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(Discussion) how to get rid of Erikssons terrible contract


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IMO, this 'cap issue' will start to solve itself when other teams have injuries and Roussel coming back opens up even more forwards for us to move out.

 

I'd be surprised if a team wouldn't take on Baer, assuming he plays well, at some point. Same goes for Leivo and, eventually (though perhaps non until next year), Sutter.

 

As for Eriksson...assuming he continues to be benched and likely sent to Utica when Roussel returns, I'd be pretty surprised if he didn't retire/mutually terminate after his next summer bonus.

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Unfortunately we have this contract, but we just can't drop players in the fire because it will be hard to get other players to come on board if we go that route.

The Flames got a big goof (Lucic) for about the same money and he hasn't done anything but fight,but they had Edmonton to trade with and their new GM robbed Calgary by getting James Neal for the big goof.

There were plenty on this board who wanted Lucic(the big goof) as a Canuck,but that's another story.There are some teams that go around the rules but the Canucks are an Ethical team and don't put players on the long term injury list because they become allergic to there pads and glove etc. (HOSSA).

Some teams are able to get away with cheating but the Canucks are above that.

We gave up a lot to get JT Miller but players of this caliber are as we have seen, are worth it.

In a few years we will be rid of some bad contracts both loui's  LUONGO AND ERIKSSON and some young guys will be showing up at the right time.

Edited by DADDYROCK
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Trade him to Ottawa for one of their guys on LTIR.   Gaborik, 2 years at 4.87 million for example. If we retain the difference, Ottawa can at least use Loui as a defensive specialist, instead of just paying a guy on LTIR.  If needed, we'd even be able to use the LTIR cap space to add a player.  Win / Win.

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10 minutes ago, Agoork said:

Trade him to Ottawa for one of their guys on LTIR.   Gaborik, 2 years at 4.87 million for example. If we retain the difference, Ottawa can at least use Loui as a defensive specialist, instead of just paying a guy on LTIR.  If needed, we'd even be able to use the LTIR cap space to add a player.  Win / Win.

Those contracts are insured.  Ottawa was even looking to acquire more LTIR contracts for picks/prospects.  They might want to sign their key young players long term and their contracts will be up before Eriksson is off the books - see the recent deals they gave to Chabot and White.   Also don't see them wanting to block a roster spot when they want to add their prospects as soon as they are ready.  

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17 hours ago, Brock Botanen said:

What would you guys be willing to sacrifice to rid ourselves of the terrible contract?

 

I think I'd give up a Juolevi and/or some picks. Sadly that wont be enough IMO. How does 1 get sudden allergies to equiptment?

Juolevi?  No. I don't believe in paying assets to rid problems. The money we are paying Eriksson already a dead loss.

 

Worst case scenario? If he's going to be in the press box.  Just ''loan'' him to a SHL team. We'll get a $1 mill exemption on the cap. About the same as what we would have achieved with a buy out last summer. A buy out next summer gets about a $1.33 mill cap benefit, but doubles the amount of time we wear it.  Not worth it.  Just send him to Sweden.

 

Most likely scenario? Pay his $3 mill bonus next July 1. At which point he will be owed a total of $5 mill for the balance of his last two years. I imagine he might retire. But if not. He would have some attraction to cap floor teams. $6 mill per season in cap hit for $2.5 mill per year in real dollars. Of which we could further eat some, as much as $2 mill. Leaving $3 mill or $1.5mill per season for the ''buyer.''  But there is potential to free up $4 to $6 mill in cap. That's better than $1 mill sending him to Sweden. And saves $2mill or $3 mill in cash, still not chump change to recover.  

 

I don't imagine he will be with us next October in any case. 

 

Best case scenario? :huh:  Someone thinks they can use him in their line up. And gives us a 4th, or depth prospect.

