Thread: Speculation: Luongo: The Neverending Story
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01-07-2013, 11:20 AM
  #976
trbr86
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Quote:
Originally Posted by s7ark View Post
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:



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.
Using the language in that article, this is what Luongo's cap hit would like if he retired prior to his contract ending:



http://imgur.com/hFnqd

Just to make that clear, the number in the far right column would be the annual cap hit for every subsequent season.

Example 1: if Luongo retired prior to the 2017-2018 season, his cap-hit for the following five seasons would be 2.59m (12.96m divided by five seasons).

Example 2: If he retired prior to the 2020-2021 season, his cap hit would be 4.34m (8.67m divided by two seasons).

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Last edited by trbr86: 01-07-2013 at 11:26 AM.
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