Cap & Crease
Est. 2026 — Vol. I — Data Feed Active
PUBLIC RECORD · THE DOCKET
TRADE RULINGS
Loading published trade rulings and current grades
Cap & Crease
Est. 2026 — Vol. I — Data Feed Active
← THE DOCKET
TRADE BREAKDOWN · COMPLETED 2026-06-29
ANA / FLA
ANA +18.0 AS SAVED (the model's value read, after package counting). The model's feasibility audit disagreed with the trade: Partner Cap Breach.
ANA model grade A+
Value net +18.0 NAV, 100% of the larger package, ahead.
FLA model grade F
Value net -18.0 NAV, 100% of the larger package, behind.
A grade is the model's value read at the time, as a letter: how far apart the two packages were after package counting, as a share of the larger one. Trades the headline calls fair are a B for both clubs. It leaves out cap, lineup holes, fit, the contention window and injuries, which are listed separately below, and a club can take a lower grade for need. It's not a prediction of who wins the trade; the value model ordered real trades only modestly better than chance.
THE SCALE · v1
- A+: ahead by 28% or more
- A: ahead by 20% or more
- A-: ahead by 15% or more
- B+: ahead by 10% or more
- B: inside the fair band (within 10% or 10 NAV)
- B-: behind by 10% or more
- C+: behind by 15% or more
- C: behind by 20% or more
- C-: behind by 28% or more
- D+: behind by 36% or more
- D: behind by 44% or more
- D-: behind by 52% or more
- F: behind by 60% or more
The before-and-after snapshot was not recorded for this trade: it was saved before that existed. The package, margin and grading details below are as saved.
HOW THE MARGIN IS BUILT · ANA gets 18 raw from FLA and sends -20 raw: +38.0. Package counting -20.0 (best player in full, each further player counts for less, negative players count as zero). Margin +18.0.
PER-ASSET COUNTING
ANA sends: -20 raw, 0 counted
Radko Gudas: raw -20 → counted 0. Negative NAV counts as zero inside a package.
FLA sends: 18 raw, 18 counted
A.J. Greer: raw 18 counted in full
HOW IT WAS GRADED · AS SAVED · Saved before grading dates were recorded, so the day it was graded, the model version and the data dates are not known. This cannot be called a grade struck at the time of the trade.
WHAT THE MODEL FLAGGED
- Partner Cap Breach. Florida Panthers is already over the ceiling and this trade adds $0.95M more.
- Anaheim Ducks can't drop below 3 quality defencemen. Anaheim Ducks currently has 2 quality defencemen. Trading away Radko Gudas leaves them with only 2.
- Change of scenery — Gudas may thrive elsewhere. A different deployment, line combination, or organizational culture sometimes unlocks production.