Cap savings from the recent roster movesOctober 16, 2013, by
Note: Sorry for no post this morning, there was a scheduling issue.
With both Arron Asham and Martin Biron assigned to the AHL yesterday, the Rangers cleared a total of $1.85 million in cap space ($925k a piece). Although their cap hits are higher (Asham – $1 million, Biron – $1.3 million), the “Redden Rule” means that they don’t get to bury the entire contract. Asham’s contract will remain with a $75k cap hit, and Biron’s with a $375k cap hit (unless he retires, then they get the full $1.3 million back).
With Talbot ($562,500) and Miller (approximately $894k) called up, the additional cap taken up is $1.45 million between the two. At the moment, the Rangers have saved about $400k in cap space. That could climb to $775k if Biron retires. Not exactly chump change.
There should be another roster move or two coming, as Carl Hagelin will need to come off LTIR. His $2.25 million will need to count towards the cap again when he returns.