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Luongo signs 12 years 64M deal

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Old
09-02-2009, 11:56 AM
  #26
popo
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I hate these Franzen deals that Detroit, Chicago, Philadelphia (who actually botched it on the Pronger contract), and now Vancouver have employed. Mainly I hate them because the Oilers haven't used the tactic, and their opponents are at an advantage, cap-wise, as a result.
They need to revise the rules to require that once a player 35 or older retires the remaining years of the contract remain on the team's cap space, REGARDLESS of the player's age at the time the contract was signed.
Otherwise the Cap will continue to be sidestepped, and all marquee players will enjoy 25 year contracts with modest cap hits.

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09-02-2009, 11:57 AM
  #27
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Hurry up and sign Gagner for 10 years before the loophole closes.

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09-02-2009, 11:58 AM
  #28
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12 years is a long time, but I guess if he can retire with no repercussions ...

But what if he doesn't want to retire?

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09-02-2009, 11:59 AM
  #29
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Originally Posted by GSC View Post
Hurry up and sign Gagner for 10 years before the loophole closes.
more like 20, in 10 years he will be 30.

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Old
09-02-2009, 12:01 PM
  #30
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Originally Posted by MrOiler View Post
12 years is a long time, but I guess if he can retire with no repercussions ...

But what if he doesn't want to retire?
THats the thing, i think with hossa there was basically an agreement he won't play to that old, however what if luongo sigend the deal full well expecting to play untill 42. alot of players don't retire cuase they want to, they retire cause they can't get another contract, most Iw ould say. Maybe luongo is full well thinking, sweet, money till I am 42, time to sit on the bench and collect a pay check.

That being said, he would only get 1 mill a year or whatever, so I still realistly doubt he plays till 42, but he could. in which case it is in fact a bad deal.

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09-02-2009, 12:01 PM
  #31
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more like 20, in 10 years he will be 30.
Better make it a 25 year deal...just to be safe

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Old
09-02-2009, 12:07 PM
  #32
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Easy fix for these deals.

All contracts count against the cap if a player retires before the contract is done.

Keep the LTIR exemption in place.

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09-02-2009, 12:11 PM
  #33
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Originally Posted by Ol' Jase View Post
Easy fix for these deals.

All contracts count against the cap if a player retires before the contract is done.

Keep the LTIR exemption in place.
Pretty much, makes sense to me. Or you let dumbass GMs sign players like Pronger to these type of deals.

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Old
09-02-2009, 12:19 PM
  #34
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Originally Posted by Ol' Jase View Post
Easy fix for these deals.

All contracts count against the cap if a player retires before the contract is done.

Keep the LTIR exemption in place.
All it needs is for a player who has signed one of these deals to start doing badly while they are still making big money and it's really going to mess up the team he's on. The buyouts for some of these front loaded deals can be just awful.

They all look great at first glance... but I have a feeling most of these aren't going to be the CBA dodgers that they are made out to be.

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Old
09-02-2009, 12:22 PM
  #35
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Can he get into the HHOF without a Cup?

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Old
09-02-2009, 12:26 PM
  #36
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Originally Posted by dawgbone View Post
All it needs is for a player who has signed one of these deals to start doing badly while they are still making big money and it's really going to mess up the team he's on. The buyouts for some of these front loaded deals can be just awful.

They all look great at first glance... but I have a feeling most of these aren't going to be the CBA dodgers that they are made out to be.
DiPietro comes to mind when you put it this way.

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Old
09-02-2009, 12:28 PM
  #37
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DiPietro comes to mind when you put it this way.
DePietro's contract never really looked that good though... It was clear right from the day the signatures were inked on that one that it was a huge gamble. The contracts that are hitting the tables these days could go either way.

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Old
09-02-2009, 12:41 PM
  #38
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Originally Posted by dawgbone View Post
All it needs is for a player who has signed one of these deals to start doing badly while they are still making big money and it's really going to mess up the team he's on. The buyouts for some of these front loaded deals can be just awful.

They all look great at first glance... but I have a feeling most of these aren't going to be the CBA dodgers that they are made out to be.
+1

I would also imagine that teams wouldn't easily be able to insure these contracts. I've heard rumblings of that through people who should know about such things, but I've never heard it confirmed.

I think these types of contracts are a huge gamble, particularily when given to players who will make big money in their thirties. All it takes is for one of these players to have some lingering injury, but refuse to retire, for the deal to be horrible. Some of these deals will prove to be bargains, while others will not. It's too early to tell how good this deal is.

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09-02-2009, 12:46 PM
  #39
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Originally Posted by caveat emptor View Post
+1

I would also imagine that teams wouldn't easily be able to insure these contracts. I've heard rumblings of that through people who should know about such things, but I've never heard it confirmed.

I think these types of contracts are a huge gamble, particularily when given to players who will make big money in their thirties. All it takes is for one of these players to have some lingering injury, but refuse to retire, for the deal to be horrible. Some of these deals will prove to be bargains, while others will not. It's too early to tell how good this deal is.
If the contract is signed before they're 35 they can be sent to the minors with no lingering cap hit.

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Old
09-02-2009, 12:50 PM
  #40
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Another scam deal. This loophole sucks and should be rectified.

