Report: Financially, Marc Savard better off not retiring
|08.07.11 at 12:50 pm ET|
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.