Luongo: Light at the end of the tunnel?
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01-08-2013, 02:23 PM
Join Date: May 2012
Originally Posted by
Not really. The ONLY reason for a 12 year contract is to lower the cap hit. Now that advantage is gone, so essentially there is absolutely no advantage to the contract.
An excellent point it is not.
The advantage isn't gone, the value of the cap hit/salary ratio allows the Leafs to ice a more competitive team for the next 5 years. After that the cap difference is moved to a later point in the future. So the question is would Burke think it's worth it to start contending now as opposed to in 6/7 years time when Luongo retires, or if he'd rather roll with Reimer/Scrivens while Phaneuf and Kessel and Lupul all have contract extensions within the next year or two.
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