Thread: Speculation: Luongo: The Neverending Story
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01-07-2013, 11:33 AM
Bleach Clean
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Originally Posted by The Saurus View Post
Interesting question: if Roberto retires early, who owns his cap hit? Is it the Canucks or the team that acquires him?

The Canucks. The excel chart shows what the cap-hit would be. To illustrate, if Luongo retired in 2016-2017, the cap-hit to VAN would be 1.93m for the remaining 6 seasons of his contract. VAN would "own" the contract at this point, so it could be bought out, or used to bump up against the cap in order to initiate LTIR space. Not much cause for concern here on either side.

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