Tuesday, August 9, 2011
GM: Savard would forfeit contract by retiring
By James Murphy
Still suffering from post-concussion syndrome, Bruins center Marc Savard may not play in the 2011-12 season and there is a chance he may never play in the NHL again. But based on what general manager Peter Chiarelli pointed out to Fluto Shinzawa of the Boston Globe over the weekend, that doesn’t mean Savard will retire.
“If Savvy retires, he would not be entitled to the benefits of the contract,’’ Chiarelli told Shinzawa.
That means if Savard retired, he would be relinquishing the $21.05 million still owed to him in the six years remaining on his contract. So rather than retiring, it is very likely that Savard will report to Boston in September and be placed on long-term injury reserve. If that happens, Savard will still get his money for this season and the Bruins will be allowed to spend $4.007 million (Savard’s annual cap hit) over the salary cap.
As Shinzawa pointed out, under the current CBA, which expires in September 2012, Savard and the Bruins could continue that arrangement for the remainder of Savard's contract.