Mackcanuck Posted July 1, 2020 Share Posted July 1, 2020 Eriksson gets his $3M signing bonus. Link to comment Share on other sites More sharing options...
Phil_314 Posted July 1, 2020 Share Posted July 1, 2020 1 hour ago, Mackcanuck said: Eriksson gets his $3M signing bonus. You make it sound like there's a choice in whether he gets paid. It's not a performance bonus but part of his salary (if I'm wrong someone call me out). 1 Link to comment Share on other sites More sharing options...
-AJ- Posted July 1, 2020 Share Posted July 1, 2020 5 hours ago, Phil_314 said: You make it sound like there's a choice in whether he gets paid. It's not a performance bonus but part of his salary (if I'm wrong someone call me out). You're correct. Furthermore, whether or not the bonus was paid out affects only the Acquillini family's funds, not our cap which is definitely our restriction. Eriksson being paid means nothing in regards to our cap situation. 2 Link to comment Share on other sites More sharing options...
Mackcanuck Posted July 1, 2020 Share Posted July 1, 2020 7 hours ago, Phil_314 said: You make it sound like there's a choice in whether he gets paid. It's not a performance bonus but part of his salary (if I'm wrong someone call me out). Exactly how did I make it sound like that?? There was a chance that the JUly 1st date was going to be postponed 3 months in talks with the NHLPA, giving the Canucks more time to perhaps move Louii and his boat anchor contract Unfortunately it was rejectedIt was rejected Link to comment Share on other sites More sharing options...
Crabcakes Posted July 1, 2020 Share Posted July 1, 2020 $3,000,000.......Happy Canada Day Loui 1 Link to comment Share on other sites More sharing options...
theo5789 Posted July 1, 2020 Share Posted July 1, 2020 1 hour ago, Mackcanuck said: Exactly how did I make it sound like that?? There was a chance that the JUly 1st date was going to be postponed 3 months in talks with the NHLPA, giving the Canucks more time to perhaps move Louii and his boat anchor contract Unfortunately it was rejectedIt was rejected The sooner that bonus is paid out, the sooner he could potentially be moved (more enticing for teams to pay less of his contract) or at least consider his future (5 million salary left over two years). Postponing it does nothing for us and he is getting that bonus regardless. With the market now, there may be more teams that want to artificially eat up the cap while paying less salary and now LE fits in that category of player. 1 1 Link to comment Share on other sites More sharing options...
mll Posted July 1, 2020 Share Posted July 1, 2020 2 minutes ago, theo5789 said: The sooner that bonus is paid out, the sooner he could potentially be moved (more enticing for teams to pay less of his contract) or at least consider his future (5 million salary left over two years). Postponing it does nothing for us and he is getting that bonus regardless. With the market now, there may be more teams that want to artificially eat up the cap while paying less salary and now LE fits in that category of player. Why would a team want to block that much cap space though? And for 2 years when they have their own RFAs to extend. It limits their flexibility. Reaching the floor shouldn't be an issue for any team. Link to comment Share on other sites More sharing options...
theo5789 Posted July 1, 2020 Share Posted July 1, 2020 6 minutes ago, mll said: Why would a team want to block that much cap space though? And for 2 years when they have their own RFAs to extend. It limits their flexibility. Reaching the floor shouldn't be an issue for any team. Well like I said, it's to artificially raise their cap while paying less salary. We will see how the market affects teams. I'm not saying it's a certainty that it will happen, but it's a much better possibility than before his bonus being paid out. I was replying to a poster suggesting that he was hoping the bonus payout would be delayed to give us more time to move him, but I'm saying it's easier to potentially move him (or have him consider his future) now that the bonus is paid out. 1 1 Link to comment Share on other sites More sharing options...
smithers joe Posted July 1, 2020 Share Posted July 1, 2020 4 hours ago, -AJ- said: You're correct. Furthermore, whether or not the bonus was paid out affects only the Acquillini family's funds, not our cap which is definitely our restriction. Eriksson being paid means nothing in regards to our cap situation. i don’t understand that. louie’s cap hit is 6 mil a year. signing bonuses still count against the cap. otherwise his cap hit would only be 4 mil over the final 2 years of his deal. did i miss something along the way? Link to comment Share on other sites More sharing options...
Phil_314 Posted July 1, 2020 Share Posted July 1, 2020 (edited) 1 hour ago, smithers joe said: i don’t understand that. louie’s cap hit is 6 mil a year. signing bonuses still count against the cap. otherwise his cap hit would only be 4 mil over the final 2 years of his deal. did i miss something along the way? That's his AVERAGE annual value (AAV) since his cap hit was front loaded ($8 million per in first 2 seasons). Edited July 1, 2020 by Phil_314 Link to comment Share on other sites More sharing options...
