Panthers trade Marc Savard's contract to Devils

DJ Bean
June 10, 2016 - 4:50 pm
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Marc Savard's contract has been traded again, as the Panthers flipped it to the Devils along with a second-round pick in 2018 for forwards Paul Thompson and Graham Black. The value of Savard's contract to a team is that they can use his $4.027 million cap hit to help them reach the cap floor next season while only paying him a $575,000 salary. Savard, who has not played since 2011 due to concussions, has only one year left on a contract that paid him $25.5 million in salary over the deal's first four seasons but had a lesser cap hit due to significantly lower salaries ($1.5 million, $575,000, $575,000) in its final three seasons. The Bruins initially shipped Savard's contract to Florida last summer along with Reilly Smith in exchange for the rights to then-restricted free agent Jimmy Hayes.

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