Wednesday, July 02, 2008

Flyers Also Start Painting Cap Ceiling

The Philadelphia Flyers have now ventured ever-closer to the cap ceiling and we've only ventured into the second day of July. The Flyers have confirmed the signings of restricted free agents, Randy Jones and Riley Cote.

Jones, 27, signed a 2-year deal, worth $5.5 million, which equates to $2.75 million against the cap in both years. He played in 71 games last season, scoring 5 goals and adding 26 assists for the Flyers and was a good pick-up in the waiver draft of the Sherpa's hockey pool.

Cote, 26, signed a 3-year deal, reportedly worth $1.65 in total (which may have to be confirmed, since that sounds awfully low). He is most certainly the team's enforcer these days, racking up 202 penalty minutes in 70 games. He only managed 4 points during the season, so he certainly shouldn't be on your radar for that.

With the two new signings added to the table, the Flyers now have 18 players signed on for a cap hit of $53.9 million. The cap hit still doesn't include any hit from Glen Metropolit, who was signed earlier. This leaves less than $2.8 million for five active players.

Mike RichardsKimmo TimonenMartin Biron
Daniel BriereBraydon CoburnAntero Niittymaki
Jeff CarterRandy Jones
Mike KnubleDerian Hatcher
Joffrey LupulLasse Kukkonen
Scott Hartnell
Glen Metropolit
Scottie Upshall
Simon Gagne
Steve Downie
Riley Cote

Much like the Blackhawks and the Devils, the Flyers are going to test the boundaries of the NHL salary cap limits this summer and they will all have to do something about their walk on the wild side. The teams who have already eclipsed the $50 million mark for active players (seven teams) may have to start dealing with the teams who haven't even cracked the $40.7 million floor for their active players... all ten of them. This scenario has some eyebrows raised, I'm sure.

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