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Loui Eriksson | #21 | LW/RW


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8 minutes ago, skategal said:

JP Barry has been quoted as saying that there is talk about one compliance buyout per team being allowed.  Who would the Canucks be best suited to identify?  Could Eriksson be trade bait?  His actual cost over the last two years of his contract is only $4M, cap hit remains at $6M.  He can identify a 15 team no trade list.  We already know we can't trade Baertschi, or haven't been able to at this point.  Or if Ferland comes of IR, could he be a buyout candidate?  Do you bundle Baertschi in with a youngster just to clear the deck?  

what is the new salary cap value?

can't answer your question without this info

 

also explain who compliance buyouts benefit

why would the players agree to this?

 

Edited by coastal.view
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2 minutes ago, coastal.view said:

what is the new salary cap value?

can't answer your question without this info

I think it's a safe bet that it's not going up, so at best it's flat, more likely going down.  Speculation is an imperfect science LOL!  

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i think the league has to take into account what the virus has done to each team’s chances to ice competetive rosters. if the virus hadn’t hit, the cap was going to go up. imo, the owners, players and the league have to shoulder the burden of the losses. how that can be done, i don’t know. unless everyone works together, the product will suffer and the league will go backwards.

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1 hour ago, skategal said:

JP Barry has been quoted as saying that there is talk about one compliance buyout per team being allowed.  Who would the Canucks be best suited to identify?  Could Eriksson be trade bait?  His actual cost over the last two years of his contract is only $4M, cap hit remains at $6M.  He can identify a 15 team no trade list.  We already know we can't trade Baertschi, or haven't been able to at this point.  Or if Ferland comes of IR, could he be a buyout candidate?  Do you bundle Baertschi in with a youngster just to clear the deck?  

He doesn't sound particularly convinced that there will be a compliance buyout.  When asked he answered that last time that there was one there was a drop in the cap but discussions here are to keep the cap flat.  He says that it's been discussed but they are talking of adjusting escrow.  If there is one it would have to be part of the CBA negotiations.  It's not the same situation as last time.  


The audio is with about 20 minutes to go:  https://post.futurimedia.com/ckstam/playlist/10/listen-25143.html

 

Shannon, Friedman believe that the league does not want compliance buyouts.  For players it increases their escrow so probably not in favour either.

 

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52 minutes ago, smithers joe said:

i think the league has to take into account what the virus has done to each team’s chances to ice competetive rosters. if the virus hadn’t hit, the cap was going to go up. imo, the owners, players and the league have to shoulder the burden of the losses. how that can be done, i don’t know. unless everyone works together, the product will suffer and the league will go backwards.

No where in the CBA does it guarantee annual increases to the cap. Some teams will have cap issues, but that happens every year. GM’s will need to work within a level cap for awhile. Some teams will rise, others will fall.  This is nothing new 

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1 hour ago, smithers joe said:

i don’t know what the answer is but everyone has to make concessions. the betterment of the game is at stake.

How so?  How is this any different from when Vancouver was able to take advantage of Tampa having no cap space in the Miller trade?  Teams will adapt. Decisions will be made, trades will follow 

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21 minutes ago, qwijibo said:

How so?  How is this any different from when Vancouver was able to take advantage of Tampa having no cap space in the Miller trade?  Teams will adapt. Decisions will be made, trades will follow 

How does the NHL foot the bill of lost revenue? Many teams are contracted to the full CAP limit as it existed to pre-Covid. Now the NHL is ready to re-open with empty stands. The NHL is still a gate driven enterprise. The losses will be in $100's of millions, even billions if next year is threatened by a Covid resurgence. The cost structure is collapsing. 

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2 minutes ago, Boudrias said:

How does the NHL foot the bill of lost revenue? Many teams are contracted to the full CAP limit as it existed to pre-Covid. Now the NHL is ready to re-open with empty stands. The NHL is still a gate driven enterprise. The losses will be in $100's of millions, even billions if next year is threatened by a Covid resurgence. The cost structure is collapsing. 

I’m saying if they keep the cap level (which seems to be the talk) the salaries will be adjusted by escrow.  No further adjustments at the team level will likely be made. GM’s were able to operate under a $81.5m cap this season, they’ll have to continue to do so going forward for a few years 

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Loui Eriksson

Pacific Notes: Eriksson, Reaves, Richardson

June 19, 2020 at 10:22 am CDT | by Brian La Rose 6 Comments

Near the trade deadline, the Sabres waived and sent Zach Bogosian to the AHL.  However, instead of reporting, Bogosian opted for a contract termination with an eye on resuming his NHL career and wound up in Tampa Bay shortly thereafter.  Sportsnet’s Iain MacIntyre posits that the Canucks may attempt to go down a similar path with winger Loui Eriksson Part of that ill-fated group of big free agent signings in 2016, Eriksson’s numbers went down as soon as he signed with Vancouver and had 72 points in his first three years combined after putting up 63 in Boston in his final year with them.  His output dipped even further this year to just six goals and seven assists in 49 games, hardly a good return on his $6MM price tag.  Once his upcoming $3MM signing bonus is paid, Eriksson will be owed just $5MM in salary over the final two years of the deal which might be enough to walk away from if he thinks he can land an opportunity with a bigger role elsewhere.

