Luongo Talk: The Final Countdown...?
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01-07-2013, 11:19 AM
Join Date: Feb 2004
From James Mirtle's twitter
Can 100% confirm the new CBA will include the cap benefit recapture formula. It will apply to existing deals "in excess of six years."
So, assuming that this is the same cap benefit recapture that had originally been mooted, then the Canucks will ultimately be on the hook for Luongo's cap hit if he ever decides to retire prior to his contract expiring.
If anything, it takes the risk away from acquiring such a long-term contract and puts it back on the Canucks. This raises his trade value in that sense.
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