No. He could pull a Thomas, not retire, be suspended by the team, no salary, no cap hit.
- KB3Point0

Thomas still had a cap hit this year, just like Luongo would.

Only a Canuck fan could rationalize something like this.

You're trading a player that Florida already dumped in Ballard with a terrible cap hit plus Luongo - A CAP HIT OF $5M PLUS UNTIL 2022 and the chance to pay pro dollars for an over rated player Raymond for a probable future star at #2, a tier 1 prospect in Bjugstad, and a solid project - all 3 with entry level or low dollar deals.... and the deal wouldn't put them anywhere near contention.

It would save Gillis ass though.

I can see why you love it though. Kind of like trading the gunk in your garbage disposal for a couple diamonds.

Tallon, upon suggesting that deal to ownership, would be fired immediately and probably sent for a psych evaluation.

Get a calculator and read up on the salary cap.
- tredbrta

Get a dictionary and read up on gullible.

What the hell are you talking about?
- KB3Point0

This

Even just Luongo not filing his retirement papers until after the contract ends prevents any recapture. So many options.
- KB3Point0

and this

Then he'd have to show up and sit on the bench or press box, catch flights to Nashville, and practice. I have my doubts he'd even look for his equipment bag in the back of the garage for 1 million dollars per year.
- The Law

And the general idea that Vancouver will find a way to side step a rule written specifically for contracts like the one they gave Luongo, and the league will let it go.

Thomas still had a cap hit this year, just like Luongo would.
- Antilles

He had a cap bit because he was over 35 when he signed his deal.

This



and this



And the general idea that Vancouver will find a way to side step a rule written specifically for contracts like the one they gave Luongo, and the league will let it go.
- Antilles

Don't manipulate my words. They could do the exact same thing that Thomas did this year, except as Luongo was under 35 when he signed his deal his cap hit wouldn't count. Explain how this particular option isn't allowed in the CBA.

What happens to recapture amounts if the players are bought out? For example if Lu were to retire with one year left on his contract Vancouver would have a cap hit of $7,430,000 for 2021-2022. But if they traded for him and bought out the last year of his contract They would have to pay $333,333 for 2 years and have a cap hit of 4,666,667 in 2021-2022 and 333,333 in 2022-2023

I an: Please, please proofread your blog before posting it. Several errors too many make the blog impossible to read. Thank you!

Don't manipulate my words. They could do the exact same thing that Thomas did this year, except as Luongo was under 35 when he signed his deal his cap hit wouldn't count. Explain how this particular option isn't allowed in the CBA.
- KB3Point0

Simple, because the cap recapture isn't only in effect when a player retires. It's also if he "defects" from the NHL, which is essentially refusing to honor his contract, not based on if he plays elsewhere. Meaning Luongo is either on the roster but not playing, a 5.3 million cap hit and a roster spot, or he is "defecting" by refusing to honor his contract but not retiring, and subject to the cap recapture rules.

Simple, because the cap recapture isn't only in effect when a player retires. It's also if he "defects" from the NHL, which is essentially refusing to honor his contract, not based on if he plays elsewhere. Meaning Luongo is either on the roster but not playing, a 5.3 million cap hit and a roster spot, or he is "defecting" by refusing to honor his contract but not retiring, and subject to the cap recapture rules.
- Antilles

Not sure what new CBA says but:
Old CBA Article 50.10(c)
(c) For Players that are suspended, either by a Club or by the League, the
Player Salary and Bonuses that are not paid to such Players shall not count against a
Club's Upper Limit or against the Players' Share for the duration of the suspension, but
the Club must have Payroll Room for such Player's Player Salary and Bonuses in order
for such Player to be able to return to Play for the Club.

I think that, at this point with the salary cap going down, trading Luongo is better than buying him out. Lou deserves better than to be bought out. Plus, if we trade him, we have some control over where he goes. I would trade Luongo to an Eastern Conference team for 2 second round picks; one in 2013 and one in 2014. On the other hand, we could buy Lou out and then sign him for $1-million per season and keep him as Schneider's veteran backup!

Thomas still had a cap hit this year, just like Luongo would.
- Antilles

That's because he was over 35 when he signed his contract, some people are too thick to be on any website let alone this one.

What happens to recapture amounts if the players are bought out? For example if Lu were to retire with one year left on his contract Vancouver would have a cap hit of $7,430,000 for 2021-2022. But if they traded for him and bought out the last year of his contract They would have to pay $333,333 for 2 years and have a cap hit of 4,666,667 in 2021-2022 and 333,333 in 2022-2023
- jribout

You found the way around it, your prize is a front office job to the team of your choice.