Why wouldn't we sign Kessel to a 30 year contract for $45 million? $1.5 mill/year cap hit ain't bad at all.

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Old
09-02-2009, 12:52 PM
  #41
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Originally Posted by dashingsilverfox View Post
If the contract is signed before they're 35 they can be sent to the minors with no lingering cap hit.
And basically the owners are also gonna be paying millions for a has been star to suck it up in the minors

So its either to pay him to suck in the NHL if the gamble fails or pay him the same amount but save cap hit and have him suck in the minors....wonder which option a smart owner prefers

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Old
09-02-2009, 12:55 PM
  #42
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Quote:
Originally Posted by dashingsilverfox View Post
If the contract is signed before they're 35 they can be sent to the minors with no lingering cap hit.
And I'm sure every team can afford to drop that money into the minors... If Franzen falls off the map in terms of playing ability at 32, is Detroit going to pay him 18.5 million over 4 years to keep him in the minors?

As much as "losing the cap hit" is great, there's the factor of real dollars that come into play as well. There's a reason most teams have bought out players rather than just sending them to the minors.

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Old
09-02-2009, 01:00 PM
  #43
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Originally Posted by dawgbone View Post
And I'm sure every team can afford to drop that money into the minors... If Franzen falls off the map in terms of playing ability at 32, is Detroit going to pay him 18.5 million over 4 years to keep him in the minors?

As much as "losing the cap hit" is great, there's the factor of real dollars that come into play as well. There's a reason most teams have bought out players rather than just sending them to the minors.
It depends how the contract is structured. If the last few years are, say, $1M each, most successful teams would be easily able to absorb it or they could also buy out the contract.

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Old
09-02-2009, 01:07 PM
  #44
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Originally Posted by dashingsilverfox View Post
It depends how the contract is structured. If the last few years are, say, $1M each, most successful teams would be easily able to absorb it
We know exactly how the Franzen contract is structured and we know that based on my example he'd be paid $18.5 mil to go to the minors after my hypothetical situation.

Once a team or two gets bitten in the ass by one of these, it's going go make everyone take a good hard look at them.

Quote:
or they could also buy out the contract.
You should check the buy out results in the last 4-5 years of all those contracts when the dollar amounts drop... it's not pretty.

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Old
09-02-2009, 01:16 PM
  #45
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Soundwave has finally gotten the soft cap he has asked for!

BTW, he is 43 at the end of this deal not 42.
Not that it's a big deal, but he'll be 42. He'll turn 43 a few months after the season is over. Not sure where I'd put the odds of him playing out the full contract, but the Canuck fan in me is thrilled because it doesn't really matter if he retires with a couple years left. Like ppl in the thread have said, it guarantees some stability which is nice.

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Old
09-02-2009, 01:24 PM
  #46
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Originally Posted by dawgbone View Post
And I'm sure every team can afford to drop that money into the minors... If Franzen falls off the map in terms of playing ability at 32, is Detroit going to pay him 18.5 million over 4 years to keep him in the minors?

As much as "losing the cap hit" is great, there's the factor of real dollars that come into play as well. There's a reason most teams have bought out players rather than just sending them to the minors.
This is why I stated in a previous post that what we now have is like a soft cap. Teams with money can avoid the cap somewhat but it will cost them cash.

Where it makes sense to send someone down is in the last few years of these heavily weighted deals. In fact, buyouts at that point don't make much sense because they have little eefect on a players cap hit for these type of deals.

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Old
09-02-2009, 01:35 PM
  #47
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Not that it's a big deal, but he'll be 42. He'll turn 43 a few months after the season is over. Not sure where I'd put the odds of him playing out the full contract, but the Canuck fan in me is thrilled because it doesn't really matter if he retires with a couple years left. Like ppl in the thread have said, it guarantees some stability which is nice.
I agree it is not that big a deal, but hockeydb lists his birthday as April 4, 1979.

http://www.hockeydb.com/ihdb/stats/p....php?pid=26791

Canuck fans should be happy with this deal. It carries risk, but it also allows the team some cap flexibility that could be very valuable. The alternative might have been something like 4-5 years at $7-8M.

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Old
09-02-2009, 01:54 PM
  #48
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I'm going to laugh at one of these deals if the player has a career ending injury or a an injury that doesn't leave them the same afterwards.

it's a good investment, but these deals are going to be gone. The fact is, these deals now will be grandfathered in.

Luongos last 3-4 years are just there to reduce the cap. He'll retire by then.

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Old
09-02-2009, 02:08 PM
  #49
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I think I'm more annoyed that I'm going to have to hear that LOOOOOOOOOOOOOOOUIIIIIIIIIII everytime they play here or I go to GM place for the next 8 years.

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Old
09-02-2009, 02:09 PM
  #50
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Quote:
Originally Posted by harpoon View Post
Been watching hockey long ? Ever since the days of Pavel Bure I've been hearing how this was going to be the year of the whale . I remember hearing it in the nineties when had the so called best line in hockey and the consensus best GM in hockey ... and they didn't win anything then either . Now they have the supposed best goaltender in hockey - actually he's already been there for what three seasons - and they still aren't , and won't be , winning anything . It's destiny .
...and the Oilers?



Sorry, I had to.

Also, I just have to say:



That is hilarious something fierce. Awesome avatar.

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