Blog Entry

Higher salary cap means larger core for teams

Posted on: August 1, 2011 11:07 am
Edited on: August 1, 2011 1:21 pm
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Kane

By: Adam Gretz


If the NHL salary cap has done anything during its existence it's forced teams to identify a core of players to build around. With a limit on spending teams aren't going to be able to keep every single player they want, or build a completely well-rounded team without flaws. Eventually tough decisions will have to be made on who to keep and who to let go.

In the cap era teams that make deep runs into the postseason have been pretty consistent with the structure of having nearly 50 percent of their league-allotted cap space tied up in a core of just five players. But in recent years, specifically the past two, the salary cap has increased rather significantly, all the way to the point where the salary floor for the 2011-12 season is higher than the actual cap was back in 2005-06.

Will that change the structure of teams from having a core of just five players, to perhaps a core of six or seven?

Let's take a look at last year's 16 playoff teams and how their top-five salaries fit under the 2011-12 cap of $64.3 million…

Playoff Teams Top-Five Salary Cap Commitments For 2011-12
Team Top-Five Salary Cap Hits Percentage of Salary Cap
Washington Capitals $32.6 million 51%
Pittsburgh Penguins $31.4 million 49%
San Jose Sharks $29.5 million 46%
Chicago Blackhawks $29.4 million 46%
New York Rangers $29.3 million 46%
Tampa Bay Lightning $29.1 million 45%
Montreal Canadiens $29 million 45%
Philadelphia Flyers $27.5 million 43%
Buffalo Sabres $27.1 million 42%
Vancouver Canucks $27.1 million 42%
Detroit Red Wings $26.5 million 41%
Anaheim Ducks $25.2 million 39%
Boston Bruins $24.9 million 39%
Los Angeles Kings* $24.6 million 38%
Phoenix Coyotes $20.7 million 32%
Nashville Predators* $20.1 million 31%

*Nashville's number will surely increase once Shea Weber's contract is settled this week, and the same thing goes for Los Angeles whenever Drew Doughty signs a new contract.

I spoke with one NHL executive a couple of weeks ago on the subject and he agreed that most teams, if not every team, see the current NHL structure as having to invest a significant portion of their resources into a core group of players, but that there are still several key factors that go into the roster construction.

For one, you have to have the players worthy of that sort of investment. Throwing large money at mediocrity isn't going to win anything.

The other factor at work is that some of these teams, like Phoenix and Nashville for example, aren't concerned with the league-wide cap and are instead working against their own financial restrictions, which can put them at a sizable disadvantage, not all that different from the ones these teams faced prior to the salary caps existence. The Predators, who are set to go to arbitration with one of their best players, Shea Weber, on Tuesday, have an easily identifiable core of Weber, Ryan Suter and Pekka Rinne. There's already been concern about their ability to keep them together for the long haul. So even with the cap there's still teams that struggle to keep their home-grown Stars.

But for the teams that have the funds at their disposal, the latest cap increase has made it easier to not only keep their best, core players under contract, but to also increase that "core" (at least until -- or if -- the cap goes down at some point) and potentially keep even more players that they may have otherwise had to part ways with in recent years due to cap restrictions.

Look at it this way: Last season the top-four playoff seeds in each conference (including both Stanley Cup final teams) had at least 50 percent of the $59.4 million cap invested in just five players, while four of them had as much as 55 percent invested in their top-five cap hits. As you can see in the table above, only one team at this point in the offseason -- Washington -- hits that mark, which is an example as to how much the cap has increased, and how much additional room the deep pocketed teams with talent have to work with.

All salary cap figures via CapGeek

Photo: Getty Images

For more hockey news, rumors and analysis, follow @cbssportsnhl and @agretz on Twitter.

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Comments

Since: Mar 22, 2009
Posted on: August 1, 2011 8:56 pm
 

Higher salary cap means larger core for teams

If it was a conpiracy for the Bruins to repeat they would want to reduce the cap since they have most of their team back and below the cap. It only helps teams that where up again.st the cap



Since: Dec 1, 2006
Posted on: August 1, 2011 7:45 pm
 

Higher salary cap means larger core for teams

Could this be a Bruins conspiracy to raise the cap to ensure a repeat?



Since: Jun 11, 2009
Posted on: August 1, 2011 4:16 pm
 

Higher salary cap means larger core for teams

I believe that this exercise would be more meaningful for NBA basketball that the NHL.  On a typical night, an NBA team could use as little as 7 players, or a little more than half of their roster, (12 being max).  Even at 8, it is far from going through the entire bench.  The NHL coach will use anywhere from 16 to 18 players in a game, or at least 75% of their 20 dressed players.  Bottom line, the Miami Heat situation of bringing in 3 all stars will have a much smaller affect in hockey due to the need to change lines.

Salary caps naturally have an effect of spreading the expanse of the haves and have nots.  But in hockey, that spread is filled with a number of players of varying degrees of expertise and salary.  The cap will only have a limited effect, IMHO. 



Since: Jul 1, 2010
Posted on: August 1, 2011 3:55 pm
 

Higher salary cap means larger core for teams

Entry level contracts of make any conclusions from this analysis largely irrelevant.   A few good examples of the top 5 cap hits not matching the "core" would be the 2009 Blackhawks or 2009 Capitals or the 2008 Pens.    Most hockey analysts predicted that this is how payroll would be spent when the cap was put in place in 2006 anyway.    It's very possible that with all their high picks the Panthers will be a playoff team (I don't trust Dale though), but their "core" and top 5 contracts aren't likely to match in 3 years.   Not sure what clear conclusions can be taken from this analysis, and the breakdown of percentage of payroll spent on top talent is nothing new.


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