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Post by franko on Aug 24, 2005 11:44:25 GMT -5
Report: Elias signs Devils' qualifying offer
TSN.ca Staff with files
8/24/2005 9:32:39 AMThe New York Post reports that the New Jersey Devils have signed forward Patrik Elias to his one-year qualifying offer of $4.18 million US. If Elias and the Devils do not negotiate a long-term deal this season, the 29-year-old will become an unrestricted free agent next summer. Recovering from Hepatitis A, Elias is not expected to be ready for the start of the season. His salary could be deductible from the payroll under the long-term injury provision that requires players to miss at least 10 games. Once he returns, his salary would count against the cap. As it stands, Elias' salary puts the Devils' payroll at about $44 million US, which is $5 million over the league's salary cap.Elias was set to make $5.5 million US in the cancelled 2004-05 season. Elias has led the Devils in scoring five times, and has 207 goals and 459 points in 558 games. TSN/CPWhat is Lamoriello doing? New NHL? Fiscal responsibility? Riiiight. |
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Post by BadCompany on Aug 24, 2005 12:03:35 GMT -5
Report: Elias signs Devils' qualifying offer
TSN.ca Staff with files
8/24/2005 9:32:39 AMThe New York Post reports that the New Jersey Devils have signed forward Patrik Elias to his one-year qualifying offer of $4.18 million US. If Elias and the Devils do not negotiate a long-term deal this season, the 29-year-old will become an unrestricted free agent next summer. Recovering from Hepatitis A, Elias is not expected to be ready for the start of the season. His salary could be deductible from the payroll under the long-term injury provision that requires players to miss at least 10 games. Once he returns, his salary would count against the cap. As it stands, Elias' salary puts the Devils' payroll at about $44 million US, which is $5 million over the league's salary cap.Elias was set to make $5.5 million US in the cancelled 2004-05 season. Elias has led the Devils in scoring five times, and has 207 goals and 459 points in 558 games. TSN/CPWhat is Lamoriello doing? New NHL? Fiscal responsibility? Riiiight. What the heck does that mean? Does it mean teams can go over the cap during the off-season, but come Oct. 1 they have to be under? What if they aren't? Are the last few contracts voided? And does this mean there is going to be a fire-sale in Jersey? |
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Post by Doc Holliday on Aug 24, 2005 12:20:38 GMT -5
And does this mean there is going to be a fire-sale in Jersey? This is rather strange isn't it. I find the Devils are a pretty ordinary team to be near (and even over) the cap limit. I mean, remove Brodeur and I don't even think you have playoff team there.... |
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Post by jkr on Aug 25, 2005 13:24:04 GMT -5
I also find this strange, especially considering it is coming from Lou L. This guy is considered one of the savviest GMs in the league.
Once Elias comes back he must do some serious contract dumping. I don't get it.
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Post by Forum Ghost on Aug 25, 2005 17:00:44 GMT -5
And I believe Scott Stevens is still unsigned.
Strange that this kind of news is coming out of The Swamp.
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