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LUONGO Cap Question

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#1 Nuxfanabroad

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Posted 31 March 2013 - 06:01 PM

Is it possible for Van to eat some of his cap AFTER next season's 64.3 cap,(when it should rise considerably)?

eg: 2014/15 we cover 2 mill, 15/16...2 mill, 2016/17...2 mill.

If we'd get a greater return(youth/picks), would MG consider/is it allowed?

#2 elvis15

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Posted 31 March 2013 - 07:03 PM

If you mean when we trade him at either the deadline or this summer, then we can't keep some of his cap and salary to help a trade but defer it to after next season when the cap might rise.

Basically, we can't defer any cap hit. The only exception was in the old CBA where you could defer a bonus to the following year, but all regular cap hit (and any kept in trades) cannot be deferred.

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#3 vcrguy

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Posted 31 March 2013 - 09:43 PM

If you mean when we trade him at either the deadline or this summer, then we can't keep some of his cap and salary to help a trade but defer it to after next season when the cap might rise.

Basically, we can't defer any cap hit. The only exception was in the old CBA where you could defer a bonus to the following year, but all regular cap hit (and any kept in trades) cannot be deferred.


No offense Elvis, but I disagree. If they make a trade and decide to keep some of Luongo's cap hit, they can. At least that's my understanding of the new CBA

#4 Nuxfanabroad

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Posted 31 March 2013 - 11:34 PM

Hmm, conflicting opinions on this. Does anyone know precisely-can they pick the year/years & have the cap-hit that they absorb fluctuate(year to year)? Or does the total amount they contribute simply get averaged out?

#5 bryndogcanuck

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Posted 01 April 2013 - 01:53 AM

Directly from the "Memorandum of Understanding":

11. Retained Salary Transactions
In the context of Player Trades, participating Clubs will be permitted to allocate the AA and related Salary and Bonus payment obligations between them, subject to specified parameters (“Retained Salary Transaction”). Specifically, the Club trading a Player may agree to retain a percentage of the SPC’s AA and related Salary and Bonus obligations for each of the remaining years of the Player’s SPC, up to 50 % of the SPC’s AA. In each Retained Salary Transaction, the percentage allocation of the retained AA and retained Salary and Bonuses must be the same (i.e., the Salary and Bonus obligations as between Clubs would be allocated on the same percentage basis as the AA being allocated) and cannot be altered from year to year. So, for instance, if an assigning Club agrees to retain 30% of an SPC’s AA over the balance of its term, it will also retain an obligation to reimburse the acquiring Club 30% of the Player’s contractual compensation (Salary and Bonuses) in each of the remaining years of the contract. A Club may have up to a maximum of three (3) SPCs on its Cap per League Year as to which a portion of the AA and Salary have been retained in a Player Trade, provided, however, that the aggregate amount of AA retained by a Club does not exceed 15% of the Upper Limit (e.g., 15% of $70.2 million or $10.53 million in Year 1; 15% of $64.3 million or $9.645 million in Year 2 ; or $12 million if the Upper Limit equals $80.0 million) in the aggregate for all such contracts in any one year. An SPC can be subject to a Retained Salary Transaction up to a maximum of two (2) times.

Edited by bryndogcanuck, 01 April 2013 - 01:56 AM.

Most of the people on this forum don't seem to understand that "they're", "their" and "there" are not interchangeable. Is this not taught in school anymore?

#6 Nuxfanabroad

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Posted 01 April 2013 - 02:06 AM

Directly from the "Memorandum of Understanding":

11. Retained Salary Transactions
In the context of Player Trades, participating Clubs will be permitted to allocate the AA and related Salary and Bonus payment obligations between them, subject to specified parameters (“Retained Salary Transaction”). Specifically, the Club trading a Player may agree to retain a percentage of the SPC’s AA and related Salary and Bonus obligations for each of the remaining years of the Player’s SPC, up to 50 % of the SPC’s AA. In each Retained Salary Transaction, the percentage allocation of the retained AA and retained Salary and Bonuses must be the same (i.e., the Salary and Bonus obligations as between Clubs would be allocated on the same percentage basis as the AA being allocated) and cannot be altered from year to year. So, for instance, if an assigning Club agrees to retain 30% of an SPC’s AA over the balance of its term, it will also retain an obligation to reimburse the acquiring Club 30% of the Player’s contractual compensation (Salary and Bonuses) in each of the remaining years of the contract. A Club may have up to a maximum of three (3) SPCs on its Cap per League Year as to which a portion of the AA and Salary have been retained in a Player Trade, provided, however, that the aggregate amount of AA retained by a Club does not exceed 15% of the Upper Limit (e.g., 15% of $70.2 million or $10.53 million in Year 1; 15% of $64.3 million or $9.645 million in Year 2 ; or $12 million if the Upper Limit equals $80.0 million) in the aggregate for all such contracts in any one year. An SPC can be subject to a Retained Salary Transaction up to a maximum of two (2) times.


Well, that answers that. thanks for the clarification.

#7 elvis15

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Posted 01 April 2013 - 09:17 AM

No offense Elvis, but I disagree. If they make a trade and decide to keep some of Luongo's cap hit, they can. At least that's my understanding of the new CBA

No offence taken, but as bryndogcanuck pointed out from the MOU, the cap and salary in any retained salary transactions must be equal percentages and are the same every year. You can't defer any cap or alter how much of a player's cap goes against the team's cap in a given year.

The only exception is being allowed to defer bonuses by one year to keep under the cap. If that's still in the new CBA, then I could see a number of teams having to do so next year.

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If this team lets go of Sang he will burn this team next year. 

 





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