4. 🏒 The Senators are taking a discount in 2020
Professional sports teams rebuild themselves all the time, but the Ottawa Senators are taking things a step further heading into next season, writes Axios' Michael Sykes.
What's happening: The Senators are absorbing bad deals in exchange for draft picks — and they're doing it to such a degree that one writer believes the team is "violating the spirit of the CBA."
By the numbers: The Senators have a projected cap number of $65.8 million, which is just above next season's lower limit of $60.2 million. But if you look closer, they're paying far less than that, per ESPN's Greg Wyshynski.
- Insurance will cover $10.1 million of the $15.3 million being paid to three injured players — Ryan Callahan, Marian Gaborik and Clark MacArthur — and the salaries of multiple other players are being partially paid by their former teams.
- Add it all up and Ottawa's actual salary expense will be just $47.5 million, per Cap Friendly. And don't forget: Other teams will cover a portion of that via revenue sharing.
P.S. ... In other NHL news, billionaire Alex Meruelo has officially taken over as majority owner of the Arizona Coyotes, becoming the first Hispanic owner in league history.