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[Discussion] Why didn't the Canucks trade for Luongo's rights?


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The cap-recapture penalty has settled in and the Canucks will be hamstring for $3 million per year for the next 3 years. My question was, why didn't the Canucks talk to the Panthers to trade for Luongo's rights? If the Canucks traded for Luongo's rights, it will take the Panthers off the hook and we can then just place Lou on the LTIR for the next 3 years. This is just a thought.

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Alex Auld actually talked about this just a couple of days ago...  good question.  

 

So if Luongo wants any sort of a job related to the NHL, it would naturally be with the Florida Panthers since his family and extended family all lives there.  Now if we had traded for him, and put him on LTIR, he wouldn't be allowed to be around any other franchise, in any sort of a role. 

 

They used the example of Chris Pronger, who wanted to join the Florida Panthers organization after he retired but was unable to do so because he was traded from Philly to Arizona just to help them get up to the cap floor.  So he had to work for the NHL and was unable to get the job that he wanted with the Florida Panthers organization.  

 

It sounds like Luongo will be joining Pronger in the Panthers' front office, so I'm sure that they didn't want to force Luongo to wait three years in limbo.  

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3 minutes ago, VancouverHabitant said:

Alex Auld actually talked about this just a couple of days ago...  good question.  

 

So if Luongo wants any sort of a job related to the NHL, it would naturally be with the Florida Panthers since his family and extended family all lives there.  Now if we had traded for him, and put him on LTIR, he wouldn't be allowed to be around any other franchise, in any sort of a role. 

 

They used the example of Chris Pronger, who wanted to join the Florida Panthers organization after he retired but was unable to do so because he was traded from Philly to Arizona just to help them get up to the cap floor.  So he had to work for the NHL and was unable to get the job that he wanted with the Florida Panthers organization.  

 

It sounds like Luongo will be joining Pronger in the Panthers' front office, so I'm sure that they didn't want to force Luongo to wait three years in limbo.  

Thanks for this. I hate the &^@#ing Panthers now.

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45 minutes ago, VancouverHabitant said:

Alex Auld actually talked about this just a couple of days ago...  good question.  

 

So if Luongo wants any sort of a job related to the NHL, it would naturally be with the Florida Panthers since his family and extended family all lives there.  Now if we had traded for him, and put him on LTIR, he wouldn't be allowed to be around any other franchise, in any sort of a role. 

 

They used the example of Chris Pronger, who wanted to join the Florida Panthers organization after he retired but was unable to do so because he was traded from Philly to Arizona just to help them get up to the cap floor.  So he had to work for the NHL and was unable to get the job that he wanted with the Florida Panthers organization.  

 

It sounds like Luongo will be joining Pronger in the Panthers' front office, so I'm sure that they didn't want to force Luongo to wait three years in limbo.  

so basically the nhl paid him  while he was on ltir   from the Arizona  while collecting  his contract money  that sounds fishy to me 

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At the start of a season, we would need to be under the cap before placing anyone on LTIR. We would effectively need the $5.333333m in cap space at that point, and not the 3 million.

 

We might have stomached that for a year and claimed back a 4 million credit against the penalty, but that would only knock it down to 2.5 mill per year.

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Its really not about Luongo at all its the straight up absurdity of the whole contract status. Like why buying 

out the rest of his contract isnt an option is beyond me. A player not currently in the NHL should not count

against a teams cap. It makes the NHL look like a total clown show because of how absurd it is. Paying 3 mill

a year for a player not even playing in the NHL is so stupid its funny. Only in the NHL.

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5 hours ago, goalie13 said:

You can't just force him to go onto the LTIR.  And don't you think a move like that would look just a tad suspicious?

I mean the entire idea of LTIR is already suspicious but it seems to be ok for the NHL

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3 hours ago, EagleShield said:

At the start of a season, we would need to be under the cap before placing anyone on LTIR. We would effectively need the $5.333333m in cap space at that point, and not the 3 million.

 

We might have stomached that for a year and claimed back a 4 million credit against the penalty, but that would only knock it down to 2.5 mill per year.

There is an alternative approach that allows to exceed the cap.  Under that approach it is assumed the player has already been replaced on the roster and it allows to operate at an increased cap.  

 

The CBA has an example - art. 50.10 - Prior to opening day illustrations:

 

Illustration #4: The Upper Limit in a League Year is $70.0 million. A Player who has an SPC with an Averaged Amount of $2.0 million becomes unfit to play on the last day of Training Camp, and on the same day, his Club exercises the Bona-Fide Long-Term Injury/Illness Exception on such Player. On Opening Day, the Club has an Averaged Club Salary of $71.5 million (excluding Earnable Performance Bonuses up to the full amount of the Performance Bonus Cushion). The Club is deemed to have already fully replaced the unfit-to-play Player with any Player or Players on the Opening Day Roster. If these replacements are maintained through the conclusion of the season, the Club's Averaged Club Salary is $71.5 million, as the Club is permitted to exceed the Upper Limit by $1.5 million because of the Bona-Fide Long-Term Injury/Illness Exception.

 

Edited by mll
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10 hours ago, goalie13 said:

You can't just force him to go onto the LTIR.  And don't you think a move like that would look just a tad suspicious?

Like a player suddenly developing a skin condition after umpteen years in the league to get out of a high cap hit contract? :P

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Luongo probably hates Vancouver and everyone that lives here. We ran this guy out of town! It was an absolute gong show and probably the most embarrassing chapter of Luongo's career (and one of the most embarrassing chapters, among many, in Canuck history).  

 

He Ain't Coming Back! He is a Florida Panther! That's where his heart is.

 

 

Edited by Boeserker
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