shiznak Posted June 16, 2023 Share Posted June 16, 2023 1 minute ago, Angry Goose said: imo, the only way to balance something like this out is to have an elite and cheap player or two on the team. i wonder if we see another blockbuster Goodbye 11th overall pick. 2 1 1 1 Link to comment Share on other sites More sharing options...
J-Dizzle Posted June 16, 2023 Share Posted June 16, 2023 9 minutes ago, LucBourdon28 said: I agree it's foolish to think that 2mil a year as dead cap is irrelevant It is definitely not irrelevant, but it’s also not necessarily crippling. Link to comment Share on other sites More sharing options...
BC_Hawk Posted June 16, 2023 Share Posted June 16, 2023 3 minutes ago, HKSR said: Likely after the bonus is paid out. Thing is, there's no rush to do so anymore. Why was there before? Link to comment Share on other sites More sharing options...
Jaimito Posted June 16, 2023 Share Posted June 16, 2023 6 minutes ago, -Vintage Canuck- said: Official: Vancouver, B.C. - Vancouver Canucks General Manager Patrik Allvin announced today that the club has bought out defenceman Oliver Ekman-Larsson. "We would like to thank Oliver for the time he spent in Vancouver," said Allvin. "The business of hockey is very complex and tough decisions have to be made if you want to remain competitive. Buying out Oliver gives us a lot more flexibility and cap space the next couple of years and significantly reduces his hit in the subsequent seasons. It is our expectation that following this year, the cap will also raise considerably making this the right time to execute this buyout. Our organization is committed to do whatever it needs to do to improve, get better on and off the ice, and move forward in a positive direction." NHL teams are allowed to buyout a player's contract to obtain a reduced salary cap hit over a period of twice the remaining length of contract and in Ekman-Larsson's case, the overall remaining total of that spend is valued at two-thirds of his deal. With $29,000,000 salary remaining, the buyout spans eight years, at a cost of $19,333,333 and a savings of $9,666,667. If the club had retained Ekman-Larsson's services, he would have been paid at total of $18,500,000 over the next two years alone. The 31-year-old Ekman-Larsson was acquired by the Canucks from the Arizona Coyotes two summers ago on July 23, 2021. That deal also saw Conor Garland moved to Vancouver in exchange for Jay Beagle, Loui Eriksson, Antoine Roussel, a 2021 first-round draft pick (Dylan Guenther), a 2022 second-round pick and a 2023 seventh-round pick. This transaction included the Coyotes retaining 12 percent of Ekman-Larsson's salary. As a result, the remaining costs and current cap hit are split between each team based on the percentage of salary retained by the respective clubs. In two seasons with the Canucks, Ekman-Larsson appeared in 133 games, registering seven goals and 44 assists, for a total of 51 points. The 13-year NHL veteran finished his second and final season in Vancouver on injured reserve, missing the final 27 games of the year with an ankle injury. 1 Link to comment Share on other sites More sharing options...
Petey Castiglione Posted June 16, 2023 Share Posted June 16, 2023 I am passed the shocked phased and am now in the new shiny things phase. We all have our wish list. 1 Link to comment Share on other sites More sharing options...
Angry Goose Posted June 16, 2023 Share Posted June 16, 2023 1 minute ago, Junkyard Dog said: If anything the off-season will be more interesting. hoo boy Link to comment Share on other sites More sharing options...
Canucks Curse Posted June 16, 2023 Share Posted June 16, 2023 YESSSSSSSSSSSSSS Link to comment Share on other sites More sharing options...
Dr. Crossbar Posted June 16, 2023 Share Posted June 16, 2023 2 minutes ago, Jaimito said: They did it. I don't really care except what end point they get to. The team was in a mess when they came in, and haven't improved much if at all. Now they promised major surgery and so let's see how it goes. Can't judge the outcome while the surgery is in progress. Playoffs in 3, cup in 6 yrs. I can wait. Good point, the end game is the same for me. This management stood pat in it's first year due to the Bruce success. They wasted a year. We're seeing the surgery in real time. They've been pretty aggressive ever since. I'm like ... giddyup ... let's get it done! Link to comment Share on other sites More sharing options...
