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Forums :: Blog World :: Ben Shelley: Islanders could get the first-overall pick
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Ben Shelley
Joined: 03.12.2019

Jun 28 @ 2:46 PM ET
Ben Shelley: Islanders could get the first-overall pick
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 3:08 PM ET
It would be terrible if the Islanders don't advance to the playoffs, but anything can happen in a 5 game series. The shot at 1st pick is intriguing, but could they afford him?
JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 28 @ 3:12 PM ET
It would be terrible if the Islanders don't advance to the playoffs, but anything can happen in a 5 game series. The shot at 1st pick is intriguing, but could they afford him?
- Puckin_Island

Huh? He would be getting an entry level contract. Why wouldn't they be able to afford him?

NYIFan4Life
New York Islanders
Joined: 06.30.2018

Jun 28 @ 3:50 PM ET
It would be terrible if the Islanders don't advance to the playoffs, but anything can happen in a 5 game series. The shot at 1st pick is intriguing, but could they afford him?
- Puckin_Island


[] Huh? He would be getting an entry level contract. Why wouldn't they be able to afford him?

This ^^^^. Of course he'd be on an entry-level contract and easily affordable.
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 4:23 PM ET
Huh? He would be getting an entry level contract. Why wouldn't they be able to afford him?
- JohnScammo


Seriously?

Jack Hughes signed a 3 year / $11,325,000 'entry level' contract.

Alexis Lafreniere is bigger, stronger and perhaps the best thing since Crosby. He'll command $4-5 mil. The Islanders will have near zero cap space, especially if they sign Sorokin, who isn't going to be cheap either.
JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 28 @ 4:27 PM ET
Seriously?

Jack Hughes signed a 3 year / $11,325,000 'entry level' contract.

Alexis Lafreniere is bigger, stronger and perhaps the best thing since Crosby. He'll command $4-5 mil. The Islanders will have near zero cap space, especially if they sign Sorokin, who isn't going to be cheap either.

- Puckin_Island

You sure about that? Hughes is earning $925,000 per season.
https://www.capfriendly.com/teams/devils
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 4:36 PM ET
You sure about that? Hughes is earning $925,000 per season.
https://www.capfriendly.com/teams/devils

- JohnScammo


$2.8 mil annual performance bonuses. Isn't that counted against cap?

Edit: I guess not. Nico signed the same contract in 2017 and made much more than his current 925K cap hit. My mistake.

Carry on...
JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 28 @ 4:46 PM ET
$2.8 mil annual performance bonuses. Isn't that counted against cap?

Edit: I guess not. Nico signed the same contract in 2017 and made much more than his current 925K cap hit. My mistake.

Carry on...

- Puckin_Island

No problem. You have a long way to go to catch up with 7.
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 4:55 PM ET
No problem. You have a long way to go to catch up with 7.
- JohnScammo


I feel like a fool for paying for his 'Post Quick, worry about it later' course.
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 5:05 PM ET
I found this on performance bonus'. I hope it's correct.

They do count against cap, but there is wiggle room.

Bonus Rollover

Performance bonuses count against the salary cap as soon as they are earned. If there’s cap space to absorb them, great, we never need speak of it again...

If the end of year cap space isn’t enough to absorb the bonuses actually earned, then the excess is rolled into the next year and counts against the salary cap, eating into the space just like retained salary or an overpaid player in the press box does.

This season the Leafs have $2,550,000 from last season counting against the cap like a phantom character guy doing some eight minute games on the fourth line.

https://www.pensionplanpu...nly%20paid%20if%20they%20

JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 28 @ 6:11 PM ET
I found this on performance bonus'. I hope it's correct.

They do count against cap, but there is wiggle room.

Bonus Rollover

Performance bonuses count against the salary cap as soon as they are earned. If there’s cap space to absorb them, great, we never need speak of it again...

If the end of year cap space isn’t enough to absorb the bonuses actually earned, then the excess is rolled into the next year and counts against the salary cap, eating into the space just like retained salary or an overpaid player in the press box does.

This season the Leafs have $2,550,000 from last season counting against the cap like a phantom character guy doing some eight minute games on the fourth line.

https://www.pensionplanpu...nly%20paid%20if%20they%20

- Puckin_Island

Interesting article, thanks. From that article........
"In the normal course of things, you ignore the performance bonuses on a contract. They aren’t added into the cap hit that is calculated from the 23-man roster, and generally we forget they exist....."
JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 28 @ 6:12 PM ET
I feel like a fool for paying for his 'Post Quick, worry about it later' course.
- Puckin_Island

He's always wrong. I know, because he likes to remind us.
bruceflyers
Joined: 06.16.2012

Jun 28 @ 6:39 PM ET
But they won’t.

Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 28 @ 7:50 PM ET
Interesting article, thanks. From that article........
"In the normal course of things, you ignore the performance bonuses on a contract. They aren’t added into the cap hit that is calculated from the 23-man roster, and generally we forget they exist....."

- JohnScammo


Right. They don't count against cap until they are earned, which means they are applied to the next years cap. Now I know where the mystery cap hits are coming from. The bonus cushion actually lets a team 'spend' $6 million over cap one year and apply it to the next when expiring contracts will keep them under.

