View Single Post
12-31-2012, 01:38 PM
Registered User
racerjoe's Avatar
Join Date: Jun 2012
Location: Vancouver
Posts: 2,098
vCash: 500
Originally Posted by slappipappi View Post
Don't be so sure.

I understand that these types of contracts will mean, in the future, that if Luongo retires say at age 40, he'd still give the Canucks a $5.3M cap hit for those last 3 years. Even if he is traded, and retires for another team. And Lou will retire before the end of his contract which goes until he is 43.
Everyone needs to remember that IF the Luongo contract is punished in the new CBA, two things, with an opt out at 8 years (NHL proposal), it may not matter on this CBA, and the NHLPA has put forth a different formula for creating a cap hit to retired players. I don't remember what it is, but his hit would not be 5.3, if we go by the players format.

racerjoe is offline   Reply With Quote