Industrious1 Posted July 19, 2013 Share Posted July 19, 2013 The term is bad as well as the new cap recapture that the league is now implementing after the new CBA. Before that it was a pretty strange contract...but not damaging to the team. In the 'new' NHL however this thing is a bloated albatross that is more or less untradeable by conventional means. The only silver lining is that Roberto is still a good goalie. Let's just hope when he show's up next season that he will want to bring his 'A' game. Link to comment Share on other sites More sharing options...
tas Posted July 19, 2013 Share Posted July 19, 2013 cap recapture. Link to comment Share on other sites More sharing options...
onesmallleap Posted July 19, 2013 Share Posted July 19, 2013 I don't see how Luongo's contract is considered bad, other than the NTC limiting the teams he could go to. His cap hit is @ $5.33 million per year for the rest of his contract. Some comparable goalies skill/stat wise are: Henrik Lundqvist: $6.87 million/season Jonathon Quick: $5.88 millon/season Tuuka Rask: $7 million/season Mikka Kiprusoff: $5.88 million/season Pekka Rinne: $7 million/season Mike Smith: $5.66 million/season Ryan Miller: $6.25 million/season Jimmy Howard: $5.29 million/season Cam Ward: $6.33 million/season Carey Price: $6.5 million/season Some of these guys have never made it past the first round never mind to Game 7 of the SCF Final. Tuuka Rask has 1 good year, is still unproven, but gets a 7 mill per year contract. Every year Luongo puts up the same numbers or better than most of the guys and he is cheaper than all of them but 1. Why do people consider Luongo's contract "un-movable/terrible?" Link to comment Share on other sites More sharing options...
babych Posted July 19, 2013 Share Posted July 19, 2013 I don't see how Luongo's contract is considered bad, other than the NTC limiting the teams he could go to. His cap hit is @ $5.33 million per year for the rest of his contract. Some comparable goalies skill/stat wise are: Henrik Lundqvist: $6.87 million/season Jonathon Quick: $5.88 millon/season Tuuka Rask: $7 million/season Mikka Kiprusoff: $5.88 million/season Pekka Rinne: $7 million/season Mike Smith: $5.66 million/season Ryan Miller: $6.25 million/season Jimmy Howard: $5.29 million/season Cam Ward: $6.33 million/season Carey Price: $6.5 million/season Some of these guys have never made it past the first round never mind to Game 7 of the SCF Final. Tuuka Rask has 1 good year, is still unproven, but gets a 7 mill per year contract. Every year Luongo puts up the same numbers or better than most of the guys and he is cheaper than all of them but 1. Why do people consider Luongo's contract "un-movable/terrible?" Link to comment Share on other sites More sharing options...
Dogbyte Posted July 19, 2013 Share Posted July 19, 2013 Sure but Rinne is locked up for 7 more, Rask for 8 more, and Lundqvist for 6 which will make him 37 in his last year Link to comment Share on other sites More sharing options...
Primal Optimist Posted July 19, 2013 Share Posted July 19, 2013 I don't see how Luongo's contract is considered bad, other than the NTC limiting the teams he could go to. His cap hit is @ $5.33 million per year for the rest of his contract. Some comparable goalies skill/stat wise are: Henrik Lundqvist: $6.87 million/season Jonathon Quick: $5.88 millon/season Tuuka Rask: $7 million/season Mikka Kiprusoff: $5.88 million/season Pekka Rinne: $7 million/season Mike Smith: $5.66 million/season Ryan Miller: $6.25 million/season Jimmy Howard: $5.29 million/season Cam Ward: $6.33 million/season Carey Price: $6.5 million/season Some of these guys have never made it past the first round never mind to Game 7 of the SCF Final. Tuuka Rask has 1 good year, is still unproven, but gets a 7 mill per year contract. Every year Luongo puts up the same numbers or better than most of the guys and he is cheaper than all of them but 1. Why do people consider Luongo's contract "un-movable/terrible?" Link to comment Share on other sites More sharing options...
MJDDawg Posted July 19, 2013 Share Posted July 19, 2013 Of course it's not bad from a cap hit standpoint, but it's the $40 plus million that's owed to him for the next 9 years. That's a lot of scratch to pay a goalie who just turned 34. Plus, because the cap hit is so reasonable and because of the new cap recapture penalties included in the new CBA, not only will any team that traded for him be on the hook for a huge amount of cash, but if Lui retired early, they'd also have to pay any cap recapture penalties they incurred as well. Link to comment Share on other sites More sharing options...
