Ondrej Palat

Against a 3.5% expectation, this deal gave the club $0.70M of room its plan did not expect (where this number comes from) over 5 seasons with a cap on file.

• 2022–23: 7.3% (where this number comes from) of $82.5M (actual cap) · expected 7.3% of $82.5M · gap $0.00M (where this number comes from)
• 2023–24: 7.2% (where this number comes from) of $83.5M (actual cap) · expected 7.0% of $85.4M · gap $0.13M (where this number comes from)
• 2024–25: 6.8% (where this number comes from) of $88.0M (actual cap) · expected 6.8% of $88.4M · gap $0.03M (where this number comes from)
• 2025–26: 6.3% (where this number comes from) of $95.5M (actual cap) · expected 6.6% of $91.5M · gap −$0.26M (where this number comes from)
• 2026–27: 5.8% (where this number comes from) of $104.0M (announced cap) · expected 6.3% of $94.7M · gap −$0.59M (where this number comes from)

Flat-cap tax (+) or windfall (−)

−$0.70M (where this number comes from)

Relative to the league

−$0.86M (where this number comes from) over 5 seasons: less room lost than the league's deals in force lost (2022-23 league rate 4.9%, n 93; 2023-24 league rate 5.0%, n 137; 2024-25 league rate 1.9%, n 206; 2025-26 league rate -2.7%, n 381; 2026-27 league rate -6.3%, n 589)

Buyer's-market discount

Not on file (applies only to deals signed in the 2020 and 2021 flat-cap summers)

The same at other expectations

2.5%: −$1.32M · 3.5%: −$0.70M · 4.0%: −$0.40M · 4.8%: $0.07M

At the league guidance on file when signed

Not on file (no dated league guidance covered these seasons on the signing date)

Mean share: expected · realised

6.8% · 6.7%

Flat equivalent

6.6%

Netted

Retention none on file; LTIR and bonus overage Not on file (no allowed source states them per contract)

Regime

Signed in the flat (2020-21 to 2023-24) years; runs through flat (2020-21 to 2023-24), fast rise (2024-25 to 2027-28).

Seasons

4 actual · 1 announced

Paid

$6.00M (where this number comes from)7.3% of the cap in 2022–23

Worth

$1.75MCap: paid at or above the market

Worth is what standard deals signed at 26 or older pay for production ranked where his projected points rank. It is a market price, not a judgement of the player.

Term

5 seasons, 2022–23 to 2026–27

Signed

2022-07-15 (2022–23: 7.3% of that cap)

At expiry

UFA

Trade protection

nmc: NMC (10-team trade list) — listed under New Jersey in 2025-26; same contract since traded (from a 2025–26 clause list; 2026–27 terms not separately confirmed)

Retained

Islanders assumed full $6M AAV in trade from New Jersey, no retention

Contract type

standard

Rules it was signed under

2020 MOU: at most 8 seasons with the incumbent club, 7 elsewhere; no season above 20% of the cap in force at signing.

Year-by-year salary and bonuses

Not on file (structure needs a licensed contract source (owner decision pending))

Tier

certified

Sources

• NHL.com

Quoted

"average annual value of $6 million" (Palat signs five-year, $30 million contract with Devils)

Archive

The current deal, from the live ledger. The archive holds 855 standard contracts; year-by-year structure is unknown on every one.

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