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Savard and LTIR (All-Purpose Q&A Thread)

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07-01-2013, 08:14 PM
  #1
theswede2013
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Savard and LTIR (All-Purpose Q&A Thread)

Why don't we but him out? I'm so confused on this I love the guy but if he is still counting against the cap it's crazy not to buy him out.


Last edited by Bridges31: 07-04-2013 at 05:46 PM.
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07-01-2013, 08:21 PM
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Dellstrom
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If we need cap space, he goes on the LTIR and the ~4m is free. Won't hurt us.

If he retires then it costs him a bunch of time and money in insurance, and it costs the Bruins a fair amount of time as well, I think. You can't buy him out since he's injured.

Better for both sides to just pay him until his contract expires.

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07-01-2013, 08:42 PM
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GarbageGoal
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Can we just sticky a comprehensive Marc Savard thread? Otherwise this is gonna be a longer 4 years than it already is.

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07-01-2013, 08:44 PM
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DJENTLEMAN
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You can't buyout an injured player (hence why Dany "The ****ing All-Star" Heatley isn't bought out right now).

If he retires, he's still on the books (cap-hit wise) full-time. No LTIR space if he retires.

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07-01-2013, 09:01 PM
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Quote:
Originally Posted by The Leviathan View Post
You can't buyout an injured player (hence why Dany "The ****ing All-Star" Heatley isn't bought out right now).

If he retires, he's still on the books (cap-hit wise) full-time. No LTIR space if he retires.
No - his was not a 35+ contract

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07-01-2013, 09:23 PM
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mobileusa
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Quote:
Originally Posted by GarbageGoal View Post
Can we just sticky a comprehensive Marc Savard thread? Otherwise this is gonna be a longer 4 years than it already is.
Ditto

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07-01-2013, 09:29 PM
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thiscalltoarms
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No value in buying him out- he is paid by the insurance the Bs have on his contract, not the actual B's payroll directly, and the B's can spend beyond the cap by the amount he is signed for using the LTIR exception.

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07-01-2013, 11:17 PM
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Quote:
Originally Posted by The Leviathan View Post
You can't buyout an injured player (hence why Dany "The ****ing All-Star" Heatley isn't bought out right now).

If he retires, he's still on the books (cap-hit wise) full-time. No LTIR space if he retires.
...yeah, Why the **** would you buy him out?

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07-02-2013, 07:31 AM
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hockeybpr25
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Quote:
Originally Posted by GarbageGoal View Post
Can we just sticky a comprehensive Marc Savard thread? Otherwise this is gonna be a longer 4 years than it already is.
It's absolutely crazy how many threads are created about this topic and how many people ask it in other threads.. The OP already asked this in another thread and I told him the same thing, now it's just annoying.

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07-02-2013, 07:53 AM
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Salem13
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People need to learn, hockey isnt always easy, more fans the better.

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07-02-2013, 08:52 AM
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Shoebottom
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Quote:
Originally Posted by Dom - OHL View Post
No - his was not a 35+ contract
So if he retires his contract wont count against the cap?

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07-02-2013, 08:58 AM
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Quote:
Originally Posted by Shoebottom View Post
So if he retires his contract wont count against the cap?
Correct.

And I don't blame him for not retiring. Since 2010-11 he was - and still owed until the end of next season, $25.5 million dollars. The opportunity for him to earn that and more after this contract was taken away from him. I know I wouldn't retire under those circumstances.

That said, after the 2013-2014 season when he'll earn $5 million, his salary drops to $1.5 million. I wouldn't be surprised to see him retire at the end of next season.

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07-02-2013, 09:03 AM
  #13
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Quote:
Originally Posted by Dom - OHL View Post
Correct.

And I don't blame him for not retiring. Since 2010-11 he was - and still owed until the end of next season, $25.5 million dollars. The opportunity for him to earn that and more after this contract was taken away from him. I know I wouldn't retire under those circumstances.

That said, after the 2013-2014 season when he'll earn $5 million, his salary drops to $1.5 million. I wouldn't be surprised to see him retire at the end of next season.
I thought that the LTIR only applied during the season, and during the offseason teams could be over the cap, but only by some percentage or something?

