This new style of contract certainly brings an interesting twist to how contracts will be negotiated in the future as the conventional contract would be an 8-year deal divided by the amount given and that would be the cap hit. In this case, Jarvis is deferring $400,000 of salary per year and will have a 9th year in his deal which will be in the form of a signing bonus.
Seravalli explains that this has always been in the collective bargaining agreement, but the Hurricanes will be the first team to use this way as they will not be charged in the ninth year of salary cap because the Hurricanes have paid out their cap hit throughout the eight years.
It's widely expected that teams will adopt this way of doing business as in NHL general managers look for any way they can to salvage cap space. Jarvis holds a Maple Leafs link as his draft pick was the draft pick Kyle Dubas sent to the Hurricanes to get out from under the contract of Patrick Marleau.
