Around the league (signings, RFAs injuries)

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ESQ
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Re: Around the league (signings, RFAs injuries)

Post by ESQ » Wed Jul 17, 2019 6:18 pm

Meds wrote:
Wed Jul 17, 2019 4:07 pm
Blob Mckenzie wrote:
Wed Jul 17, 2019 3:48 pm
This mutual termination seems a bit dodgy.

What player has done this before?

I’m sure Bettman will find a way to punish Vancouver
Yeah, I feel like if there was a way to mutually terminate a contract and simply re-sign with another team then Gillis and Luongo would have done just that, or Benning would have traded a 7th to Florida for Louie and a 6th and then done the same.

The only path to mutual termination is a player's retirement.
Luongo was in a special category because of the amendments to the CBA to introduce the Luongo Rule.

Also, Luongo was still owed a shit-ton of money on his contract, which is why he wouldn't have mutually terminated. Versus Loui, who is only owed $3 mil per season for 3 years of hockey potentially riding the bus in Utica.

But Capgeek clarified what mutual termination actually means, and why it generally can't happen to a player (like Luongo) with an NMC:
We'd like to clarify a point from our previous tweet in which we refer to Berglund's contract termination as being "mutual", based on info we've received.

Contract termination is almost never mutual, in that the player is not required to sign-off on his own termination.

Unconditional waiver placements are almost always the result of a breach of contract (in this case, failing to report).

The club would then send the player & his agent a letter to inform them the contract will be terminated if the player does not report by a certain date.

At this point the player is aware that if he does not report by a certain date, the club will place him on unconditional waivers for the purpose of termination.

The player then takes the decision to either report to the club or accept that his contract will be terminated.

However, once the player clears waivers, and the club has officially terminated the contract, the player and his agent can challenge the violation outlined by the club for breach of contract, as well as the right to file a grievance with the players association.
So the process is Loui is demoted, refuses to report to Utica, is given formal notice that fail to report is a material breach, then he's placed on unconditional waivers.

WIth that Jake Dotchin guy, who was supposedly too fat for the Lightning last year, his RFA contract was mutually terminated and he became a UFA. He signed with the Ducks the same year. To my knowledge he's the only "mutual termination" (which is more accurately "termination for material breach") player to re-sign within the NHL after the termination.

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Hockey Widow
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Re: Around the league (signings, RFAs injuries)

Post by Hockey Widow » Wed Jul 17, 2019 9:39 pm

What about that LA guy who got caught with all the oxi coming across the boarder. LA lost that one no?
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Re: Around the league (signings, RFAs injuries)

Post by ESQ » Wed Jul 17, 2019 10:06 pm

Hockey Widow wrote:
Wed Jul 17, 2019 9:39 pm
What about that LA guy who got caught with all the oxi coming across the boarder. LA lost that one no?
Richards never played again, LA paid him something still owed on his contract to settle the PA's grievance, and the Kings had a greatly reduced cap recapture hit - which expires this year, actually.

The Kings problem was terminating against Richards' wishes, and without going through the substance abuse protocol. Its costing the Kings money until 2031, though the cap hit is over in 2020.
https://thehockeynews.com/news/article/ ... il-2031-32

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Re: Around the league (signings, RFAs injuries)

Post by micky107 » Thu Jul 18, 2019 12:09 am

From the link Esq provided;
We'd like to clarify a point from our previous tweet in which we refer to Berglund's contract termination as being "mutual", based on info we've received.

Contract termination is almost never mutual, in that the player is not required to sign-off on his own termination.
What if he agrees to sign-off? Does that not indicate both parties can move on?
That would be great, LOL
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Re: Around the league (signings, RFAs injuries)

Post by micky107 » Thu Jul 18, 2019 10:43 am

.
Ron Francis officially signs to be Seattle's first ever GM./July 18. 2019...
https://twitter.com/NHLSeattle_/status/ ... 7882622976
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Re: Around the league (signings, RFAs injuries)

Post by Strangelove » Thu Jul 18, 2019 7:07 pm

ESQ wrote:
Wed Jul 17, 2019 10:06 pm
Richards never played again, LA paid him something still owed on his contract to settle the PA's grievance, and the Kings had a greatly reduced cap recapture hit - which expires this year, actually.
Mike Richards' cap recapture penalty was not reduced.

Twas the cost of a normal buyout that was reduced.

https://www.sportsnet.ca/hockey/nhl/sal ... ettlement/

It's important to note that cap recapture penalties are never reduced or eliminated.

I corrected Rikster the other day when he said something similar about Kovalchuk's recapture penalty.

If a recapture-eligible player has his contract terminated or he retires (non-LTIR)

... the full recapture penalty is applied in all circumstances.
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Re: Around the league (signings, RFAs injuries)

Post by ESQ » Thu Jul 18, 2019 9:04 pm

Strangelove wrote:
Thu Jul 18, 2019 7:07 pm
ESQ wrote:
Wed Jul 17, 2019 10:06 pm
Richards never played again, LA paid him something still owed on his contract to settle the PA's grievance, and the Kings had a greatly reduced cap recapture hit - which expires this year, actually.
Mike Richards' cap recapture penalty was not reduced.

Twas the cost of a normal buyout that was reduced.

https://www.sportsnet.ca/hockey/nhl/sal ... ettlement/

It's important to note that cap recapture penalties are never reduced or eliminated.

I corrected Rikster the other day when he said something similar about Kovalchuk's recapture penalty.

