How can the Canes keep half the cap hit? Do they recieve any type of incentive from the Penguins besides not having to pay Jokinen anymore? The Canes are not a floor team.
You can retain up to half the cap hit/salary in a trade. The Canes traded him for like a seventh round pick and kept $900k of the cap hit according to CapGeek. So in essence they gave up Jokinen for a seventh-rounder and an extra $2.1 million of cap space next year (and prorated this year, but that's irrelevant).
It's kinda goofy, nobody wanted Jokinen at $3 million but the Pens were willing to take him at $2.1. Of course he passed through waivers before Crosby got hurt so there's that. Still, he'd have been nice to have considering he's Guy Carbonneau in the faceoff dot compared to our non-Zajac centers. Not to mention his offensive/shootout skills.
The Canes aren't a floor team, they're practically a cap team. They had 17 players signed at $58+ million for next year per CapGeek before dumping Jokinen. That's why they were desperate to shed any money at all on next year's cap, especially after Semin signed his big extension. Getting rid of $2.1 million of cap space on a forward they didn't need was worth it to them.
Edited by NJDevs4978, 05 April 2013 - 10:09 PM.