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07-02-2013, 09:08 AM
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Quote:
Originally Posted by bb_fan View Post
I thought that the LTIR only applied during the season, and during the offseason teams could be over the cap, but only by some percentage or something?
It's usually 10% and it starts immediately after the season ends. Except this season, because of the drop in cap it's $70.2 million (more than 10%) and it was effective back in February or March (can't remember which) instead of the offseason which made a big difference in being able to sign extensions early for next season. (long and complicated)

And correct about LTIR in the offseason. However, Savard can go on LTIR immediately on day 1 because it is a pre-existing hockey related injury ( Pronger as well ). Teams don't have to be 100% compliant to the cap until I believe it is the 20th day of the season.

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07-02-2013, 09:12 AM
  #15
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Quote:
Originally Posted by Dom - OHL View Post
It's usually 10% and it starts immediately after the season ends. Except this season, because of the drop in cap it's $70.2 million (more than 10%) and it was effective back in February or March (can't remember which) instead of the offseason which made a big difference in being able to sign extensions early for next season. (long and complicated)

And correct about LTIR in the offseason. However, Savard can go on LTIR immediately on day 1 because it is a pre-existing hockey related injury ( Pronger as well ). Teams don't have to be 100% compliant to the cap until I believe it is the 20th day of the season.
thanks for the clarification (I think....!) for all the work they have done with things, its still confusing as hell......

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07-02-2013, 09:40 AM
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Quote:
Originally Posted by Dom - OHL View Post
It's usually 10% and it starts immediately after the season ends. Except this season, because of the drop in cap it's $70.2 million (more than 10%) and it was effective back in February or March (can't remember which) instead of the offseason which made a big difference in being able to sign extensions early for next season. (long and complicated)

And correct about LTIR in the offseason. However, Savard can go on LTIR immediately on day 1 because it is a pre-existing hockey related injury ( Pronger as well ). Teams don't have to be 100% compliant to the cap until I believe it is the 20th day of the season.
Thanks for clarifying that. So the combination of Savard's LTIR kicking in on day 1 and not having to be cap compliant till the 3rd week of the season, the Bs can spend Savard's $4 million before the season even starts? So we got $5 million cap space already, Savard's $4 million, and maybe Peverley's $3 million if we can trade him. Potentially $12+ million. Just enough for Rask, Ryder, McGrattan & Caron(Knight)

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07-02-2013, 09:43 AM
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Quote:
Originally Posted by Dom - OHL View Post
Correct.

And I don't blame him for not retiring. Since 2010-11 he was - and still owed until the end of next season, $25.5 million dollars. The opportunity for him to earn that and more after this contract was taken away from him. I know I wouldn't retire under those circumstances.

That said, after the 2013-2014 season when he'll earn $5 million, his salary drops to $1.5 million. I wouldn't be surprised to see him retire at the end of next season.
Also wanted to ask: wouldn't his insurance pay him the $25.5 million if he was forced to retire? Or would they just pay him a % of it?

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07-02-2013, 10:42 AM
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theswede2013
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Quote:
Originally Posted by Shoebottom View Post
Also wanted to ask: wouldn't his insurance pay him the $25.5 million if he was forced to retire? Or would they just pay him a % of it?
I'm guessing his insurance is a short term disability policy which by law can only pay you up to 75% of your salary.

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07-04-2013, 05:39 PM
  #19
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What to do with Savard now

it seems like he is now just eating up a lot of salary that is forcing our hand for other moves. Is there some way that we could get around that 4 million dollar salary?

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07-04-2013, 05:40 PM
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Originally Posted by Scott1997 View Post
it seems like he is now just eating up a lot of salary that is forcing our hand for other moves. Is there some way that we could get around that 4 million dollar salary?
...What?

LTIR. Cap hit doesn't count against cap.

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07-04-2013, 05:41 PM
  #21
ranold26
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How many of these threads have we had in the last week or so??

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07-04-2013, 05:43 PM
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Maybe we can see if he wants to play right wing.

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07-04-2013, 05:48 PM
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Ok. I've merged the threads into one big "Savard/LTIR" thread. Please use this from now on if you have questions how LTIR works with the cap.

I figured this would save us from having a Savard thread every week.

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07-09-2013, 10:56 AM
  #24
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just bumping this because I keep seeing idiots insist that we trade or buyout Savard.

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07-09-2013, 11:16 AM
  #25
theswede2013
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I apologize for my stupidity on this. I guess thats why I am no GM...lol. If his LTIR does not apply to the cap (right now) why is PC taking so long to resign Rask and extend Bergy? Cap geek is no help here.

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