Quoting: Canucks33
I would assume that's illegal and you go to CBA jail.
Quoting: Canucks123
is this legal?
Quoting: mv21227
If this is legal I love the idea
Quoting: HockeyIsMyPassion61
Well it's not, it's cap circumvention.
Quoting: DefenseFirst
2024 seems like a bad year for the canucks to have to forfeit their first round pick and a huge fine to Gary.
Quoting: vikhodush
Believe it’s at least through the first calendar year of the deal but not positive. Doing it this way is definitely cap circumvention though.
Well, I did some research, and I think it is legal.
Article 50.5 (C) (4)
(Under no circumstances may a Club)
Reacquire as part of a Retained Salary Transaction the SPC
of a Player who was on that Club's Reserve List within the
past calendar year;
Illustration: If Club A Trades the SPC of a Player to Club
B (the "Initial Trade"), Club B cannot subsequently Trade
an SPC of such Player back to Club A within one (1)
calendar year from the date of the Initial Trade and retain a
portion of the Averaged Amount of that SPC pursuant to a
Retained Salary Transaction. However, Club B may Trade
an SPC of the Player back to Club A within one (1)
calendar year from the date of the Initial Trade if Club B
does not retain any portion of such Player's SPC.
There is nothing that says that if the player is signed for one team that he cannot be dealt to another team in a deal.
This is essentially what guys like Hall and Klingberg did (are doing) but doing it over a longer period of time and with it all planned out ahead of time.
Players can be traded whenever and get salary retained (Bear traded with RS before he played a game with CAR)
Players can sign with a new year and get RS on a deal before a calendar year (Hall signed with Buff, traded to BOS)
The Canucks would still have to pay 8M in real dollars to get the pick, but they would be able to essentially help teams with with their cap space
Let me know if you find something that contradicts my findings,
Thanks,
BeautifulIdiot