Oilers to Complete "Wow Factor Trade"?
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11-06-2012, 10:28 AM
Join Date: Dec 2006
Location: Waterloo Ontario
Any trade involving Luongo is not even close to being a pure hockey trade. If the cap next year is below $65M his contract becomes even more of a factor.
1) The option to keep both Schneider and Luongo next year is pretty much dead. At this point, at even $65M the Canucks would have only about $10M to fill 10 roster spots and that includes filling Edler's spot and at least a modest raise for Chris Higgins. Even if they manage to give Ballard away it would be hard to justify nearly $10M on two goalies.
2) Most of the teams that could typically absorb a $6.7M salary/ $5.33M cap hit either have their own stud goalie or they are in a cap bind themselves.
3) His deal is not only long but for a budget team the fact that his salary is $1.5M above his cap hit makes this contract very unattractive. Such teams are looking for big cap hit/ small salary players.
Toronto and Edmonton are two teams with both the cap space and the resources to take on his deal. I am not sure either would be anxious to give up much. From the Oilers perspective I think they would be better off spending their money elsewhere.
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