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Salary Cap

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December 15, 2010 | By FRANK SERAVALLI, seravaf@phillynews.com
With two visits to doctors, the Flyers' long-awaited roster issues disappeared yesterday with physicians' signatures. At least for the time being. Three moves, with varying salary-cap implications, were made. Flyers general manager Paul Holmgren activated a healthy Michael Leighton to the 23-man roster, but in order to do that, he moved defenseman Matt Walker to injured reserve to make roster space and officially added Ian Laperriere's salary to the long-term injured reserve to create enough cap space for Leighton's $1.55 million salary.
SPORTS
December 11, 2013 | BY FRANK SERAVALLI, Daily News Staff Writer seravaf@phillynews.com
OTTAWA - Like many stranded because of the winter storm that wreaked havoc on the airline system, Flyers general manager Paul Holmgren couldn't make it to Monterey, Calif., yesterday for the NHL's Board of Governors meetings. Instead, Flyers chairman Ed Snider represented the club just fine at Pebble Beach, where the league's top executives convened for annual meetings that wrap up today. But it would have been helpful for Holmgren to hear the NHL's latest salary-cap projections for next season directly from the source.
SPORTS
July 24, 2005 | By Marc Narducci INQUIRER STAFF WRITER
General manager Bob Clarke, an old-school hockey person, isn't wasting any time leading the Flyers into the NHL's new salary-cap era. Clarke, speaking yesterday at a news conference at the Wachovia Center, said what had been long expected - that he had placed longtime team member John LeClair and Tony Amonte on waivers for the purpose of buying out the final year of their contracts. Clarke announced that defensemen Mattias Timander and Marcus Ragnarsson will stay in Sweden instead of joining the team.
NEWS
September 16, 2004 | By Tim Panaccio INQUIRER STAFF WRITER
The National Hockey League is shutting down for the second time in 10 years. Yesterday, the league's Board of Governors unanimously endorsed commissioner Gary Bettman's proposal to lock the players out of training camp this morning because the league had not reached a new collective bargaining agreement with the NHL Players' Association. The major sticking point has been the league's desire to cut losses by instituting "cost certainty" - a cap on player salaries. The union has steadfastly rejected a salary cap. The NHL "will not play again until there is a new economic system," Bettman said at the Westin Times Square hotel.
SPORTS
June 15, 1994 | By Jayson Stark, INQUIRER STAFF WRITER
You can't sell air conditioners to Nanook of the North. You can't sell elevator shoes to Shawn Bradley. But yesterday, Richard Ravitch undertook a selling job of similar proportions. By trying to sell a salary cap to the baseball's players union. Wish him luck. Ravitch, the owners' chief labor negotiator, finally made it to the negotiating table yesterday to present his side's long-awaited salary-cap proposal - a proposal he described as "critical for the game of baseball.
SPORTS
October 26, 2011 | ASSOCIATED PRESS
NEW YORK - The NBA players' association, not Dallas Mavericks owner Mark Cuban, proposed the elimination of the salary cap during negotiations aimed at ending months of labor strife, a league official said yesterday. NBA senior vice president Mike Bass said union executive director Billy Hunter made "several misstatements" during an hourlong podcast with ESPN.com on Monday. Among them was the revelation of the salary-cap plan, which Bass said was actually an exception to the cap, not the elimination of it. Hunter said that, during a meeting last week, Cuban proposed what he called a "game changer" - a plan to replace the salary cap with a heavy tax for teams that spent to a certain level.
SPORTS
May 3, 1996 | by Kevin Mulligan, Daily News Sports Writer
A reported deal that would have made ex-Eagle offensive lineman Antone Davis an Atlanta Falcon never was, said his agent, Jim Solano. Solano has been working on a deal most of this week, but yesterday the Falcons rejected a new proposal because its structure is not agreeable with Atlanta's salary-cap allotment for this season. Solano has been seeking an average of $1 million per year for Davis, the Eagles' No. 1 draft pick in 1991, who is an unrestricted free agent. The Falcons' offer was reported to be a two-year package worth approximately $1.8 million.
SPORTS
March 29, 1995 | by Kevin Mulligan, Daily News Sports Writer
The talk on the day 32-year-old Raleigh McKenzie officially jumped from the Washington Redskins to the Eagles was about creating competition along the offensive line. Sure. The Eagles have been shopping veteran center David Alexander around the NFL for about a month now. Alexander knows it, the Eagles' coaches know it, agents know it, the Eagles' personnel types know it, management knows it. Alexander read coach Ray Rhodes's handwriting during the Eagles' unsuccessful courtship of ex-Cowboys center Mark Stepnoski.
SPORTS
June 16, 2011 | By FRANK SERAVALLI, seravaf@phillynews.com
The Flyers' courtship of star free-agent goaltender Ilya Bryzgalov officially got under way in style yesterday, as they fueled up Ed Snider's private jet and sent it to New York's John F. Kennedy Airport to ferry Bryzgalov to Philadelphia after his 9-hour flight from Moscow. The Flyers acquired Bryzgalov's exclusive negotiating rights in a June 7 trade with Phoenix that cost them a third-round pick in 2012, the rights to Phantoms forward Matt Clackson, and a conditional pick if Bryzgalov inks a deal.
SPORTS
July 20, 2005 | By Tim Panaccio INQUIRER STAFF WRITER
The NHL is going to a $39 million salary cap. And, as they have in the NFL, teams are designating personnel to fill the role of capologist. Barry Hanrahan, assistant to general manager Bob Clarke, has been given that task for the Flyers. Hanrahan met with Eagles president Joe Banner late in the 2003-04 NHL season, getting a four-hour crash course in managing a salary cap. Banner has been the Eagles' cap wizard for a decade and is considered one of the sharpest cap managers in pro football.
