Near the Limits Again: An Updated Look at the 2011-12 New Jersey Devils Roster & Salary Cap Situation
The New Jersey Devils now have a head coach, they have re-signed Andy Greene and Johan Hedberg on July 1, they signed Adam Larsson to an ELC with no bonuses in it, they have re-signed most of their restricted free agents (Matt Taormina and Maxim Noreau are still pending, according to Lou via Tom Gulitti; Steven Zalewski and Nathan Perkovich have apparently re-signed), they added Eric Boulton and Cam Janssen, and now their offseason to-do list just has two major items remaining. The first is the one Devils fans are incredibly interested in: Zach Parise. The Devils have elected to take him to arbitration, which will take place on August 3 unless there is a new contract signed before then. Devils fans understandably want him re-signed before then, and I hope Tom's right in that it won't happen. The second is Mark Fraser, who has filed for arbitration and will have his hearing on August 4 - unless he and Devils agree to a contract before then. So it seems pretty simple: decide what to do for each player, negotiate a deal, and get it signed before the hearings.
As usual, it's never that simple. With the recent signings of Janssen and Boulton, along with their other RFAs re-signing, the Devils will be forced to consider some difficult decisions due to congestion on their roster and their salary cap. CapGeek has updated their roster for the Devils recently. With Taormina, Fraser, and Parise still unsigned, the Devils have 22 players on their NHL roster (Janssen is in Albany for some reason), 49 on their reserve list, and $58,327,500 committed to their cap. This currently leaves the Devils with $5,972,500 in cap space and room to add one new player to their reserve list.
I want to repeat that. As of right now, Taormina, Fraser, and Parise are unsigned and the Devils have $5,972,500 in cap space. This situation is worth discussing a little further after the jump.
If it was just Taormina and Fraser, there would be no problem. That's loads of space for guys who will be getting six-figure deals anyway. But if you believe Zach Parise's contract - negotiated or awarded by an arbitrator - is going to somehow fit under $6 million, then you either think it's going to be a big and creatively structured deal or you're undervaluing what Parise can get. Sure, the Devils can go over the salary cap by 10% in the offseason, but they have to be under the ceiling by mid-September or so. It is not a
Now, CapGeek's numbers do include Bryce Salvador, who counts as $2.9 million. Take him out of the picture through LTIR, and the Devils could feasibly re-sign Taormina and Fraser and still have some amount over $7 million in cap space to fit in a contract Parise may actually sign. That's a big risk in that it assumes Salvador cannot possibly play in 2011-12 and is eligible for LTIR once again. Even with him on the proverbial shelf, it'll still be incredibly difficult to add someone with a relatively high cap hit during the season for injury or performance purposes. Adam Larsson signing a bonus-less ELC was big for NJ, but $950,000 won't easy to fit under the cap after these three re-signing even with Salvador on LTIR. Nor are the several players in Albany on two-way deals where their NHL contract is above $800,000 (e.g. Alexander Urbom, Adam Henrique). Depending on how cut close the Devils get, even calling up Cam Janssen and his $525,000 cap hit could be problematic aside from his lack of actual hockey skill at the NHL level.
I should also point out that CapGeek's current cap number for the Devils is based on a few other assumptions. They assume Matthew Corrente ($660,000 cap hit), Vladimir Zharkov ($577,500), and Boulton ($662,500) are on New Jersey's roster. As noted, they have 22 players up with New Jersey. NHL teams can't have more than 23 players on an active roster during the season. With 3 more players left to sign contracts, some players will have to be placed elsewhere. Whether they go down to Albany or to another team, the Devils will have to make some space just for their roster - and that can provide some cap relief. This will be a subplot of sorts during training camp for the younger, cheaper players to fight for depth spots. It may not be enough just to impress Peter DeBoer, but having a more favorable cap hit would make it easier for Lou to keep him on the active roster.
Still, Parise's impending contract situation is the biggest factor in driving what the Devils do next. I believe a trade may be necessary to clear some space - both off the cap and the roster. The Devils really can't afford take too much back even in a salary dump, however. I'm being literal, they really can't because of their reserve list.