Darth Kane Posted July 19, 2013 Share Posted July 19, 2013 If Luongo plays out the full length of his contract and is productive it's a great deal. The risk comes about if he retires before his contract ends because his cap hit still stays on the books. Link to comment Share on other sites More sharing options...
Warhippy Posted July 19, 2013 Share Posted July 19, 2013 Here's what people forget. The media is shoving this down your throats. When this contract was signed the length was talked about but the term was a steal. Then one guy said it was bad and everyone jumped on Oh it's an anchor Oh it's terrible Oh he'll never do anything with it or be traded. And then the Luongo rule was put in place retroactively where quite possibly, if Hossa eats one more concussion Luongo and the Canucks will be the only team that suffers for it since Kovalcash fled the country. Now stop for a second and think. Age is an issue? Thomas at 38 put in one fo the greatest seasons the league has ever seen and won a Stanley cup. Broduer didn't win his first Vezina until his early thirties. Haseks best years were in his 30's, Roy's last cup was in his 30's. Roloson put in a record breaking performance at age 41 for Tampa en route to an ECF against Boston with a 7 game finish. Age is subjective, these are athletes par excellence. chelios played until his mid 40's guys come on. And now we get to Luongo's body of work. He WILL finish his career top 5 or better in every conceivable stat and nobody can argue that at all. 3 Vezina nominations, William Jennings, SCF finals with 2 shutouts (record tied) Olympic gold on home ice in HIS building and World Gold as well. Added he missed almost 2 full seasons of play in his prime years which means he lost the chance, with his average games played, around 90 games win or lose with possible shutouts. In 5 years the cap, at the leagues rate of growth will be over $80 million and there will be a minimum of 7 teams yearly scrambling to reach the cap. Much like the Islanders did with Thomas last year, Luongo will indeed be attractive to a team that needs to reach cap with this contract. When the estimate is for the cap to reach almost $90 million by 2020 $5 million will be a good thing for more than a few teams to keep on their books. The only two things enforcing the idea that Lou's contract is terrible is the length of it and recapture or Luongo rule. And the worthless Eastern Media that cannot give this team any credit at all. Link to comment Share on other sites More sharing options...
ilduce39 Posted July 19, 2013 Share Posted July 19, 2013 The length is brutal and the cap hit isn't great but his play is still top-10 decent.. With my math that equals somewhere close to bad, doesn't it? Now that he's the starter again it isn't exactly an albatross but it certainly could be a lot better. Link to comment Share on other sites More sharing options...
ThaBestPlaceOnEarth Posted July 19, 2013 Share Posted July 19, 2013 There are several ways that Luongo's contract can be bad, even though to just look at it, it looks like a very good deal. Obviously one scenario where it's a bad contract is if Luongo is not the starting goalie. It's a good contract for a starter but not for a backup! You can't afford to pay the guy that money to sit on the bench, no matter how funny he is on twitter, not with the cap coming down! Another scenario where the contract sucks is if you are trying to trade Luongo away for a return that is roughly equal to what he can bring to a team. The term and cap-recapture are so onerous to take on, teams do not want to give up an asset. Fortunately, neither of those problems apply anymore thanks to the slick trade work of our trusty GM, and Luongo has one of the better-looking cap hits at his position right now. Luongo is reviled for losing the Finals, but Rask just lost the Finals and parlayed it into a deal with a cap hit of $1.5 more than Luongo's! Heck, Mike Smith just signed a deal with a higher cap hit, does anyone really think Mike Smith is better than Luongo? Unless something crazy happens like Luongo retiring and going to play for St. Petersburg, Fla., I think people will look back on this past draft day as a turning point for this franchise, the day Gillis fixed our goalie controversy and cemented this team's future. Link to comment Share on other sites More sharing options...
