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How does cap advantage recapture work?

Following is a breakdown of cap benefit recapture penalties that would apply to a team should the listed player retire before fulfilling his contract. The penalties are listed by annual cap amount and number of years applicable, based on off-season retirement year. Rolling the mouse pointer over the annual amount will pop up the player's age as of the listed retirement year as well as his actual salary for the corresponding season. Highlighted in green are "diving" years considered to have higher retirement potential, classified as any year where the player's actual salary is $3,000,000 or less.

Player 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Carter, Jeff » * LAK
Chara, Zdeno » BOS
Crosby, Sidney » PIT
Ehrhoff, Christian » BUF
Franzen, Johan » DET
Hossa, Marian » CHI
Keith, Duncan » CHI
Kronwall, Niklas » DET
Myers, Tyler » BUF
Luongo, Roberto » ** FLA
Luongo, Roberto » ** VAN
Ohlund, Mattias » TBL
Parise, Zach » MIN
Quick, Jonathan » LAK
Richards, Brad » NYR
Richards, Mike » *** LAK
Savard, Marc » BOS
Suter, Ryan » MIN
Weber, Shea » NAS
Zetterberg, Henrik » DET

* — No penalties apply to Philadelphia or Columbus because Carter was traded before the 2013 CBA came into effect. Carter's recapture penalties are an estimate based on a 40/185 ratio of salary/cap hit for the 2011-12 season; ** — Luongo's recapture penalties are an estimate based on a 41/195 ratio of salary/cap hit for the 2013-14 season and assume Vancouver is responsible for 15 percent of Florida's recapture penalty in addition to the penalty they will incur for the benefit they receive from the annual salary/cap hit they are retaining; *** No penalties apply to Philadelphia because Richards was traded before the 2013 CBA came into effect; **** Although Chris Pronger's contract meets the criteria for recapture, he is not listed because he has an "over-35" contract, meaning his cap hit counts against his team's cap in full should he retire.