Yeah, I'm still not convinced this will stick. I bet teams start to challenge this down the road. "Rich" teams always seem to find a way to spend more than they are allowed.
- 1970vintage

Can't afford to take the chance and lose. Let's say we keep Luongo, trade Schneider, and Luongo decides to retire one year early. We get dinged with a $14,333,333 cap hit that season.

You're combining what all the other posters have said and rolling it into your response to me. I have never included anyone other than Nino, and I'm not even sure that he is the player that I would want if I were the GM negotiating the trade.

If you think that paying a player $4.5 million to be a backup in the AHL is better value than paying your starting goalie for an NHL team $6.67 million I just don't know what to say.
- 1970vintage

I know what today. Its something Hitler would do.

Can't afford to take the chance and lose. Let's say we keep Luongo, trade Schneider, and Luongo decides to retire one year early. We get dinged with a $14,333,333 cap hit that season.
- DrChristianTroy

With them moving in a season or two they are gonna be spending more money and the days of scraping just to get to the floor are gonna end. Not saying they are gonna spend to the top but they won't be using bogus cap hits etc etc to just reach the floor much longer. Its funny you mentioned the ECHL because the other day I was wondering if they could just send him there to finish his career so he doesn't take away from the prospects playing time in the AHL. Do they need the players permission to be sent there?
- Vukota

Yeah, under the current (and former) CBA they are not permitted to re-assign any player with an professional contract to another league (other than the AHL). They could "loan" him to a European league or send him to the ECHL if he agrees.

Yeah, I'm still not convinced this will stick. I bet teams start to challenge this down the road. "Rich" teams always seem to find a way to spend more than they are allowed.
- 1970vintage

The reason I think it will is because this rule was meant to keep these contracts from occuring again. They provided teams an 'out' for the existing contracts by providing the amnesty clause. It's a forgiveness clause to take care of these existing contracts.

Xxkeaner17xX

Can't afford to take the chance and lose. Let's say we keep Luongo, trade Schneider, and Luongo decides to retire one year early. We get dinged with a $14,333,333 cap hit that season.
- DrChristianTroy

Yeah, that's franked up, which is why I can't see it being upheld. Still, you are correct, there is an incredible risk.

Yeah, under the current (and former) CBA they are not permitted to re-assign any player with an professional contract to another league (other than the AHL). They could "loan" him to a European league or send him to the ECHL if he agrees.
- 1970vintage

Makes sense. Thanks

- Nucker101

Yup.

If he retires 2 years early, that figure is split (and so on).

The reason I think it will is because this rule was meant to keep these contracts from occuring again. They provided teams an 'out' for the existing contracts by providing the amnesty clause. It's a forgiveness clause to take care of these existing contracts.

Xxkeaner17xX
- keaner17

So you think that guys like Weber, Suter and Parise will get bought out before the season starts?

Yup.

If he retires 2 years early, that figure is split (and so on).
- DrChristianTroy

did you take into account the cap defect in the last few years? Because if he retires 1 year early the recapture could only be $4.33m...

Yeah, I'm still not convinced this will stick. I bet teams start to challenge this down the road. "Rich" teams always seem to find a way to spend more than they are allowed.
- 1970vintage

Personally I think it's illegal.

So you think that guys like Weber, Suter and Parise will get bought out before the season starts?
- 1970vintage

Speaking of Shea Weber...

CapGeek ‏@capgeek
Shea Weber's signing bonuses are paid each July 1. So, a month from now, he'll have been paid nearly $27M in less than one calendar year.

So you think that guys like Weber, Suter and Parise will get bought out before the season starts?
- 1970vintage

Good question. Though I have far less disdain for lenghty contracts to non goaltenders. Long term contracts to a butterfly goalie like Lou is terribly dangerous IMO since the natural slowing of reflexes and wear on knee's and hips makes his playing past 39-40 highly unlikely. I think the rule makes it pretty likely that the Canucks would be paying for the last few years of that contract. If I'm them, I'd much rather take the amnesty option while it's there.

Xxkeaner17xX

Speaking of Shea Weber...

