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Under the terms of the deal that sent Jaromir Jagr from the Capitals to the New York Rangers in January 2004, the Rangers pay only $4.9 million of his $8.36 million salary, while Washington pays the rest. Plus, only that $4.9 million counts against the Rangers' salary cap. That gave Rangers GM Glen Sather the cap space to sign both free-agent centers Chris Drury and Scott Gomez this offseason. Although the $3.46 million payment doesn't count against the Capitals' salary cap, it does impact the team's budget. According to the article, Capitals big cheese Ted Leonsis expects to spend about $42 million on player salaries this season and 8 percent of that goes to Jagr.
Why doesn't the 3.46 count against the Caps salarly cap? This is so ridiculous, I know the Caps aren't a great team, but that part of Jagr's cap just disappears? What a crock.
Why doesn't the 3.46 count against the Caps salarly cap? This is so ridiculous, I know the Caps aren't a great team, but that part of Jagr's cap just disappears? What a crock.
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