Some confusing stuff going on around here.
forbetterorWORSE
Ottawa Senators
Location: Riverview, NB
Joined: 06.12.2009

Jun 29 @ 6:56 AM ET
Seriously?

Jack Hughes signed a 3 year / $11,325,000 'entry level' contract.

Alexis Lafreniere is bigger, stronger and perhaps the best thing since Crosby. He'll command $4-5 mil. The Islanders will have near zero cap space, especially if they sign Sorokin, who isn't going to be cheap either.

- Puckin_Island

I think Lafteniere is elite, but since Crosby we've had McDavid and Matthews, both of whom are better than Alexis.
eichiefs9
New York Islanders
Location: NY
Joined: 11.03.2008

Jun 29 @ 10:04 AM ET
Seriously?

Jack Hughes signed a 3 year / $11,325,000 'entry level' contract.

Alexis Lafreniere is bigger, stronger and perhaps the best thing since Crosby. He'll command $4-5 mil. The Islanders will have near zero cap space, especially if they sign Sorokin, who isn't going to be cheap either.

- Puckin_Island

The maximum cap hit on an ELC is $925k. The rest of the value of that contract is performance and signing bonuses, which don't count towards the cap on an ELC. Jack Hughes cap hit is $925k not $3.775M and LaFreniere's cap hit will also be $925k for the first three seasons which is the same as every other top pick, more or less.

Also: the best thing since Crosby is Connor McDavid.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Jun 29 @ 11:19 AM ET
The reason a lot of those contracts in Canada are heavily "bonus" laden is they have a different tax rate on the Bonus portion of the Contract. It's a Significant diference on how much they keep. That is also why a lot of these contract negotiations are funny b/c while they are offereing someone like Marner a certain amount a year that he turns down.. .once it is structured as mostly Bonus money they sign.

JT is often reported to have "taken less $" to play for Leafs. He actually got more on the signing bonus alone then what the Isles would have paid him for the duration of his contract including the 8th year.. after taxes. then you can add after that he is still making 1 mill a year on his Salary.

ever since learning that I often wait till a big UFA or RFA signs and look for the "bonus money" especially in Canada..etc. The bonuses are also Lockout proof if given in a lump sum too.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Jun 29 @ 12:24 PM ET
Arthur Staple
@StapeAthletic
Heard today that it's looking like Vegas and Toronto for the NHL hub cities -- and teams will stay in their region, which means #Isles would go to Toronto.

(Info is subject to change in about five minutes)
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 29 @ 12:37 PM ET
The reason a lot of those contracts in Canada are heavily "bonus" laden is they have a different tax rate on the Bonus portion of the Contract. It's a Significant diference on how much they keep. That is also why a lot of these contract negotiations are funny b/c while they are offereing someone like Marner a certain amount a year that he turns down.. .once it is structured as mostly Bonus money they sign.

JT is often reported to have "taken less $" to play for Leafs. He actually got more on the signing bonus alone then what the Isles would have paid him for the duration of his contract including the 8th year.. after taxes. then you can add after that he is still making 1 mill a year on his Salary.

ever since learning that I often wait till a big UFA or RFA signs and look for the "bonus money" especially in Canada..etc. The bonuses are also Lockout proof if given in a lump sum too.

- niteislander


Is this how Toronto stays under the cap while paying almost $20 million over cap?
Puckin_Island
New York Islanders
Location: Long Island, NY
Joined: 08.28.2019

Jun 29 @ 12:43 PM ET
The maximum cap hit on an ELC is $925k. The rest of the value of that contract is performance and signing bonuses, which don't count towards the cap on an ELC. Jack Hughes cap hit is $925k not $3.775M and LaFreniere's cap hit will also be $925k for the first three seasons which is the same as every other top pick, more or less.

Also: the best thing since Crosby is Connor McDavid.

- eichiefs9


Yes, the max for an ELC, including all bonus, is 3.77 mil.

What is your source? What I'm reading says performance bonuses are limited to ELC's and 35+, and those payments count against cap when they are paid (effectively pushing the cap hit to the following year). The bonus cushion ($6 mil) can be used to push the cap hit off to the following year, but it eventually counts against cap.
nyisles7
New York Islanders
Location: I’m always right, NY
Joined: 01.20.2009

Jun 29 @ 5:16 PM ET
No problem. You have a long way to go to catch up with 7.
- JohnScammo



nyisles7
New York Islanders
Location: I’m always right, NY
Joined: 01.20.2009

Jun 29 @ 5:19 PM ET
I feel like a fool for paying for his 'Post Quick, worry about it later' course.
- Puckin_Island



Cptmjl
New York Islanders
Joined: 11.05.2011

Jun 29 @ 5:21 PM ET
It would be terrible if the Islanders don't advance to the playoffs, but anything can happen in a 5 game series. The shot at 1st pick is intriguing, but could they afford him?
- Puckin_Island

Say what?
nyisles7
New York Islanders
Location: I’m always right, NY
Joined: 01.20.2009

Jun 29 @ 5:35 PM ET
Say what?
- Cptmjl



What don’t you get?
JohnScammo
New York Islanders
Location: Now I can sell you a bridge AND a team in Brooklyn
Joined: 10.14.2014

Jun 29 @ 8:35 PM ET

- nyisles7



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