various sites and it says teams can't be over this nor under this at no time, yet it doesn't mention the penalty. Did it ever mention a penalty? If so, anyone remember what it was? Quote Link to comment Share on other sites More sharing options...
'7' Posted August 31, 2005 Share Posted August 31, 2005 loss of draft picks? Quote Link to comment Share on other sites More sharing options...
Akuma Posted August 31, 2005 Share Posted August 31, 2005 Teams can be a maximum of 10% over the cap but must be under it by Oct. 1st, I don't know the penalty if they are over after that period. Here is an example from a Daily News article about Mogilny. As they are within 10% of the team cap, they have until Oct. 1 to get back under the $39 million threshold. "I have until Oct. 1 to make adjustments and I have total comfortability that we'll be able to do that," Lamoriello said. Quote Link to comment Share on other sites More sharing options...
Rock Posted August 31, 2005 Author Share Posted August 31, 2005 During the lockout there was mention the penalty would be over a million. I was wondering in the final agreement if that was the case. That's why I asked the original question. Quote Link to comment Share on other sites More sharing options...
Risky Posted August 31, 2005 Share Posted August 31, 2005 I think the assumption has been a loss of draft picks (a SEVERE one), but I don't know if that's actually been confirmed in print. Quote Link to comment Share on other sites More sharing options...
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