1. The punitive clause on long term contracts which means we would be stuck with Luongo's cap hit after he retires even if we trade him. I will pretty much ignore this clause as I don't see it actually going through... literally half the teams in the league have one of these contracts.
2. The clause allowing a team to retain half of actual salary or cap hit in a trade. Assuming a limitation on this, something like 1 contract on the books where you are retaining salary; and 1 contract where another team is taking half the cap hit for your player.
The 2nd one makes a huge difference in the value of Luongo. We could absorb a bad value contract in return and only get charged half the cap hit for that player. Conversely, we can pay some of Luongo's salary even after we trade him... the real dollars are a a bigger issue for many teams than the salary cap... much less so for the Canucks, especially considering the payroll that will be saved in an eventual reduced player share.
MG will look like a genius if the 2nd clause goes in, just imagine how much more Columbus could have gotten for Nash if the receiving team was only charged half his cap hit? Nash at under $4 million per year? We would have definitely been in on that!
Here are a couple of options:
Upshall (we only take half his cap hit)
Luongo (we pay half his salary)
Lecavalier (half his cap hit)
1st or 2nd round pick
To Tampa Bay:
Luongo (half his salary)
Edited by Provost, 22 October 2012 - 04:53 PM.