Luongo: Light at the end of the tunnel?
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01-08-2013, 03:28 PM
Join Date: Aug 2006
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.
It's arguably 4-5 years of a fair contract with 5 years of BS added on the end.
An excellent point it is not.
Still an excellent point by var. It's more like 6 and 3. 6 years at a discount and 3 at a penalty. And the discount comes now as opposed to later. And the penalty later is about 2m per for 3 years (a depth player of extra LTIR space). The advantage isn't gone. It's there for 5-6 years.
Oh, and your evaluation that it is a "fair" contract for 4-5 years is highly amusing. 5.3m, as var puts it, doesn't align with the 6.7m or 6.25m his peers are taking up. That's not "fair", that's a discount. But keep trying though.
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