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Forums :: Blog World :: Jeremy Laura: Free Agency boomerang theory and signing bonuses take a hit
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Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 11:39 AM ET
Jeremy Laura: Free Agency boomerang theory and signing bonuses take a hit
wingz4life
Detroit Red Wings
Location: Canada Sucks, MI
Joined: 01.31.2006

Apr 26 @ 12:57 PM ET
can we count on Yzerman staying away from giving out ridiculous free agent contracts? Maybe, because he's put himself in a corner in terms of cap space and cant give out these dumb contracts anymore because he's in a "cap crunch".
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:02 PM ET
can we count on Yzerman staying away from giving out ridiculous free agent contracts? Maybe, because he's put himself in a corner in terms of cap space and cant give out these dumb contracts anymore because he's in a "cap crunch".
- wingz4life


They currently have an estimated 30m in space projected. There are teams with 13 players signed and less than 10. Are there bad contracts? Yep. There is also some space to work with.
StargateSG1
Detroit Red Wings
Location: Buffalo Grove, IL
Joined: 03.07.2013

Apr 26 @ 1:08 PM ET
They currently have an estimated 30m in space projected. There are teams with 13 players signed and less than 10. Are there bad contracts? Yep. There is also some space to work with.
- Jeremy Laura


Not much cap

https://detroithockeynow....itz-seider-lucas-raymond/
wingz4life
Detroit Red Wings
Location: Canada Sucks, MI
Joined: 01.31.2006

Apr 26 @ 1:09 PM ET
They currently have an estimated 30m in space projected. There are teams with 13 players signed and less than 10. Are there bad contracts? Yep. There is also some space to work with.
- Jeremy Laura

great, so who is he overpaying for 5-6 million a year?

Im highly skeptical of Yzerman in free agency. this is right behind poor drafting in terms of negatively impacting the team.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:17 PM ET
Not much cap

https://detroithockeynow....itz-seider-lucas-raymond/

- StargateSG1


It literally says 28.8m and makes a lot of assumptions. Can an ELC player replace Fischer? Can a bad deal be moved? Yzerman has made bad moves, but they’re not devastating
StargateSG1
Detroit Red Wings
Location: Buffalo Grove, IL
Joined: 03.07.2013

Apr 26 @ 1:18 PM ET
great, so who is he overpaying for 5-6 million a year?

Im highly skeptical of Yzerman in free agency. this is right behind poor drafting in terms of negatively impacting the team.

- wingz4life


I honestrly don't know what he is thinking when he says he is interested in bringing all UFAs back.
His only priority should be Kane and only if it's not an outrageously long deal.
Ghost can disappear for all I care, Mo and Simon should be gaining experience quarterbacking the Power Play and working on their offensive skills.
Perron is old and slow, you can get a Fischer for league minimum to bang bodies on the 4th line.
He backed himself into a corner with his dumb UFA signing sprees already.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:22 PM ET
great, so who is he overpaying for 5-6 million a year?

Im highly skeptical of Yzerman in free agency. this is right behind poor drafting in terms of negatively impacting the team.

- wingz4life


I disagree on drafting. Buium and Mazur Bo try signed and Cossa is looking a lot better. 1 to 3 per draft is realistic. The team was literally tied for the last playoff spot and added scoring. Remember, Bettman said this years cap would go up 7m+ before 2 to 3 revisions. Be pissed, but did they take steps forward?
wingz4life
Detroit Red Wings
Location: Canada Sucks, MI
Joined: 01.31.2006

Apr 26 @ 1:22 PM ET
I honestrly don't know what he is thinking when he says he is interested in bringing all UFAs back.
His only priority should be Kane and only if it's not an outrageously long deal.
Ghost can disappear for all I care, Mo and Simon should be gaining experience quarterbacking the Power Play and working on their offensive skills.
Perron is old and slow, you can get a Fischer for league minimum to bang bodies on the 4th line.
He backed himself into a corner with his dumb UFA signing sprees already.

- StargateSG1


the team does not generate much off the rush. they need to fix that and the team defense. Perron is too slow. Fischer is replaceable if he wants too much.

Kane he should bring back but who knows if Kane wants to come back. Kane is a difference maker even this late in his career.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:24 PM ET
I honestrly don't know what he is thinking when he says he is interested in bringing all UFAs back.
His only priority should be Kane and only if it's not an outrageously long deal.
Ghost can disappear for all I care, Mo and Simon should be gaining experience quarterbacking the Power Play and working on their offensive skills.
Perron is old and slow, you can get a Fischer for league minimum to bang bodies on the 4th line.
He backed himself into a corner with his dumb UFA signing sprees already.

