Thread: Speculation: More Luongo Talk
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01-03-2013, 05:44 PM
Christina Woloski
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Originally Posted by blankall View Post
Luongo is not getting bought out....The owners are not going to pay that much for nothing when the option to trade either of Luongo or Schneider exists.

That being said you won't get fair value for Luongo. His contract is outrageous and you cannot afford to take substantial salary back, even in the short term. You're going to get bent over regardless of how "top 5" Luongo is.

How are you going to get bent ?

His annual salary vs his production is favorable and after this CBA, salaries will rise as his contract goes on. The only issue is when he retires, what type of hit the team will take, but now apparently the Canucks can trade him and keep some of his cap space or include cash.

There's a lot of people that view his contract as OMG - Worst contract ever, but it's not. Right now, his cap hit is lower than his production/value. That's awesome. It's years down the road that could/would be the problem. And even then, it's all dependent on unpredictable variables. His ability to play at a later age. His willingness to play a back up role, if he does stay longer in the contract, the state of other salaries in the NHL and the CAP space.

In short, his contract is a big risk, which will be much better defined once the CBA talks wrap up, but it's not a 'bad contract'. There's a risk there, but not enough to deem is this horrific deal like everyone on here does.

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