I know. I'm just kidding. Great deal for the Flyers. Who gets dinged if he retires? Anyone?
- walshyleafsfan

Vinny

http://www.habseyesontheprize.com/2015/12/9/9879832/alexander-semin-released-canadiens-contract-termination-waivers-khl
- Tumbleweed

Thanks

Loaned to Europe, contract still exists
- muffin_man

He refused to report to the AHL and was terminated

Hextall!

Now correct me if I'm wrong here but Philly will indeed still be stuck with the cap hit just not the player. Schenn is UFA to be so his 50% is off the books next season.

Vinny however is 50% retained this season, goes on a Cup run with LA and retires in the off-season, something I believe all parties understand. At this point the 35+ retire rule kicks in and the Cap Hit Recapture rule so Philly I believe gets stuck with some type of cap hit for the next two years.

https://pbs.twimg.com/twe...video/CYEa910WsAAYC89.mp4

50% is great because it clearly maximized return and after this season all of the retained salary will be off the books. The Flyers save 2.25 million on a player they were actually trying to NOT play and save 4.5 million for the 2 years remaining on the deal.

This is seriously highway robbery. It is incredible
- YuenglingJagr

It's not really. The Kings were done with Weal. He was never going to fit in on the team. Traded by himself, he would have only returned a 4th/5th round pick.

If Lecavalier retires at the end of the season, then he's completely off the books for LA. Philly will take about $1.5M in cap recapture penalties for the next 2 years. If he stays on the books, then LA gets a serviceable 3rd line center, Lewis can move back to wing, and we'll finally be able to get Andreoff off the roster. He'll only have a cap hit of 2.25M, which is probably too much, but it's less than we were paying Stoll.

In addition, the Kings finally get a 2nd pairing defenseman whose contract falls off the books at the end of the year, so it won't affect the Kopitar or Toffoli extensions.

Now correct me if I'm wrong here but Philly will indeed still be stuck with the cap hit just not the player. Schenn is UFA to be so his 50% is off the books next season.

Vinny however is 50% retained this season, goes on a Cup run with LA and retires in the off-season, something I believe all parties understand. At this point the 35+ retire rule kicks in and the Cap Hit Recapture rule so Philly I believe gets stuck with some type of cap hit for the next two years.
- Blazed

over 35 only applies if he was 35 or older when the contract started

if vinny retires, both teams are free and clear of the cap hit

Now correct me if I'm wrong here but Philly will indeed still be stuck with the cap hit just not the player. Schenn is UFA to be so his 50% is off the books next season.

Vinny however is 50% retained this season, goes on a Cup run with LA and retires in the off-season, something I believe all parties understand. At this point the 35+ retire rule kicks in and the Cap Hit Recapture rule so Philly I believe gets stuck with some type of cap hit for the next two years.
- Blazed

35+ rule only applies if the contract was signed when the player was 35. It does not apply in this case. Philly will get hit with recapture penalties if he retires though, and they will have to eat approx $1.5M for two years.

over 35 only applies if he was 35 or older when the contract started

if vinny retires, both teams are free and clear of the cap hit
- Tumbleweed

Not true. Philly will get hit with recapture since the contract was front loaded with signing bonuses.

over 35 only applies if he was 35 or older when the contract started

if vinny retires, both teams are free and clear of the cap hit
- Tumbleweed

correct. Apparently that was the hand shake agreement. he has to retire at seasons end for this deal to have happened

over 35 only applies if he was 35 or older when the contract started

if vinny retires, both teams are free and clear of the cap hit
- Tumbleweed

Wow yeah thought it was a 35+ contract with how long in the tooth his play is.

Not true. Philly will get hit with recapture since the contract was front loaded with signing bonuses.
- tkecanuck341

Right that's it. Still a pretty small cap hit and two players they wanted out are gone.

