oldnews Posted October 17, 2012 Share Posted October 17, 2012 It will pass. Bettman warned all GM's and owners not to do cap circumventing contracts. This is his payback. Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 I can't possibly imagine the owners; who Bettman 'represents', being ok with this clause, let alone the players. Link to comment Share on other sites More sharing options...
canuck_trevor16 Posted October 17, 2012 Share Posted October 17, 2012 Luongo contract is NOT bad..........damn you haters and fake fans there are worse contract out there that affect their team...5.3 cap hit is a bargain Link to comment Share on other sites More sharing options...
SEAN HARNETT Posted October 17, 2012 Share Posted October 17, 2012 I can't possibly imagine the owners; who Bettman 'represents', being ok with this clause, let alone the players. Link to comment Share on other sites More sharing options...
SEAN HARNETT Posted October 17, 2012 Share Posted October 17, 2012 Luongo contract is NOT bad..........damn you haters and fake fans there are worse contract out there that affect their team...5.3 cap hit is a bargain Link to comment Share on other sites More sharing options...
Where's Wellwood Posted October 17, 2012 Share Posted October 17, 2012 Well either it isn't quite as is reported OR we are about to see a huge fracture in the league owners. With the voting rules, Bettman could certainly get the minimum 8 teams required to sign off... who amongst the basement/cap floor teams wouldn't want to totally screw with the cap ceiling teams. Half the league would be unable to compete for free agents as they would have too many dollars tied up in players who are retired. It would dramatically curtail spending and certainly make it easy to get down to a 50/50 split as the top spending owners would not be able to spend cash for the next decade. Of course it would also put an asterisk beside any potential Stanley Cups as it would completely skew the playing field and how teams become competitive. The NHL could have refused to sign off on these deals, but they didn't. They even went so far as to outline how to structure a deal that fit within the rules (the Kovalchuk rule). The idea of punishing half the teams in the league for following those guidelines is ridiculous. Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 Luongo contract is NOT bad..........damn you haters and fake fans there are worse contract out there that affect their team...5.3 cap hit is a bargain Link to comment Share on other sites More sharing options...
Watermelons Posted October 17, 2012 Share Posted October 17, 2012 Luongo contract is NOT bad..........damn you haters and fake fans there are worse contract out there that affect their team...5.3 cap hit is a bargain Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 The cap floor teams wouldn't want to screw with the cap ceiling teams b/c the cap ceiling teams fund the revenue sharing. By tieing up the cap ceiling teams' cap space with this retroactive punishment, they won't do as well, which in some markets may lead to lower revenues, meaning theres less money to bail out the cap floor teams. The cap floor teams' owners had better realize this. Plus it's not just the cap ceiling teams who have signed cap circumventing contracts. Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 Exactly. And the contract is designed so he only makes $1 million in the last 3 years, which means that he is likely to retire after 7 years (rather than 10) Link to comment Share on other sites More sharing options...
goalie13 Posted October 17, 2012 Share Posted October 17, 2012 Islanders - DiPietro Link to comment Share on other sites More sharing options...
SEAN HARNETT Posted October 17, 2012 Share Posted October 17, 2012 Why is it that if the contract is dealt to another team,that the original team gets stuck with the cap hit, if and when that player retires? Bettman is just being a complete idiot at this point and must have really lost his mind. The thing that baffles me the most is why are the owners behind this? There has to be more to this..... Maybe it's baiting the players along with other concessions in order to get the deal done and will be taken off the table once the players say no to this proposal. This still doesn't really explain things, but I cant think of any other reason to do this? Link to comment Share on other sites More sharing options...
Where's Wellwood Posted October 17, 2012 Share Posted October 17, 2012 Why is it that if the contract is dealt to another team,that the original team gets stuck with the cap hit, if and when that player retires? Bettman is just being a complete idiot at this point and must have really lost his mind. The thing that baffles me the most is why are the owners behind this? There has to be more to this..... Maybe it's baiting the players along with other concessions in order to get the deal done and will be taken off the table once the players say no to this proposal. This still doesn't really explain things, but I cant think of any other reason to do this? Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 Why is it that if the contract is dealt to another team,that the original team gets stuck with the cap hit, if and when that player retires? Link to comment Share on other sites More sharing options...
Derp... Posted October 17, 2012 Share Posted October 17, 2012 Won't happen. NHLPA will say no and owners will say no and everyone will tell Gary to fricken lay off or be laid off. This is not a good business deal and what the heck are we here for in the first place... a better business deal... Derp Link to comment Share on other sites More sharing options...
ConnorFutureGM Posted October 17, 2012 Share Posted October 17, 2012 Luongo contact looks worse and worse everyday. Thanks, MGillis! 10 years of a 5.33 cap hit even if Reboundo retires. Goodbye Schneider. EDIT: If player traded, then later in deal retires, original club on hook for cap hit! Haha. Even worse! Link to comment Share on other sites More sharing options...
Common sense Posted October 17, 2012 Share Posted October 17, 2012 When the cap rises, Lu's contract will have less of a percentage hit than today. Link to comment Share on other sites More sharing options...
Provost Posted October 17, 2012 Share Posted October 17, 2012 If this is true, it might increase the value of Luongo in a trade. Link to comment Share on other sites More sharing options...
hockeyaddict123 Posted October 17, 2012 Share Posted October 17, 2012 Luongo contact looks worse and worse everyday. Thanks, MGillis! 10 years of a 5.33 cap hit even if Reboundo retires. Goodbye Schneider. EDIT: If player traded, then later in deal retires, original club on hook for cap hit! Haha. Even worse! Link to comment Share on other sites More sharing options...
ConnorFutureGM Posted October 17, 2012 Share Posted October 17, 2012 The cap is going down before it goes up. Link to comment Share on other sites More sharing options...
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