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Report: Financially, Marc Savard better off not retiring 08.07.11 at 12:50 pm ET
By DJ Bean

Bruins general manager Peter Chiarelli confirmed to the Boston Globe’s Fluto Shinzawa what many have figured since Savard was shut down for the season in January: if he retires, he won’t get the money due to him over the six years remaining on his contract. That means he’s better off coming to camp each year, failing his physical, getting his money, and giving the B’s the cap space since he’ll be on long-term-injury reserve.

“If Savvy retires, he would not be entitled to the benefits of the contract,’’ Chiarelli told Shinzawa.

By coming to camp each year and failing his physicals, Savard would still make the $21.05 million owed to him. The Bruins would be allowed to exceed the salary cap by his cap hit ($4.007 million) each year, as they did last season when they entered the season over the cap and later added defenseman Tomas Kaberle‘s money with Savard shut down for the season.

Again, this has seemed like the logical route for Savard to take since the season ended. While it may be a bit odd for him to show up each season without having a realistic chance of playing, it would be the smart thing to do financially for Savard and his family. Shinzawa notes that Savard would get the money from insurance, as Alexei Zhamnov did with the B’s.

Read More: Marc Savard, Tomas Kaberle, Print  |  Email   | Bark It Up!  |  Digg It
  • vh588083

    This is just plain sad

  • cheis

    i’m sure Jeremy Jacobs loves hearing this!

  • http://weei Brewin77

    How does insurance for the amount of Savvy’s contract work? Is the team stuck with paying the rest of contract or is it that since they’re not counting his salary against the cap a third party insurance is paying the contract?

  • John C

    That’s a good question Brewin77 I would love to hear a detailed response. Salary cap numbers seems to be vague and arbitrary at times in professional sports.

  • Deano

    DJ Bean – If Jacobs just sucked it up and bought out the remaining 21.05m in this contract. Would that allow Savard to get his 21.05m and retire while also opening up the 4.007 cap room for the Bruins?

    If Bruins have Savard’s cap room after he fails his physical, do you think the Bruins will stay put until the trading deadline and then make a big trade with the roughly 9 million in cap space they will have?

  • http://Enteryourwebsite... bruins77

    If the B’s buyout Savard’s contract, a portion of his contract will go against the cap every year for some time. (Eg. The Isles are still taking a hit for the Yashin contract buyout). The Bruins would be better off as well having Savy show up every year to camp and failing his physical. Any way you look at it though, its a sad situation for Savy. If he can’t return, lets hope the B’s get someone to help with the powerplay. Savy will be a hard powerplay specialist to replace. Regardless let’s do it again BRUINS!

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