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4 hours ago, Nuck1991 said:

thanks to luongo and loui we now have 9 mill in dead cap space

and this fan base calls him the greatest goalie to ever play for canucks, more like the dude who didnt care about his canucks fans 

Gillis is to blame for that contract not Luongo lol

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3 hours ago, Nuck1991 said:

did luongo not sign it? he chose to retire he could have just sat out on LTIR, Gillis didnt ask him to retire

Did you read his retirement statement?  He could have played. He just didn’t want to put his body through the rigours of getting in playing shape for the season then maintaining it.  Plus, he didn’t owe Vancouver any favours.  Retiring was better for Florida. The team he spent the last six seasons with and who he’ll likely end up working for. Gillis signed the contract too. He’s the one that tried to skirt the spirit of the CBA by structuring Luongo’s contract the way that he did.  I don’t agree with the league punishing Teams after the fact. But make no mistake, Gillis knew he was running an end around on the CBA 

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On 10/15/2019 at 9:57 PM, Brock Botanen said:

What would you guys be willing to sacrifice to rid ourselves of the terrible contract?

 

I think I'd give up a Juolevi and/or some picks. Sadly that wont be enough IMO. How does 1 get sudden allergies to equiptment?

You are trolling, correct?!!!  The Canucks won't lose anyone who's part of the future.  LE's contract will cease to be important by the time this team is contending. 

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20 hours ago, NHL97OneTimer said:

You are trolling, correct?!!!  The Canucks won't lose anyone who's part of the future.  LE's contract will cease to be important by the time this team is contending. 

troll2
/trōl/
verb
  1. carefully and systematically search an area for something.
    "a group of companies trolling for partnership opportunities"
    • fish by trailing a baited line along behind a boat.
      gerund or present participle: trolling
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He just has to look at Dustin Byfuglien in Winnipeg and decides that he has been playing for a long time and he comtemplate to retire and the Canucks just have to approve and since by the time the contract expires, he is not 35 yet, so there won't be any cap-recapture penalty and that is $6 million off our books.

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Sit it out.   It’s buyout proof - at least it should be - my biggest fear is we finally get close to finishing this thing off our GM gets desperate and we end up win with his cap hit for an additional two-four years, just half instead.   Not worth the price, the teams showing now we can play without him and win, just let him sit and use him when injuries come up IF we have too, put him in he minors when the timing is right.

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On 10/16/2019 at 8:29 PM, Nuck1991 said:

did luongo not sign it? he chose to retire he could have just sat out on LTIR, Gillis didnt ask him to retire

Would he have retired if he didn’t get that much money front loaded and who’s idea was that?  Maybe in his mind that would be dishonest (which it is) going on LTIR when he’s not injured, just tired because he’s getting OLD for hockey and didn’t want to put the work in.  Good thing he did now and not in a year .... what was the recapture going to be then again?   Gillis was warned, he did it anyways.

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7 hours ago, ruilin96 said:

He just has to look at Dustin Byfuglien in Winnipeg and decides that he has been playing for a long time and he comtemplate to retire and the Canucks just have to approve and since by the time the contract expires, he is not 35 yet, so there won't be any cap-recapture penalty and that is $6 million off our books.

His age at retirement is totally inconsequential.  A player being 35+ only matters if that’s how old they were when they signed the contract.  Even then. There’s no recapture. The players cap hit just doesn’t come off the books when they retire. 

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7 hours ago, ruilin96 said:

He just has to look at Dustin Byfuglien in Winnipeg and decides that he has been playing for a long time and he comtemplate to retire and the Canucks just have to approve and since by the time the contract expires, he is not 35 yet, so there won't be any cap-recapture penalty and that is $6 million off our books.

Any contract signed under the new CBA is not subject to recapture penalties.  There are very few recapture contracts left

Chicago - Keith (Hossa)

Detroit - (Franzen, Zetterberg) 

LA  - Carter, Quick

Pittsburgh - Crosby

Minnesota - Parise, Suter

Montreal / Nashville - Weber

 

 

 

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