Those are the caphits for becoming years if they buy him out.
Is that the cap hit or the dollars owed? I always thought cap hit was based on the average salary of the entire contract. Gomez's contract was front loaded.
Bob Mackenzie just said on Team 990 that whoever makes the decision to buy Gomez's contract out should be fired. They should be burying the contract in the minors unless of a amnesty clause
Last edited by Mats NAslund: 05-02-2012 at 07:49 AM.
I don't see what everyone is so worried about. I doubt any cap hit from the buyout will affect any players the Habs want to or need to sign. If Gomez isn't in the plans, I'd rather him gone than in the minors. I also doubt this is Molson 'overreaching', as this portfolio was likely brought up during the interview process for the new GM.
Is that the cap hit or the dollars owed? I always thought cap hit was based on the average salary of the entire contract. Gomez's contract was front loaded.
Originally Posted by Henkka
Scott Gomez buyout from CapGeek.com
Those are the caphits for becoming years if they buy him out.
That's the actual cap hit over the next 4 years if Montreal buys him out. Which means Montreal pays for a guy who's not even there. That's lost cap space! Burying Gomez is the only real option.
Is that the cap hit or the dollars owed? I always thought cap hit was based on the average salary of the entire contract. Gomez's contract was front loaded.
Buyout Parameters
Player to buy out:
Buyout date (yyyy/mm/dd): / /
Scott Gomez is 32 years old on the buyout date of June 15, 2012, setting the buyout ratio at 2/3 and the total buyout cost at $6,666,667 spread over 4 years. His contract was originally valued at $51,500,000 beginning in 2007 and ending in 2014, with $10,000,000 remaining from the buyout year forward. The following is a season-by-season breakdown of the buyout. A negative buyout cap hit indicates a credit.
Can't see buying him out at this point. He only has two years left with a decreasing salary. Buying him out keeps him on the books longer. Suck it up and hope he becomes useful or that a bottom dweller could use him to reach the cap floor.
I don't see what everyone is so worried about. I doubt any cap hit from the buyout will affect any players the Habs want to or need to sign. If Gomez isn't in the plans, I'd rather him gone than in the minors. I also doubt this is Molson 'overreaching', as this portfolio was likely brought up during the interview process for the new GM.
That's backwards thinking. You can burying him in the minors and he's not on the team and no cap implications, Montreal automatically saves 7.3 on the cap by doing so and rids themselves of that contract in two years.
Buying him out is just dumb as the rules are today!
I don't see what everyone is so worried about. I doubt any cap hit from the buyout will affect any players the Habs want to or need to sign. If Gomez isn't in the plans, I'd rather him gone than in the minors. I also doubt this is Molson 'overreaching', as this portfolio was likely brought up during the interview process for the new GM.
It means that we'll have about $2.5million less to play with in salary cap space each year. I don't know what's going through Molson's head but it is his money. Since taking over the team, Molson has done very little to let me have much faith in him.
Really, the cap hit isn't ridiculous, I'm sure burying players isn't popular in terms of attracting UFAs.
Burying is actually a good message. UFAs who are not that confident in their abilities or who expect to sign then go into lazy mode won't be interested which is a good thing. You also demonstrate a commitment to winning at all cost.
Gomez was given all chances, now it's time to be assertive and deal with him in a way that won't impact the team in the future.
Cap wise it makes sense to bury him in the minors.
Buying him out out save Molson money but comes with a cap hit.
Player wise, well buying him out instead of letting him rot in the minors is the "right" thing to do. We spent a lot of time complaining that Gauthier wasn't good with people and that as an organization we weren't handling things with much class and dignity. Sending him to the minors keeps Gomez in $$$ but offers him no chance to play in the NHL with another team. The report doesn't say when Gomez will be bought out, just that he will. They may wait until they know if there's an amnesty buy out.
It means that we'll have about $2.5million less to play with in salary cap space each year. I don't know what's going through Molson's head but it is his money. Since taking over the team, Molson has done very little to let me have much faith in him.
If it was simply 2.5 per year it wouldn;t be that bad but the first two years are horrible at 3.5 and 4.5 million. At that price might as well bury him in the minors for two years which actually opens up 7.3 million per year on the cap.
Burying is actually a good message. UFAs who are not that confident in their abilities or who expect to sign then go into lazy mode won't be interested which is a good thing. You also demonstrate a commitment to winning at all cost.
Gomez was given all chances, now it's time to be assertive and deal with him in a way that won't impact the team in the future.
NYR buried several big contract and it didn't stop good players to sign there like Gaborik and Richards. So I don't buy that burying him sends a bad message across the league.
Bury him or hope there's some sort of amnesty clause coming. Then bury Kaberle!
7.3 + 4.3 = 11.6 million in cap space for two players.....Thank God Gauthier is gone!
I don't like it at all, if this is true, it shows that Molson isn't prepared to do everything in order to make our team as good as possible.
Buy out:
2012-13: $3,523,810
2013-14: $4,523,810
2014-15: $1,666,667
2015-16: $1,666,667
= $10,380,954 total cap hit over 4 years
Without buy out it would be $7,357,142*2 years = $14,714,286
We only get: $14,714,286-$10,380,954=$4,333,332 in cap space over 4 years.
Buring him in the minors would save us all the $14,714,286 in cap space.
We would get more than $10 million extra in cap space by bury him in the minors...
Honestly though, would you want to make the team as good as possible over the next 2 years? What are our chances to get anywhere? Even making the playoffs might be hard before guys like Beaulieu, Tinordi, Gallagher and our 3rd pick get comfortable in the NHL and while we have guys like Gionta taking 5M cap space.
Say you want to do a short rebuild (which might very well be what the new GM wants), just keep your core young players and build around them... do you need cap hit space much? You're gonna fill it with what? Because be sure that Montreal fans won't be happy if the Habs keep 8M below the cap hit. Are you going to overpay UFAs with long contract that you might not want in 2 years? Are you going to overpay your current core players on long term contracts?
Gomez's buyout might actually be the best way for them to simply fill this cap room without actually having to commit to any new players.
In 3 seasons, when we should start having a more competitive team with the next wave of young promising players graduating/entering their 2nd year on the NHL team, Gomez's cap hit is going to be 1.66M, which is really not much especially if the cap hit increases.
And it might actually look better for UFA players wanting to come here in the future. They would much rather be bought out than buried in the minor (then again, that's not necessarily the attitude you want them to have!).
I realize that I'm totally painting this in a positive light when I'm really not liking to hear that either and would prefer to see him buried in the minor. Just trying to play devil's advocate a bit and not just see everything as horrible and everyone being stupid. But hey, they might be.
What it really comes down to is Molson taking care of a big headache for Bergevin before he takes the GM job. Also, it saves Molson a few million bucks in his wallet versus the cost of burying Gomez in the minors.
Not sure why we'd do this before the new CBA? If for whatever reason they don't want to bury him in the minors then fine, but why not wait and see if there will be a buyout clause or a different salary cap in the new CBA.
NYR buried several big contract and it didn't stop good players to sign there like Gaborik and Richards. So I don't buy that burying him sends a bad message across the league.
Bury him or hope there's some sort of amnesty clause coming. Then bury Kaberle!
7.3 + 4.3 = 11.6 million in cap space for two players.....Thank God Gauthier is gone!
For a variety of reasons, players always want to play for NYR though (even when they were lousy). That hasn't been the case for the Habs for a different variety of reasons.
