Popular Post Alflives Posted June 26, 2019 Popular Post Share Posted June 26, 2019 Yet another gift from former GM Mike Gillis. 1 8 Link to comment Share on other sites More sharing options...
qwijibo Posted June 26, 2019 Share Posted June 26, 2019 2 minutes ago, Rush17 said: He should fail his physical. If he doesn't I would contest the cap hit as it was a rule created after the fact. Other teams have gotten around it. Worse case I guess Jim will maximize that 3m per when it comes off the books like found money. Maybe target a depth centre. Recapture is a reality. Just ask LA. Vancouver will avoid it if Luongo goes on LTIR. That’s the only way they’re getting out of it. Link to comment Share on other sites More sharing options...
JM_ Posted June 26, 2019 Share Posted June 26, 2019 (edited) 5 minutes ago, qwijibo said: Why would his after hockey job have any impact on the recapture penalty? The bottom line is Vancouver got a significant cap advantage in the early years of Luongo’s contract. Going to court wouldn’t do a damn thing. Collective bargaining agreements don’t fall under the same rules as standard contracts. In addition, there is no actual fiscal penalty involved here. It’s a restriction on how much the team can spend. It would be like trying to sue the NHL because you want to spend more than the salary cap allows. All the teams agreed to the CBA and the recapture penalty contained in it. because it creates an unfair advantage for FLA at our expense. If you entice a player to retire with a fat post-hockey job and it creates a 3 mil cap hit for another team that wouldn't have otherwise been there that is not fair trade practice. If we did something similar in an Eriksson trade you better believe there would be a stink about it. Yeah Aquilini might lose the case but he may not. The NHL doesn't operate outside of the law. Edited June 26, 2019 by Jimmy McGill Link to comment Share on other sites More sharing options...
JeremyCuddles Posted June 26, 2019 Share Posted June 26, 2019 (edited) Ideally he retires now. 2-3mil recapture for 3 years might be better than getting bent over that last year with 8mil in recapture penalty. Edited June 26, 2019 by N7Nucks 2 Link to comment Share on other sites More sharing options...
JM_ Posted June 26, 2019 Share Posted June 26, 2019 3 minutes ago, Alflives said: Yet another gift from former GM Mike Gillis. Well, in fairness Bo should be earning about 2 mil more so I suppose all things balance out if retirement comes to pass. I don't know why he wouldn't go on LTIR and just be a goalie coach for FLA in the meantime. 2 Link to comment Share on other sites More sharing options...
Popular Post Warhippy Posted June 26, 2019 Popular Post Share Posted June 26, 2019 I have said it once, twice a hundred times. The Luongo deal was ratified under the old CBA. As such it was agreed upon by the team, 29 different owners and the leagues head offices and NHLPA. The joke about the "Luongo rule" after they changed the rules was that the league would try to enforce this but lose because it was signed in good faith. If the league attempts to hold the Canucks liable after changing the parameters of the contracts than no court in the world would side with the league. Because at days end, this was signed off on under the old CBA and at no point in time can you change the terms of an agreement after they are signed. I don't recall Luongo agreeing to a rule change and as he was one of the signatories of this contract it is still binding under the old rules as well. I hope Luongo finds a "medical illness" but at the same time hope he outright retires as the greatest goalie to never win a cup because the Canucks would destroy the league in a court fight on this period. For further reference about "rule changes" see the NJD Kovalcash issue in which the league fined NJ but then relented once, then twice and gave them their pick back 14 Link to comment Share on other sites More sharing options...
JeremyCuddles Posted June 26, 2019 Share Posted June 26, 2019 3 minutes ago, Alflives said: Yet another gift from former GM Mike Gillis. Be mad all you want but not at Gillis. This contract was 100% legal when it was signed. Retroactively punishing contracts years after they were signed, and approved by the league, is a joke and I don’t see how more teams don’t fight it. 1 Link to comment Share on other sites More sharing options...
