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Re: Canucks Contracts
Posted: Wed Jun 26, 2019 12:08 pm
by Strangelove
Diehard1 wrote: ↑Wed Jun 26, 2019 11:28 am
Diehard1 wrote: ↑Wed Jun 26, 2019 11:25 am
BladesofSteel wrote: ↑Wed Jun 26, 2019 11:07 am
Luongo has tweeted he’s opted to retire
Yep just saw that, good for him to retire, bad for the Nucks to get stuck with a cap hit for an arbitrary rule that Bettman brought in because he's a small, small man.
That said, the cap hit is only $2.2 million as the retained salary of $800k is gone. Not as big a deal.
To add to this, sounds like Lu helped out Florida by retiring as they save $3.6 million in salary plus only have to deal with a $1.1 million recapture penalty versus $5.7 on a LTIR hit. Lu helps out Florida and screws the Nucks at the same time, sounds like him.
Don't blame Lou, blame Gillis.
Thought Dude?
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 12:17 pm
by Chef Boi RD
Strangelove wrote: ↑Wed Jun 26, 2019 12:08 pm
Diehard1 wrote: ↑Wed Jun 26, 2019 11:28 am
Diehard1 wrote: ↑Wed Jun 26, 2019 11:25 am
BladesofSteel wrote: ↑Wed Jun 26, 2019 11:07 am
Luongo has tweeted he’s opted to retire
Yep just saw that, good for him to retire, bad for the Nucks to get stuck with a cap hit for an arbitrary rule that Bettman brought in because he's a small, small man.
That said, the cap hit is only $2.2 million as the retained salary of $800k is gone. Not as big a deal.
To add to this, sounds like Lu helped out Florida by retiring as they save $3.6 million in salary plus only have to deal with a $1.1 million recapture penalty versus $5.7 on a LTIR hit. Lu helps out Florida and screws the Nucks at the same time, sounds like him.
Don't blame Lou, blame Gillis.
Thought Dude?
It’s all Gillis fault, Doc
Reefer, your thoughts?
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 12:22 pm
by Diehard1
RoyalDude wrote: ↑Wed Jun 26, 2019 12:17 pm
Strangelove wrote: ↑Wed Jun 26, 2019 12:08 pm
Diehard1 wrote: ↑Wed Jun 26, 2019 11:28 am
Diehard1 wrote: ↑Wed Jun 26, 2019 11:25 am
BladesofSteel wrote: ↑Wed Jun 26, 2019 11:07 am
Luongo has tweeted he’s opted to retire
Yep just saw that, good for him to retire, bad for the Nucks to get stuck with a cap hit for an arbitrary rule that Bettman brought in because he's a small, small man.
That said, the cap hit is only $2.2 million as the retained salary of $800k is gone. Not as big a deal.
To add to this, sounds like Lu helped out Florida by retiring as they save $3.6 million in salary plus only have to deal with a $1.1 million recapture penalty versus $5.7 on a LTIR hit. Lu helps out Florida and screws the Nucks at the same time, sounds like him.
Don't blame Lou, blame Gillis.
Thought Dude?
It’s all Gillis fault, Doc
Reefer, your thoughts?
Gillis' fault, I agree.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 12:29 pm
by 2Fingers
#itsallgillisfault
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:03 pm
by Hockey Widow
Well at least we know now. We can also now retain in three salaries as we no longer retain on his.
I wonder if the Canucks will try to make the case, given how he worded his letter, that he is medically unable to play. The league freaking owes us.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:09 pm
by DonCherry4PM
Thank God cap space doesn't matter in a rebuild.
Hence, no need to blame anyone for anything.
Not sure how Gillis should be blamed for outsmarting the rulemakers.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:17 pm
by Hockey Widow
So Luongo wanted to go on LTIR. Panthers said they would prefer he just retire as it would be cheaper for them in the long run and they wouldn’t have to work around the LTIR every year. So he said ok. If he went on LTIR they’d be on the hook for his full salary less our retention and only get relief if they were up at the cap ceiling. So they are using retirement to circumvent the cap no?
I’m really wondering now if the Canucks will seek a medical opinion on this. Read his letter and he talks about how his body just can’t do it anymore and how the double hip surgery makes it so he has to spend copious amounts of time just to prepare.
