Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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So how exactly does this work? He is just leaving all that money on the table? Can he return to the NHL ever and NOT play with the Devils? - steve362
I wouldn't think so.
that would be massive cap circumvention. and a backdoor way of getting out of a contract.
I think if he comes back, his contract picks up where it left off.
I will wait for the TSN boys to tell me whether I am right. |
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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Recapture penalty is almost nothing.
If you pretend that he got all his salary last year, it works out to a cap hit of $250,000 for the next 12 years.
If you pro-rate what he recieved, it will amount to even less. |
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Juice
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Location: "There are a few posters who a Joined: 12.06.2007
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Sup, Juice? - Bieksa#3
S'UP!!!!!??? |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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S'UP!!!!!??? - Juice
site's pretty slow today. nothing much going on.
(frank) summer's boring eh? can't wait for camp so there's something to talk about.
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Feeling Glucky?
Toronto Maple Leafs |
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Location: Tanktown, ON Joined: 10.08.2008
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Recapture penalty is almost nothing.
If you pretend that he got all his salary last year, it works out to a cap hit of $250,000 for the next 12 years.
If you pro-rate what he recieved, it will amount to even less. - Atomic Wedgie
but quite possibly losing a top-5 draft pick for nadda... that hurts.
I remember using that possibility on some jersey fans that were ripping the Kessel deal, and they said that with Kovalchuk that wouldn't happen.
L-O-L to those guys. |
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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I would think because there is SO MUCH left it would come off.
Not cap circumvention here. - Big_Lightnin
Its 250 000 against the cap until 2025. |
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Juice
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Location: "There are a few posters who a Joined: 12.06.2007
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Recapture penalty is almost nothing.
If you pretend that he got all his salary last year, it works out to a cap hit of $250,000 for the next 12 years.
If you pro-rate what he recieved, it will amount to even less. - Atomic Wedgie
He's under 35 years old, don't believe the cap hit stays. |
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Juice
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Location: "There are a few posters who a Joined: 12.06.2007
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site's pretty slow today. nothing much going on.
(frank) summer's boring eh? can't wait for camp so there's something to talk about. - Big_Lightnin
NHL summer is boring as hell...but I never wish the summer away, just means winter is closer. |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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Its 250 000 against the cap until 2025. - Fakepartofme
right.. so peanuts
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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He's under 35 years old, don't believe the cap hit stays. - Juice
Cap hit does not.
Cap hit "recapture penalty" does.
In the first three years of his contract (pretending he got full $ last year, which he did not) Devils paid him $3 million more than they "paid" in cap hit.
So you take that amount, and spread it evenly over the remaining years of his contract (12).
$250,000 per year for the next 12 years as a cap recapture penalty. |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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NHL summer is boring as hell...but I never wish the summer away, just means winter is closer. - Juice
I may have been kidding. |
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Leafland
Toronto Maple Leafs |
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Location: MATTHEW 20:16 "So the last will be first, and the first will be last.", ON Joined: 10.25.2011
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but quite possibly losing a top-5 draft pick for nadda... that hurts.
I remember using that possibility on some jersey fans that were ripping the Kessel deal, and they said that with Kovalchuk that wouldn't happen.
L-O-L to those guys. - Feeling Glucky?
My guess is the NHL gives it back to them. |
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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right.. so peanuts - Big_Lightnin
I wish I had peanuts. |
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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My guess is the NHL gives it back to them. - Leafland
They cant.
Whether he retires or not....they broke a rule and should be penalized for it. |
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Yeti1181
Referee Edmonton Oilers |
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Location: I'm AWESOME, AB Joined: 07.27.2012
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I wish I had nuts. - Fakepartofme
fixed |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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My guess is the NHL gives it back to them. - Leafland
how would they possibly justify that to the other 29 teams?
"we fell bad for them?"
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Canada Cup
Toronto Maple Leafs |
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Location: This world is just a veil and the face you wear is not your own., ON Joined: 07.06.2007
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They cant.
Whether he retires or not....they broke a rule and should be penalized for it. - Fakepartofme
Exactly. Maybe they should trade Schnieder back to Vancouve for the twins |
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senstroll
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Location: Leafs AAV Champs, ON Joined: 02.22.2008
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some of the responses in the devils thread are funny..people calling kovalchuck a loser and jerk, not even Devils fans, I can understand if they are upset. He can do what he wants, he Russian, if he wants to play in his home country who cares |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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I wish I had peanuts. - Fakepartofme
you may have $250K per year, but to take it, you have to pay out $40M per year to a bunch of guys to skate around in a squished circle.
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steve362
Toronto Maple Leafs |
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Location: St. John's, NF Joined: 07.07.2010
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right.. so peanuts - Big_Lightnin
Just doesn't seem right to penalize the team in this case |
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Leafland
Toronto Maple Leafs |
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Location: MATTHEW 20:16 "So the last will be first, and the first will be last.", ON Joined: 10.25.2011
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how would they possibly justify that to the other 29 teams?
"we fell bad for them?" - Big_Lightnin
Pretty much. Would you be surprised? I wouldn't be. |
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Big_Lightnin
Toronto Maple Leafs |
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Location: Pain is coming Joined: 08.12.2010
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some of the responses in the devils thread are funny..people calling kovalchuck a loser and jerk, not even Devils fans, I can understand if they are upset. He can do what he wants, he Russian, if he wants to play in his home country who cares - senstroll
I guess the obvious response to that would be... would have been nice if he decided to do that before signing a 15 yr contract promising NOT to go play in Russia?
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Skalapy
Toronto Maple Leafs |
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Location: I'm sick of your "I play real , NC Joined: 07.11.2006
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some of the responses in the devils thread are funny..people calling kovalchuck a loser and jerk, not even Devils fans, I can understand if they are upset. He can do what he wants, he Russian, if he wants to play in his home country who cares - senstroll
he should have stuck it out for 500 goals. Could have been a HOFer. |
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Mr_Smokey
Toronto Maple Leafs |
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Location: Toronto, ON Joined: 03.02.2008
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That would be every non-playoff team.. So not a very bold prediction.
I think they'll make it this year though!! Maybe!!! - robin_steele264
I want them to succeed but Lowe's gotta go.... |
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markmark
Toronto Maple Leafs |
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Location: Toronto, ON Joined: 07.27.2010
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I guess the obvious response to that would be... would have been nice if he decided to do that before signing a 15 yr contract promising NOT to go play in Russia? - Big_Lightnin
OR before the Free Agent market opening up! Im sure Lou would have liked to have his 7mil in space to work with.
I'm sorry, but I get "he can do what he wants," but boy did he just (frank) that team and its fans hard. |
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