Exactly.
It's amazing how many people fail to realize that cap space is an asset, if your owner is willing to open his chequebook.
- Vanoxy
Fail to recognize? Are you sure you are seeing the whole picture?
How much of Luongo's salary did the canucks retain? $800,000 per season off the cap hit until 2022! Now that's wasted cap space.
How big is the recapture penalty if he retires early (which is very likely)? If Lu retires next year the canucks will have just over a $1million cap penalty for 8 years. If he retires in 2019 the canucks will have a cap penalty of $3million+ for 3 years.
The cap penalties could run any where between $1million to $8million off the cap in a single season.
Please explain how that is good cap management?