Luongo Talk: The Final Countdown...?
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01-09-2013, 03:19 AM
Join Date: Jul 2012
Location: British Columbia
Originally Posted by
About the 'cap benefit recapture formula'... couldn't the team that has Luongo just put him on LTIR when he's about to call it quits one day, and thus get around that rule?
Someone on the Canucks boards came up with the great idea that they just buy him out before he is about to retire, of course that depends when they do it as to how willing they would be to do it, if they bought him out at the end of 2017-18 when he would be 38 (So in 5 years) the cost of the buyout would be just under 7 Million, so really for a buyout like that it's not a huge lose.
That way both sides wouldn't have to hold onto his cap hit.
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