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Flyers will carry $1.4 million in bonus overages from last year

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Old
07-19-2011, 10:40 AM
  #1
DUHockey9
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Flyers will carry $1.4 million in bonus overages from last year

Per Pannacio on Twitter:

Quote:
@tpanotchCSN
Tim Panaccio a #flyers first: They will carry $1.4 million bonus overage vs. cap this year b/c of last year bonuses, source says
Does anyone know if we can find out what these bonuses were?

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07-19-2011, 10:43 AM
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CS
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JVR and Bob are the ones who would have counted.

I don't know what the exact bonuses were though.

All things considered, this puts an end to our offseason.

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07-19-2011, 10:44 AM
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DUHockey9
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Originally Posted by Chris Shafer View Post
JVR and Bob are the ones who would have counted.

I don't know what the exact bonuses were though.

All things considered, this puts an end to our offseason.
O'Donnell had bonuses in his 35+ deal as well right?

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07-19-2011, 10:44 AM
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That's not good. Means we'll have to put Lappy on LTIR right away, I suppose.

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07-19-2011, 10:45 AM
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Originally Posted by DUHockey9 View Post
O'Donnell had bonuses in his 35+ deal as well right?
Nödl had some in his contract as well I think.

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07-19-2011, 10:45 AM
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Originally Posted by DUHockey9 View Post
O'Donnell had bonuses in his 35+ deal as well right?
His contract was $1M + $300K in bonuses, not sure what for.

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07-19-2011, 10:52 AM
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His contract was $1M + $300K in bonuses, not sure what for.
Isn't it that a 35+ contract for one year gets a specific bonus attached?

I assume that's why Jagr is 3.30m instead of 3.00m. I haven't looked at anything though so he might just get 3.30m flat with no bonuses. I just remember it having something to do with the 35+ contract for one year. It could also be why Lilja is signed for two years.

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07-19-2011, 10:54 AM
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lame

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07-19-2011, 11:04 AM
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That's not good. Means we'll have to put Lappy on LTIR right away, I suppose.
Figured that was happening no matter what.

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07-19-2011, 11:54 AM
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The Flyers will carry $1,402,500 in overage against this season’s cap, according to a source. That figure includes $225,000 given to now-ex-Flyer Sean O’Donnell, $212,500 for James van Riemsdyk and $115,000 for Andreas Nodl. Sergei Bobrovsky maxed out at $850,000.

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07-19-2011, 12:22 PM
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Not really sure how this is news? This has been out there since the spring. I guess Timmeh just figured it out.

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07-19-2011, 12:23 PM
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Quote:
Originally Posted by Chris Shafer View Post
JVR and Bob are the ones who would have counted.

I don't know what the exact bonuses were though.

All things considered, this puts an end to our offseason.
Good I'm ready to go with what we have.

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Old
07-19-2011, 04:08 PM
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Haute Couturier
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Quote:
Originally Posted by Chris Shafer View Post
Isn't it that a 35+ contract for one year gets a specific bonus attached?

I assume that's why Jagr is 3.30m instead of 3.00m. I haven't looked at anything though so he might just get 3.30m flat with no bonuses. I just remember it having something to do with the 35+ contract for one year. It could also be why Lilja is signed for two years.
They don't have specific bonuses attached.I remember the Flyers wanted to sign Knuble to an incentive laden contract where the base would be low to fit him under the cap, but it would contain easy to reach bonuses so he'd be making the same money he did the previous year.

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07-19-2011, 04:13 PM
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That's not good. Means we'll have to put Lappy on LTIR right away, I suppose.
By right away do you mean during the Summer. The Flyers won't be able t place Lappy on LTIR until some time during training Camp.

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Originally Posted by Libertine View Post
They don't have specific bonuses attached.I remember the Flyers wanted to sign Knuble to an incentive laden contract where the base would be low to fit him under the cap, but it would contain easy to reach bonuses so he'd be making the same money he did the previous year.

