BashCH
Montreal Canadiens |
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Location: The legendary Don Cherry agrees with me..., QC Joined: 04.27.2010
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4 points behind the high powered Leafs - obie
Peanut is a Habs fan |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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All’s quiet on the Karine front.. |
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fidopro
Chicago Blackhawks |
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Location: Service Temporarily Unavailable, QC Joined: 08.10.2008
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All’s quiet on the Karine front.. - pete26
just waiting to know if it's a boy or a girl |
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ChrisGoalie39
Montreal Canadiens |
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Location: Toronto, ON Joined: 07.28.2007
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I need a James Tanner post so I can post this |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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just waiting to know if it's a boy or a girl - fidopro
Danault cant play cuz his wife’s gonna have a baby??
Our first born, I played hockey that night, got drunk, and mrs26 drove us to the hospital at 4 in the morning.
Wtf is wrong with this world fido??
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fidopro
Chicago Blackhawks |
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Location: Service Temporarily Unavailable, QC Joined: 08.10.2008
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Danault cant play cuz his wife’s gonna have a baby??
Our first born, I played hockey that night, got drunk, and mrs26 drove us to the hospital at 4 in the morning.
Wtf is wrong with this world fido?? - pete26
why didn't you stay in bed?!? |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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why didn't you stay in bed?!? - fidopro
I wanted to, she insisted I be there for the first one, took her 15 minutes to wake me up, I passed out on the couch.
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fidopro
Chicago Blackhawks |
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Location: Service Temporarily Unavailable, QC Joined: 08.10.2008
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I wanted to, she insisted I be there for the first one, took her 15 minutes to wake me up, I passed out on the couch. - pete26
how long ago was that? |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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how long ago was that? - fidopro
He’ll be 25 in November. |
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fidopro
Chicago Blackhawks |
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Location: Service Temporarily Unavailable, QC Joined: 08.10.2008
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He’ll be 25 in November. - pete26
and you're still together, you must be doing something good!
congrats |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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and you're still together, you must be doing something good!
congrats - fidopro
Spoiled her for 25 plus years
Didn’t even get my way that night.. |
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Pie
Montreal Canadiens |
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Location: taking the low road Joined: 10.14.2006
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Gotta get that puck deep on every shift.
No lollygaging in the neutral,zone. - pete26
agreed NO LOLLYGAGGING DAMMIT |
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Mashadar
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Location: Let the creamy goaltending season begin! - EK Joined: 08.31.2014
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Danault cant play cuz his wife’s gonna have a baby??
Our first born, I played hockey that night, got drunk, and mrs26 drove us to the hospital at 4 in the morning.
Wtf is wrong with this world fido?? - pete26
In fairness, give or take 30 seconds, your job was done 9 months earlier. MrsPete26 was the real hero in the whole thing. |
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Pie
Montreal Canadiens |
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Location: taking the low road Joined: 10.14.2006
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In fairness, give or take 30 seconds, your job was done 9 months earlier. MrsPete26 was the real hero in the whole thing. - Mashadar
Thats enough of you |
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Mashadar
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Location: Let the creamy goaltending season begin! - EK Joined: 08.31.2014
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Thats enough of you - Pie
Yeah, we will see. |
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Pie
Montreal Canadiens |
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Location: taking the low road Joined: 10.14.2006
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Yeah, we will see. - Mashadar
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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In fairness, give or take 30 seconds, your job was done 9 months earlier. MrsPete26 was the real hero in the whole thing. - Mashadar
Was no hero that night Mash.
Nope.. |
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pete26
Montreal Canadiens |
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Location: (HE, HIM, HIS), ON Joined: 11.20.2008
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Ding Dong!!
Karine’s in the house. |
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tkecanuck341
Los Angeles Kings |
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Location: Irvine, CA Joined: 06.25.2009
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Not for a buyout, if he retires...
Because that was a clause in the trade... if Weber retires the contract goes back to Nashville
And they do get a cap hit for a buyout but it's based on actual money owed, not cap hit... so it would be less than a million a year after 3 more seasons - obie
If Weber retires, recapture goes back to Nashville because they benefited from the front-loaded nature of the contract. It has nothing to do with a clause in the trade. That's how recapture works. If it's the player's choice to end his career before the end of the contract, the team that he currently plays for shouldn't have to shoulder the burden for a benefit they didn't receive. Therefore, the recapture penalty is charged to each team he played for. It is calculated by summing the total salary paid to the player and summing the the total cap hit charged to that team. The difference is then divided over the number of years remaining in the contract and charged as a recapture penalty.
