Luongo Talk: The Final Countdown...?
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01-07-2013, 11:47 AM
Join Date: Jan 2010
Luongo's deal is 12 years, 64 million. If he retired after 8 years, his cap hit for those 8 years would have been about 7.12 million per season, so the Canucks would have saved 1.8 million per season for 8 years. The Canucks might then be left with a 12 million dollar cap penalty to "recapture", even if he played the majority of those years in another city.
Frankly, it's a stupid rule, but I'm not surprised lil Gary couldn't let it go after the GMs bruised his ego by finding loopholes. If this is really the case, the Canucks might almost be better of keeping Luongo and then having the chance to talk him into LTIR later in his career
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