Every NHL team has contract reserve list that mandates how many contracts a team can have at one time. The limit is 50. According to CapGeek, the Devils are at 49. This list includes Fraser, Taormina, and Parise. While Alexander Vasyunov will be in the KHL, he's on the list because the Devils kept his rights by tendering him a qualifying offer. The same will be the case for Maxim Noreau if he goes to Europe for 2011-12. Adam Larsson is here too, though he won't count if his contract slides (plays less than 10 NHL games). The point is that the Devils can only add one more NHL contract right now. If Lou wants to trade a player away, he cannot get more than two NHL contracts in return - be it a prospect or a minor league player or a NHL player. This can be a problem should the Devils want to make some trade deadline deals or sign a player during the season or want to sign a player from a tryout in training camp or another player right now.
With little cap space, a congested roster, and nearly a filled 50-man contract list; the Devils really do have to make some tough decisions regarding trading or dumping players in this offseason. Essentially, it's not at all simple as signing three guys and calling it a summer. Incidentally, the Devils aren't the only team with this sort of problem. Check out this post by Eric T at Broad Street Hockey. Despite moving two substantial deals from last season's roster, the Flyers managed to put themselves back in the same difficult up-against-the-cap-ceiling situation that allows for little flexibility and a lot of prayer that there won't be too many minor injuries throughout the season. It wasn't even from offering too many big contracts, just offering too many contracts.
The Devils are in a similar spot, with the severity driven by how much those three remaining players - namely Parise - will get in 2011-12. While the Devils didn't have much space to begin with, the Boulton signing (adding Janssen to the NHL roster makes this worse), the re-signing of other RFAs, and other moves have put them into this spot. Now, they'll have to try and get out of it or somehow try to manage it as-is, which I think is incredibly unlikely. I said in this post about stats and narratives, it all matters - even the "minor" stuff. (Aside: And I really don't like the Boulton and Janssen signings even more because it helped create this mess.)
What do you think the Devils will do to get out of their current situation? Please leave your answer and other relevant thoughts about the current roster and salary cap in the comments. Thanks for reading.
MAYBE THEY'LL MAKE IT AFTER ALL UPDATE. Triumph44 in the comments actually devised a way to make this all work with a 22 man roster - provided Bryce Salvador and Matt Corrente get off the books by some way, and Parise re-signs at a cap hit of $7.25 million.
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“This is my cap. There are many like it, but this one is mine. My cap is my best friend. It is my life. I must master it as I master my life. My cap, without me, is useless. Without my cap, I am useless.”- Lou Lamoriello
"It's magic, it's tragic, it's a loss, it's a win"
by Elektrostal_Kid on Jul 20, 2011 7:46 PM EDT reply actions
Well I thought this one was funny….
Desperate feelings of a failure 101
"It's magic, it's tragic, it's a loss, it's a win"
by Elektrostal_Kid on Jul 20, 2011 10:03 PM EDT up reply actions
My Perspective
Hi, this is my inaugural post here, I’ve been following for a long time, and finally decided to join.
With the fact that Mark Fraser and Peter DeBoer have a previous relationship, it just might be that Fraser now accepts a lesser (don’t know how much lower it can go though) to play under his former coach, depending on how their relationship is.
I also agree that the Boulton and Janssen signings have made this a bit more difficult. I’m confident that only one will be playing at the NHL level off the bat, but can I raise the question of cutting ties with one of them, preferably Janssen before opening day?
If we really do want this to be worked out, I have a feeling that Salvador will be put on LITR. It opens up enough cap space to sign Parise to a reasonable deal and to sign the rest of the RFAs. Otherwise I feel that a trade is imminent. After reading the multiple articles here, I think Rolston would be the obvious choice for cap relief, but I believe he is still too valuable to trade due to circumstances pointed out in the article.
A question, by placing a player on LITR, does the season still count as a year on their contract, or does it postpone it?
Welcome.
