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[Signing] Canucks sign Jaroslav Halak


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On 7/30/2021 at 5:48 AM, Master Mind said:

Some people can't handle the truth.

 

Then when they resort to personal attacks, that's a clear sign they don't have a valid argument...

Insults are the arguments employed by those in the wrong 

 

JJR 

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3 hours ago, Spoosh said:

This thread is proving that the time for my summer hiatus from CDC is closing in. 
 

All relevant discussion has by the looks of it been finalized and what’s left is insult after another on fellow fans.
You reading this - don’t take it personally. It has been like this here for over 15 years but it feels just as silly every year. It starts 2-3 days after UFA begins and stays that eay until camp.

Oh, I've only been here for 13 years. I thought summer insults were mandatory?

 

 

Nincompoop. 

 

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1 hour ago, AV. said:

Even though it would leak into next year's cap structure, I would like Halak to meet his performance-based goals (well, 0.919% instead of 0.920% is fine :P)

 

Would much rather have us pay for good performances than have dead cap and underperformances like we're normally used to from some players.

Honestly, I just want the team to do good for a change, something that all fans can be happy about. It's just far too often that people become bitter, having waited so long for playoff successes. If Halak can do the job, then it's a great deal.

 

I think the 2020 team was so good for the team and core players, but it was too bad that COVID happened. Hopefully fans can see each other in person and cheer for the same jersey.

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23 hours ago, aGENT said:

Do we know we'll be in LTIR? My napkin math shows about $18m left (once obvious players are waived) with only Juolevi (~$1m), Pettersson/Hughes(~$13m) and Dickinson (~$2.5-$3m) to sign while also accounting for Ferland.

 

That leaves enough for recalls and to bank cap space to either use at the TDL or cover some, or potentially all (depending on how much space they bank) of Halak's bonuses.

 

With Abbotsford so near maybe they operate with a roster of 20 or 21 players and just bring up guys for road trips.  They can even demote players on days off to bank even more cap space.  There was a year where they kept Dorsett on IR rather than use LTIR.

 

I am guessing about 17M for Dickinson, Pettersson and Hughes and going with a roster of 21.  CapFriendly shows 14M with a roster of 22.  Hunt and Juolevi are give or take within 200K.  Demoting 4 forwards at circa 750K adds 3M so 17M for the 3.

 

If they want to cover Halak's bonus entirely they need to bank 1.5M by season's end.  It's the equivalent of operating all season 1.5M under the cap, although they could also do 3M under for half the season and at the cap for the other half.  There's no interest and the bonus is paid in full at the end of the season.

 

If they bank steadily it leaves about 15.5M for remaining signings but if their banking fluctuates (ie where they have days where they are closer to the cap, like on the road, to then be much lower at home) they might need to be below the cap by a bit more than that. 

 

It might be too tight to cover the bonuses but it could be useful to add at the deadline. Avoiding LTIR does give more flexibility.

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1 hour ago, mll said:

 

With Abbotsford so near maybe they operate with a roster of 20 or 21 players and just bring up guys for road trips.  They can even demote players on days off to bank even more cap space.  There was a year where they kept Dorsett on IR rather than use LTIR.

 

I am guessing about 17M for Dickinson, Pettersson and Hughes and going with a roster of 21.  CapFriendly shows 14M with a roster of 22.  Hunt and Juolevi are give or take within 200K.  Demoting 4 forwards at circa 750K adds 3M so 17M for the 3.

 

If they want to cover Halak's bonus entirely they need to bank 1.5M by season's end.  It's the equivalent of operating all season 1.5M under the cap, although they could also do 3M under for half the season and at the cap for the other half.  There's no interest and the bonus is paid in full at the end of the season.

 

If they bank steadily it leaves about 15.5M for remaining signings but if their banking fluctuates (ie where they have days where they are closer to the cap, like on the road, to then be much lower at home) they might need to be below the cap by a bit more than that. 

 

It might be too tight to cover the bonuses but it could be useful to add at the deadline. Avoiding LTIR does give more flexibility.

How does the LTIR for Ferland work? Before the season, we would be accounting for his cap, but then during the season, would we still have the 3.5 mill to use as bankable space, at least temporarily?

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5 minutes ago, Dazzle said:

How does the LTIR for Ferland work? Before the season, we would be accounting for his cap, but then during the season, would we still have the 3.5 mill to use as bankable space, at least temporarily?

There's no bankable cap space in LTIR.   

 

LTIR is a mechanism that allows a team to exceed the maximum cap of 81.5M up to the cap hit of the player on LTIR - ie here 85M.  The amount they exceed the cap by will fluctuate daily based on the needs. The regular roster still has to be under 81.5M.   It doesn't create bankable cap space.  

 

If the regular roster for the day is 80M, then the team can exceed the cap by 2M as that's the amount they need to remain cap compliant.   If they are at 81M, then they'll exceed the cap by 3M.  Etc.  Any unused space to the 85M is forfeited because it's LTIR cap space.

 

Without LTIR, if the regular roster is 80M - the 1.5M daily pro-rata can be banked as it's cap space that isn't being used.  That's not possible in LTIR because they are exceeding the cap although Ferland can't play.  It's the reason why teams try and avoid LTIR.  

 

LTIR costs cap space.  Teams in LTIR hardly use up all the 81.5M they have allocated as they forfeit any unused LTIR space, while without the LTIR contract that space would be banked for future use.  