Vinny in Vancouver Posted June 26, 2019 Share Posted June 26, 2019 28 minutes ago, PhillipBlunt said: Because Luongo doesn't have a mystery illness. How do you mean??? He practically confessed in his poetry that he's allergic to shootouts... 4 Link to comment Share on other sites More sharing options...
48MPHSlapShot Posted June 26, 2019 Share Posted June 26, 2019 I'm still pretty pissed at the organization for not going after the league for this recapture BS when they had the chance and taking it to court. Link to comment Share on other sites More sharing options...
Wanless Posted June 26, 2019 Share Posted June 26, 2019 Anyone thinking this is bad check this one out If Weber retires before: Penalty per year – NSH Penalty per year – MTL2019-20 $3.51MM $918K2020-21 $4.1MM $762K2021-22 $4.91MM $543K2022-23 $6.14MM $215K2023-24 $8.19MM None2024-25 $12.29MM None2025-26 $24.57MM None Apologies if format sucks https://www.prohockeyrumors.com/2018/07/the-salary-cap-implications-of-a-shea-weber-early-retirement.html 2 2 Link to comment Share on other sites More sharing options...
brownky Posted June 26, 2019 Share Posted June 26, 2019 5 minutes ago, Jimmy McGill said: Well, in fairness Bo should be earning about 2 mil more so I suppose all things balance out if retirement comes to pass. I don't know why he wouldn't go on LTIR and just be a goalie coach for FLA in the meantime. Pronger was working for the League while on "LTIRetirement" so I don't see why they'd have an issue with it. Or trade him 'back here', and have him LTIRetire, then we let him go work for Florida. 1 3 Link to comment Share on other sites More sharing options...
mll Posted June 26, 2019 Share Posted June 26, 2019 32 minutes ago, Provost said: Digging up a link, but on 650 they just said Friedman reported that Luongo is likely to retire this week. We will see if it is a medical retirement, or a straight up retirement. The cap recapture for us is about $3 million for three years if it happens, but presumably we also get the retained salary credit of the $800k we are paying anyways. So about $2 million per year. Not horrible, still patently unfair and will limit our options for a while. Edit: checked his recent 31 thoughts and it seems like maybe his radio hit was more speculation. https://www.sportsnet.ca/hockey/nhl/31-thoughts-short-term-deals-break-rfa-stalemates/ It's 3.033M x 3 years. The 800K would no longer be due as he is no longer earning a salary. The 15% retention is already taken into account when calculating the recapture penalty. 1 Link to comment Share on other sites More sharing options...
JM_ Posted June 26, 2019 Share Posted June 26, 2019 (edited) 4 minutes ago, 48MPHSlapShot said: I'm still pretty pissed at the organization for not going after the league for this recapture BS when they had the chance and taking it to court. Gillman has admitted in several interviews that their thinking was Lu would likely end his career on LTIR. They knew it would likely never be fulfilled and so did everyone else. Yes Bettman screwed us, but Gilman set us up for it. Edited June 26, 2019 by Jimmy McGill Link to comment Share on other sites More sharing options...
JM_ Posted June 26, 2019 Share Posted June 26, 2019 (edited) 2 minutes ago, brownky said: Pronger was working for the League while on "LTIRetirement" so I don't see why they'd have an issue with it. Or trade him 'back here', and have him LTIRetire, then we let him go work for Florida. far better option than full on retirement for sure. Edited June 26, 2019 by Jimmy McGill Link to comment Share on other sites More sharing options...
Screw Posted June 26, 2019 Share Posted June 26, 2019 Doubt it. Money talks Link to comment Share on other sites More sharing options...
Rob_Zepp Posted June 26, 2019 Share Posted June 26, 2019 53 minutes ago, Provost said: Digging up a link, but on 650 they just said Friedman reported that Luongo is likely to retire this week. Twitter better buy a bigger server...... 2 1 Link to comment Share on other sites More sharing options...
