therodigy Posted July 27, 2021 Share Posted July 27, 2021 Just now, DrJockitch said: So for last years mistakes we now have 2.5M In dead cap space next year. Sounds about right... however Luongo's cap recapture penalty will be complete, so it about events out. Not that it's a good thing, but the Canucks have been playing with a consistent $3 - 5 million dollar handicap on top of the redundant contracts for the past half decade. It's a vicious cycle but this is the right move. I would concede that moving Holtby was going to cost picks, likely with salary retention. You now get similar savings this year, if not more, with a buyout without forfeiting picks or other assets at the cost of a slight buyout hike. It goes without saying, though, that all of the moves JB has made over the past few weeks screams "saving his hide!" 3 Link to comment Share on other sites More sharing options...
86Viking Posted July 27, 2021 Share Posted July 27, 2021 Should have just retained salary and got a mid to late round pick for him. I absolutely hate these contracts that have lingering years of dead cap space, something I thought we would finally be past after this year....guess not! So instead of retain 2.15m the max retention and get some kind of pick we decided to buy him out and have 2.4m in dead cap space over 2 years...solid GMing I tell ya, should have just kept him around and moved him at the deadline or something and traded Schmidt for a pick to clear 5.9m Link to comment Share on other sites More sharing options...
JM_ Posted July 27, 2021 Share Posted July 27, 2021 while not ideal for sure, this does actually put us under the cap floor for the moment. I wonder if we see a long term deal for Petey later today? Link to comment Share on other sites More sharing options...
Popular Post Hogs & Podz Posted July 27, 2021 Popular Post Share Posted July 27, 2021 2 minutes ago, Darius said: Just trying to determine the reasoning here. Maybe im seeing this wrong. Another backup will cost $$ , so how big will the savings be. What is the motivation? More money for UFA? Money for EP and Hughes? Or have they just lost faith in him after last season? Probably Holtby not wanting to be a back-up. Seems that both Holtby and Schmidt haven't really jellied with the young core.... Probably also to do with covid and taxes. Anyway, not the perfect look on the outside but helping get the room all heading the same direction together. Everybody in that room needs to want to be there and battle together, for a run at the playoffs. I guess another way to look at it is, we're fortunate that Demko performed so well last year that it made Holtby expendable. He was expensive insurance but now we know we have a #1 young goaltender going forward. 5 2 Link to comment Share on other sites More sharing options...
Dazzle Posted July 27, 2021 Share Posted July 27, 2021 8 minutes ago, Darius said: Just trying to determine the reasoning here. Maybe im seeing this wrong. Another backup will cost $$ , so how big will the savings be. What is the motivation? More money for UFA? Money for EP and Hughes? Or have they just lost faith in him after last season? Maybe DiPietro will be the backup. 1 1 1 Link to comment Share on other sites More sharing options...
coryberg Posted July 27, 2021 Share Posted July 27, 2021 13 minutes ago, Odjick_fan said: I would say no one is going through arbitration so there would be no buyout window if not bought out today Dickinson and garland will file... but I doubt it gets to a hearing Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted July 27, 2021 Share Posted July 27, 2021 12 minutes ago, stawns said: Why a mess? Canucks forced to buyout Jake Virtanen because they can't find takers Canucks forced to buyout Braden Holtby because they can't trade him at the conditions they had in mind. VAN added Holtby and Schmidt last offseason, just one season later both will be gone because Canucks need the cap space. Neither Holtby nor Schmidt have been a fit. Terrible. 1 5 Link to comment Share on other sites More sharing options...
goblix Posted July 27, 2021 Share Posted July 27, 2021 7 minutes ago, DrJockitch said: So for last years mistakes we now have 2.5M In dead cap space next year. I wouldn't say Holtby was a mistake he filled the role we needed last year.. veteran insurance type backup. Virtanen... Well I mean that mistake was out of the Canucks hands they chose to keep Virtanen as an argument for asset management. Otherwise you're going to arbitration with an unknown number or letting him walk for nothing 4 minutes ago, FaninMex said: Question: Could we buy him out then resign at a lower rate? I believe a player that is bought out either cannot be resigned by the team for the duration of that buyout life time or just for a year 2 Link to comment Share on other sites More sharing options...
kanucks25 Posted July 27, 2021 Share Posted July 27, 2021 (edited) 15 minutes ago, FaninMex said: Question: Could we buy him out then resign at a lower rate? 1 minute ago, Chris12345 said: You can resign. I believe the player has to clear waivers and there is a time element. Flames did it with Stone? Edited July 27, 2021 by kanucks25 1 Link to comment Share on other sites More sharing options...
Scottish⑦Canuck Posted July 27, 2021 Share Posted July 27, 2021 Why not just retain more and take the hit this year instead of having that significant hit next year? It doesn't make sense. 1 Link to comment Share on other sites More sharing options...
