Luongo Talk: The Final Countdown...?
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01-07-2013, 11:03 AM
Join Date: Aug 2006
Originally Posted by
So if he retires after 2017-2018 (last year at 6.7), there would be 4 years left on the deal that would count against Vancouver's cap.
In my head, I believe he'd be owed $7 million over the last 4 years of the deal. Vancouver in a sense 'owns his contract' so they could buy it out for 2/3's of $7 million ($4.7m) and spread that over 4 years ($1.1725 cap hit for those 4 years, since they took away the buyout period being spread out over twice the amount of years).
Does that make sense?
It does, if it's actual salary. Then, it's too insignificant to matter really. However, I was thinking that it could be the actual 5.3m cap-hit that is the number we are working with. If it's not, cool.
So really, fretting over nothing it seems.
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