You’re probably right about Fraser, I’m thinking he’ll be slid into the “7th defenseman” role when the season starts.
I really don’t see any way that Janssen is on the NHL roster on opening night. Consider him an Albany Devil. That still leaves Boulton, who I was on the fence about at first but it’s now becoming a contract I like less and less given the cap situation that is developing.
A question, by placing a player on LITR, does the season still count as a year on their contract, or does it postpone it?
The year counts. His contract is done at the end of this year, regardless of whether or not he goes on LTIR.
Status quo.
thanks
Also, with everybody saying that Clarkson is likely to be traded, I prefer him over Boulton and Janssen. He does have good offensive potential, and he’s the enforcer we need on the team. With the fact that he too also played under DeBoer before and has a good relationship as shown by the article on nhl.com, I seriously doubt he’s going anywhere.
Agreed.
This seems to throw a bit of a wrench into the “Trade Clarky” idea. I could still see Lou moving him purely out of necessity, but I think it’s a bit less likely now. I wish that Lou had listened to himself when he said (paraphrasing) there will be subtraction before there’s any more addition.
Status quo.
Thanks for Joining
To answer your question Re: LTIR- a year on the contract does expire.
Hell on Ice/In Lou We Trust/Twitter
Talking toilet, you may call me Jane.
by Kevin Sellathamby on Jul 20, 2011 8:37 PM EDT up reply actions
Ugh
I am not excited for them to go through this cap crunch thing all over again. Maybe we shouldn’t worry about his cap, but maybe Lou should do a little more worrying himself and not just wait for a timely injury or two.
Status quo.
I cannot wait until I hear the words “David Clarkson has been traded to [insert team here]” from Kypreos, TG or Dreger.
Hell on Ice/In Lou We Trust/Twitter
Talking toilet, you may call me Jane.
by Kevin Sellathamby on Jul 20, 2011 8:33 PM EDT reply actions
the reserve list isn’t a concern at all for me. if the devils wish to lose a player, they can easily do so.
also i think they can pretty easily fit parise in and carry a 22 man roster w/ 1.5 milion in spare cap space. i don’t think they have to trade anyone, though they would have trouble adding at the deadline without subtracting.
http://drivingplay.blogspot.com - the blog with three first lines
also i think they can pretty easily fit parise in and carry a 22 man roster w/ 1.5 milion in spare cap space.
OK, I’m intrigued. How could it work?
Devils in my heart! Devils in my mind! Devils in my eyes! Devils until I die!
In Lou We Trust - The New Jersey Devils SBN Blog
by John Fischer on Jul 20, 2011 10:24 PM EDT up reply actions
CAPGEEK.COM CAP CALCULATOR
FORWARDS
Ilya Kovalchuk ($6.666m) / Patrik Elias ($6.000m) / Brian Rolston ($5.062m)
Travis Zajac ($3.887m) / Dainius Zubrus ($3.400m) / David Clarkson ($2.666m)
Dave Steckel ($1.100m) / Jacob Josefson ($0.900m) / Mattias Tedenby ($0.875m)
Rod Pelley ($0.550m) / Eric Boulton ($0.662m) / Vladimir Zharkov ($0.577m)
Zach Parise ($7.250m) / Cam Janssen ($0.525m)
DEFENSEMEN
Anton Volchenkov ($4.250m) / Henrik Tallinder ($3.375m)
Colin White ($3.000m) / Andy Greene ($3.000m)
Mark Fayne ($0.542m) / Matthew Taormina ($0.561m)
Mark Fraser ($0.575m)
GOALTENDERS
Martin Brodeur ($5.200m) / Johan Hedberg ($1.250m)
BUYOUTS: Jay Pandolfo ($0.833m) / Andrew Peters ($0.166m)
CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(these totals are compiled without the bonus cushion)
SALARY CAP: $64,300,000; CAP PAYROLL: $62,876,834; BONUSES: $0
CAP SPACE (23-man roster): $1,423,166
hard to know what happens with corrente, i don’t think he fits on the team and i don’t think he’s worth very much to another team. maybe he’d slide through waivers, i don’t know.
http://drivingplay.blogspot.com - the blog with three first lines
I’m impressed. It can actually work if Corrente’s gone, and these other salaries kick in.
