CanucksCorner.com Forums

Mëds wrote: ↑Fri Aug 30, 2024 12:14 pm

Blob Mckenzie wrote: ↑Fri Aug 30, 2024 8:25 am

Topper wrote: ↑Fri Aug 30, 2024 7:26 am Cap dump $11.6M Scooter Boy to Columbus



Hockey players are usually on the other side of DUI killings

If they are sending Adam Fantilli and some other good pieces that add up to 11 million per, I'd have a look. Peter is one of the best players in the NHL.

Peter who?

Topper wrote: ↑Sun Sep 01, 2024 5:43 am Does the situation in Columbus offer the leaves an out on Marner?

Chef Boi RD wrote: ↑Sun Sep 01, 2024 8:34 am If I’m Columbus I just take on the bare minimum to get to just a hover over the cap floor and sit patiently like vultures. They are a team in rebuild or just coming out of one. See what they need as the season wears on

Blob Mckenzie wrote: ↑Sun Sep 01, 2024 9:59 am

Chef Boi RD wrote: ↑Sun Sep 01, 2024 8:34 am If I’m Columbus I just take on the bare minimum to get to just a hover over the cap floor and sit patiently like vultures. They are a team in rebuild or just coming out of one. See what they need as the season wears on

Agreed. They can make the floor with a quick painless deal. Then they still have 20 million per to hit the top and take back an onerous cap hit as long as they can recoup some nice young pieces for the rebuild- blue chip prospects, good young players, high picks etc. Hell.....the high priced guy(s) they pick up might produce there and make the deal(s) that much better. It's been a minute trying to explain this to some folks; but cap space matters......always.

Hargraves is here to help the helmet heads head to Hastings.

Per wrote: ↑Sun Sep 01, 2024 8:22 am

Topper wrote: ↑Sun Sep 01, 2024 5:43 am Does the situation in Columbus offer the leaves an out on Marner?

Nah, I don’t think they would stoop to running him over witth a car.

Topper wrote: ↑Sun Sep 01, 2024 5:43 am Does the situation in Columbus offer the leaves an out on Marner?

Strangelove wrote: ↑Sat Aug 31, 2024 4:35 pm https://x.com/frank_seravalli/status/18 ... 8931430732

https://x.com/reporterchris/status/1829867419734851923

"Salary deferred to the ninth year on the Seth Jarvis contract lowers the AAV!"

Talking heads ^ have the masses up in arms screaming "Cap circumvention!!".

But it does NOT lower the AAV, and is spoken about in the CBA (not cap circumvention).

Such a silly world...

Tciso wrote: ↑Mon Sep 02, 2024 5:29 pm

Strangelove wrote: ↑Sat Aug 31, 2024 4:35 pm https://x.com/frank_seravalli/status/18 ... 8931430732

https://x.com/reporterchris/status/1829867419734851923

"Salary deferred to the ninth year on the Seth Jarvis contract lowers affects the AAV!"

Talking heads ^ have the masses up in arms screaming "Cap circumvention!!".

But it does NOT affect the AAV, and is spoken about in the CBA (not cap circumvention).

Such a silly world...

EDIT: lowers affects

Up until this, cap hit and AAV have basically meant the same thing. According to CapWages, the AAV is stil $7.9, but the Cap hit is $7.42. My (mis)understanding is that the AAV is the total amount paid per year, regardless of when it is paid, but the cap hit is based on today's value of his salary. It's done similarily to an annuity. If you win $50k a year for 20 years, it's $1 million. But, the immediate cash payout is usually about half that amount. Same thing here. The Millions deferred til year 9 are worth less at that point than the same millions today. But, what do I know?

Strangelove wrote: ↑Mon Sep 02, 2024 6:34 pm

Tciso wrote: ↑Mon Sep 02, 2024 5:29 pm

Strangelove wrote: ↑Sat Aug 31, 2024 4:35 pm https://x.com/frank_seravalli/status/18 ... 8931430732

https://x.com/reporterchris/status/1829867419734851923

"Salary deferred to the ninth year on the Seth Jarvis contract lowers affects the AAV!"

Talking heads ^ have the masses up in arms screaming "Cap circumvention!!".

But it does NOT lower the AAV, and is spoken about in the CBA (not cap circumvention).

Such a silly world...

EDIT: lowers affects

Up until this, cap hit and AAV have basically meant the same thing. According to CapWages, the AAV is stil $7.9, but the Cap hit is $7.42. My (mis)understanding is that the AAV is the total amount paid per year, regardless of when it is paid, but the cap hit is based on today's value of his salary. It's done similarily to an annuity. If you win $50k a year for 20 years, it's $1 million. But, the immediate cash payout is usually about half that amount. Same thing here. The Millions deferred til year 9 are worth less at that point than the same millions today. But, what do I know?

Yeah, deferred salary does not actually affect the AAV (V = Value).

Puckpedia has both the AAV and Cap Hit at $7.42M.

Look at it this way...

Let's say a team works out a deal with a player for $7M x 8 years = $56M.

Let's say the first year is bonus-only... a $7M bonus.

It's all agreed to by both sides, and then the GM says:

"How's about, instead of paying that bonus on Day One, we pay it at the end of the contract?"

The agent would probably say 'no' 99 times out of 100, but if he were to agree, he'd say something like:

"Okay, but then you have to pay interest on that bonus, so in 9 years you'll have to pay $10M instead of $7M today."

GM: "Okally dokally."

So now the player will receive $7M x 8 years + $3M interest = $59M.

But the AAV remains at $7M... as it rightfully should because it's essentially the same Value contract.

They actually have a special section in the latest CBA dedicated to this.

BTW it's been done before: Shane Doan and Jaccob Slavin

... but no one cared.

Chris Johnston said the other day Vegas offered Marchessault this kind of deal but he declined.

EDIT: I went back and edited my original post lowers affects... apologies for any confusion.