In exchange for Jokinen, Carolina will receive a conditional draft pick, according to Bob McKenzie of TSN. The Hurricanes are expected to retain a portion of his salary as part of the deal.
Jokinen is playing in the second year of a three-year, $9 million contract that carries an annual average value of $3 million against the salary cap. Carolina placed Jokinen on waivers last week in an attempt to get the 30-year-old forward off their books. However, no team placed a claim. Despite this, reports surfaced that rival clubs were interested in Jokinen, but were not interested in taking on his contract, especially with the salary cap dropping to $64.3 million next season.
With Carolina willing to absorb some of the cap hit next season, this deal was likely easier for Pittsburgh to make.
As of Wednesday afternoon, there is no indication how much of the salary will be retained or what the condition of the draft pick will be. In previous deals this year, the conditions were based upon how far the receiving team advanced in the Stanley Cup playoffs.