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SPORTS
July 4, 2015 | By Sam Carchidi, Inquirer Staff Writer
For those expecting general manager Ron Hextall to continue his magic and quickly make the Flyers a contender, well, reality struck when the first day of free agency arrived Wednesday and the team was able to add only a backup goaltender. In other words, it's going to take Hextall time to climb out of the salary-cap hole he inherited. The Flyers have about $4.5 million in cap space and still need to re-sign restricted free agent Michael Del Zotto. The Flyers made a $1.3 million qualifying offer to the defenseman, but a much heftier, multiyear deal is being discussed.
SPORTS
June 30, 2015 | BY ED BARKOWITZ, Daily News Staff Writer barkowe@phillynews.com
FORT LAUDERDALE, Fla. - The acquisition of Sam Gagner has either given Ron Hextall the top-nine forward he coveted or the salary-cap relief he desperately needs. Clarity will come when the free-agent market opens on Wednesday, but it sure sounds like Gagner need not bother looking for local real estate agents just yet. Hextall on Saturday acquired Gagner from Arizona for defenseman Nick Grossmann and the contract of Chris Pronger, who was still on the Flyers' books despite not playing since 2011 because of a career-ending concussion.
NEWS
May 25, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
Gov. Christie vowed to rein in government spending when he took office in 2010, and one of his most controversial first-term initiatives was setting a cap on salaries for school district superintendents. Anecdotes of seemingly exorbitant pay for school administrators became a symbol of the government excess Christie had pledged to rid from Trenton. Four years after Christie set his own salary - $175,000 - as a maximum base for superintendents, Democratic lawmakers and school boards say the regulation has resulted in high turnover and made the state less competitive in attracting the best administrators.
SPORTS
March 14, 2015 | By Mike Sielski, Inquirer Columnist
We are seeing now what Chip Kelly truly believes, and what he is willing to do to get the football team that he wants, and it is utterly enthralling. The Eagles on Thursday signed DeMarco Murray - the NFL's leading rusher in 2014, arguably the most valuable player on the Dallas Cowboys last season - and they signed former San Diego Chargers running back Ryan Mathews even after speculation that they had scuttled a handshake deal with him to create room for Murray on the roster and under the salary cap. This is fun. This is fascinating.
SPORTS
March 10, 2015 | By Paul Domowitch, Daily News Columnist
THE GOOD NEWS is the Eagles have more than $45 million in salary-cap space heading into tomorrow's 4 p.m. start of the free-agency signing period, which is the fifth most in the league. The bad news is, thanks largely to the $20 million increase in the salary cap over the last 2 years, they aren't the only team with a significant amount of spending room. As of yesterday, 12 teams were sitting with at least $30 million in salary-cap space, according to spotrac.com. Nineteen had at least $20 million in cap room.
SPORTS
March 6, 2015 | By Paul Domowitch, Daily News Columnist
THIS MAY come as a shock to all of the people who have been reading my uplifting stories and columns in the Daily News for the last 33 years, but I'm not the cockeyed optimist I seem. I'm actually a glass-half-empty kind of guy. Where others see promise and opportunity, I see pestilence and famine and a swarm of locusts. I'm the kind of guy who texts his grown children when it rains to warn them to be careful driving. I did that this week when it started to sleet and got back this smart-ass reply from my youngest daughter: "And there's the cautionary text I've been waiting for all day. Actually, I'm gonna see how fast I can go. I hear the ice helps you go faster.
SPORTS
March 1, 2015 | By Zach Berman, INQURIER STAFF WRITER
The Eagles officially released offensive lineman Todd Herremans on Friday, one day after news initially broke that the team was moving on from one of its longest-tenured players. Herremans, 32, played 10 seasons with the Eagles after the team drafted him in 2005. He met with coach Chip Kelly on Friday about the decision. "Todd has been the ultimate professional during my two years in Philadelphia with him," Kelly said in a statement. "He is a tough player and I wish him all of the best as he moves forward in his NFL career.
SPORTS
February 19, 2015 | By John Smallwood, Daily News Columnist
NEW YORK - About 10 months ago, new NBA commissioner Adam Silver made the overly optimistic statement that he had "no expectation" that the National Basketball Players Association would opt out of the 10-year collective bargaining agreement the two parties agreed to in 2011. "I think it's premature, frankly, for either side to be making determinations about how well this deal has or hasn't worked," Silver said last April, "and I think especially given that [the NBPA] leader hasn't even been installed yet, which is something that they, of course, are freely acknowledging.
SPORTS
January 30, 2015 | BY FRANK SERAVALLI, Daily News Staff Writer seravaf@phillynews.com
KIMMO TIMONEN has worked out almost every day since September, mostly at the Flyers' practice facility. Some days, he's played tennis locally. His possible return to the ice after being diagnosed with multiple blood clots in August took one step further yesterday, when he was fitted for a new pair of skates. Flyers general manager Ron Hextall offered no real update on Timonen yesterday, though meetings about his return continued with team brass, doctors, lawyers and league headquarters.
SPORTS
January 28, 2015 | BY FRANK SERAVALLI, Daily News Staff Writer seravaf@phillynews.com
THE STATISTICS and analytics matched what Dean Lombardi's eyes were witnessing. He could see the drop-off in Mike Richards like everyone else, but didn't want to believe it. Managing a dynastic Stanley Cup enterprise isn't always black and white, after all. Not when people are involved. Lombardi had one final opportunity last June to buy out Richards' contract, but was swayed by the conversation he had with the player who made the Los Angeles Kings' 2012 Cup possible. He decided against it. It was a decision the general manager clearly regrets now, after placing the former Flyers captain on waivers yesterday.
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