The Florida Panthers moved several players to the minor leagues yesterday to prepare for the return of Aaron Ekblad but they still needed a little bit more cap space to get their star defenseman off long-term injured reserve. Head coach Paul Maurice told reporters including Kate Engleson of Bally Sports that it will be Rudolfs Balcers hitting waivers today to make room.
Balcers, 25, got off to a quick start with the Panthers this year but has seen his ice time limited in recent weeks and has just one point in his last nine games. The Latvian forward cleared waivers just a few months ago with the San Jose Sharks and is on a one-year, one-way contract worth $750K.
Interestingly, as CapFriendly points out, while waiving Balcers with the intention of assigning him to the minor leagues will clear enough cap space for Ekblad – it only just makes it. The team would be at the minimum of 18 skaters on the roster and would have no room to call up anyone else. That can result in some very tricky situations if players suffer injuries that do not require injured reserve. In that case, the Panthers would need to make some additional moves or play shorthanded.
Staying pressed right up against the cap ceiling could have some serious financial ramifications for the Panthers in other ways, too. Both Anton Lundell and Spencer Knight have significant performance bonuses in their entry-level contracts that would be carried over to next season if the team does not have the cap space to fit them in this year. The pair could earn as much as $2.7MM combined, though they would have to hit specific metrics for that to happen. The team is currently dealing with an overage of $637.5K from this mechanism last season.
So while activating Ekblad is certainly going to help the team on the ice, the cap situation in Florida continues to be a difficult puzzle to navigate for general manager Bill Zito.