couldnt afford 2nd t
Joined: Sep. 2021
Posts: 1,016
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The last few off seasons, the Senators make a bunch of noise about adding "top 6 forwards" and "top 4 defensemen", then we end up with pieces like Derek Stepan and Michael Del Zotto. Here is this year's version of that bargain bin shopping. The Senators are a budget team. They want to ice the best players they can under their real money salary budget. They do not care about cap, since they won't be at the ceiling. The Flyers are a cap team. They apparently want to compete under Tortorella. This trade frees up nearly 6 million in cap space once they bury Del Zotto.
-Del Zotto is negative value due to his cap hit.
-Despite being a 20 goal scorer, no one aside from Arizona, Buffalo, or Ottawa is likely to take JVR because of his bloated cap hit.
-JVR has a 4M base salary. This trade happens in July, after his signing bonus is paid.
-Del Zotto has a 2.25M base salary. He is a sunk cost, since no one will trade for him.
-This means Ottawa gets JVR for +1.75M in salary. That is a very good deal. Every team in the league would sign JVR for 1 year 1.75M. They add approx. 6M in cap, but that is irrelevant.
-Philadelphia will bury Del Zotto. Therefore, they free up about 6M in cap. A tremendous amount of space.
No picks are exchanged, because this is equally beneficial to both sides due to how skewed his cap and his salary is. He does not have trade protection so he cannot save himself from being relocated to Carp Ontario.