Nice work.
Devils in my heart! Devils in my mind! Devils in my eyes! Devils until I die!
In Lou We Trust - The New Jersey Devils SBN Blog
by John Fischer on Jul 20, 2011 11:10 PM EDT up reply actions
I know Lou has something up his sleeve but you need to dot your i’s and cross your t’s before you move forward. I know alot of people dont like the Boulton / Janssen deals but who becomes expendible with their addition? I thought Clarkson until the new coach was named. So who now? Also is it possible to move Salvador to another team to help them reach the floor without actually using the player giving them the oppertunity to go with youth but still make the cap? Oh and finally SIGN PARISE!!!!!!!!!!
alot of people dont like the Boulton / Janssen deals but who becomes expendible with their addition?
The guy who became expendable with those moves was Pierre-Luc Letourneau-Leblond, more commonly referred to as PL3. Of course, Leblond was exiled to Calgary before either of those signings were made…. but he’s the guy who had a similar skill-set and plays a similar role to either guy.
I thought Clarkson until the new coach was named.
I’ve seen a lot of commentary that Clarkson and Fraser are in a better position based on the new head coach. I say that point of view is a bunch of malarkey. Peter DeBoer is not the GM of this club, last I checked, and he doesn’t get final say over personnel moves. He certainly has input, considering he has to work with the roster as it is assembled…. but if Lou Lamorello wants to deal someone away, that guy’s presence as a familiar face and/or favorite of the coach isn’t likely to put a stop to that deal.
If the thought is that Clarkson was NJ’s grinding, pugilistic 4th-line right wing as the roster was constituted before said signings, he might be the answer to “who is expendable with Boulton and/or Janssen around?”
Also is it possible to move Salvador to another team to help them reach the floor without actually using the player
That depends on how it is done. I imagine the NHL would want doctors of their own choosing to examine Bryce if there was any thought that the Devils were dumping a player who was unfit to play — medical clearance from the Devils’ own staff might not be sufficient. If the League determines that Salvador is not fit to play, they’d void the deal.
The only two teams that need additional help to reach the cap floor are Colorado and the Islanders (Nashville will be comfortably above the floor once Shea Weber is under contract for next season). Neither team seems to need a defenseman, so there may not be a fit there.
The Devils could find another team willing to take Salvador off their hands, but I imagine it would take a bribe of some sort to facilitate it…. and it may be a larger bribe than Lamorello is willing to pay. If Salvador is somehow traded, but the receiving team doesn’t force him to report (whether to the parent club or the AHL), I imagine the League would look into the possibility of calling shenanigans and doing something. They might not be able to do so, but I wouldn’t put it past them to make the effort after last summer’s Saga of Kovalchuk where they ignored the arbitrator’s finding of “no intent to deliberately circumvent the cap” and whacked the Devils to the tune of multiple draft picks anyhow.
Oh and finally SIGN PARISE!!!!!!!!!!
You know, until you put that into your post, I never considered the possibility of doing just that. Now that I think of it, it’s a wonderful idea…. and I hope Lou Lamorello is reading this and it’s a sweet idea to him, too.
(/sarcasm)
I’m sure getting a new deal done for Parise — preferably prior to arbitration — is at the top of LL’s “to do” list at this point. It’ll get done, and the results should be better for nearly everyone if Lou doesn’t have his elbow jogged by the peanut gallery while going through the process.
If the thought is that Clarkson was NJ’s grinding, pugilistic 4th-line right wing as the roster was constituted before said signings, he might be the answer to "who is expendable with Boulton and/or Janssen around?"
i am pretty sure that wasn’t the thought. that also leaves the team with one right wing who shoots right handed, and that’s janssen, who is a right wing in name only.
http://drivingplay.blogspot.com - the blog with three first lines
It’s also speculation, which is why the word “if” appears before my statement. Two paragraphs above that thought, I put forth my belief that PL3 was the one made expendable by those signings, even if PL3 had been traded before either signing was consumated.
