Luongo: The Neverending Story
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01-07-2013, 11:49 AM
Join Date: Oct 2008
Originally Posted by
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. Regardless of whether he retires playing for the Canucks or for another NHL team.
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.
It doesn't take away any risk. All it does is punish Vancouver.
The risk of having a player near the end (or at the end) of his prime with a long-term deal (and fairly significant cap-hit) still remains.
It won't change Luongo's value positively or negatively than whatever it was before. The risk is still there, just teams like Vancouver, Philadelphia and others will be punished as well.
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