The 66% Rule
This is an expanded explanation and reasoning behind the imposed new rule. I have changed it from what I said the rule should be before.
If I could make one change to the structure of the NHL salary cap, it would be the 66% rule.
The 66% rule is the following:
Any player that was drafted by the current team he plays for without having switched teams prior (example Glen Murray, he was drafted by Boston, left to Pittsburgh and Los Angeles, and then was later traded to Boston. Under the rule, he would not be subject to the 66% rule) or has played in fewer than 2 full NHL seasons, or 100 NHL games will have only 2/3 or 66% of their cap hit count against a teams salary cap. Players who are signed out of college and not drafted are subject to this rule as are as are European players who are not subject to entry level deals and have not played in the NHL for 2 full seasons or 100 NHL games. Entry level deals are not subject to the 66% rule. When a player under the 66% rule is traded, his full cap hit is used for the new team unless he is still subject to the rules above.
Sidney Crosby, Pittsburgh Penguins, drafted 1st overall by Pittsburgh. Cap hit: 8,700,00. Since he was drafted by Pittsburgh and is subject to the 66% rule, his cap hit would be 5,800,000.
Jack Johnson, Los Angeles Kings, drafted 3rd overall by Carolina. Cap Hit: 1,475,000. He did not play for Carolina, and was traded to Los Angeles, so he is subject to the 66% rule and his cap hit would be 983,000.
Jeff Finger, Toronto Maple Leafs, drafted 240th overall by Colorado. Cap hit, 3,500,000. He played one full season in Colorado before signing with Toronto. He is subject to the 66% rule and his cap hit would be 2,333,333.
The point of the rule is to put emphasis on retaining your own players, and stop teams from buying players. It also does not punish and prevent teams for having and keeping their own talent. It also allows for teams to acquire young talent that has not played a lot for a team and develop them and make them into a star player. It would also allow players to make more money by staying with their team, sort of like the NBA structure. It would not prevent players for making more money and it does not restrict their movement, as it is just an incentive for them to stay but teams would have a lot of cap space so they could still move teams.
In essence, the point of the rule is to allow teams to retain their players while still having the flexibility to sign UFA's.