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Budget Still Tight For Canes

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Don't expect the Carolina Hurricanes to be active during the opening of free agency today.  Even though Rod Brind`Amour's salary comes off the books with his retirement, (at least as far as the budget goes, it stays on the salary cap number),  the team is still tight up against their self-imposed targeted budget number of $43.4 million, the mandatory cap minimum.

Brind'Amour's departure frees up $2 million of cash this season, but the team still is committed to over $42 million in salary so far (depending upon who makes the team), and the organization still needs to sign a few more players.  Anton Babchuk will probably earn at least $1 million and backup goalie Justin Peters needs a contract as well. 

Add in another defenseman or two (Brett Carson and ?), and the Hurricanes could easily be over $44 million.

Update--(Adding in Bobby Sanguinetti)

Check out the details after the jump:

Player Cap Hit
2010-11
Salary (Cash)
2010-11
Eric Staal $8,250,000 $7,500,000
Cam Ward $6,300,000 $5,000,000
Joni Pitkanen $4,000,000 $4,500,000
Tim Gleason $2,750,000 $3,000,000
Sergei Samsonov $2,533,000 $2,800,000
Tuomo Ruutu $3,800,000 $4,000,000
Jussi Jokinen $1,700,000 $1,900,000
Erik Cole $2,900,000 $3,000,000
Chad LaRose $1,700,000 $1,900,000
Brandon Sutter $1,225,000 $ 875,000
Tom Kostopoulos
$ 916,667 $ 950,000
Patrick Dwyer $ 500,000 $ 500,000
Jay Harrison $ 500,000 $ 500,000
Jiri Tlusty $ 500,000 $ 500,000
Anton Babchuk $ -- RFA
Totals, (One Way Deals) $37,571,667 $36,925,000
Zach Boychuk (two way deal)
$1,196,000 $ 875,000
Drayson Bowman (two way deal)
$ 846,000 $ 637,000
Oskar Osala (two way deal)
$ 850,000 $ 785,000
Jamie McBain (two way deal)
$ 850,000 $ 635,000
Zac Dalpe (two way deal)
$ 704,167 $ 550,000
Jerome Samson (two way deal)
$ 512,500 $ 500,000
Bobby Sanguinetti (two way deal) $ 855,000 $ 765,000
Brett Carson $ -- RFA
Casey Borer $ -- RFA
Alexandre Picard $ -- RFA
Justin Peters $ -- RFA
Bryan Rodney $ -- RFA
Totals, (Two Way Deals) $ 5,813,167 $ 4,747,000
Rod Brind`Amour **buyout $3,500,000 $1,000,000
Frantisek Kaberle **buyout $ 733,333 $ 733,333
Totals, (Buyouts) $ 4,233,333 $ 1,733,333

 

Grand Totals $47,618,167 $43,405,633

 

Obviously, not all of the players who have two-way contracts will make the team, but the Canes will need to fill in a roster of at least 21 or 22 players.   The results of training camp will determine the actual budget. Either way, it does not appear that there is any room for the likes of a Joe Corvo or Brian Pothier.  We will see.

For a look at future years, check out our, Hurricanes Unofficial Salary Chart.

Whether the Hurricanes are active during free agency or not, we will be watching here at Canes Country.  An open thread will be ready to go starting at noon where we can discuss the results of "Free Agent Madness" all day long.  

Where will Ray Whitney and Matt Cullen end up? And Ilya Kovalchuk?