Don't know if this came up for discussion when the new CBA was inked, but I was reading an article about the possiblity of the Rags amnestying Richards, and came across the idea of "cap recapture", which basically imposes a huge cap penalty on teams if one a player with one of those long-term front loaded deals retires before the end of the deal. Looking for calculations about what Kovy's cap recapture would cost in cap space, I saw one calculation that concluded if he retired with one year left on his deal, the cap hit would be $27 million for a single year, $ 13.5 for two years if he retired two years before the end of the deal, and so forth.
Are these numbers correct, and if so, what are the Devils options. I mean, I guess the Devils can keep Kovalchuk on the roster sort of like the Bruins/Islanders did with Thomas and take the $6.6 million cap hit. The cap could reach as high as $90 million by 2019-2020 when you might expect Kovalchuk to be at "retirement" age.
Is there also the concept of a prepackaged buy out and resign, where, let's say in Kovalchuk case, he's "bought out" and immediately re-signed to a seven year $65 million deal? Higher cap hit now, but the Devils can absorb it much more easily than in 2010-2011. Kind of doubt it though.
ADDENDUM: Went back and searched past posts and noticed Tri mentioned the issue briefly, but didn't address the possibility of the enormous cap hit.
Edited by Daniel, 28 May 2013 - 02:00 PM.