Wow yeah thought it was a 35+ contract with how long in the tooth his play is.
- Blazed

yeah, vinny's play really dropped off eric lindros like in his early thirties

i thought he would have been a guy still performing well into his mid-thirties

Frank Seravalli ‏@frank_seravalli 11m11 minutes ago
BTW: For #Flyers, that trade essentially ends up being James van Riemsdyk for Jordan Weal and a third-round pick. (Interesting)


#Flyers' buried / retained salary is astronomical: Vinny ($2.25M), MacDonald ($3.975M), Schenn ($1.8M), Gagner ($2.25M), Grossmann ($500K).Keep in mind, #Flyers still paying Bryzgalov ($1.63M thru 2025) and Briere ($800K this season). A lot of dough for players not on your team.

didn't realize it was that bad

Frank Seravalli ‏@frank_seravalli 11m11 minutes ago
BTW: For #Flyers, that trade essentially ends up being James van Riemsdyk for Jordan Weal and a third-round pick. (Interesting)


#Flyers' buried / retained salary is astronomical: Vinny ($2.25M), MacDonald ($3.975M), Schenn ($1.8M), Gagner ($2.25M), Grossmann ($500K).Keep in mind, #Flyers still paying Bryzgalov ($1.63M thru 2025) and Briere ($800K this season). A lot of dough for players not on your team.

didn't realize it was that bad
- yen6d1

over 35 only applies if he was 35 or older when the contract started

if vinny retires, both teams are free and clear of the cap hit
- Tumbleweed

I'm gonna miss the random Philly fans that wonder over to Mike's blog to tell us how stupid we are in not believing Vinny will retire after the 2014-15 season

Not true. Philly will get hit with recapture since the contract was front loaded with signing bonuses.
- tkecanuck341

the only contracts in the league that have cap recapture penalties are certain legacy contracts signed under the previous cba; i believe vinny's old contract in TB was one these before the compliance buyout.

there are no cap recapture penalties on any contracts signed under the current cba, including vinny's current contract

Oh my god... We just took on their garbage! What a joke
- KINGS67

Honestly I think Schenn can be a nice depth addition for the Kings playoff run

the only contracts in the league that have cap recapture penalties are certain legacy contracts signed under the previous cba; i believe vinny's old contract in TB was one these before the compliance buyout.

there are no cap recapture penalties on any contracts signed under the current cba, including vinny's current contract
- Tumbleweed

correct. Ie pronger,kovy to name two that I know of

Honestly I think Schenn can be a nice depth addition for the Kings playoff run
- nastyflyergirl

hahahahaha. Not nice to lie to the poor guy. Yah you got trash plain and simple. I do think schenn can give you decent minutes though...maybe

Honestly I think Schenn can be a nice depth addition for the Kings playoff run
- nastyflyergirl

Schenn, as Gimli said, is very dangerous over short distances.

let stupid people have their fun.

explaining that this is good for the flyers would be like snatching a shiny toy from a learning disabled person. just plain mean.
- conkey

Schenn is a UFA and Vinny's agent states he is retiring at the end of the season so the salary cap space cleared for next season and beyond is huge. a buyout would have had Vinny on the books for 4 yrs. and to boot the Flyers get a 3rd and prospects so explain how this is bad for the Flyers?

the only contracts in the league that have cap recapture penalties are certain legacy contracts signed under the previous cba; i believe vinny's old contract in TB was one these before the compliance buyout.

there are no cap recapture penalties on any contracts signed under the current cba, including vinny's current contract
- Tumbleweed

That's not true at all. Read the CBA. Cap recapture penalties affect any contracts that are front loaded regardless of when they were signed.

To calculate recapture, take the amount of cash the team actually paid the player, subtract the cap hit charged for that player, then divide the difference over the remaining contract term at time of retirement.

Philadelphia paid him $12M over the first two seasons, plus a $2M signing bonus this year, plus the pro-rated portion of $2.5M for this season (around $1.2M), for a total of $15.2M. His charged cap hit to Philly will be around $11.1M. If he retires at the end of the year, the Flyers will have the difference ($4.1M) divided over the remaining term of the contract (2 years) applied to the cap hit.

Therefore the Flyers will get a cap recapture penalty of around $2.05M for the next two seasons.

Not true. Philly will get hit with recapture since the contract was front loaded with signing bonuses.
- tkecanuck341

Totally incorrect. There are no recapture penalties on any contract signed after the lockout.