Luongo Talk: The Final Countdown...?
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01-07-2013, 11:46 AM
Join Date: Jul 2010
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?
The problem is, there is so little actual info released yet...but yes, this kind of summer buyout near the end of his career would leave us with a cap hit that would be insignificant against a projected cap number.
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