Severe Cap Issues Next Year

[Phil_314]

Either way, Benning's made his bed now he's going to have to lie in it.  Also, to think that this team had the opportunity to go and exploit another team's ED protection situation, to now potentially being low on cap space is quite unfortunate.  Barring Podkolzin really coming on and helping rejuvenate Virtanen and Gaudette, the 3rd line might still be in shambles if we're still going back to Gaud as the 3rd C (as much as I like him, he just doesn't seem like a good fit playing style-wise).

If only July 1st 2016 and 2018 didn't happen in Canucks history, we'd be in much better condition.  

 

[VegasCanuck]

We’re in good shape, a few fans are blowing things out of proportion as usual.

[Patel Bure]

3 hours ago, AK_19 said:

With the new signings of Demko ($5mil) and Pearson ($3.25mil), we are under some serious problems with icing a decent team next year. Next year we have $17,473,121 million in cap space with 15 players signed. Capfriendly states its only 12 players signed but I'm assuming they aren't counting currently injured players.

 

Signed Next Year:

 

Forwards

 

Boeser         $5.87 mil

Horvat          $5.50 mil

Miller            $5.25 mil

Pearson.      $3.25 mil

Roussel        $3.00 mil

Beagle.        $3.00 mil

Virtanen       $2.55 mil

Motte           $1.25 mil

Hoglander  $0.90 mil

Macewan   $0.80 mil

 

Not counting Ferland here

 

 

Defensemen

 

Myers        $6.00 mil

Schmidt.    $5.95 mil

 

Goalies

 

Demko.     $5.0 mil

Holtby       $4.3 mil

 

 

Line up as of now is:

 

Pearson Horvat Virtanen

Hoglander Miller Boeser

Roussel Macewan Motte

_______ Beagle _______

 

Schmidt Myers

_____ _____

_____ _____

 

Demko

Holtby

 

RFAs we have are:

 

Pettersson

Hughes

Gaudette

Tryamkin

Joulevi

 

Pettersson and Hughes will be signed. Because of only having 17 million to work with and a number of roster spots that still need to be filled up, the need to give them bridge contracts is pretty certain. Based on comparables, I think they will be signed to:

Pettersson 7mil x 3. Basically the Barzal contract

Hughes 6mil x 3/4. This one is tougher because most teams lock up young elite dmen for longer terms. Mcavoy was the closest I can find for 5mil but Hughes is better.

 

I recognize these numbers are likely on the lower side, if anything. That leaves us with 4-5 million with excellent contracts to our core players.

 

I don't know where to find the numbers but I believe 1 million is also reserved for bonus overages from this year.

 

So we've now got 3-4 million and 7 roster spots to fill. Even if they all took minimum wage, this is basically impossible without significant trades and/or use of buyouts. What is definitely clear is there is no way Edler or Sutter are returning or any UFA of any significance can be signed next off-season.

 

Just to fit our team under the cap, a number of these players need to be waived (I don't think they are tradeable without losing assets):

 

Eriksson - Saves us only 1 mil from his current cap hit on the taxi squad. It also means we carry a cap hit for future years for such a small pay-off.

Holtby - Saves us 3.8 million. I hated the contract from the beginning but I'm glad it was structured in a way to be an effective buyout. Despite mentions here of him being potentially targeted by Seattle, I don't see it. There are at least three goalies that will be exposed better than Holtby. 

Beagle/Roussel - would save us each 1.5 mil next year. Not much in savings when considering we also still need to replace their roster spots with at least an 800k player. 

Virtanen - saves us 2.5 mil. 

 

Honestly, Virtanen and Holtby may both be required here and the only ones worthwhile for the buyout. Those two buyouts help us fill in the rest of our roster at least internally:

 

Gaudette - 1.0 mil

Tryamkin - 1.5 mil

Joulevi - 900k

Rathbone -900k

Lind - 900k

Gadjovich - 900k 

Podkolzin -900k

Chatfield -800k

Dipietro - 800k

 

That leaves us with a roster of:

 

Miller-Pete-Boeser

Pearson-Horvat-Podkolzin

Motte-Gaudette-Hoglander

Roussel-Beagle-Macewan

 

Lind, Gadjovich

 

Hughes-Tryamkin

Joulevi-Schmidt

Rathbone-Myers

 

Chatfield

 

Demko

Dipietro

 

The only way I see us re-signing Edler/Sutter or a decent UFA is if Seattle picks up Myers in addition to the buyouts suggested. I'm expecting a very rookie-heavy roster next season. Personally, this looks godawful for next season. 

