Quote:
Originally Posted by Numbers
This thread goes to show how little many users on these boards know/understand about contracts.
If Luongo is on the trade block there will be 5+ teams interested guaranteed. Yes Luongo's contract is long, in fact it goes until 2022. But this does not make it a bad contract for teams. Why??
1. Well its a 5.3 mil cap hit, that equates to 8th highest in NHL for goaltenders. For a goalie of Luongo's skill and consistency it is quite reasonable.
2. Yes it has a NTC, but there are multiple out clauses. This helps minimize risk on contract. At the 5th year team can opt out.
3. It is not a 35+ contract. This means if Luongo retires during contract team does not have cap hit on the books.
4. Luongo can be dumped in minors if need be, the contract does not include a NMC.
5. 16.714 mil has already been paid by Canucks. Biggest 2 year chunk has already been accounted for.
Most people do not understand the contract and therefore believe it is bad. There are many scenarios helping the team owning his rights to get him off their cap. Luongo will be good for at least 4-5 years and when looking at his stats over the last 10 years there is clear precedent to suggest this.
Yzerman built team Canada for the Olympics. And guess what who ended up winning gold for us?? Luongo took Brodeur's job, and obviously Yzerman noticed this. If Tampa had a shot to get Luongo I'm sure they would try hard. Its hard to estimate exact value right now, but it would be starting with a 1st + a good prospect.
I can see it going down like:
TB 1st + Gudas or Aulie
Alternatively
TB (Det 1st) + Connolly + 2nd
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Id like to add to point number 4. Since Luongo's salary is much lower in the final years of his deal, waiving him and eating that low salary number in the minors is a real possibility. Because of this, it's almost like Luongo is only under contract until age 38; an age that almost all great goalies have remained competitive at.
Also, as the salary cap increases year to year Luongos contract looks better and better. Salaries will increase each year while Luongos will not, 5.3mil for an elite goalie will likely be a steal 5 years down the road.