You’d think that by being Sidney Crosby and trying to sell a house you’d be able to keep your hockey life out of that whole equation. Not so fast, friends. This could have been a serious issue for the Penguins.
Who would have thought that there could be an issue brought to life with merely selling a house?!
According to Shelly Anderson of the Pittsburgh Post-Gazette, Crosby’s efforts to sell his house to Penguins president and CEO David Morehouse had to be cleared by the NHL to make sure that their sale agreement didn’t constitute a violation of the salary cap. The issue there being that Crosby was selling an obviously high priced piece of property to a team executive and if the price of the home was over inflated or too much of a bargain, it could’ve been seen as a way of dancing around the salary cap.
Think about it, Sid sells the house for a big price, the team president has to give him more money or vice versa. Sounds goofy, but it makes sense. Imagine that salary cap penalty though, it’d be like playing a game of Monopoly in real life.
Instead, Crosby sold the home to Morehouse for a measly $2.4 million, just $100,000 more than he paid for it when he bought it. Good thing we didn’t have to get the kids from CapGeek.com involved in the real estate business on this one.