If Luongo Does Not Get Traded And Decides To Retire..is Hi Cap Hit Hit Off The Books.

[The Internet Killer]

Another thread that prove why CDC is the laughing stock of the NHL...............sigh.

[Alex the Great]

Another thread that prove why CDC is the laughing stock of the NHL...............sigh.

[velocity]

why would he retire when he could chill on the bench and still make 8 million

[Xbox]

Yes because he doesn't have a 35+ contract

[lateralus]

Hey guys what if Luongo gets abducted by aliens?

[nuckin_futz]

Retiring doesn't cancel a contract. I think it even gets paid out, regardless.

[resdog]

[resdog]

Here is what I can gather from the CBA:

Retiring doesn't cancel a contract. I think it even gets paid out, regardless.

[CanuckCupFever]

Who the hell would retire with $40 + million dollars to earn?

You sir are a noob.

[JamesTW]

He will only retire if the NHL decides to make the nets bigger.

Article from '07: http://www.theglobea...ticle784410.ece

[Gurn]

"If a player officially retires, he is no longer under contract. No contract = no cap hit.

Question - Why would Luongo retire?"

Not true-check out the 35+ rule.

Cap geek probably explains it best.

[kingfreako]

Why would he retire???????

stop sniffing glue

[d.joh91]

[Guest BuckFoston]

Completely off-topic....I love your new sig! It is so very true.

[grumpworsley]

Maybe he will.... resign

[MANGO]

There is always a way... you don't always have to go through proper channels and lawyers. One could offer Lu 5 or 10 mil. to retire, then because you still own his rights you can trade him for a real bonified player. But on the condition that he rip up his existing contract sign a new deal with this other team. Or some version of a buy-out scenario.

Some might say why would he do this when he already has this very lucrative contract. well it ends up being about the same money in the long run given the fact that he is also signing a new contract for say maybe only 4 mil a year.

This type of scenario is a win-win situation for everyone involved.

Canucks get

- out of this contract with lu

- free up cap space

- potentially a bonified star in return because we aren't dumping salary anymore.

- a player that is easier to trade

Lu gets

- out of Vancouver

- out from under this terribly burdensome contract

- ends up on a team that isn't a media frenzy

- potentially closer to his family

New team gets

- a great goalie that needs a fresh start

- potentially are retooling and need to free up cap space and need to dump salary in the form of a real sniper/goal scorer

[-NucksFan]

Why on earth would you even consider that a successful 33yr old goalie would think of retiring when all he ever talks about is being a competetor and wanting to win the Cup.

[Danthecanucksfan]

hahahaah this is the biggest joke ever

[resdog]

"If a player officially retires, he is no longer under contract. No contract = no cap hit.

Question - Why would Luongo retire?"

Not true-check out the 35+ rule.

Cap geek probably explains it best.

[dura_mater]

This comment and the awesome pluses has put me on the plus side!!!

Dec 22nd 2011 I was a -593, now I'm a +1.

Sweet!