If a recapture-eligible player has his contract terminated or he retires (non-LTIR)

... the full recapture penalty is applied in all circumstances.
I defer to you, I assumed it was reduced because the cap hit is so low, but the Richards contract was pyramid shaped instead of front-loaded, which greatly reduced the cap recapture.

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Re: Around the league (signings, RFAs injuries)

Post by Strangelove » Thu Jul 18, 2019 9:51 pm

ESQ wrote:
Thu Jul 18, 2019 9:04 pm
I defer to you, I assumed it was reduced because the cap hit is so low, but the Richards contract was pyramid shaped instead of front-loaded, which greatly reduced the cap recapture.
Yeah, if you look at the Richards contract, you'll see the math works:

https://www.capfriendly.com/players/mike-richards

Up until the termination in 2015-16 Kings benefited ~ $6.75M

... so penalty is $6.75M divided by the 5 years left on contract

... equals ~ $1.35M per year for 5 years.

If you go to the Kings page at capfriendly you'll see Kings get hit with that in this, year 5.

You'll also see the Termination penalty separated from the Recapture penalty.

And that the Termination penalty goes on and on and on.

Friedman had the two penalties combined in the link I gave in my previous post.
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Re: Around the league (signings, RFAs injuries)

Post by micky107 » Thu Jul 18, 2019 11:35 pm

.
CHECKERS SIGN DEREK SHEPPARD, HUNTER SHINKARUK AND COLIN MARKISON TO AHL DEALS
Written by Nicholas Niedzielski
Published: July 18, 2019
http://gocheckers.com/articles/transact ... -ahl-deals

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Re: Around the league (signings, RFAs injuries)

Post by micky107 » Fri Jul 19, 2019 12:43 pm

I have a possible trade to announce.....
Tweet
Conversation

Nick Kypreos
@RealKyper
Milan Lucic days as a
@EdmontonOilers
are over. With Lucic waving his no move clause it opens up the trade to
@NHLFlames
. At this point sounding like a 1 for 1 trade for James Neal.
@NHL
12:33 PM · Jul 19, 2019 ·
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Re: Around the league (signings, RFAs injuries)

Post by SKYO » Fri Jul 19, 2019 12:44 pm

LUCIC for NEAL trade :shock:
Kypper:

Milan Lucic days as a @EdmontonOilers
are over. With Lucic waving his no move clause it opens up the trade to @NHLFlames.

At this point sounding like a 1 for 1 trade for James Neal. @NHL
@GenePrincipe

Got a tip trying to 100% verify but I'm being told
@NHLFlames have traded James Neal to @EdmontonOilers
for @27MilanLucic


. May be other players involved. If I'm wrong my apologies to Neal/Lucic and the teams..
Eric Francis:
·

Can confirm deal to send James Neal to Edm for Milan Lucic isn’t done yet, but is close.

Oilers would include a conditional draft pick and retain some of Lucic’s salary when its completed
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Re: Around the league (signings, RFAs injuries)

Post by SKYO » Fri Jul 19, 2019 1:04 pm

NYR re-sign TROUBA.
CapFriendly:

NY #Rangers sign Jacob Trouba

7 years at $8,000,000 AAV ($56,000,000 Total Value)
Last edited by SKYO on Fri Jul 19, 2019 1:04 pm, edited 1 time in total.
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Re: Around the league (signings, RFAs injuries)

Post by Meds » Fri Jul 19, 2019 1:04 pm

This one is a head scratcher.

Neal has 4 years left at $5.75M. Looch has 4 years left at $6M.

Neal stands a better chance of keeping up with Edmonton's top-6 forwards in terms of speed, but that's about it.

I feel like Calgary is making out like gangbusters here. They get stronger, scarier (in the scrums), and are managing to get Edmonton to retain salary AND pay them a pick!

I thought Ken Holland was supposed to right the ship.....not take the final masthead below the waves with his first course correction.

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Re: Around the league (signings, RFAs injuries)

Post by SKYO » Fri Jul 19, 2019 1:15 pm

Meds wrote:
Fri Jul 19, 2019 1:04 pm
This one is a head scratcher.

Neal has 4 years left at $5.75M. Looch has 4 years left at $6M.

Neal stands a better chance of keeping up with Edmonton's top-6 forwards in terms of speed, but that's about it.

I feel like Calgary is making out like gangbusters here. They get stronger, scarier (in the scrums), and are managing to get Edmonton to retain salary AND pay them a pick!

I thought Ken Holland was supposed to right the ship.....not take the final masthead below the waves with his first course correction.
I think the opposite, I wonder if Calpuck is having a meltdown acquiring the slower Lucic, while Neal has more rebound opportunity to score again.
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Re: Around the league (signings, RFAs injuries)

Post by BCExpat » Fri Jul 19, 2019 1:18 pm

SKYO wrote:
Fri Jul 19, 2019 1:15 pm
Meds wrote:
Fri Jul 19, 2019 1:04 pm
This one is a head scratcher.

Neal has 4 years left at $5.75M. Looch has 4 years left at $6M.

Neal stands a better chance of keeping up with Edmonton's top-6 forwards in terms of speed, but that's about it.

I feel like Calgary is making out like gangbusters here. They get stronger, scarier (in the scrums), and are managing to get Edmonton to retain salary AND pay them a pick!

I thought Ken Holland was supposed to right the ship.....not take the final masthead below the waves with his first course correction.
I think the opposite, I wonder if Calpuck is having a meltdown acquiring the slower Lucic, while Neal has more rebound opportunity to score again.
I agree - this isn't a good deal for Calgary. There had better be more to it than just Lucic for Neal. Salary retention by Edmonton and a decent draft pick at least. Otherwise, Treliving has shit the bed on this one.
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