Canucks Contracts

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Re: Canucks Contracts

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RoyalDude wrote: Wed Jun 26, 2019 6:56 am
micky107 wrote: Wed Jun 26, 2019 1:29 am
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Re: Canucks Contracts

Post by BladesofSteel »

Luongo has tweeted he’s opted to retire
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Re: Canucks Contracts

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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.
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Re: Canucks Contracts

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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.
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Re: Canucks Contracts

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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.
You could have a cocktail party over his screwing in Vancouver.
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Re: Canucks Contracts

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Re: Canucks Contracts

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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.

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Re: Canucks Contracts

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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.

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It’s all Gillis fault, Doc

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Re: Canucks Contracts

Post 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. :D
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Re: Canucks Contracts

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#itsallgillisfault
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Re: Canucks Contracts

Post 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.
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Re: Canucks Contracts

Post 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.
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Re: Canucks Contracts

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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.
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Re: Canucks Contracts

Post 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.

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Re: Canucks Contracts

Post 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.
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