-Vintage Canuck- Posted July 27, 2021 Share Posted July 27, 2021 2 1 Link to comment Share on other sites More sharing options...
Maddogy Posted July 27, 2021 Share Posted July 27, 2021 (edited) 4 minutes ago, Wolfgang Durst said: Canucks forced to buyout Jake Virtanen because they can't find takers Canucks forced to buyout Braden Holtby because they can't trade him at the conditions they had in mind. VAN added Holtby and Schmidt last offseason, just one season later both will be gone because Canucks need the cap space. Neither Holtby nor Schmidt have been a fit. Terrible. Which is why J.B. should be retained in the organization for his great hockey mind but should not be the G.M. of the team. Edited July 27, 2021 by Maddogy Link to comment Share on other sites More sharing options...
smithers joe Posted July 27, 2021 Share Posted July 27, 2021 17 minutes ago, Maddogy said: What is the point? I mean Canucks still need a backup, why not just keep him for another season? cap space.. needed about 2 mil more to sign all our fa. 1 1 Link to comment Share on other sites More sharing options...
Squamfan Posted July 27, 2021 Share Posted July 27, 2021 25 minutes ago, b3. said: Yuck - this is really not ideal. Retaining 50% and trading him for nothing would have been better but we know this administration is not the brightest. That’s two contracts that Jimbo signed last year that have been bough out. Shocked that he is still here 1 1 3 Link to comment Share on other sites More sharing options...
Scottydzik Posted July 27, 2021 Share Posted July 27, 2021 Great move save another close to 3.9 mil cap hit won’t matter next year we’ll have Loungo off books Link to comment Share on other sites More sharing options...
Popular Post Makaramel MacKhiato Posted July 27, 2021 Popular Post Share Posted July 27, 2021 If you were to tell me 2 weeks ago that Canucks would have OEL and Garland and have lost: Roussel, Eriksson, Beagle, Virtanen, and Holtby. I would've thought you were talking about the first couple days of Franchise Mode on NHL 21 2 6 2 1 Link to comment Share on other sites More sharing options...
Popular Post Mike Vanderhoek Posted July 27, 2021 Popular Post Share Posted July 27, 2021 Holtby was supposed to be selected by Seattle, it was a hunch played and a very good stop gap goaltender under contract for two years in the process who didn't have an amazing year. Given his pedigree, experience and age I was pretty certain he could be moved if needed for a mid to late pick with no retention. Buyout is not the ideal situation but it is a means to an end, the team and all 31 others can find a capable number 2 for cheaper ( which is why Vancouver never received anything of substance for Holtby ). 5 Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted July 27, 2021 Share Posted July 27, 2021 2 minutes ago, goblix said: I wouldn't say Holtby was a mistake he filled the role we needed last year.. veteran insurance type backup. Virtanen... Well I mean that mistake was out of the Canucks hands they chose to keep Virtanen as an argument for asset management. Otherwise you're going to arbitration with an unknown number or letting him walk for nothing I believe a player that is bought out either cannot be resigned by the team for the duration of that buyout life time or just for a year Holtby had an abysmal season in WSH 2019/2020. Here are Holtby's stats last season. He didn't win Canucks many games. Just saying. Look at the stats. Holtby's stats: second worst save percentage while 5v5 at 0.889 second worst goals saved above average -14.59 league worst high danger save percentage with 0.747 league worst high danger goals saved above average at -11.94 Cap hit of 4.3 M and salary due in 2021/2022 5.7M was another bad signing from Jim Benning and his team. 2 1 Link to comment Share on other sites More sharing options...
JM_ Posted July 27, 2021 Share Posted July 27, 2021 2 minutes ago, Scottish⑦Canuck said: Why not just retain more and take the hit this year instead of having that significant hit next year? It doesn't make sense. it does from a cash flow perspective. We need more space this year than next year to get all the RFA deals in place now. 1 2 1 Link to comment Share on other sites More sharing options...
goblix Posted July 27, 2021 Share Posted July 27, 2021 2 minutes ago, Wolfgang Durst said: Canucks forced to buyout Jake Virtanen because they can't find takers Canucks forced to buyout Braden Holtby because they can't trade him at the conditions they had in mind. VAN added Holtby and Schmidt last offseason, just one season later both will be gone because Canucks need the cap space. Neither Holtby nor Schmidt have been a fit. Terrible. Holtby is a fit but his contact as of right now isn't... They need the cap space so any trade that a team wanted retention was never an option.. draft picks to offload not an option as well. Schmidt case is an odd one no one really knows if it's a player style or the environment that the player was in that caused him to be a bad fit this year Link to comment Share on other sites More sharing options...
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