Islanders acquire Tim Thomas’s phantom cap hit in trade with Bruins, because the CBA rules (Puck Daddy)

When Tim Thomas informed the Bruins that he had no intention of playing the 2013 season, there was immediate speculation that a small market team with a small payroll might acquire his contract. He's suspended for not reporting, so the team wouldn't have to pay his salary. It would just count towards their cap, and if they were struggling to get above the cap floor, this would be like lowering it by $5 million. Sure enough, that's exactly what's happened. As first reported by Eklund (which shows that even a broken clock is right twice a day, so Eklund still doesn't come correct as often as a broken clock), the New York Islanders have acquired Thomas and his phantom cap hit in exchange for a conditional 2nd round pick. Boy, the Islanders are all about acquiring guys that don't want to play in the NHL this season . Before you flip out about the fact that the Islanders just traded a second round pick in exchange for the right to not play a guy, remember that it's a conditional pick. And, according to Bob McKenzie, the condition is that Thomas plays. If he does (or if the Islanders trade his rights again), the Bruins get the Islanders' second. If he doesn't, the Islanders just acquired him for free.

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