If that was the case, the cap hit would be $9 million for Nylander's second year since he's making a 700k salary and is getting 8.3 mil in signing bonuses.BongoBong wrote: ↑Dec 4th, 2018 7:45 pmBy calculating how much money he is making per day dividing the remaining number of days in the season into the 6.9 million he is being paid, then multiplying that number by the total number of days in the season.
No. The cap hit is based on what someone would be making yearly. If someone is paid 6.9 million for 2/3rds of the year, that doesn't reflect what the yearly amount would be based on his daily earnings which is why it is pro rated up.
Lets go back to how you think this played out. How much money do you think the Leafs and Nylander agreed to earlier in the year that he should make over the 6 years?
Article lists it properly, including the bonuses being fudged in the first 2 years to allow the remaining 4 years @ only 6 mil cash vs a 6.9 mil salary:
"The first season carries a prorated $10 million salary that comes out to $6.77 million, including a $2 million signing bonus. That means it has a current season average annual value of $10.2 million. The "out years" of the contract after this season carry a cap hit of $6.9 million.
According to TSN, the second year of the deal sees Nylander's base salary drop to $700,000, with a signing bonus of $8.3 million. In the other years of the deal, it's $2.5 million in base salary with $3.5 million in signing bonuses. Hence, $24.3 million of his $41.4 million contract is guaranteed through those bonuses."
If Nylander signed before the season started, they couldn't have fudged the real cash numbers vs cap hit like they did. They would've been locked to 7 mil per year, every year, cash on cap hit 1 to 1.
This telenovela was real over the summer and probably training camp, not on December 1st at 4:59pm.