 

EDIT: Forgot Goalies

 

A few things:

 

1) Never EVER assume that you are smarter than an NHL GM or an entire front office.   You are not.    I am not, the poster next to me is not, no one on HF Canucks are, no one on 650 Sportsnet are, etc., etc.     It's very likely that they are seeing something that none of us are, or that they are privy to certain information that we do not have access to......which leads me to my "speculative" next points.

 

2) It's entirely possible that management knows that Beagle is done and will be LTIRetired, and hence, giving us the $$$ needed to sign Pearson.

 

3) It's entirely possible that the Canucks have a plan in place as far as Eriksson goes (i.e. one year left after this + only 2 million in real dollars owed = tradeable contract and/or easy to coax into retirement.   Bottom line = 6 million off the books).        

 

My message to you and my fellow Canucks fans is as follows:    

 

Before we pass judgement on this signing, lets at least see how the summer plays out.

 

p.s.  

 

Miller-Pettersson-Boeser

Pearson-Horvat-Podkolzin

Hoglander-Gaudette-Virtanen OR Pearson-Gaudette-Virtanen OR Podkolzin-Gaudette-Virtanen = potentially decent 3rd line with 

Motte-Boyd-MacEwen (or Roussel)

 

Looks to me like Benning is trying to create three lines that have a reasonable chance at producing consistent offence.    

 

[Nucksownyou]

$15 million is already set aside for Pettersson and Hughes. If they are signing bridge deals, then they aren't getting all of that $15 million. I also see one or two buyouts plus some trades happening in the offseason to give us more cap space. So, no, we don't really have cap issues. It will all work out.

[canuktravella]

2 hours ago, Silky mitts said:

why would they wan't our garbage?

teams screwed.  poor petey will be playing  with ahl plugs 

[DefCon1]

5 hours ago, NUCKER67 said:

They must have a plan.

Is it similar plan that they had this offseason where Tanev and Toffoli were let go to sign Virtanen to 2.55 mil? I dont want it

[kanucks25]

1 hour ago, VegasCanuck said:

We’re in good shape, a few fans are blowing things out of proportion as usual.

Do people here realize that only a portion of the Canucks fan base supports these dumbs moves whereas the majority (aka the other portion of Canucks fans + the rest of the hockey world) is either very confused or just laughs at our misfortune...

 

 

(just a small example)

[kanucks25]

1 hour ago, DarkIndianRises said:

1) Never EVER assume that you are smarter than an NHL GM or an entire front office.   You are not.    I am not, the poster next to me is not, no one on HF Canucks are, no one on 650 Sportsnet are, etc., etc.     It's very likely that they are seeing something that none of us are, or that they are privy to certain information that we do not have access to......which leads me to my "speculative" next points.

lawl

[Patel Bure]

14 minutes ago, kanucks25 said:

Do people here realize that only a portion of the Canucks fan base supports these dumbs moves whereas the majority (aka the other portion of Canucks fans + the rest of the hockey world) is either very confused or just laughs at our misfortune...

 

 

(just a small example)

Were these same people “confused” when we decided to proceed forward with Demko instead of Markstrom?   Or when we acquired Nate Schmidt for a 3rd?

 

I look forward to the “confused” reactions of many people when they see what our opening night roster looks like sometime in October 2022.  

Edited April 9, 2021 by DarkIndianRises

[Butters Stoch]

Are there any other GMs who manage to spend as much as Benning does every year and still have a bottom 10 team?

[D-Money]

12 hours ago, DarkIndianRises said:

 

A few things:

 

1) Never EVER assume that you are smarter than an NHL GM or an entire front office.   You are not.    I am not, the poster next to me is not, no one on HF Canucks are, no one on 650 Sportsnet are, etc., etc.     It's very likely that they are seeing something that none of us are, or that they are privy to certain information that we do not have access to......which leads me to my "speculative" next points.

 

2) It's entirely possible that management knows that Beagle is done and will be LTIRetired, and hence, giving us the $$$ needed to sign Pearson.

 

3) It's entirely possible that the Canucks have a plan in place as far as Eriksson goes (i.e. one year left after this + only 2 million in real dollars owed = tradeable contract and/or easy to coax into retirement.   Bottom line = 6 million off the books).        

 

My message to you and my fellow Canucks fans is as follows:    

 

Before we pass judgement on this signing, lets at least see how the summer plays out.

 

p.s.  

 

Miller-Pettersson-Boeser

Pearson-Horvat-Podkolzin

Hoglander-Gaudette-Virtanen OR Pearson-Gaudette-Virtanen OR Podkolzin-Gaudette-Virtanen = potentially decent 3rd line with 

Motte-Boyd-MacEwen (or Roussel)

 

Looks to me like Benning is trying to create three lines that have a reasonable chance at producing consistent offence.    