I think that, at this point with the salary cap going down, trading Luongo is better than buying him out. Lou deserves better than to be bought out. Plus, if we trade him, we have some control over where he goes. I would trade Luongo to an Eastern Conference team for 2 second round picks; one in 2013 and one in 2014. On the other hand, we could buy Lou out and then sign him for $1-million per season and keep him as Schneider's veteran backup!
- canuck_fan_in_t.o.

Not allowed to sign or trade for players you buy out for one year.

Not sure what new CBA says but:
Old CBA Article 50.10(c)
(c) For Players that are suspended, either by a Club or by the League, the
Player Salary and Bonuses that are not paid to such Players shall not count against a
Club's Upper Limit or against the Players' Share for the duration of the suspension, but
the Club must have Payroll Room for such Player's Player Salary and Bonuses in order
for such Player to be able to return to Play for the Club.
- jribout

New CBA has specific stuff about contracts over 7 years and "defecting" or retiring. I'm sure the general rule is the same, but it doesn't apply to Luongo or similar contracts.

That's because he was over 35 when he signed his contract, some people are too thick to be on any website let alone this one.
- A_SteamingLombardi

You should read everything posted before responding to one specific post in a conversation. Thomas still counted. Luongo's would still count. Not in the same way, as was explained a couple posts down.

L2Read before you start insulting people.

What happens to recapture amounts if the players are bought out? For example if Lu were to retire with one year left on his contract Vancouver would have a cap hit of $7,430,000 for 2021-2022. But if they traded for him and bought out the last year of his contract They would have to pay $333,333 for 2 years and have a cap hit of 4,666,667 in 2021-2022 and 333,333 in 2022-2023
- jribout

Yeah, I wouldn't be surprised if there is nothing explicitly forbidding this. At the same time, such a clear attempt to get around the CBA even if not breaking any written rule is still going to be looked at by the league. Vancouver would be looking at the same type of penalties New Jersey got.

I think that, at this point with the salary cap going down, trading Luongo is better than buying him out. Lou deserves better than to be bought out. Plus, if we trade him, we have some control over where he goes. I would trade Luongo to an Eastern Conference team for 2 second round picks; one in 2013 and one in 2014. On the other hand, we could buy Lou out and then sign him for $1-million per season and keep him as Schneider's veteran backup!
- canuck_fan_in_t.o.

Actually, as Luongo would get paid twice and not have to worry about his sucky contract, he'd probably prefer to be bought out!

I'm hearing teams will sue the NHL.
- Boinker

"I am hearing"...love it. Someone in here writes it and it becomes a rumour.

It can't be challenged since it's part of the Collective Bargaining Agreement.

Yeah, I wouldn't be surprised if there is nothing explicitly forbidding this. At the same time, such a clear attempt to get around the CBA even if not breaking any written rule is still going to be looked at by the league. Vancouver would be looking at the same type of penalties New Jersey got.
- Antilles

No, that would be a player decision. NHLPA would jump all over the league to defend his option not to file retirement papers.

Not allowed to sign or trade for players you buy out for one year.
- Antilles

Luongo won't be bought out. If Gillis is serious about trading him then there will be a lot of teams lining up to try get him. Luongo is still the best goalie in the game when he wants to so 29 other GM's would love to acquire him. Comes down to whichever team can put together the best package.

You should read everything posted before responding to one specific post in a conversation. Thomas still counted. Luongo's would still count. Not in the same way, as was explained a couple posts down.

L2Read before you start insulting people.
- Antilles

But it would count in a way that would avoid recapture penalties. All they'd need would be a team that wasn't going to hit the cap ceiling to take his contract.

He said he would take Miller over Luongo in a winner take all game, I merely pointed out that in winner take all situations that Luongo is ahead.....MVP nuthin'.......


Get your hatin' ass out of here.....
- chompsey

That was also 3 years ago. Wake up.

You should read everything posted before responding to one specific post in a conversation. Thomas still counted. Luongo's would still count. Not in the same way, as was explained a couple posts down.

L2Read before you start insulting people.
- Antilles

There was only one post about Thomas before your uninformed post, you're still wrong.

No, that would be a player decision. NHLPA would jump all over the league to defend his option not to file retirement papers.
- KB3Point0

Being bought out is not a player decision, which is what I was responding to in the post you quoted. NHLPA would have nothing to say about it.

Not filing retirement papers= defecting. Thus subject to cap recapture.

Don't manipulate my words. They could do the exact same thing that Thomas did this year, except as Luongo was under 35 when he signed his deal his cap hit wouldn't count. Explain how this particular option isn't allowed in the CBA.
- KB3Point0

There's no point to Luongo holding off his retirement at the end since the Cap hit is higher than the recapture penalty.

As someone else mentioned (not a Canuck fan), the best bet for a team who has Luongo at the end is to simply buy him out under existing rules. Since the buyout is based on CASH owed it would only be 2/3 of $3.6m, spread out over 6 years. Hardly anything.