- StargateSG1


Kane is likely not back. Fischer and Sprong look to be gone. I agree that Mazur or Kasper may be able to take a 4ty line spot at league minimum. I don’t believe Yzerman is backed into a corner.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:25 PM ET
the team does not generate much off the rush. they need to fix that and the team defense. Perron is too slow. Fischer is replaceable if he wants too much.

Kane he should bring back but who knows if Kane wants to come back. Kane is a difference maker even this late in his career.

- wingz4life


Did they score more goals?
wingz4life
Detroit Red Wings
Location: Canada Sucks, MI
Joined: 01.31.2006

Apr 26 @ 1:27 PM ET
I disagree on drafting. Buium and Mazur Bo try signed and Cossa is looking a lot better. 1 to 3 per draft is realistic. The team was literally tied for the last playoff spot and added scoring. Remember, Bettman said this years cap would go up 7m+ before 2 to 3 revisions. Be pissed, but did they take steps forward?
- Jeremy Laura

go draft by draft-what did he get out of each draft
2019-Seider,Soderblom(21 games)
2020-Raymond
2021-Edvinsson
2022-Kasper(1game)

he hasnt got much out of the draft.. nothing in the later rounds. so again, hes had to turn to overpaying in free agency. this team wont return to contention unless it stars drafting better. the same was true under kenny and it is under yzerman.
bluelineenforcer
Detroit Red Wings
Location: MI
Joined: 10.21.2019

Apr 26 @ 1:34 PM ET
There is over 100 years of data showing that when capital gains tax rates increase, revenue to the government goes down. Why? Investors will stop investing in things that result in a capital gain if they are forced to lose nearly half of it. The last time it was tried (Carter years), it resulted in the consolidations that created mega corps that we have today that dominate every facet of American life. Investers no longer wanted consistent dividends, they wanted long-term appreciation. They realized they could make more money off that, than dividends, and so the appetite for growth in the markets became insatiable, which resulted in growth through acquisition.

A jump to 44.6% would absolutely decimate capital markets (and the economy as a whole), worse, because the proposed numbers are so low, it would decimate the retirement savings of those who saved over their working years ($400k in retirement savings is nothing these days). This is all identity politics, and the economics of it would be disastrous, but I think that's part of the plan. Today, only 39% of Americans pay federal taxes and much of the 61% thinks the 39% isn't paying their "fair share". It's more politically advantageous to pander to 61% of voters at the expense of the 39% that represents the provider class, who are essentially powerless at the poles. Athletes and celebrities make easy targets, but as a CPA, one thing I can promise you, is that at a 44.6%, billionaires will not pay a single penny more in federal taxes than they are now. There are too many vehicles for them to minimize taxes, that aren't available to the masses.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 1:34 PM ET
go draft by draft-what did he get out of each draft
2019-Seider,Soderblom(21 games)
2020-Raymond
2021-Edvinsson
2022-Kasper(1game)

he hasnt got much out of the draft.. nothing in the later rounds. so again, hes had to turn to overpaying in free agency. this team wont return to contention unless it stars drafting better. the same was true under kenny and it is under yzerman.

- wingz4life


How does that compare to league average? Contention can come in many ways, not drafting alone. Seider played in GR MOST OF 2019. Development has a place. Again, it’s fine to be pissed. I just disagree that the team that took major steps forward is the disaster people are painting
BluesDroogie
St Louis Blues
Location: St. Louis, MO
Joined: 06.12.2014

Apr 26 @ 1:43 PM ET
Blues can always bring back Perron. He loves st Louis and we love him
StargateSG1
Detroit Red Wings
Location: Buffalo Grove, IL
Joined: 03.07.2013

Apr 26 @ 1:46 PM ET
Kane is likely not back. Fischer and Sprong look to be gone. I agree that Mazur or Kasper may be able to take a 4ty line spot at league minimum. I don’t believe Yzerman is backed into a corner.
- Jeremy Laura


We'll disagree then, cause he barely has anyone he can even trade, outside of Walman.
The rest of his signings have no trade value and no other team will want them anyway,
so those can be cap dumps and those cost assets.
StargateSG1
Detroit Red Wings
Location: Buffalo Grove, IL
Joined: 03.07.2013

Apr 26 @ 1:47 PM ET
There is over 100 years of data showing that when capital gains tax rates increase, revenue to the government goes down. Why? Investors will stop investing in things that result in a capital gain if they are forced to lose nearly half of it. The last time it was tried (Carter years), it resulted in the consolidations that created mega corps that we have today that dominate every facet of American life. Investers no longer wanted consistent dividends, they wanted long-term appreciation. They realized they could make more money off that, than dividends, and so the appetite for growth in the markets became insatiable, which resulted in growth through acquisition.