 

That’s simply not true. For instance, when Buffalo signed Jeff Skinner to that monstrous contract, many including myself thought it was ridiculous. Guess what? We were absolutely right. From day 1 that contract has been a natural disaster.

 

And when Benning signed multiple free agents to seemingly large contracts, many (including numerous industry insiders) said it was a bad idea, as it could affect our ability to retain more talented players down the road. Guess what? We all watched that play out exactly as predicted last free agency, when we had to let Toffoli walk for only $1M more than we just gave Pearson. And for only $1.25M more than we previously gave Roussel and Beagle. Toffoli is significantly more talented than those 3, but Benning shot himself in the foot, as predicted.

 

And what exactly has the team gained from signing all of these players? With the exception of a few weeks in the bubble, we have been a bad team, period. Even last season, we were one of the worst teams in the league in the weeks leading up to COVID, and seemed destined to miss the playoffs yet again. The brief success we had was the outlier.

 

The collective opinion of the vast majority on the Pearson signing, from simple fans to analytic observers to industry insiders, is: “Decent player, but why?” Are they all wrong? Or are you suggesting that the front office with a history of making similar decisions that have all gone poorly must be right, simply because they must be?

Edited April 9, 2021 by D-Money

[nux4lyfe]

7 hours ago, canuktravella said:

no way Tryamkin  signs at a mill he's gonna want 2.25-2.75

Pearson signing is baffling he's a third line winger   

Roussel better be bought out, Eriksson better retire, beagle better be taken by Seattle.

Thats a extra 10.5 mill in cap.

Myers, Sutter, Edler, Virtanen, Gaudette, Miller traded at deadline  frees another 24.5

We still don't have a decent 3rd line center.

I hope benning is fired if this doesn't happen.

[IBatch]

Don't forget Ferland will either fill a spot because he's healthy, or his money will be added.   And that one player is going to Seattle which should take 1-6 million off the books too.  The 17 goes up to 22-26 then.   

[DeltaSwede]

Feels like I'm just repeating what everyone else is saying but yea, they have a plan in place otherwise this wouldn't happen. Not a huge fan of either the term or caphit on the Pearson deal but I can live with it. It's not a crazy contract by any means. He brings a lot to the table when his and his teammates game is on. I haven't seen much of that this year.

[AK_19]

OP here. To the comments about Ferland, I'm already assuming he's on LTIR to be favourable to Benning. We're that tight WITH him on LTIR.

[CR7]

So buy out Loui, that clears up an extra 2 mill, or bury him for 1.075M. Seattle has to pick someone off our roster, that will likely clear some cap space. Not too worried

[Fanuck]

Like others, I find this signing - both term/$ - somewhat curious given the current financial climate of the both the league and the team itself. 

 

Wondering of JB and the other GM's have knowledge about the salary cap and what it is projected to look like post-COVID?  Could the recently announced TV agreement with Disney/ESPN - and what that will do the the NHL bottom line - have reassured JB that this contract is easily absorbed and doesn't put any undue pressure on the rest of the signings the team needs to make this off-season and beyond? 

[Chris12345]

3 hours ago, IBatch said:

Don't forget Ferland will either fill a spot because he's healthy, or his money will be added.   And that one player is going to Seattle which should take 1-6 million off the books too.  The 17 goes up to 22-26 then.   

Question on Ferland/injuries.

 

Can the Canucks make a decision on him in July? I'm not sure the money opens up until October so it's almost like a black hole?

[kanucks25]

7 hours ago, DarkIndianRises said:

Were these same people “confused” when we decided to proceed forward with Demko instead of Markstrom?   Or when we acquired Nate Schmidt for a 3rd?

 

I look forward to the “confused” reactions of many people when they see what our opening night roster looks like sometime in October 2022.  

Not sure if there was a thread that addressed our goaltending but there was one for Schmidt.

 

Mostly positive, as it should be.

 

Your point?

[204CanucksFan]

7 hours ago, kanucks25 said:

Do people here realize that only a portion of the Canucks fan base supports these dumbs moves whereas the majority (aka the other portion of Canucks fans + the rest of the hockey world) is either very confused or just laughs at our misfortune...

 

 

(just a small example)

Are these the same fans and pundits that thought Calgary had one of the best offseasons by locking up potential Vezina candidate Markström to 6x6 and top 4 shutdown damn Tanev to 4x4.5? Just curious.