According to Capgeek, the Flyers will be paying Bryzgalov 1.64 million a year until 2027, when he will turn 47
- cap1681

As for the 2013-2014 season, the Flyers will be paying out almost 9.6 million to guys who either aren't on their team, or wont be playing.

Homer should be shot if he takes on another long contract after what went down with Bryz.
- cap1681

Hey at least the Canucks will take the hit if he retires

Still not as bad as Bobby Bonilla
- Ryan_Wilson

yeah, he'll be still getting paid into his 70s by the Mets

yeah, he'll be still getting paid into his 70s by the Mets
- cap1681

What? Do you have a link where I can this?

What? Do you have a link where I can this?
- Orpik44

http://online.wsj.com/art...04575339013108198050.html

What? Do you have a link where I can this?
- Orpik44

The Mets owed him 5.9 mil when they released him in 2001. They needed the money to sign other players, so they came up with a deal. If he could hold off getting paid for 10 years, they would pay him an annunity of 1.2 million over 25 years. It started in 2011 and goes to 2035

Oh I didn't know it stuck with the original team that signed them. But it is pretty stupid that they punish these teams AFTER they approve it and It was during the old cba. It's like saying, I texted and drove 2 years ago, and now since it just became a law last year that we cant do that (in IL) I'm getting a ticket for it now.
- drummer829

Missed your edit, so is it the team that has him the longest on their cap payroll?
- drummer829

As I understand it, it works like this: Let X equal the total real world dollars a team paid the player. Let Y equal the number of dollars that team endured under the cap for that player's contract.

If X > Y, that team will be charged X - Y on the cap, spread out through the remainder of the contract's term.

Do this for each team that has a frontloaded contract on the cap, with the exception of such contracts traded before the lockout (i.e. Richards, Carter).

Also, if Y > X, teams generally do not get credit for negative cap advantage. I'm not so clear on this rule, though.


As for punishing teams after the fact, it's particularly annoying to me because the NHL approved those contracts. They should have started the fuss they did over the Kovalchuk contract the first time it was done, and created a precedent against it. At least the punishment is in the form of a financial poison pill, so fans of the team aren't punished with a more direct competitive anchor.

EDIT: poop, had it backwards.

Homer should be shot if he takes on another long contract after what went down with Bryz.
- cap1681

Especially if it's for a goaltender. Ugh, I'm just relieved it's over.

The Mets owed him 5.9 mil when they released him in 2001. They needed the money to sign other players, so they came up with a deal. If he could hold off getting paid for 10 years, they would pay him an annunity of 1.2 million over 25 years. It started in 2011 and goes to 2035
- cap1681

The New York Mets placed Bonilla on unconditional waivers in 2000. He spent the 2000 season playing for the Atlanta Braves. The Mets agreed to pay out the remainder of Bonilla's contract by deferring the $5.9 million that he was due. The Mets will pay him 25 equal payments of $1,193,248.20 every July 1 from 2011 until 2035, assuming an annual interest rate of 8% during the period 2001–2035.

This is a stupid deal. I can't believe it.

So, Holmgren used his two buyouts on Bryz and Briere. Two good choices. However, a year from now, he will have wished he had one remaining for Streit.

I still think GMs should be held accountable for offering ridiculous contracts. I was never in favor of amnesty buyouts.

So, Holmgren used his two buyouts on Bryz and Briere. Two good choices. However, a year from now, he will have wished he had one remaining for Streit.

I still think GMs should be held accountable for offering ridiculous contracts. I was never in favor of amnesty buyouts.
- Oneonta Penguin

amnesty...it's kind of ironic.

I think you can't buy out Streit since he signed this year.

Could see Halak in Philly too

Could see Halak in Philly too
- nelson911

He's the guy I wanted to see in Pittsburgh. Let them sign Smith to a 7 year contract.

He's the guy I wanted to see in Pittsburgh. Let them sign Smith to a 7 year contract.
- Orpik44

I will laugh my ass off if they pursue Mike Smith, that guy will fail miserably in Philly

amnesty...it's kind of ironic.

I think you can't buy out Streit since he signed this year.
- Orpik44

From capgeek:

Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more for contracts signed prior to the January 2013 CBA — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.

You are correct.

I will laugh my ass off if they pursue Mike Smith, that guy will fail miserably in Philly
- nelson911

Philly Buys Out Bryzgalov (E5), Luongo to Flyers (E4)

From capgeek:

Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more for contracts signed prior to the January 2013 CBA — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.

You are correct.
- BulliesPhan87

So...what do you think about them chasing Luongo now? Wouldn't it be easier to wait for Vancouver to buy him out too so you could sign him to a reasonable deal?

So...what do you think about them chasing Luongo now? Wouldn't it be easier to wait for Vancouver to buy him out too so you could sign him to a reasonable deal?
- Orpik44

Aren't buy outs closed basically by this weekend ? if so everyone waits to see what Gillis does.... He's screwed

I'd make a joke about how awful Holmgren is, because he's pretty bad, but I think that deal was more Snider's than Holmgrens.

So...what do you think about them chasing Luongo now? Wouldn't it be easier to wait for Vancouver to buy him out too so you could sign him to a reasonable deal?
- Orpik44

Any team that trades for that Luongo contract is making a huge mistake. No two ways about it.

Any team that trades for that Luongo contract is making a huge mistake. No two ways about it.
- BulliesPhan87

Vancouver would probably have to eat a chunk of the salary, plus wont get much in return.

Vancouver would probably have to eat a chunk of the salary, plus wont get much in return.
- cap1681

Any word that they're trying to trade him is Vancouver bluffing. He'll be bought out, if not this year it'll be next year.

Any word that they're trying to trade him is Vancouver bluffing. He'll be bought out, if not this year it'll be next year.
- BulliesPhan87

They have to do something. They have 17 players under contract right now and have 47k in cap space.

Any word that they're trying to trade him is Vancouver bluffing. He'll be bought out, if not this year it'll be next year.
- BulliesPhan87

..and I can see Luongo choosing another place to go. Not Philly. bad place right now. Bryz just got bought out. Tough situation.

Wait, so GunnerStaal is the Pens blogger now? Excellent!
- kill.monsters