That isn't correct...

Hossa will only be paid $4 mill in 2016-2017 and then $1 mill for the next four seasons.

So in his last 5 seasons he will earn only $8 million....If he plays.

So his buyout number would be less...

Retiring is different....A reason to structure a players contract and spread the term out so long is for buyout purposes.
- Al

Then the algorithm used is incorrect. I get really high numbers too for Keith when a 2019 buyout year is run on him. Thanks...

No a one way contract means the players gets his full salary even though he is sent to the minors...

Last year Bollig earned $57,500 in Rockford and $545,000 in Chgo because he had a two way contract..
- Al

Just like Olesz this season. Millions of dollars spent to skate around in Rockford.

I don't think he is arb eligible.
- Al

I don't think he is either.

Then the algorithm used is incorrect. I get really high numbers too for Keith when a 2019 buyout year is run on him. Thanks...
- blackhawk24

No problem it all can get very confusing...

My point in the article was buyout money is based on what is owed...

If a player is owed a larger % of money in the last part of his cotract it isn't as appealing to buy him out.

Although Hossa has a out a $63 mill deal only a total of $4 mill is owed over the last four years...

This issue fell through the cracks in the last CBA and could be easily fixed with a hard and fast limit as to what is paid out over the last 1/3 of a long mega contract.

No problem it all can get very confusing...

My point in the article was buyout money is based on what is owed...

If a player is owed a larger % of money in the last part of his cotract it isn't as appealing to buy him out.

Although Hossa has a out a $63 mill deal only a total of $4 mill is owed over the last four years...

This issue fell through the cracks in the last CBA and could be easily fixed with a hard and fast limit as to what is paid out over the last 1/3 of a long mega contract.
- Al

Whoever said accounting was boring and didn't require any creativity was a liar.

I think the confusion is what Hossa gets paid versus what the Salary Cap hit is.

This is the Cap Hit - not what Hossa gets paid.
2017-18: $4,608,333
2018-19: $4,608,333
2019-20: $4,608,333
2020-21: $4,608,333
2021-22: $333,333
2022-23: $333,333
2023-24: $333,333
2024-25: $333,333
- shruew

That's what I thought, those numbers are the cap hit. Seems Al thinks otherwise. If so CapGeek's algorithm is wrong. Doing the same for Keith in 2019 (with 4 years left for him that summer) yields large numbers too for that last column.

Whoever said accounting was boring and didn't require any creativity was a liar.
- fattybeef

You see the language used in the CBA's for all the major league sports? It's a cluster-f(u)ck. I think it's a job-security-based conspiracy for bean counters and lawyers so they can stay employed longer.

That's what I thought, those numbers are the cap hit. Seems Al thinks otherwise. If so CapGeek's algorithm is wrong. Doing the same for Keith in 2019 (with 4 years left for him that summer) yields large numbers too for that last column.
- blackhawk24

Salary owed is a 2/3rds (or 1/3rd depending when they signed the contract) of the remaining actual salary over twice the term.

The cap hit is (Original Cap Hit) - (Original Salary) + (Buyout Salary)

So these front loaded contracts all have bad cap hits at the end since the difference between Original Cap hit and Original Salary is so high.

This is why circumvention became suspected that there might have been an underhanded agreement to just retire.

You see the language used in the CBA's for all the major league sports? It's a cluster-f(u)ck. I think it's a job-security-based conspiracy for bean counters and lawyers so they can stay employed longer.
- blackhawk24

You'll like this....

I read a book called World War Z (soon to be movie) and its a different take on a zombie apocalypse. After the zombie's take over all the lawyers and bean counters becomes simple laborers because nobody needs their skillsets. All the tradespeople become the "upper class" because they have the skills necessary to survive in the new world. It's way off topic but any story of lawyers getting the short end of the stick is a good one.

You'll like this....

I read a book called World War Z (soon to be movie)
- DarthKane

Good book! It's companion The Zombie Survival Guide: Complete Protection from the Living Dead should probably be required reading for all high schoolers too!

Good book! It's companion The Zombie Survival Guide: Complete Protection from the Living Dead should probably be required reading for all high schoolers too!
- shruew

I have that book too but I haven't read it yet. I'm a fan of zombie apocalypse stories. The World War Z movie will star Brad Pitt but I fear it won't resemble the book.

But, I digest....back to hockey.

But, I digest....back to hockey.
- DarthKane

Could John Scott out skate a team of zombie hockey players?

Salary owed is a 2/3rds (or 1/3rd depending when they signed the contract) of the remaining actual salary over twice the term.

The cap hit is (Original Cap Hit) - (Original Salary) + (Buyout Salary)

So these front loaded contracts all have bad cap hits at the end since the difference between Original Cap hit and Original Salary is so high.

This is why circumvention became suspected that there might have been an underhanded agreement to just retire.
- shruew

The circumvention part is that the player could walk away from his contract with 1/3 of the term left and only leave $4 mill on the table....Which in Hossa's case is only about 6% of his total deal.

My thinking is that can be easily changed in a new agreement by mandating a larger percentage of the salary owed to be paid out in the last 1/3 of the term.

The circumvention part is that the player could walk away from his contract with 1/3 of the term left and only leave $4 mill on the table....Which in Hossa's case is only about 6% of his total deal.

- Al

I think we're saying the same thing. The player can just retire and not have much salary to lose while the team gets around the bad salary cap buyout penalties.

You see the language used in the CBA's for all the major league sports? It's a cluster-f(u)ck. I think it's a job-security-based conspiracy for bean counters and lawyers so they can stay employed longer.
- blackhawk24

You know what is the worst part about all of this....The agreement is so complicated and they always seemed press for time to get it done.

That's a huge issue....last time some of the stuff in the agreement looks like is was thrown together over a long weekend....Which might have been the case.

I think we're saying the same thing. The player can just retire and not have much salary to lose while the team gets around the bad salary cap buyout penalties.
- shruew

Yep and my thinking is that could have been easily rectified last time and should be corrected in the next agreement.

I might change or add to one line in the article to make a little clearer...If that is possible.

My guess is there was more to Johnsson disappearing act than an injury...
- Al

"thou shall not covet thy team mates wife!" especially being new to the team!
E O S !!

My guess is there was more to Johnsson disappearing act than an injury...
- Al

"thou shall not covet thy team mates wife!" especially being new to the team!
E O S !!

any chance olez stays in Chicago I heardhe looked good in Rockford?