This isn't true though...
LTIR contracts would be gold if this was true. The Leafs would have 30 million in LTIR and Pietrangelo and Hamilton would be Leafs.
Again, from Scabeh's link. "The amount that a team may exceed the salary cap due to LTIR is commonly referred to as the “LTIR Pool”
"If a team cannot be cap compliant on opening day without using LTIR, the LTIR Pool is the amount the team exceeds the Cap. For example, if a team is $3M over the Cap and places a player on LTIR with a $4M Cap Hit for the opening roster submission, the LTIR Pool is the $3M that the team exceeded the cap"
So if the Leafs are at 81 million. and they add a 6.5 million contract. They would be at 87.5 million. They would have to start the year with the 6.5 million on LTIR - so their LTIR pool would be 87.5-81.5 = 6 million.
So we can exceed the cap by 6 million during the year...But we are already exceeding the cap by 6 million by being at 87.5 million.
Which means we can't do sh!t.
- Leafs43
We literally did do it last year. When we acquired Riley Nash at the TDL, we used Andersen's LTIR pool space to get him, and then he was placed on LTIR and we used his $2.75m in space to fit in Foligno @ 1.375m (50% and 50% retained) and Rittich's $1.375m (50% retained) on our roster.