The Salary Cap Effect Of The Mike Fisher Trade

If you follow country music, you know a bit about Carrie Underwood. What you may or may not know is that Carrie’s husband is ex-Ottawa Senator and new Nashville Predator Mike Fisher.

Lucky for you, this article isn’t about country music. No offence to anyone who enjoys some Garth Brooks.

The Predators acquired Fisher on Wednesday in exchange for a 2011 first-round draft pick and a 2012 third-round selection.

I’ll say this loud and clear: Mike Fisher is a well-paid NHL player. His current contract (signed in 2008) is for 5-years and worth $21,000,000.

That’s a lot of chicken.

Fisher is due $4-million this season, as well as the same amount next season. For his final season (2012-2013), Fisher will be paid approximately $3-million.

The official cap hit for each of Fisher’s contracted seasons? $4,200,000.

However, since the Predators acquired Fisher mid-season, they will only be responsible for $1,354,839.

According to the fine folks over at, the Predators are projected to finish the 2010-2011 season with $51,013,844 in spending, which would be $8,386,156 under their $59.4 million cap limit. The Predators already had some wiggle room as far as finances are concerned.

On the other hand, the Ottawa Senators needed to make some salary cap room. Like the Predators, Ottawa has a $59.4 million limit. With the ousting of Mike Fisher from their books, the Sens are projected to finish the 2010-2011 season with $57,825,197 in spending, which would be $1,574,803 UNDER the limit.

Mission accomplished.

This post originally appeared at Sports Agent Blog.

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