 

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7 minutes ago, mll said:

There's no bankable cap space in LTIR.   

 

LTIR is a mechanism that allows a team to exceed the maximum cap of 81.5M up to the cap hit of the player on LTIR - ie here 85M.  The amount they exceed the cap by will fluctuate daily based on the needs. The regular roster still has to be under 81.5M.   It doesn't create bankable cap space.  

 

If the regular roster for the day is 80M, then the team can exceed the cap by 2M as that's the amount they need to remain cap compliant.   If they are at 81M, then they'll exceed the cap by 3M.  Etc.  Any unused space to the 85M is forfeited because it's LTIR cap space.

 

Without LTIR, if the regular roster is 80M - the 1.5M daily pro-rata can be banked as it's cap space that isn't being used.  That's not possible in LTIR because they are exceeding the cap although Ferland can't play.  It's the reason why teams try and avoid LTIR.  

 

LTIR costs cap space.  Teams in LTIR hardly use up all the 81.5M they have allocated as they forfeit any unused LTIR space, while without the LTIR contract that space would be banked for future use.  

 

Much appreciated for this clarification. I don't understand why some teams choose to take on LTIR (as in Tampa), and why our LTIR is useless.

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7 minutes ago, Dazzle said:

Much appreciated for this clarification. I don't understand why some teams choose to take on LTIR (as in Tampa), and why our LTIR is useless.

 

Seabrook is a negative but it lowered the cost to trade Johnson.   The Paquette/Coburn trade for Nilsson/Gaborik's LTIR was also Tampa taking a negative back.

 

In 2019, Brisebois traded Callahan's 5.8M LTIR contract and a 5th round pick for Mike Condon (2.4M cap hit) and a 6th round pick.  Condon never played for Tampa and spent all season in the AHL/ECHL.  They figured they would be better off with Condon's 1.3M buried cap hit on their books than to have Callahan's LTIR contract.  Brisebois explained that they didn't want to operate in LTIR because they wanted to bank cap space and avoid bonus overages.  

 

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On 7/30/2021 at 5:27 PM, mll said:

Halak's bonus will be entirely accounted for in 2022/23.  Ferland's LTIR doesn't allow Vancouver to bank cap space which prevents them from absorbing any bonus this season.

 

LTIR only gives the daily room needed to remain cap compliant on the day.  They basically forfeit any cap balance that they aren't using, while without LTIR that cap space would be set aside and could be used to pay the bonuses.  As long as they are in LTIR it's not an option and the bonuses are always accounted for the season after.

However, if we bring Podkolzin and Hoglander in as replacements after Ferland is moved to LTIR then won't their entire cap hits plus their performance bonuses count against the cap this season (i.e. $1.775m for Podz and $1.125m for Hogs)? That would mean that we wouldn't have to pay their bonuses as overages next season right?

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On 8/1/2021 at 5:53 AM, BigTramFan said:

However, if we bring Podkolzin and Hoglander in as replacements after Ferland is moved to LTIR then won't their entire cap hits plus their performance bonuses count against the cap this season (i.e. $1.775m for Podz and $1.125m for Hogs)? That would mean that we wouldn't have to pay their bonuses as overages next season right?

 

No - they can't cover the bonuses with an LTIR contract on their books.  Doesn't matter whether the player started the season on the roster or not.

 

Höglander was brought up after Ferland went on LTIR, and although his recall cap hit increased by his 233K performance bonus, all his performance bonus is being carried over into this 2021/22 season.  He earned less than his 233K target that was part of his recall cap hit, but none of it could be covered this past season.

 

There's no banked cap space in LTIR.  IE there's no residual cap space left at the end of the season to pay the bonuses, regardless of whether the player was on the roster to open the season or recalled after.

Only cap space below 81.5M can be banked and when a team uses LTIR they are exceeding 81.5M.  Even if they don't need all of Ferland's 3.5M for the day, they forfeit the rest.

 

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Good on JB getting who Clark wants, he's the man we have to remember to keep happy. I hope he plays at least 20 games because we don't want to wear out Demko, this is about to be his first full season as an NHL starter with a completely revamped D so let's hope Halak can take some of the pressure off him.

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On 8/2/2021 at 10:21 AM, mll said:

 

No - they can't cover the bonuses with an LTIR contract on their books.  Doesn't matter whether the player started the season on the roster or not.

 

Höglander was brought up after Ferland went on LTIR, and although his recall cap hit increased by his 233K performance bonus, all his performance bonus is being carried over into this 2021/22 season.  He earned less than his 233K target that was part of his recall cap hit, but none of it could be covered this past season.

 

There's no banked cap space in LTIR.  IE there's no residual cap space left at the end of the season to pay the bonuses, regardless of whether the player was on the roster to open the season or recalled after.

Only cap space below 81.5M can be banked and when a team uses LTIR they are exceeding 81.5M.  Even if they don't need all of Ferland's 3.5M for the day, they forfeit the rest.

 

We could probably go down to a 20 man roster and be at less than 81.5 for home games, call up day of (if needed) with the AHL team so close. Would need to dip into LTIR to go to 23 for the road games though.

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38 minutes ago, MattJVD said:

We could probably go down to a 20 man roster and be at less than 81.5 for home games, call up day of (if needed) with the AHL team so close. Would need to dip into LTIR to go to 23 for the road games though.

Long road trip, bring at least one forward and one d.

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