Angry Goose Posted June 16, 2023 Share Posted June 16, 2023 Just now, shiznak said: Goodbye 11th overall pick. certainly possible, that’s for sure. any ideas lol? Link to comment Share on other sites More sharing options...
PhillipBlunt Posted June 16, 2023 Share Posted June 16, 2023 6 minutes ago, -Vintage Canuck- said: Patrik Allvin: "We would like to thank Oliver for the time he spent in Vancouver. The business of hockey is very complex and tough decisions have to be made if you want to remain competitive. Buying out Oliver gives us a lot more flexibility and cap space the next couple of years and significantly reduces his hit in the subsequent seasons. It is our expectation that following this year, the cap will also raise considerably making this the right time to execute this buyout. Our organization is committed to do whatever it needs to do to improve, get better on and off the ice, and move forward in a positive direction." With this move, I believe him. Well done, Patrik. Well done. Link to comment Share on other sites More sharing options...
J-Dizzle Posted June 16, 2023 Share Posted June 16, 2023 Just now, shiznak said: Goodbye 11th overall pick. I sure hope not…. BUT I do think this management likely wants to build around the core that is now in place. Could make for a pretty interesting summer. Link to comment Share on other sites More sharing options...
24K PureCool Posted June 16, 2023 Share Posted June 16, 2023 13 minutes ago, N7Nucks said: This buyout makes sense. IF WE WERE COMMITTING TO A REBUILD. Another decade of mediocrity. I can feel it. Dude, this move makes no sense if committed to a rebuild. Why would anyone buyout a bad player when the goal is to suck. Link to comment Share on other sites More sharing options...
BC_Hawk Posted June 16, 2023 Share Posted June 16, 2023 1 minute ago, Canuck You said: People act like our core players are going to be young forever!..Now the time, Add the right pieces and we are right there. Got some cap space now..I can careless what happens in 8 yrs but let's get one soon. So we just freed up ~5m; whom can we sign that will allow us to win now for 5m?? We are NOT Las Vegas. Link to comment Share on other sites More sharing options...
shiznak Posted June 16, 2023 Share Posted June 16, 2023 Just now, Angry Goose said: certainly possible, that’s for sure. any ideas lol? Some guy out of New York. Link to comment Share on other sites More sharing options...
King Heffy Posted June 16, 2023 Share Posted June 16, 2023 1 minute ago, Petey Castiglione said: I am passed the shocked phased and am now in the new shiny things phase. We all have our wish list. Rehire Burke as president is #1 on mine. 1 Link to comment Share on other sites More sharing options...
Canucks Curse Posted June 16, 2023 Share Posted June 16, 2023 they will sign Graves and Mayfield and a 3C and possibly barbashev if they can more Beauvillier or Myers Link to comment Share on other sites More sharing options...
grandmaster Posted June 16, 2023 Share Posted June 16, 2023 5 minutes ago, HKSR said: The thing is, once Myers is gone, we OFFICIALLY have TWO top 4 defencemen under contract. Hughes and Hronek. That's it. We are now on the hunt for two top 4 defencemen. Myers and OEL were never top 4 defenders in any sense at this stage. Our defence is likely improved with just even AHL players playing in OEL and Myers spot. Good riddance. One more to go…. 2 Link to comment Share on other sites More sharing options...
aGENT Posted June 16, 2023 Share Posted June 16, 2023 I've said all along, only way he gets bought out, is if management thinks his ankle is going to be a major/lingering issue moving forward. Guess I got my answer. 1 1 Link to comment Share on other sites More sharing options...
Angry Goose Posted June 16, 2023 Share Posted June 16, 2023 Just now, shiznak said: Some guy out of New York. Motte? 2 Link to comment Share on other sites More sharing options...
Nuxfanabroad Posted June 16, 2023 Share Posted June 16, 2023 Glad they decided to bite the bullet. Onerously Exorbitant Lump HAD to go. If the Minny Mild can take such a tragic hit, we should be able to work around(approx) 35% of their measured grief. Link to comment Share on other sites More sharing options...
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