Phil_314 Posted July 1, 2020 Share Posted July 1, 2020 4 hours ago, Mackcanuck said: Exactly how did I make it sound like that?? Haha maybe I misunderstood what the grumpy emoji meant on your part. Link to comment Share on other sites More sharing options...
lmm Posted July 1, 2020 Share Posted July 1, 2020 2 hours ago, mll said: Why would a team want to block that much cap space though? And for 2 years when they have their own RFAs to extend. It limits their flexibility. Reaching the floor shouldn't be an issue for any team. any idea what the cap floor is right now? the Devils have the lowest cap at 72,72.... Link to comment Share on other sites More sharing options...
mll Posted July 1, 2020 Share Posted July 1, 2020 7 minutes ago, lmm said: any idea what the cap floor is right now? the Devils have the lowest cap at 72,72.... 60.2M. Link to comment Share on other sites More sharing options...
Slegr Posted July 1, 2020 Share Posted July 1, 2020 Will he opt out of the play in? Will he end his contract early? Will he be our playoff MVP? We he score another own goal? The sky is the limit! Link to comment Share on other sites More sharing options...
qwijibo Posted July 1, 2020 Share Posted July 1, 2020 On 6/21/2020 at 3:40 PM, wexcar said: 4mil signing bonus and 4mil salary, say for instance a 20% escrow is agreed and I believe the bonus is not subject to escrow. That leaves remaining income at 7.2mil and after taxes that probably lowers to roughly 4.2mil. If he takes the 3m bonus this off season and retires he might walk away with 1.6mil after tax. So by retiring he is probably leaving roughly 2.5mil on the table. Considering his career earnings to date and the impact of COVID-19 it's not inconceivable that he may look at things and decide that it's time to retire after taking the bonus this off season. Obviously these are rough figures to illustrate my point but when talking about him not retiring because he will be walking away from 8mil or 5mil after the bonus is paid is not the complete story, you need to factor in escrow and taxes before really seeing what he may be walking away from...... You’re incorrect. Signing bonuses ARE subject to escrow. The advantage of signing bonuses to players are they aren’t included in buyout calculations and are paid regardless of a work stoppage 1 Link to comment Share on other sites More sharing options...
lmm Posted July 1, 2020 Share Posted July 1, 2020 (edited) 3 hours ago, mll said: 60.2M. so, no one is even near the cap floor makes the cap floor argument kind of moot. Ottawa would need to shed something like $15Mil to make Loui's contract desirable so much 'pie in the sky' when talk turns to getting out of Loui's contract Edited July 1, 2020 by lmm Link to comment Share on other sites More sharing options...
qwijibo Posted July 1, 2020 Share Posted July 1, 2020 5 minutes ago, lmm said: so, no one is even near the cap floor makes the cap floor argument kind of moot. Ottawa would need to shed something like $15Mil to make Loui's contract desirable so much 'pie in the sky' when talk turns to getting out of Loui's contract Ottawa only has $41m committed to players for next season. That said, they only have 9 players under contract. They shouldn’t have any problem hitting the cap floor by simply filling out their roster. But I guess there’s a small chance that if they do need a higher dollar contract they could look at Eriksson. I seriously doubt it. But it’s possible. Lol Link to comment Share on other sites More sharing options...
lmm Posted July 1, 2020 Share Posted July 1, 2020 3 minutes ago, qwijibo said: Ottawa only has $41m committed to players for next season. That said, they only have 9 players under contract. They shouldn’t have any problem hitting the cap floor by simply filling out their roster. But I guess there’s a small chance that if they do need a higher dollar contract they could look at Eriksson. I seriously doubt it. But it’s possible. Lol 14 players X $1.5 mil pretty well covers the cap floor Link to comment Share on other sites More sharing options...
qwijibo Posted July 1, 2020 Share Posted July 1, 2020 3 minutes ago, lmm said: 14 players X $1.5 mil pretty well covers the cap floor Like I said. Possible. But seriously doubt it. Lol 1 Link to comment Share on other sites More sharing options...
PhillipBlunt Posted July 1, 2020 Share Posted July 1, 2020 9 hours ago, Crabcakes said: $3,000,000.......Happy Canada Day Loui I believe he’s in Dallas right now. Link to comment Share on other sites More sharing options...
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