Malakhov, New Jersey and the Salary Cap
Sunday, October 1st, 2006Well, Lou pulled a fast one today, shipping Malakhov to the San Jose Sharks for two very cheap players, though neither is likely to play for the Devils this season.
I, like everyone else I’m sure, am very interested to learn the conditions placed on the first round pick NJ surrendered to get the Sharks take on Malakhov’s $3.6 million salary for Fahey and Korolyuk.
Near as I can tell, this puts NJ about $5.5 million under the salary cap as things stand. This, however, is without the following players on their active roster: Paul Martin (unsigned), David Hale (unsigned), Richard Matvichuk (injured), Jason Wiemer (injured), Brian Gionta (unsigned). That is also assuming Lou successfuly gets Alexander Mogilny’s $3.5 million off the salary cap.
When Matvichuk and Wiemer return the Devils jump to within $3.1 million of the cap. That’s still not nearly enough to sign Gionta (48 goals last year), Martin and Hale. Something has to be still in the cards for the Devils to get their full roster on the ice, under the cap, and competing. And while I have the utmost respect for Lou’s GM’ing mojo, the regular season is 2 days away! Something has to be done and fast if New Jersey wants to compete out of the gate.