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04-24-2012, 02:41 PM
  #102
Nabokov20
Karlsson for Chuck
 
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Quote:
Originally Posted by jester00 View Post
People need to start looking at the deal as a 6 year 40 million dollar contract, because thats all it will end up being. At worst its a 7 year 43.5 million dollar contract and then Luongo retires.

Thats not a bad deal for an "elite" goaltender. So for those who keep saying its a cap dump and Luongo has no value, just stop. It's getting ridiculous. He has value, and if he is made available it won't be just a salary dump.
It really depends on how long you think he's going to remain an "elite" goaltender. He's 33 years of age (not old, but not young either). Take into account his size, style and the overall wear and tear he's been through (# of minutes played/shots faced) and you begin to wonder... does he have 2, 3 or 4 years of true #1 goaltending left in him? Then you have to evaluate his contract as a long-term bond with a depreciated coupon payment relative to the market. He'll turn into an undervalued asset and you'll be forced to buy his contract out. That said, if you believe that Lu will take your team to the next level, I'd say trade for him. His stock is low and his contract is risky, but that shouldn't matter if you see/believe in the upside he provides to your organization. He'll be traded, but to say his contract situation is blown out of proportions is somewhat ludicrous (especially if he's traded to a smaller market team a la Tampa with huge pre-existing commitments in Vinny, St. Louis, Stammer and Ohlund).

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