A jump to 44.6% would absolutely decimate capital markets (and the economy as a whole), worse, because the proposed numbers are so low, it would decimate the retirement savings of those who saved over their working years ($400k in retirement savings is nothing these days). This is all identity politics, and the economics of it would be disastrous, but I think that's part of the plan. Today, only 39% of Americans pay federal taxes and much of the 61% thinks the 39% isn't paying their "fair share". It's more politically advantageous to pander to 61% of voters at the expense of the 39% that represents the provider class, who are essentially powerless at the poles. Athletes and celebrities make easy targets, but as a CPA, one thing I can promise you, is that at a 44.6%, billionaires will not pay a single penny more in federal taxes than they are now. There are too many vehicles for them to minimize taxes, that aren't available to the masses.

- bluelineenforcer



Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 2:04 PM ET
There is over 100 years of data showing that when capital gains tax rates increase, revenue to the government goes down. Why? Investors will stop investing in things that result in a capital gain if they are forced to lose nearly half of it. The last time it was tried (Carter years), it resulted in the consolidations that created mega corps that we have today that dominate every facet of American life. Investers no longer wanted consistent dividends, they wanted long-term appreciation. They realized they could make more money off that, than dividends, and so the appetite for growth in the markets became insatiable, which resulted in growth through acquisition.

A jump to 44.6% would absolutely decimate capital markets (and the economy as a whole), worse, because the proposed numbers are so low, it would decimate the retirement savings of those who saved over their working years ($400k in retirement savings is nothing these days). This is all identity politics, and the economics of it would be disastrous, but I think that's part of the plan. Today, only 39% of Americans pay federal taxes and much of the 61% thinks the 39% isn't paying their "fair share". It's more politically advantageous to pander to 61% of voters at the expense of the 39% that represents the provider class, who are essentially powerless at the poles. Athletes and celebrities make easy targets, but as a CPA, one thing I can promise you, is that at a 44.6%, billionaires will not pay a single penny more in federal taxes than they are now. There are too many vehicles for them to minimize taxes, that aren't available to the masses.

- bluelineenforcer


Did you see the other part of the U.S. proposal? A 25% tax on unrealized capital gains. It’s the dumbest thing you’ll ever try to break down. What’s bizarre is how close the number is to Canada’s 22% jump and just a few months behind in terms of debate a motion. The other side that is really raising questions is why did only one player get hit with the redesigned format? It’s being said that Tavares came from the U.S. to Canada so that’s why he got hit. Regardless of how it goes, this is a stain. The NHLPA is watching this very closely.
Jeremy Laura
Detroit Red Wings
Location: MI
Joined: 01.26.2016

Apr 26 @ 2:05 PM ET
We'll disagree then, cause he barely has anyone he can even trade, outside of Walman.
The rest of his signings have no trade value and no other team will want them anyway,
so those can be cap dumps and those cost assets.

- StargateSG1


Fine to disagree. We’ll see how the summer plays out.
HenryHockey
Season Ticket Holder
Detroit Red Wings
Location: Gwinn, MI
Joined: 01.26.2020

Apr 26 @ 2:08 PM ET
There is over 100 years of data showing that when capital gains tax rates increase, revenue to the government goes down. Why? Investors will stop investing in things that result in a capital gain if they are forced to lose nearly half of it. The last time it was tried (Carter years), it resulted in the consolidations that created mega corps that we have today that dominate every facet of American life. Investers no longer wanted consistent dividends, they wanted long-term appreciation. They realized they could make more money off that, than dividends, and so the appetite for growth in the markets became insatiable, which resulted in growth through acquisition.

