Thread: Speculation: Luongo: The Neverending Story
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01-07-2013, 12:00 PM
  #960
s7ark
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I am not sure that Mirtle's tweet means what some are saying it does. The "cap benefit recapture formula" was the PA's response to the NHL's desire that teams that signed the contracts get dinged with the penalties. From this article, it means this:

Quote:
In response to the league’s call for such an alteration, the NHLPA devised something called a “cap benefit recapture formula,” which would punish teams with players who retired early on long-term deals by putting the money they saved over the term of the deal on their cap after they’ve retired.
But I am not sure if that applies to the team that currently has the contract, or the team that signed the contract, or both. More info is needed before people assume Vancouver will be on the hook if RL retires early.

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