Getting Donald Brashear's $1.4 Million Contract Off the Books
As if Ranger fans needed another reason to hate Donald Brashear, Glen Sather and the Rangers gave them another one last season when they signed Brashear to a two-year $2.8 million contract.
Not even midway through the season last year the Rangers realized this was a mistake and demoted him to the Hartford Wolf Pack. Unfortunately his contract still counts against the cap as at 38-years-old Brashear is over 35 so his contract still hits the cap even in the AHL.
For a team struggling to find cap space, his $1.4 million hit in the 2010-11 season could make a big difference. Larry Brooks of the NY Post has actually come up with a reasonable way to get rid of Brashear’s salary:
"Look, the only conceivable way Sather will be able to move Brashear is by taking back a bad contract of greater value from a low-revenue team hovering around the cap floor. The Rangers could then bury that contract in the AHL, if necessary, while gaining $1.4 million in critical cap space.
"The acquiring team, which would suffer no harm from carrying that cap charge through the season, could then buy out the final year of Brashear’s contract for $866,667, and thus save a fair amount of cash.
"We’ve located two such potential trading partners for Sather and the Rangers, who never quite have been willing to exploit the minor-league option for bad contracts that is the sole advantage available to large-market teams in this CBA.
"One option is the Islanders, who would love to find a way to shed their $2.5 million obligation to 35-year-old defenseman Brendan Witt, who finished the season with AHL Bridgeport after being waived through the NHL.
"The other is Colorado, which would seem anxious to eliminate its $2.75 million obligation to 31-year-old defenseman Tom Preissing, who played nearly all of last season with AHL Lake Erie after clearing NHL waivers.
"The Islanders would save approximately $1.633 million in cash by making the deal and going through with the buyout. The Avalanche would save approximately $1.883 million under the same scenario."
That is certainly an interesting scenario/proposal. Hopefully Sather is a bigger fan of Larry Brooks than his coach John Tortorella is and gets this done. I still think the chances of this happening are slim, but it is realistic way to help out two clubs. Let’s see if Sather can get it done.
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