Luongo Talk: The Final Countdown...?
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01-09-2013, 02:46 AM
Join Date: Jul 2012
Location: British Columbia
Originally Posted by
Ok can someone who is a cap genius explain to me what happens should Luo retire? Does the cap hit still stay on the books? The only thing I can find regarding that is the 35 and over rule which Luo doesn't come into as his contract was signed well before he turned 35. Are people moaning about the term just because they are concerned that he won't retire and will keep going until 43 (when his contract expires) despite the fact he'll only be on 1m a year?
Due to the fact that his contract breaks the new "Luongo Rule".
If he reitres well still under contract, we will take half of his cap hit and the team that he is on takes half his cap hit for as long as the contract hasn't expired.
Hope that clears it up for you.
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