Luongo: Light at the end of the tunnel?
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01-07-2013, 07:56 PM
Join Date: Aug 2006
Originally Posted by
Why the hell would the Vancouver ownership buy Luo out for $30+M when they could trade him away for nothing or throw him on waivers?
Well Lawton is likely suggesting here that trading him might not be so easy.
If the rumors about Luongo being "Florida or bust" are true and he refuses to waive his NTC for anyone other than Florida and Florida, accordingly, low-balls the Canucks and the trade-talk drags on into the off-season, then the trade route may become exhausted. At this point, the Canucks could threaten Luongo by putting him on waivers, but it's not inconceivable that he passes waivers without being claimed because team's are leery of his contract (Especially because I'm not sure the "cap hit reverts to Vancouver if he retires" thing applies in waivers) and, also, because teams are hoping to sign him to their own more respectable deal, at which point the Canucks would have to at least consider the buy-out.
I don't really think it's likely, but it's not an impossibility, and it's interesting to hear the viewpoint of someone who has been a GM and likely still has connections around the league.
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