You can't bury cap hits in the minors anymore so I guess this is just in order to get a better backup on the roster? They're going to be paying DiPietro either way. Although with the Islanders they probably WANT to keep his cap hit.
Nah ... they seek huge cap hits with small salaries. I think this guy is headed for an amnesty buyout.
Nah ... they seek huge cap hits with small salaries. I think this guy is headed for an amnesty buyout.
Why would they do that? If you amnesty buyout DiPietro you're guaranteeing the fact that you'll be paying out a little more than 24 million in real salary. 2/3rds of his remaining contract. If they keep him in the minors they can keep his cap hit on the books and you raise the chance significantly that he'll decide to retire early, which would save the Isles a ton of money.
Why would they do that? If you amnesty buyout DiPietro you're guaranteeing the fact that you'll be paying out a little more than 24 million in real salary. 2/3rds of his remaining contract. If they keep him in the minors they can keep his cap hit on the books and you raise the chance significantly that he'll decide to retire early, which would save the Isles a ton of money.
What?
.... why exactly do you think it's likely a guy is going to walk away from $4.5 million a year? At the very least he could claim he's too injured to play and just draw his salary ... see nearly every other player on a long term contract and not playing right now (Savard, Pronger). I can't buy a guy walking away from $36 million ... that's silly.
.... why exactly do you think it's likely a guy is going to walk away from $4.5 million a year? At the very least he could claim he's too injured to play and just draw his salary ... see nearly every other player on a long term contract and not playing right now (Savard, Pronger). I can't buy a guy walking away from $36 million ... that's silly.
LOL ... I didn't realize you could do this, but Bob McKenzie, in response to a question on Twitter, says he believes teams can buy someone out this summer and it doesn't haven't to be designated as an amnesty buyout.
Quote:
Bob McKenzie @TSNBobMcKenzie
@mc79hockey Yes, I believe so, and I would suspect that's exactly what they will do.
Here's to 16 years of DiPietro on the Isles cap ...
Which was exactly my point ....... You do know what LTIR is right? This is only helpful to a team like Boston or Philadelphia. The Islanders have absolutely no use for it, and they'd likely never use it. LTIR only comes into play when a team reaches the cap ceiling. That's not in the Isles future anytime soon.
He draws a full salary, part of which could be covered by insurance - would be interesting to see if they were even able to insure a contract of that length.
There is some sort of insurance on the contract. I found a story when he signed the contract that he would have signed the 15 year deal 1 year sooner (before he ultimately settled for a 1 year deal paying $2.5 million), but there were stumbling blocks getting someone to insure the contract.
They only draw insurance money if he's hurt and not playing, and DiPietro has said as recently as a year ago he has no plans of retiring and that he wants to play. They can't force a guy onto IR. I imagine being waived this time could have something to do with him not just "staying hurt", but that's just a wild ass guess.
I don't get why they wouldn't do an amnesty buyout, this is them limiting themselves to not having some sort of 2nd pairing D-man/top 6 forward for the next 16 years if they ever decide to spend. This move has especially peculiar timing with the rumors that Wang is thinking about selling the team with his lighthouse project dead in the water. If he gives DP the amnesty buyout he has a hope of making the Isles a slightly more attractive team for selling, though it's true that it's unlikely to be 24 mil more attractive. Still, this absolutely makes them a much less attractive team for any owner who wants to come in and spend and be competitive.
I don't get why they wouldn't do an amnesty buyout, this is them limiting themselves to not having some sort of 2nd pairing D-man/top 6 forward for the next 16 years if they ever decide to spend. This move has especially peculiar timing with the rumors that Wang is thinking about selling the team with his lighthouse project dead in the water. If he gives DP the amnesty buyout he has a hope of making the Isles a slightly more attractive team for selling, though it's true that it's unlikely to be 24 mil more attractive. Still, this absolutely makes them a much less attractive team for any owner who wants to come in and spend and be competitive.
Wang has done nothing to make anyone expect him to do the logical thing ... sucks.
That was one of the great franchises in the league. Hopefully he can sell the team quickly.
Corey Pronman @coreypronman
If you're a team with deep pockets and cap room, may as well trade for DiPietro and compliance buyout him. See what you can get from NYI.
.... why exactly do you think it's likely a guy is going to walk away from $4.5 million a year? At the very least he could claim he's too injured to play and just draw his salary ... see nearly every other player on a long term contract and not playing right now (Savard, Pronger). I can't buy a guy walking away from $36 million ... that's silly.
I think it's a real possibility that he does walk away from the money.
Which was exactly my point ....... You do know what LTIR is right? This is only helpful to a team like Boston or Philadelphia. The Islanders have absolutely no use for it, and they'd likely never use it. LTIR only comes into play when a team reaches the cap ceiling. That's not in the Isles future anytime soon.
He draws a full salary, part of which could be covered by insurance - would be interesting to see if they were even able to insure a contract of that length.
The only way to save any money is a buyout.
My bad, that comment was really only directed at the mention of Savard and Pronger. Thought I cut out the rest, guess I didn't.
LOL ... I didn't realize you could do this, but Bob McKenzie, in response to a question on Twitter, says he believes teams can buy someone out this summer and it doesn't haven't to be designated as an amnesty buyout.
Here's to 16 years of DiPietro on the Isles cap ...
All teams get one? Would be nice to tell Goligoski to **** off.