But 2.2 we can absorb.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:27 pm
by Strangelove
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Thank God cap space doesn't matter in a rebuild.
As already explained, that aspect disappears in 2021.
(this hit goes one year beyond that)
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Not sure how Gillis should be blamed for outsmarting the rulemakers.
Yeahno, the rulemakers outsmarted Gillis with the so-called Luongo Rule.
"He who laughs last laughs best."
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:33 pm
by Diehard1
Hockey Widow wrote: ↑Wed Jun 26, 2019 1:17 pm
So Luongo wanted to go on LTIR. Panthers said they would prefer he just retire as it would be cheaper for them in the long run and they wouldn’t have to work around the LTIR every year. So he said ok. If he went on LTIR they’d be on the hook for his full salary less our retention and only get relief if they were up at the cap ceiling. So they are using retirement to circumvent the cap no?
I’m really wondering now if the Canucks will seek a medical opinion on this. Read his letter and he talks about how his body just can’t do it anymore and how the double hip surgery makes it so he has to spend copious amounts of time just to prepare.
But 2.2 we can absorb.
Yep I don't think it's a huge deal, it's a bit less than 3% of our cap space so shouldn't be an issue for the next couple of years anyway. In year 3 perhaps it is given the Quinn and Petey contracts, but keeping in mind Podz should be here then playing on his ELC along with hopefully Hoglander and a couple of other kids it should be fine. Jimbo (or the next GM) have plenty of time to prepare regardless.
Now just need to get rid of Loui and it should help, could get rid of my boy Sutter too if needed. There's still ample cap room but I suspect Jimbo uses a ton of it on July 1st - hopefully he doesn't hamstring the team for years to come.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:42 pm
by Blob Mckenzie
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Thank God cap space doesn't matter in a rebuild.
Depends what time of day it is and how it fits the narrative.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:46 pm
by Richardstroker69
Strangelove wrote: ↑Wed Jun 26, 2019 1:27 pm
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Thank God cap space doesn't matter in a rebuild.
As already explained, that aspect disappears in 2021.
(this hit goes one year beyond that)
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Not sure how Gillis should be blamed for outsmarting the rulemakers.
Yeahno, the rulemakers outsmarted Gillis with the so-called Luongo Rule.
"He who laughs last laughs best."
Question, wasn’t Gillis warned about this contract prior to pushing it through? Wasn’t there a lot of talk that these contracts were gonna get punished and Gillis did it anyway cause he’s a smug prick?
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 1:50 pm
by Strangelove
Richardstroker69 wrote: ↑Wed Jun 26, 2019 1:46 pm
Strangelove wrote: ↑Wed Jun 26, 2019 1:27 pm
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Thank God cap space doesn't matter in a rebuild.
As already explained, that aspect disappears in 2021.
(this hit goes one year beyond that)
DonCherry4PM wrote: ↑Wed Jun 26, 2019 1:09 pm
Not sure how Gillis should be blamed for outsmarting the rulemakers.
Yeahno, the rulemakers outsmarted Gillis with the so-called Luongo Rule.
"He who laughs last laughs best."
Question, wasn’t Gillis warned about this contract prior to pushing it through? Wasn’t there a lot of talk that these contracts were gonna get punished and Gillis did it anyway cause he’s a smug prick?
Truth.
Thoughts Dude?
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 2:00 pm
by Carl Yagro
Comment from another blog:
Bettman warned in no uncertain terms there were going to be ramifications for any team that front loaded deals to circumnavigate the last CBA. Gillis & team decided to ignore the warning in pursuit of a cup (good thing) & knowing any possible pay back would be kicked years down the road (bad thing).
Gillis did a lot of good things in pursuit of the cup but almost all of them were meant to push problems further down the road and all of them have come back to haunt the team in multitude of ways, this is just the latest example. Unfortunately, navigating the landmines Gillis’ short term pursuits left behind, is a job this management group does not seem savvy enough to work around.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 2:25 pm
by Zedlee
The Canucks should sue the league. Contract was
Within the rules when it was signed then the league retroactively changed the rules. Total bullshit.
Re: Canucks Contracts
Posted: Wed Jun 26, 2019 2:30 pm
by Cousin Strawberry
