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[Official] Luongo Retires

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Edited by mll

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The cba agreement bails out Nashville as we all suspected. At least it is not a total bail out but just an altering of the rules to not crush their franchise meanwhile the Canucks situation remains unchanged.

 

For those who haven't heard the change. The new agreement won't allow the cap recapture penalty to be higher than the avg salary of the player. So when Weber retires it won't cost Nashville the crazy 10-25 mil it was going to, but instead the penalty will be the avg salary of the player till the total amount of the recapture has been met.

 

Ie. If Weber retires with one year left, Nashville would have faced a 24.5 million recapture penalty for the next season. Now, they will face 7.5 million for 3 seasons and 2 million for the 4th season. 

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1 hour ago, Tower102 said:

The cba agreement bails out Nashville as we all suspected. At least it is not a total bail out but just an altering of the rules to not crush their franchise meanwhile the Canucks situation remains unchanged.

 

For those who haven't heard the change. The new agreement won't allow the cap recapture penalty to be higher than the avg salary of the player. So when Weber retires it won't cost Nashville the crazy 10-25 mil it was going to, but instead the penalty will be the avg salary of the player till the total amount of the recapture has been met.

 

Ie. If Weber retires with one year left, Nashville would have faced a 24.5 million recapture penalty for the next season. Now, they will face 7.5 million for 3 seasons and 2 million for the 4th season. 

Not sure it really "bails" them out. It doesn't cripple their franchise if it happens, but a 7.5 million reduction is cap for 3 years will still be tough to manage.

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At the risk of sounding over dramatic, when this "rule" was initially negotiated into the CBA, and I found out that it was retroactive to include contracts that were negotiated and accepted by the league under the rules of the previous agreement, I lost a lot of interest in the league, and have never fully recovered.  Clearly, it was done to punish those that circumvented the cap, which contracts like Luongo's certainly did, but in recent years, the LTIR loophole that other players/teams have used has gone unchallenged by the league, or at least they haven't done anything about it.  

 

It's hard to support a league that makes such a blatantly horrible rule, and then doesn't have the backbone to see it enforced consistently.  This CBA could have corrected this, instead, it's magnified things.

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45 minutes ago, thundernuts said:

At the risk of sounding over dramatic, when this "rule" was initially negotiated into the CBA, and I found out that it was retroactive to include contracts that were negotiated and accepted by the league under the rules of the previous agreement, I lost a lot of interest in the league, and have never fully recovered.  Clearly, it was done to punish those that circumvented the cap, which contracts like Luongo's certainly did, but in recent years, the LTIR loophole that other players/teams have used has gone unchallenged by the league, or at least they haven't done anything about it.  

 

It's hard to support a league that makes such a blatantly horrible rule, and then doesn't have the backbone to see it enforced consistently.  This CBA could have corrected this, instead, it's magnified things.

Even though people will laugh I have often said it's almost scripted like the WWE.

 

At the end of the day there are 32 people that matter and Bettman serves. If the majority of the owners make money, that is all that matters.

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