NHL has vetoed a substantial trade between Carolina and Philadelphia

This morning, it was reported that the hold up in processing the trade was that the NHL viewed the trade as a cap circumvention. In the CBA, it states that a team cannot re-acquire a player within 12 months of trading them away. The Canes traded DeAngelo to the Flyers in July last off-season and the Flyers then signed him to a two-year, $10M contract. The NHL is expected to meet with both sides in Nashville this week to discuss the situation.

The Flyers and Canes have both argued that it is not a cap circumvention as DeAngelo was an RFA at the time and it was former Flyers' GM Chuck Fletcher that signed him to his current contract, not Daniel Briere or the Canes. The NHL could force the Flyers and Canes to wait until July 9th to make the trade but that could put a handful of other trades on hold or take either team out of other trades, particularly the Flyers who are in the process of a fire sale.