A jump to 44.6% would absolutely decimate capital markets (and the economy as a whole), worse, because the proposed numbers are so low, it would decimate the retirement savings of those who saved over their working years ($400k in retirement savings is nothing these days). This is all identity politics, and the economics of it would be disastrous, but I think that's part of the plan. Today, only 39% of Americans pay federal taxes and much of the 61% thinks the 39% isn't paying their "fair share". It's more politically advantageous to pander to 61% of voters at the expense of the 39% that represents the provider class, who are essentially powerless at the poles. Athletes and celebrities make easy targets, but as a CPA, one thing I can promise you, is that at a 44.6%, billionaires will not pay a single penny more in federal taxes than they are now. There are too many vehicles for them to minimize taxes, that aren't available to the masses.

- bluelineenforcer
Essentially you have exposed the plot to eliminate the middle class that starts with destroying the baby-boomers retirements and investments.
hello it's me 2050
Location: AR
Joined: 05.14.2021

Apr 26 @ 3:19 PM ET
will ghost be back? whats the word?
jfkst1
Pittsburgh Penguins
Location: Clackety Clack
Joined: 02.09.2015

Apr 26 @ 4:31 PM ET
Did you see the other part of the U.S. proposal? A 25% tax on unrealized capital gains. It’s the dumbest thing you’ll ever try to break down. What’s bizarre is how close the number is to Canada’s 22% jump and just a few months behind in terms of debate a motion. The other side that is really raising questions is why did only one player get hit with the redesigned format? It’s being said that Tavares came from the U.S. to Canada so that’s why he got hit. Regardless of how it goes, this is a stain. The NHLPA is watching this very closely.
- Jeremy Laura


You know very well that will NEVER happen. The biggest donors of both parties would NEVER allow that. And yes, it is the most brain dead economic proposal in the history of modern economics. It is merely political pandering to the growing percentage of Marxists in the US.

EDIT: Where does the data come from on the NHL retiree divorce rates? I know normal US divorce rates are around 40%, but 65+% is shocking for NHL retirees.
mcmastermike1968
Detroit Red Wings
Location: Columbia, SC
Joined: 07.01.2020

Apr 26 @ 5:14 PM ET
Yeah, the whole tax the rich crap is angering. You captured exactly what I was thinking, H. It's scary what potentially lies ahead.....
mcmastermike1968
Detroit Red Wings
Location: Columbia, SC
Joined: 07.01.2020

Apr 26 @ 5:33 PM ET
can we count on Yzerman staying away from giving out ridiculous free agent contracts? Maybe, because he's put himself in a corner in terms of cap space and cant give out these dumb contracts anymore because he's in a "cap crunch".
- wingz4life


I think there definitely needs to be more focus on how $$ are spent in UFA. Copp, Chiarot, and Holl are bad contracts for sure. I'm sooooo not a fan of Holl. Copp's over-paid as a defensive F. Chiarot was over-paid no matter how you look at it.

That being said, I have to wonder why those deals were signed. Was there a need for gap-fillers until tge kids start hitting? What were the conversations that took place that we'll not know? I mean, was the $$ so high in oder to attract a more recognized name to help fill seats? Copp cashed in on a decent season, but his D-game's gotten better....but not $5m+/year worthy. Walman's been a gem as has Maatta. I don't mind either one of them at all.

Yeah, we're in a bit of a cash-crunch. Some of these deals expire as replacement kids *should* be hitting the NHL, so while they stink, it's not as bad as I originally thought. Listen, I'm dying to get back to the SCPO, but watching the games thus far.....kinda glad we didn't make it. Granted, we'd have put on a better show than the Caps....by far. I've got to remind myself that we're charting a course for long-term success and some of the moves may be unsavoury, but I try to keep the long-term goal in mind.
mcmastermike1968
Detroit Red Wings
Location: Columbia, SC
Joined: 07.01.2020

Apr 26 @ 5:39 PM ET
I disagree on drafting. Buium and Mazur Bo try signed and Cossa is looking a lot better. 1 to 3 per draft is realistic. The team was literally tied for the last playoff spot and added scoring. Remember, Bettman said this years cap would go up 7m+ before 2 to 3 revisions. Be pissed, but did they take steps forward?
- Jeremy Laura


Drafting's a crap-shoot. Most earlier 1st-rounders can be counted on to make it. Heck, anything can happen to take a kid out....or he could hit a stride and be a beast. No one knows. Re-drafting is 100% successful. Add in time to develop, delays because of injury or pandemics (who the heck would've ever thought something like THAT needs to be considered?!?!?!?) Yeah, Cholo was a bad move. But people were sky-screaming when Mo's name was called. I can't call it on the draft, no one can. We've been ok, but not horrible.
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