Luongo Thread: Still Haven't Found What I'm Looking For (Mod Warning in OP)
View Single Post
11-08-2012, 02:57 AM
Join Date: Mar 2012
Originally Posted by
It doesn't give them leverage; it just gives them another option, though I doubt they'd ever do that.
For Luongo, he'd absolutely kill for the Canucks to buy him out. He'd get about $30 million from the buyout that wouldn't be subject to escrow and/or future rollbacks and then he could sign wherever he felt like and collect 2 paychecks. He'd just have to earn $15 million over the remainder of his career to make back what he lost from the buyout. In all likelihood he'd come out millions ahead and he'd get to pick his destination.
You're right, I don't think it gives the Canucks much leverage. An oversight on my part.
I don't know how buyouts work, I thought 100% of the contract was paid out. But you're saying only a % is paid? That's interesting. I'd imagine the players wouldn't like the idea of an amnesty clause then.
Either way, I think Philly would be the most interesting team to watch if the clause went through. Would they use it on Pronger? Or perhaps Bryz.
View Public Profile
Find More Posts by SunshineRays