The Hurricanes made headlines Saturday when they signed star forward Seth Jarvis to an eight-year, $63.2 million contract. The deal isn’t anything too notable on its own – it’s a reasonable AAV at $7.9 million for a great superstar.
However, when taking a closer look at the contract, you’ll notice Carolina will only eat a $7.42 million cap hit. That’s because Jarvis’s contract includes $29.24 million in signing bonuses, a number that includes deferred dollars that lower his current cap hit.