Luongo: Light at the end of the tunnel?
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01-08-2013, 12:17 AM
The Circle of Leaf
Join Date: Sep 2008
Location: Chatham, ON
Originally Posted by
LTIR is only one option. He can still be bought-out.
I think EF is commenting on how miniscule the actual "hit" is if Luongo is traded, which he will be. 2m per over 3 years is a pittance. Technically lower value? Sure, but at such a low rate so as to not matter. No need to chicken little the re-capture formula, it's a slap on the wrist at best.
Not inaccurate, but its a slap on the wrist that will affect an acquiring team as well.
While not at all a "chicken little" scenario, it does make the contract less appealing even if only slightly. It certainly doesn't help his value.
Also, LTIR is an unlikely option that would require some pretty lucky circumstances. If the buyout serves the acquiring team better based on cap hit vs Luongo's contribution at the time vs Luongo's desire to play, that would be more likely.
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