 

 

Found this comment very interesting.

It would involve JB eating a huge piece of humble pie but, at the end of the day, it still saves the Canucks some very valuable cap space that could be the difference between signing and losing an rfa or affording a Taffoli or Marky.

Then it comes down to how badly Loui wants to be in the NHL.

He's owed 8 mil. over the next two seasons. 

I have to believe he's fully worth 2.5 mil. per, to a cup contender looking for an effective penalty killer.

Agreeing to terminate with that goal in mind wouldn't be such a bad deal for him.

His desire to win could push him into a positive direction for both sidws.

 
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4 hours ago, komodo0921 said:

 

Loui Eriksson

Pacific Notes: Eriksson, Reaves, Richardson

June 19, 2020 at 10:22 am CDT | by Brian La Rose 6 Comments

Near the trade deadline, the Sabres waived and sent Zach Bogosian to the AHL.  However, instead of reporting, Bogosian opted for a contract termination with an eye on resuming his NHL career and wound up in Tampa Bay shortly thereafter.  Sportsnet’s Iain MacIntyre posits that the Canucks may attempt to go down a similar path with winger Loui Eriksson Part of that ill-fated group of big free agent signings in 2016, Eriksson’s numbers went down as soon as he signed with Vancouver and had 72 points in his first three years combined after putting up 63 in Boston in his final year with them.  His output dipped even further this year to just six goals and seven assists in 49 games, hardly a good return on his $6MM price tag.  Once his upcoming $3MM signing bonus is paid, Eriksson will be owed just $5MM in salary over the final two years of the deal which might be enough to walk away from if he thinks he can land an opportunity with a bigger role elsewhere.

 

 

Found this comment very interesting.

It would involve JB eating a huge piece of humble pie but, at the end of the day, it still saves the Canucks some very valuable cap space that could be the difference between signing and losing an rfa or affording a Taffoli or Marky.

Then it comes down to how badly Loui wants to be in the NHL.

He's owed 8 mil. over the next two seasons. 

I have to believe he's fully worth 2.5 mil. per, to a cup contender looking for an effective penalty killer.

Agreeing to terminate with that goal in mind wouldn't be such a bad deal for him.

His desire to win could push him into a positive direction for both sidws.

 

Two main differences between Bogosian's situation and Eriksson's that I think make it much more unlikely Eriksson does this:

1. Bogosian is 29 years old and still might have a career to save. Eriksson is 34.

2. Bogosian was a pending UFA in the final year of his contract. He was also more than halfway through the season. By opting for contract termination, he gave up probably about $2M. Eriksson terminating his contract right now would be giving up four times that at $8M. As good of a penalty killer as Eriksson is, I think at his age (almost 35 years old), he will struggle to find an NHL job for anything more than about $1.5M and even then, the NHL strongly prefers younger players, so it's possible he may be forced to try other leagues or retire.

 

Not saying it won't happen, but the two aren't perfect comparables.

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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......

 

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22 hours ago, -AJ- said:

Two main differences between Bogosian's situation and Eriksson's that I think make it much more unlikely Eriksson does this:

1. Bogosian is 29 years old and still might have a career to save. Eriksson is 34.

2. Bogosian was a pending UFA in the final year of his contract. He was also more than halfway through the season. By opting for contract termination, he gave up probably about $2M. Eriksson terminating his contract right now would be giving up four times that at $8M. As good of a penalty killer as Eriksson is, I think at his age (almost 35 years old), he will struggle to find an NHL job for anything more than about $1.5M and even then, the NHL strongly prefers younger players, so it's possible he may be forced to try other leagues or retire.

 

Not saying it won't happen, but the two aren't perfect comparables.

None-the-less, it seems to be an option the Canucks may be willing to do.

It still saves them a, very important, bit of money on the cap.

Also, I remember it being talked about that a buyout may be more realistic in the last two years of his contract.

Does anyone know what the buyout would look like?

Edited by komodo0921
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1 hour ago, komodo0921 said:

None-the-less, it seems to be an option the Canucks may be willing to do.

It still saves them a, very important, bit of money on the cap.

Also, I remember it being talked about that a buyout may be more realistic in the last two years of his contract.

Does anyone know what the buyout would look like?

I don't know the exact numbers, but buyouts only work for regular pay portions of the contract, so since the majority of his contract is signing bonuses, I think a buyout saves us very little.

