Small news item:
We can add that the #Leafs will also have an overage penalty this season of roughly $512,000 due to 3 players having hit bonuses last year.
— CapFriendly (@CapFriendly) September 13, 2016
As we’ve explained in the past, the use of LTIR relief on Nathan Horton’s contract means that every bonus dollar achieved is over the cap and will be penalized in the form of overages the following season.
This is why the Jared Cowen’s arbitration hearing — no resolution is expected until early-to-mid October — is of significance to the Leafs despite a tonne of LTIR relief available on the contracts of Stephane Robidas, Nathan Horton and Cowen himself.