Blue Jackets should have Money Available this Offseason

According to this article, the cap is expected to up next year by $3 million, which will take it from $50 million to just over $53 million.

The Jackets payroll is right around that $40 million mark, one of the lowest in the league.

What does that mean? Well, teams will have more money to spend, especially the big markets that can spend right to the cap.

That Jackets are in an enviable position as they'll be shedding quite a bit of salary at the end of this season but unfortunately the market size won't allow them to spend to the cap - just not enough revenues.

The cap going up allows more teams to get in on the bidding for UFAs and creates more competition for the Jackets to land the players they covet.

Players that I think are unlikely to return next year are Sergei Fedorov (6.08 mil), David Vyborny (2.2 mil), Michael Peca (1.3 mil) and Ron Hainsey (900k) = 10.4 mil

Players that may not return are Adam Foote (4.5 mil) and Jan Hejda (1 mil) = 5.5 mil

Total money off the books = 15.9 mil*

*This number does not reflect Jody Shelley, Curtis Glencross or Dick Tarnstrom's pro-rated salaries

Current roster players that are RFAs and need resigned are Pascal Leclaire and Dan Fritsche.

Already resigned is Jason Chimera (1.85 mil - 850k raise over previous deal).

So, if you take the raise Chimera received into account, which leaves about $15 million. Of course, the big deal is to get Leclaire resigned. I don't see him getting anything less than $3 mil a year. So now you’re looking at $12 million available.

This also doesn't include the back-loaded contracts our good buddy Doug MacLean gave guys like Rick Nash (who will make $1 mil more next season), Nik Zherdev (will make $750k more), Duvie Westcott (will make $750k more, but is likely to get bought out), Manny Malhotra ($300k more), Rusty Klesla ($250k more), Freddy Modin ($750k more.)

That's 3.8 million more dollars going out in signed contract hikes alone.

Subtract that from the $12 million and now your looking at $8.2 million that is freed up from last this year's budget number.

Then, if they decide to resign Foote or Hejda that number goes down even further.

Of course, that is if ownership keeps the exact same budget they had last season which I can't see being the case.

I expect a cash infusion of some form to enable Howson to get the guys he wants resigned and to go out and grab a couple of big fish on the open market. The time is now to add some key players to this franchise. The only RFA that must get signed is Pascal Leclaire.

They'll be plenty of competition though. Like every year, expect many overpayments and I think the Jackets will be buyers this offseason.

If you’re interested a great place to look over contracts and lengths for Blue Jacket players (and the rest of the league) is here.