Zanzibar Buck-Buck McFate said:
The idea that Marner was ever going to sign for less than 10 was never tenable. Now it looks like 11 is the floor, except for all that cap implication stuff that I don't understand.
I'm probably going to get this wrong somewhere in the details (Deebo, help!)
Similar to what Nylander went through last year, signing after the season starts for an RFA means the annual value of the cap hit for the first year is pro-rated up to match the annual value for the remaining years, e.g. 6.9 AAV is prorated to 10+M annually for the 2 months missed; total actual cap hit from the daily aggregate totaled for that first season was still 6.9M.
This year, it is different because of LTIR. The Leafs will be using LTIR, and thus there is no cap space, and therefore, their cap calculations aren't considered done with daily cap hit aggregation; they're only looking at the annual values (i.e. the easy way).
If Marner wants a 10.5M AAV for the duration of his next contract but tries to take the Leafs into Dec 1 the way Nylander did, then the 10.5 has to be pro-rated to 13M (or whatever, I'm not doing the math). Then when you look at the annual cap for the Leafs, even with the 10.55M LTIR space, they're not going to be able to fit it unless they shed like 3M in cap off the roster. If Marner wants to push to December, the amount the Leafs can sign him for goes down to about 7M, which is counter productive in every possible way. Basically every day beyond Oct 2 the Marner camp pushes this, the Leafs can only sign him for less and less.