Why do some NHL teams have dead cap space on their books?
In the NHL, teams are required to stay under the salary cap, which is currently set at $81.5 million. Dead cap space occurs when a team has paid a player a signing bonus or other upfront money and then that player is no longer on the team. The amount of dead cap space is the remaining amount of the signing bonus or other upfront money that is still being paid out.
There are a few reasons why teams might have dead cap space on their books. One reason is that the player may have been traded or released before the end of his contract. Another reason is that the player may have retired. In some cases, a player may have died, and the team is still responsible for paying out the remainder of his contract.
Dead cap space can have a negative impact on a team's salary cap flexibility. If a team has a lot of dead cap space, it will have less money to spend on other players. This can make it difficult for the team to build a competitive roster.
However, dead cap space can also be a useful tool for teams. If a team has a player who is not performing well, it can trade that player to another team and retain some of his salary. This can give the team more flexibility to sign other players.
5 related questions:
- What is the salary cap in the NHL?
- What is dead cap space?
- Why do teams have dead cap space?
- What are the consequences of having dead cap space?
- How can teams use dead cap space to their advantage?
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