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12-31-2012, 08:15 AM
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Originally Posted by MISC View Post
I am not saying he isn't a world class goalie.

I am not saying he has no trade value.

I am, however saying that if we retires in 5 years and the Canucks are stuck with a cap hit of 5.4 million dollars for 5 years after that; he HAS to go.

That cap hit will haunt us.

Get out of it now.
By the time Luongo retires, the cap could be in the low 80 Million range if we assume 5% revenue growth per year. It's just not going to hurt as much then. If we are on the hook for the cap hit, his increased trade value now makes up for it asset-wise. If we buy him out, we're out a lot of money and get nothing in return other than increased cap wriggle room when the cap is higher than it is now anyway.

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