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04-29-2013, 07:27 PM
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Originally Posted by Bookman View Post
Here's a link to cap geeks buyout calculator figures for Luongo:

They'd be paying until 2031, and from 2019-2022, it would be over 5 million per season.

Yeah, they may not be able to afford it.
It's $27,046,667 that they pay in a lump sum the day of the buyout.

Originally Posted by CREW99AW View Post
I bought up the $450m left on the cable deal, the young playoff team, the extra $35m per from luxury suites,a possible early move and the glut of cheap prospects.

You counter with DiPietro's $24m buyout, which amounts to $1.5m per for the next owner.
The teams will pay $24 million for DiPietro and $27 million+ for Luongo at the date of the buyout. The cap hit is spread out over twice the seasons so that it doesn't handicap teams, there's no way a team could compete if they counted it in one season.

The Canucks operating income in 2011-12 was $30.4 million, ownership might be hesitant to drop that to a mere $3 million to get rid of Luongo.

The Islanders on the other hand had an operating income of -$16 million. DP's buyout will come out of Wang's pocket or new ownerships.. I'm sure they'd like to avoid spending another $27 million to get rid of him.

The Leafs meanwhile brought in $81.9 million. They could take a shave if they were offered something worthwhile, the question is what hockey asset is worth $24-27 million? Also Bell and Rogers bring in enough profits, the true value of the team to them is the media rights.

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