Quoting: TheAlien
Canucks aren't paying to move Ferland
Per Frank Seravalli literally
TODAY: "It’s not exactly one that’s eating up cap space, but when you consider the ramifications that come with having your team operate in LTIR, the Vancouver Canucks have in recent days and weeks been attempting to move the contract of Micheal Ferland. Now, he’s in the final year of his deal, we know that he’s not coming back to play, his cap hit is $3.5 million, and his real cash owed to him this season is $2.75 million, so they’ve been in touch with some other teams that either have had injuries in training camp up to this point, or are already operating in LTIR and might be able to use a little bit of a boost.
The thing with Ferland’s contract though that I think has gotten in the way of some of this is that because Ferland is out with injury, it’s not insured, so whoever’s picking up that deal would be paying the full $2.75 million in real cash. The Canucks are obviously trying to get rid of it because they don’t want to pay that and they don’t want to operate in LTIR, so they’re probably going to have to pay a little bit to move it, but we’ll see how that unfolds."