I also don’t think LL worries about the dominant shooting hand of his wingers overly much. It would be nice to have right-handed shots on the right wing, but I believe accomodating that particular need is not very high on the priority list.
Zubrus
Though it’s not likely Rolston will be traded, Zubrus is a possibility and seemingly the best option all things considered. Most likely to a team like the Islanders, or Avs. How much would he most likely be worth in terms of picks or players?
I would like Zubrus moved because he has two years left on his deal as opposed to Rolston’s expiring deal, but I still think Clarkson should be moved. the Devils won’t have to give up nearly as much and they’ll get a better return.
Hell on Ice/In Lou We Trust/Twitter
Talking toilet, you may call me Jane.
by Kevin Sellathamby on Jul 21, 2011 7:55 AM EDT up reply actions
But if you believe Zach Parise’s contract – negotiated or awarded by an arbitrator – is going to somehow fit under $6 million, then you either think it’s going to be a big and creatively structured deal or you’re undervaluing what Parise can get.
some amount over $7 million in cap space to fit in a contract Parise may actually sign.
Being that you had an almost spot on estimation of Andy Greene’s value, it would be interesting to see what you think Parise could get. While a RFA is different then an UFA, it would still be a good topic. Unless I missed where you already did this.
If I did it before, it may be worth revisiting.
Devils in my heart! Devils in my mind! Devils in my eyes! Devils until I die!
In Lou We Trust - The New Jersey Devils SBN Blog
by John Fischer on Jul 20, 2011 11:14 PM EDT up reply actions
Salvador
Based on this article and Triumphs Cap calculation, I don’t see any way for Bryce Salvador to wear a Devils uniform this year. His contract would make it impossible to sign the remaining 3 players. I don’t think there is a way to trade Salvador and I don’t think there is any blockbuster trade in the works. Salvador must not be ready to return and it looks to me like Lou has been operating under the assumption that Salvador will once again be on the LTIR.
You're playing worse and worse every day and right now you're playing like it's next month.
- Herb Brooks
by Michael Gianetti on Jul 21, 2011 7:07 AM EDT reply actions
Can Salvadore just be put on the LTIR? Concussions are a hot button topic in sports these days but I’m sure there has be be a doctors exam or something involved before he can be placed on LTIR.
I suppose he could be sent to AHL if he is healthy. But what if he is healthy and turns out he is still our 4th best defenceman? It then wouldn’t make sense to send him down, except for cap reasons.
If there are any questions about Salvador’s health and whether he is eligible for LTIR, the League can step in and have an independent evaluation done. This was something of an issue several years back with Alexander Mogilny, who was placed on LTIR with the degenerative hip condition that ended his NHL career while several other franchises were crying “foul” — because getting Mogilny onto LTIR allowed the Devils to come down under the Upper Limit without having to sacrifice a player or two.
In realistic terms, we won’t have an answer to the “Salvador to LTIR” questions until training camp, perhaps until the end of training camp.
When I look at our numbers then glance at our rosters and then look back at the numbers again it makes me sad. No way we make it past the first round also. I’m a die hard devils fan but until rolston and white get off the books and marty retires (sorry i know he’s the best and all but he’s just not who he was 5 years ago but i really hope he surprises me this year). Maybe if Rinne is unhappy in Nashville we can get him when his contract is out. Also, our friends across the river look better than ever, and our other friends in Philly don’t look so bad either. This will just be a year to let all the contracts expire maybe trade at the deadline for a couple of picks in the draft and move on. We can’t compete for a cup with this roster. I’ve been a Devils fan since the beginning of time and it kills me to say that.
Salary Cap
New year & coach but the same cap issues as last year. It is time for Lou to make a move and move some salary to be able to sign Parise and give the DeBoer some flexibility with the players during the begining of the season. Doc was a class act during all of these years and he surly will be miss during the Devils telecast but I am happy for him with the lesser schedule .

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