Riviera82 Posted July 19, 2013 Share Posted July 19, 2013 Here's what people forget. The media is shoving this down your throats. When this contract was signed the length was talked about but the term was a steal. Then one guy said it was bad and everyone jumped on Oh it's an anchor Oh it's terrible Oh he'll never do anything with it or be traded. And then the Luongo rule was put in place retroactively where quite possibly, if Hossa eats one more concussion Luongo and the Canucks will be the only team that suffers for it since Kovalcash fled the country. Now stop for a second and think. Age is an issue? Thomas at 38 put in one fo the greatest seasons the league has ever seen and won a Stanley cup. Broduer didn't win his first Vezina until his early thirties. Haseks best years were in his 30's, Roy's last cup was in his 30's. Roloson put in a record breaking performance at age 41 for Tampa en route to an ECF against Boston with a 7 game finish. Age is subjective, these are athletes par excellence. chelios played until his mid 40's guys come on. And now we get to Luongo's body of work. He WILL finish his career top 5 or better in every conceivable stat and nobody can argue that at all. 3 Vezina nominations, William Jennings, SCF finals with 2 shutouts (record tied) Olympic gold on home ice in HIS building and World Gold as well. Added he missed almost 2 full seasons of play in his prime years which means he lost the chance, with his average games played, around 90 games win or lose with possible shutouts. In 5 years the cap, at the leagues rate of growth will be over $80 million and there will be a minimum of 7 teams yearly scrambling to reach the cap. Much like the Islanders did with Thomas last year, Luongo will indeed be attractive to a team that needs to reach cap with this contract. When the estimate is for the cap to reach almost $90 million by 2020 $5 million will be a good thing for more than a few teams to keep on their books. The only two things enforcing the idea that Lou's contract is terrible is the length of it and recapture or Luongo rule. And the worthless Eastern Media that cannot give this team any credit at all. Link to comment Share on other sites More sharing options...
Warhippy Posted July 19, 2013 Share Posted July 19, 2013 You certainly put some lipstick on those points, but let's look at the reality. No Vezina wins, a shared Jennings trophy on a landslide PT winning team, 1 SCF appearance (on a PT winner) with 2 shutouts and 20 goals against in just over 4 games worth of time. Olympic gold on his home ice (home ice advantage, I guess), and World Gold which is pretty much the best players on teams who miss the playoffs or get knocked out early. Still pretty good stuff but not anything you'd really want to write home about. Link to comment Share on other sites More sharing options...
apollo Posted July 19, 2013 Share Posted July 19, 2013 Its a great contract for the leagues most dominant goalie of this decade. People don't like luongo personally. Link to comment Share on other sites More sharing options...
4thLineGrinder Posted July 19, 2013 Share Posted July 19, 2013 the new cba changed the rules to make what was a legal contract at the time the biggest roadblock to making a deal for lou possible. Bettman and co have as much to do with lou's no movement as gillis does. I'm wondering if all you lou haters even watched the canucks or were fans before he got to town? He has been so solid for us for sooo long you have lost perspective that this is a team sport and every goalie can have a bad night from time to time, even hall of famers. Link to comment Share on other sites More sharing options...
Dragonfruits Posted July 19, 2013 Share Posted July 19, 2013 Its a great contract for the leagues most dominant goalie of this decade. People don't like luongo personally. Link to comment Share on other sites More sharing options...
BI3KSA- Posted July 19, 2013 Share Posted July 19, 2013 It's all about the contract length. The new CBA made it even worse. Its a great contract for the leagues most dominant goalie of this decade. People don't like luongo personally. Link to comment Share on other sites More sharing options...
wai_lai416 Posted July 19, 2013 Share Posted July 19, 2013 Gimme a break.. all the goalie listed on the list other than lundqvist miller and rinne.. all of them are good/average with no proven track record of consistency so its a huge gamble.. price at 6.5? 1 or 2 years good doesnt make you worth your contract. Link to comment Share on other sites More sharing options...
apollo Posted July 19, 2013 Share Posted July 19, 2013 so where is his Stanley cup ring or Vezina trophy for the supposed most dominant goalie the only trophy he has to show for it is a shared one with Schneider. Its a horrible contract not the cap hit but the term was way to long should of only been 5-6 years Link to comment Share on other sites More sharing options...
BI3KSA- Posted July 19, 2013 Share Posted July 19, 2013 Luongo was the starter... no luongo no trophy. He's been nominated for harts and vezinas and Pearson's. Stanley cup is a team trophy u ...... 8 goals in seven games... 0 goals in game seven of scf. Luongo did his part and more. Link to comment Share on other sites More sharing options...
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