I just am trying to figure this out, thats all, from cap friendly
What is a 35-plus contract?
If a player signs a multi-year contract and is age 35 or older (as of June 30 prior to the year of the effective contract), the players individual cap hit counts against the teams cap hit regardless of whether, or where, the player is active. However, there is one circumstance in which there is a cap hit reduction, a team will receive a $100,000 relief off of the teams salary cap hit, if a player is playing in the minor leagues after the first year of their contract.
The 35+ rule was introduced in the 2005 CBA and was intended to prevent teams from burying veteran players in the AHL, or from front-loading contracts to draw players to signing with them. One result of the rule is that it has lead to teams signing short one or two year contracts with veteran players, to prevent the possibility of being stuck with the players full cap hit if they are injured or unable to produce.
On a related note, over the previous couple years there has been significant confusion as to whether a buyout does or does not receive a cap benefit for 35-plus contract. The most recent understanding is that bought out 35-plus contracts do not receive a cap hit benefit, as is explained by Michael Russo. More details on this are available at the Buyout FAQ
So I am not sure if NMC means he cannot be moved to Rockford so they could bury his contract, or the fact he cannot be dealt, since there are also NTC stipulations. That seems to be what the 35+ stipulation was put in place more for, so they could put them in their affiliate system.
) If he was waived and cleared waivers, 1.025 of his cap can be buried--so his buried cap hit is less than 400k.
