Grubauer, an uncompensated free agent for the Colorado Avalanche, signed a six-year, $ 35.4 million contract with the expansion team on Wednesday, with an average annual value of $ 5.9 million compared to the salary cap.
The contract was rejected by the NHL Central Registry because it violated the league’s requirements for an IPL contract. According to CapFriendly, who first reported the rejection, the $ 1.5 million pay gap between 2022-2023 ($ 6 million) and 2023-24 ($ 7.5 million) exceeds 25% of the salary for the first year of the contract ($ 5 million).
The NHL tightened these wage rules in the new collective agreement, which was established in the summer of 2020. Advance contracts in “immediately adjacent years” cannot exceed 25% of the difference from the first year of this. contract, and no contract year can exceed 60% deviation from the highest year of the contract.
The contract will need to be restructured and resubmitted to the NHL for approval. The Seattle Times reported on Sunday that the Kraken had already done so, taking $ 250,000 from third year and adding it to second year, pending the league review.
Grubauer, 29, was a finalist for the Vézina Trophy this season and was considered one of the best goalkeepers in the free agent market after being unable to agree on an extension with the Avalanche.