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Eriksson is due a $3m signing bonus tomorrow(July 1st) :(

 

SEASON CLAUSE CAP HIT q2.svg AAV q2.svg P. BONUSES q2.svg S. BONUSES q2.svg BASE SALARY q2.svg TOTAL SALARY q2.svg MINORS SALARY q2.svg
2016-17 NMC $6,000,000 $6,000,000 $0 $7,000,000 $1,000,000 $8,000,000 $8,000,000
2017-18 NMC $6,000,000 $6,000,000 $0 $7,000,000 $1,000,000 $8,000,000 $8,000,000
2018-19 NTC $6,000,000 $6,000,000 $0 $6,000,000 $1,000,000 $7,000,000 $7,000,000
2019-20 NTC $6,000,000 $6,000,000 $0 $4,000,000 $1,000,000 $5,000,000 $5,000,000
2020-21 Modified NTC $6,000,000 $6,000,000 $0 $3,000,000 $1,000,000 $4,000,000 $4,000,000
2021-22 Modified NTC $6,000,000 $6,000,000 $0 $1,000,000 $3,000,000 $4,000,000 $4,000,000
TOTAL   $36,000,000 $36,000,000 $0 $28,000,000 $8,000,000 $36,000,000 $36,000,000
CLAUSE DETAILS: Beginning 2020-21: Player submits a 15 team no trade list
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On 6/21/2020 at 12:01 PM, komodo0921 said:

 

Loui Eriksson

Pacific Notes: Eriksson, Reaves, Richardson

June 19, 2020 at 10:22 am CDT | by Brian La Rose 6 Comments

Near the trade deadline, the Sabres waived and sent Zach Bogosian to the AHL.  However, instead of reporting, Bogosian opted for a contract termination with an eye on resuming his NHL career and wound up in Tampa Bay shortly thereafter.  Sportsnet’s Iain MacIntyre posits that the Canucks may attempt to go down a similar path with winger Loui Eriksson Part of that ill-fated group of big free agent signings in 2016, Eriksson’s numbers went down as soon as he signed with Vancouver and had 72 points in his first three years combined after putting up 63 in Boston in his final year with them.  His output dipped even further this year to just six goals and seven assists in 49 games, hardly a good return on his $6MM price tag.  Once his upcoming $3MM signing bonus is paid, Eriksson will be owed just $5MM in salary over the final two years of the deal which might be enough to walk away from if he thinks he can land an opportunity with a bigger role elsewhere.

 

 

Found this comment very interesting.

It would involve JB eating a huge piece of humble pie but, at the end of the day, it still saves the Canucks some very valuable cap space that could be the difference between signing and losing an rfa or affording a Taffoli or Marky.

Then it comes down to how badly Loui wants to be in the NHL.

He's owed 8 mil. over the next two seasons. 

I have to believe he's fully worth 2.5 mil. per, to a cup contender looking for an effective penalty killer.

Agreeing to terminate with that goal in mind wouldn't be such a bad deal for him.

His desire to win could push him into a positive direction for both sidws.

 

One can only hope that Benning is able to get rid of the floater. 

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hopefully jim can find away to move louie but i’m sure it isn’t as easy as cdc fans think it is. imo, it isn’t about jim eating crow, but more finding a partner that can benefit from taking louie.  i must be looking at different games because i see a player whose skills are declining, not a floater. i know that at a point in my life, i lacked the ability to accomplish what i use to do. 

it is too bad that a player, when he experiences his inability to perform at a high level wouldn’t want to hold the team back. what could louie do to rectify his situation?

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14 minutes ago, smithers joe said:

hopefully jim can find away to move louie but i’m sure it isn’t as easy as cdc fans think it is. imo, it isn’t about jim eating crow, but more finding a partner that can benefit from taking louie.  i must be looking at different games because i see a player whose skills are declining, not a floater. i know that at a point in my life, i lacked the ability to accomplish what i use to do. 

it is too bad that a player, when he experiences his inability to perform at a high level wouldn’t want to hold the team back. what could louie do to rectify his situation?

I don't get why some think Benning is hanging onto LE to save face. It's like they truly believe Benning isn't trying to make this team the best it possibly can. These people clearly play too much EA sports and think it's so simple.

 

I agree that his play has dropped off and he's not simply floating. His defensive work and his ability on that stretch with Pearson and Horvat that was one of our more effective lines was true to that effort. He isn't worth his contract for sure and no teams are chomping at the bit to take him and we don't want to use assets to unload him as long as we are able to manage the cap with him and we had done so this past season.

 

People think it's so easy to just waive him and believe he will retire. He might, but what if he does report? You're only saving just over a million in cap in which you have to replace him with a player which basically negates that savings anyway (unless you go with a minimum wager and save 300k or so). Then you have the drama which the media will create or fan the flames on continuously, is that worth it? He could walk away from his contract after his bonus, but he isn't going to making that kind of money on another team given his age and play and the current market, so I don't think it's going to be that simple to remove him unless there's a compliance buyout (which sounds like it won't happen).

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