*ALL* Luongo Talk (News/Speculation/Rumors/Proposals)
View Single Post
01-27-2013, 02:31 PM
Join Date: Feb 2012
Originally Posted by
No, I think the NHL banned cap circumventing deals because they bothered Bettman. Those deals appeared to be structured in such a way that the player and team had little to gain by fulfilling the entire contract.
Looking at Luongo's contract today, it's hard to believe that he will play at an elite level for his entire contract. The fear is, you're stuck with a healthy Luongo, eating 5.3M of the cap, who has lost it around 39.
I doubt Bettman's personal feelings had anything to do with it. The deals like Luongo provide a huge benefit to teams who spend to the cap so much so that they had to penalize all deals in the new CBA.
Even now if Luongo's play falls off (and for whatever reason he's waived and decides to play in the AHL) a cap floor team can easily trade for him and pay him 1M-3M and carry a 5.3M caphit and save the owner money.
To say that Luongo's value had dramatically dropped the same would have to be said for a player like Hossa.
View Public Profile
Find More Posts by kthsn