Saved_by_Jesus Posted June 26, 2019 Share Posted June 26, 2019 18 minutes ago, Warhippy said: Because at days end, this was signed off on under the old CBA and at no point in time can you change the terms of an agreement after they are signed. What? Yes you can - by making a new agreement that may apply retroactively. That's what happened. 1 1 Link to comment Share on other sites More sharing options...
Keenan's Moustache Posted June 26, 2019 Share Posted June 26, 2019 15 minutes ago, Wanless said: Anyone thinking this is bad check this one out If Weber retires before: Penalty per year – NSH Penalty per year – MTL2019-20 $3.51MM $918K2020-21 $4.1MM $762K2021-22 $4.91MM $543K2022-23 $6.14MM $215K2023-24 $8.19MM None2024-25 $12.29MM None2025-26 $24.57MM None Apologies if format sucks https://www.prohockeyrumors.com/2018/07/the-salary-cap-implications-of-a-shea-weber-early-retirement.html ...but in 5 years, Weber will likely develop a skin condition attributed to the forest growing on his chin and face, which has become a National Nature Park due to the wildlife that have decided to reside there, therefore, making him incapable of playing moving forward, thus, needing him to go on LTIR........ does that sound right? 2 Link to comment Share on other sites More sharing options...
Keenan's Moustache Posted June 26, 2019 Share Posted June 26, 2019 23 minutes ago, brownky said: Pronger was working for the League while on "LTIRetirement" so I don't see why they'd have an issue with it. Or trade him 'back here', and have him LTIRetire, then we let him go work for Florida. We'll likely pay a 1st rounder and Nils Hoglander for that trade to materialize, with this management....... 2 Link to comment Share on other sites More sharing options...
Rick Blight Posted June 26, 2019 Share Posted June 26, 2019 The Luongo and Kovalchuk contracts were considered to be "circumvention of the salary cap" by the league office and, as such, were open to league penalties as defined in the CBA. The investigation and findings of the Investigator pursuant to Section 26.10 shall be fully admissible in any proceeding before the System Arbitrator under this Section 26.13. (c) In the event that the System Arbitrator finds that a Circumvention has been committed by a Player or Player Actor, the System Arbitrator may impose any or all of the following penalties and/or remedies set forth below. In the event that the System Arbitrator finds that a Circumvention has been committed by a Club or a Club Actor, the Commissioner may impose any or all of the following penalties and/or remedies set forth below: (i) Impose a fine of up to $5 million in the case of a Circumvention by a Club or Club Actor, but in no circumstances shall such fine be less than $1 million against any Club or Club Actor if such party is found to have violated Article 50 of this Agreement. If such a fine is assessed against a Club (except in the case of a financial reporting violation), that Club's Payroll Room shall also be reduced by such amount for the following League Year, and if such reduction of the Club's Payroll Room renders the Club out of compliance with the Payroll Range (i.e., the Club does not have sufficient Payroll Room to accommodate its Player commitments comprising Club Salary) for such following League Year, then the Club must take such steps as are necessary (e.g., Assignment, Buy-Out, Waivers, etc.) and as are permitted by this Agreement to ensure that the Club will be in compliance with Article 50 of this Agreement upon commencement of the following League Year; (ii) Impose a fine against a Player of up to the lesser of $1 million or twentyfive (25%) percent of a Player's Paragraph 1 Salary in the case of a Circumvention by a Player or Player Actor, but in no circumstances shall such fine be below the lesser of $250,000 or twenty-five (25%) percent of the Player's Paragraph 1 Salary. Notwithstanding the $1 million limitation set forth above, any additional amounts by which the Player has been unjustly enriched due to the Circumvention shall be ordered to be disgorged; (iii) Direct a Club to forfeit draft picks (the number, placement, and League Year of which shall be determined in the Commissioner's sole discretion) Link to comment Share on other sites More sharing options...
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