Folks, the Calgary Flames have made a few transactions today. There’s some math involved, but let’s get the easy stuff out of the way first: Derek Ryan has been placed on the long-term injury reserve (retroactive to Feb. 4), while club has officially recalled Connor Mackey and forwards Zac Rinaldo and Byron Froese.
Via PuckPedia, here’s the gist of things:
Ryan suffered a broken finger on Thursday. With Ryan on LTIR, the Flames are allowed to exceed the salary cap by $2,815,657 – that’s Ryan’s $3.125 million cap hit, less the $312,343 of cap space the Flames had available for the rest of the season as of when he was placed on LTIR. Ryan being on the LTIR also opens up a roster spot.
In other words: until Ryan is back, the Flames’ daily cap limit becomes $84,312,657. But, the Flames no longer accumulate any cap savings while Ryan’s on LTIR. Even if the Flames are below the actual cap ceiling of $81.5 million (and they’re not using the LTIR space), they accumulate no savings while Ryan is out.
Update: That said, the Flames can accumulate savings for any days that they’re below what the CBA calls the “Accruable Cap Space Limit,” which is $312,343 below the $81.5 million cap ceiling (e.g., the cap ceiling minus the space they had when they put Ryan on LTIR). They earn daily pro-rated space based upon the amount they’re below this new limit, not the actual cap ceiling.
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Ryan must remain on the LTIR until the 24 days have passed and the Flames have played 10 games, so he cannot be activated until Mar. 1 at the earliest.
The Flames gain some cap flexibility for the short term, but it hinders their ability to stockpile cap space for the remainder of the season.