Per the CBA reached in January 2013, teams receiving a “cap advantage” from existing long-term contracts (defined as seven years or more) will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year. Please note, contracts that fall under the "over-35" rule do not qualify for cap benefit recapture, the NHL has confirmed. CapGeek's recapture calculator helps determine whether a team is on the hook for a recapture penalty and if it is, how much: