If you were wondering how this works, long-term backdiving deals were outlawed. So Chicago gets hit with a penalty for the years Keith played at a salary cap hit that was ultimately ($7.4 mil total) under what he was actually paid in cash over time.
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Duncan Keith set to retire and the Chicago Blackhawks will be hit with a cap recapture penalty as a result
Photo credit: © Bob Frid-USA TODAY Sports
Jul 8, 2022, 13:10 EDTUpdated: Jul 8, 2022, 13:08 EDT
We’ve got non-draft-related news breaking from the draft floor in Montreal.
Edmonton Oilers defenceman Duncan Keith is set to announce his retirement, according to Daily Faceoff’s Frank Seravalli.
Keith, 38, spent 16 seasons with the Chicago Blackhawks, and the past season — his last in the NHL — with the Edmonton Oilers as he wanted to be closer to his family, who reside in British Columbia.
As a result of his retirement, Chicago will be hit with a cap recapture penalty, costing them $5,538,462 in 2022-23, and $1,938,456 in 2023-24.
The Vancouver Canucks were hit with a recapture penalty that lasted three seasons when Roberto Luongo announced his retirement, and were penalized $3.03 million per season for the last three seasons.
2022-23 will mark the first season in which the Luongo recapture penalty is off the Canucks’ books.
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