Bonuses are limited to what is written in the CBA. There are certain categories that are available and minimums and maximums for each category. You don't just make up any bonus you choose to put in a contract.

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07-19-2011, 04:30 PM
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By right away do you mean during the Summer. The Flyers won't be able t place Lappy on LTIR until some time during training Camp.
Yeah, I meant when establishing the starting roster. Unless they start the season with 12 forwards and go with that until there is an injury/illness/suspension.

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07-19-2011, 06:25 PM
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I was under the impression SO'D's bonuses counted against the cap last year. Do we have to pay him twice?

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07-19-2011, 08:02 PM
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Originally Posted by DUHockey9 View Post
Per Pannacio on Twitter:



Does anyone know if we can find out what these bonuses were?
Jet Fuel to pick up Bryzgalov.

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07-19-2011, 08:42 PM
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Originally Posted by ChiTown Flyer View Post
I was under the impression SO'D's bonuses counted against the cap last year. Do we have to pay him twice?
What gave you that impression and why would they have to pay him twice?

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07-20-2011, 10:17 AM
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The Flyers still have a move or two to make to help get them more comfortably under the cap.

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07-20-2011, 11:20 AM
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The Flyers still have a move or two to make to help get them more comfortably under the cap.
Simply placing Lappariere on LTIR get's them where they need to be.

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07-20-2011, 11:22 AM
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The Flyers still have a move or two to make to help get them more comfortably under the cap.
Two moves: Laperriere to LTIR, Holmstrom/Sestito to the NHL

Complete cap-compliant roster.

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Old
07-20-2011, 07:52 PM
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Originally Posted by VanSciver View Post
What gave you that impression and why would they have to pay him twice?
I though his cap hit last year was $1.3 M, which was his salary ($1 M) plus his bonuses ($.3M) which had to count on last years cap because it was a 35+ contact. I was under the impression that the bonuses were counted last year regardless if he earned them. I could be, and probably am, wrong, but that was what I thought.

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Old
07-20-2011, 09:12 PM
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Originally Posted by ChiTown Flyer View Post
I though his cap hit last year was $1.3 M, which was his salary ($1 M) plus his bonuses ($.3M) which had to count on last years cap because it was a 35+ contact. I was under the impression that the bonuses were counted last year regardless if he earned them. I could be, and probably am, wrong, but that was what I thought.
35+ contract has nothing to do with the bonus cushion. Bonuses not earned are never counted. That's the whole idea of a bonus.

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Old
07-20-2011, 09:36 PM
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Originally Posted by VanSciver View Post
35+ contract has nothing to do with the bonus cushion. Bonuses not earned are never counted. That's the whole idea of a bonus.
http://www.nhl.com/ice/page.htm?id=26366


"PERFORMANCE BONUSES


What players may earn in performance bonuses?

Performance bonuses will only be permissible for the following types of players: (1) players on entry-level contracts; (2) players signing one-year contracts after returning from long-term injuries (players with 400 or more games who spent 100 or more days on injured reserve in the last year of their most recent contract); and senior veteran players who sign a one-year contract after the age of 35."

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Old
07-20-2011, 09:41 PM
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Originally Posted by Coppy View Post
http://www.nhl.com/ice/page.htm?id=26366


"PERFORMANCE BONUSES


What players may earn in performance bonuses?

Performance bonuses will only be permissible for the following types of players: (1) players on entry-level contracts; (2) players signing one-year contracts after returning from long-term injuries (players with 400 or more games who spent 100 or more days on injured reserve in the last year of their most recent contract); and senior veteran players who sign a one-year contract after the age of 35."
Fully aware of that. And in the context of the poster's question, my answer is correct. A player being on a 35+ contract doesn't preclude a team from using the bonus cushion to carry over bonus money earned to the following Season's Cap. And last but not least, O'Donnell's deal with the Flyers last year was not a 35+ contract.

The very fact that O'Donnell had bonuses in his contract last Season tells you that it's not a 35+ contract.


Last edited by VanSciver: 07-20-2011 at 09:57 PM.
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