After placing Nick Foligno, Mike Reilly and Chris Wagner on waivers on Sunday and the trio subsequently clearing today, the next step for the Bruins to become cap compliant with a 23-man roster was to send the trio to Providence in what is surely a paper transaction – for now.
Also sent to the AHL was the waiver exempt Jakob Lauko. Matt Filipe opens up on the Boston roster on Season Opening Injured Reserve but carries no cap hit to the team.
Today’s moves involving the trio waived yesterday carries a cap hit of $4,775,000 for the Bruins. By sending them to Providence, the Bruins save $1,125,000 each on their cap hits. This is known in the NHL as the Wade Redden rule.
In the end, the moves leave the Bruins with $408,333 in cap space and leaves them without a thirteenth forward or seventh defenseman.
What’s yet to come?
We will likely see Brad Marchand placed on LTIR as early as tomorrow. That will allow the Bruins some cap maneuverability to sign Anton Stralman, still with the team on a PTO, and to recall either Foligno or Wagner as the thirteenth forward.
Today’s moves aren’t the end, they are the beginning, and it starts by being cap compliant.
There is more to come.
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