CapGeek ‏@capgeek
Shea Weber's signing bonuses are paid each July 1. So, a month from now, he'll have been paid nearly $27M in less than one calendar year.
- AlexF

That's facking crazy

did you take into account the cap defect in the last few years? Because if he retires 1 year early the recapture could only be $4.33m...
- 1970vintage

How are you calculating that?

IF recapture isn't successfully challenged, Luongo has to be bought out. There's NO OTHER OPTION.
- DrChristianTroy

Recapture, if it can be enforced will effect more teams than people think. Off the top of my head Canucks, Wild, Blackhawks, Panthers, Predators, Rangers, Flyers.
Phuckin Burke.

Good question. Though I have far less disdain for lenghty contracts to non goaltenders. Long term contracts to a butterfly goalie like Lou is terribly dangerous IMO since the natural slowing of reflexes and wear on knee's and hips makes his playing past 39-40 highly unlikely. I think the rule makes it pretty likely that the Canucks would be paying for the last few years of that contract. If I'm them, I'd much rather take the amnesty option while it's there.

Xxkeaner17xX
- keaner17

I think the long contracts are borderline insanity, but like I said, teams with a lot of money/income find ways to spend more than they are allowed, just like rich people spend more on accountants to find ways to avoid paying tax and therefore save money.

If Weber is unable to play for the remaining 114 years of his contract, Nashville might not even have enough cap space to ice a team...

Personally I think it's illegal.
- AlexF

Well, if the players union and owners agree and have it written into their CBA, which they did, then it's tough to dispute. The trick is to not do those types of contracts anymore, which was precisely the rule's intent.

Xxkeaner17xX

Speaking of Shea Weber...

CapGeek ‏@capgeek
Shea Weber's signing bonuses are paid each July 1. So, a month from now, he'll have been paid nearly $27M in less than one calendar year.
- AlexF

Wow. Philly really (frank)ed over the Preds. I wonder what their owners were thinking when they saw the details of that offer sheet.

Recapture, if it can be enforced will effect more teams than people think. Off the top of my head Canucks, Wild, Blackhawks, Panthers, Predators, Rangers, Flyers.
Phuckin Burke.
- A_SteamingLombardi

Yup. Any team that's used term to circumvent the cap will get dinged HUGE. Weber (for example), if he stays in Nashville & decides to retire just one year early, the Predators will have to deal with a $32,857,143 recapture cap hit penalty.



Not sure how the NHL intends on dealing with that...

How are you calculating that?
- DrChristianTroy

Your pretence was that Lu was not traded and continued to play for the Canucks?

The cap +/- is based on actual salary versus cap hit, which is calculated as the total dollar value of the contract divided by the number of years.

So in year one, salary = $10m, cap hit equals $5.33m, cap savings of $4.67m

But if Lu plays all 12 years of the contract then it must come out even right?

So, if he retires one year early, the Canucks will have lost the early benefit of cap savings and had a cap "re-payment". So his final year salary is $1m, cap hit is $5.33, therefore the recapture can not be more than $4.33.

Well, if the players union and owners agree and have it written into their CBA, which they did, then it's tough to dispute. The trick is to not do those types of contracts anymore, which was precisely the rule's intent.

Xxkeaner17xX
- keaner17

I don't think the final wording as been agreed to yet.

XxstopthisbullpoopxX

So you think that guys like Weber, Suter and Parise will get bought out before the season starts?
- 1970vintage

WOW! Thanks Vintage. This post is great. If any of the following players became available, would they be untrable or would a GM find a way to work with the contract?:

Zetterberg
Hosssa
Weber
Parise
Suter
Keith
Kovalchuck
Crosby
Ovechkin

do we really want to start pulling out deals from years back and comparing? Kess- yeah I didn't think so.
- Isles_since_6

If you go back to Milbury times.... Just bury your head in the sand haha

Yup. Any team that's used term to circumvent the cap will get dinged HUGE. Weber (for example), if he stays in Nashville & decides to retire just one year early, the Predators will have to deal with a $32,857,143 recapture cap hit penalty.



Not sure how the NHL intends on dealing with that...
- DrChristianTroy

Preds go to the AHL for a year.