As we all know, Weber played the first four years of his contract in Nashville. During that time, he earned $56 million in salary and bonuses, but Nashville was only charged $31.4 million in cap hit, meaning they received a net cap benefit of $24.6 million. If Weber chooses to retire before the contract ends, Nashville gets that amount divided among the remaining years of the contract as a recapture penalty. Here's what the cap recapture penalty would be to Nashville if he retired after each of the following seasons:
2021-22: $6.15M for 4 seasons
2022-23: $8.2M for 3 seasons
2023-24: $12.3M for 2 seasons
2024-25: $24.6M for 1 season
Yikes.
Montreal would get hit with a very small recapture penalty if Weber retired in 2022 since they would have paid him $48M in salary, but only charged $47.142M in cap. It would hit them with a $214.5K penalty for each of the final 4 years on his contract. If he retires in 2023 or later, Montreal wouldn't receive any penalties as they would have paid him less than the cap hit charged to their franchise.
If Weber has any hard feelings towards Nashville for trading him, he could really (frank) them over by choosing to retire after the 2024-25 season.
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For buyouts, since the team is making the decision and not the player, that player's former team isn't charged a penalty.
Let's say he's bought out in 2023, he'll be owed only $3M more dollars, 2/3 of that over 6 years would be $333K per season. That's his base buyout cap hit.
However, his actual cap hit for years 1-3 of the buyout is still $7.85M, meaning the team has to pay recapture. Per the CBA, you subtract the buyout savings each season from the original AAV. Since Weber's salary is $1M per season, and his base buyout cap hit is $333K, his "buyout savings" are $667K per season for each of the three remaining seasons on his contract when it was bought out. Subtract that amount from his cap hit and you get his cap hit for the first three buyout years.
Years 1-3: $7.85M - $667K = $7.183M cap hit
Years 4-6: $333K (base cap hit)
Weber's contract is pretty much buyout proof. |
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dt99999
Montreal Canadiens |
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Location: wow, hope that's sarcasim Joined: 11.18.2008
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If Weber retires, recapture goes back to Nashville because they benefited from the front-loaded nature of the contract. It has nothing to do with a clause in the trade. That's how recapture works. If it's the player's choice to end his career before the end of the contract, the team that he currently plays for shouldn't have to shoulder the burden for a benefit they didn't receive. Therefore, the recapture penalty is charged to each team he played for. It is calculated by summing the total salary paid to the player and summing the the total cap hit charged to that team. The difference is then divided over the number of years remaining in the contract and charged as a recapture penalty.
As we all know, Weber played the first four years of his contract in Nashville. During that time, he earned $56 million in salary and bonuses, but Nashville was only charged $31.4 million in cap hit, meaning they received a net cap benefit of $24.6 million. If Weber chooses to retire before the contract ends, Nashville gets that amount divided among the remaining years of the contract as a recapture penalty. Here's what the cap recapture penalty would be to Nashville if he retired after each of the following seasons:
2021-22: $6.15M for 4 seasons
2022-23: $8.2M for 3 seasons
2023-24: $12.3M for 2 seasons
2024-25: $24.6M for 1 season
Yikes.
Montreal would get hit with a very small recapture penalty if Weber retired in 2022 since they would have paid him $48M in salary, but only charged $47.142M in cap. It would hit them with a $214.5K penalty for each of the final 4 years on his contract. If he retires in 2023 or later, Montreal wouldn't receive any penalties as they would have paid him less than the cap hit charged to their franchise.
If Weber has any hard feelings towards Nashville for trading him, he could really (frank) them over by choosing to retire after the 2024-25 season.
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For buyouts, since the team is making the decision and not the player, that player's former team isn't charged a penalty.
Let's say he's bought out in 2023, he'll be owed only $3M more dollars, 2/3 of that over 6 years would be $333K per season. That's his base buyout cap hit.
However, his actual cap hit for years 1-3 of the buyout is still $7.85M, meaning the team has to pay recapture. Per the CBA, you subtract the buyout savings each season from the original AAV. Since Weber's salary is $1M per season, and his base buyout cap hit is $333K, his "buyout savings" are $667K per season for each of the three remaining seasons on his contract when it was bought out. Subtract that amount from his cap hit and you get his cap hit for the first three buyout years.
Years 1-3: $7.85M - $667K = $7.183M cap hit
Years 4-6: $333K (base cap hit)
Weber's contract is pretty much buyout proof. - tkecanuck341
yes and no |
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WaterBoy
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Location: Gardez-le votre ANGLAIS, YT Joined: 06.27.2006
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Only one scenario can make that happen for me.
The gotta make the po's. - pete26
they will.
I'll pretend I'm busy |
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