2012-2013 Official NHL thread

[Steve9347]

The buyout stuff is interesting. They won't do it, but you could make a very serious case for buying out Hossa so they aren't absolutely cap-f***ed in the final year or two of the deal when he likely doesn't play.

The way the deal was written (to last for f***ing ever) one figures he'll get a nifty bonus (ie buy out) and retire. The value of the actual contract near the end isn't that big a deal, so buying him out is no big deal.

 

Clearly buying him out when he reaches 39 for 3.5 million will make sense vs having that cap hit of 5.33 million.

 

 

2013-14: $7.9 million. (35)

2014-15: $7.9 million. (36)

2015-16: $7.9 million. (37)

2016-17: $4 million. (38)

2017-18: $1 million. (39)

2018-19: $1 million. (40)

2019-20: $750,000. (41)

2020-21: $750,000. (42)

2021-22: UFA

 

With our current ownership, I'm not all that concerned. I think big hoss (you know, when he's on the ice) can contribute until he's 37 at worst. The guy's built like a tank and has the raw talent to be productive (albeit, not a ppg guy) until the age of 40.

Edited June 27, 2013 by Steve9347

[IlliniKrush]

The way the deal was written (to last for f***ing ever) one figures he'll get a nifty bonus (ie buy out) and retire. The cap hits value of the actual contract near the end isn't that big a deal, so buying him out is no big deal.

 

Clearly buying him out when he reaches 39 for 3.5 million will make sense vs having that cap hit of 5.33 million.

 

 

2013-14: $7.9 million. (35)

2014-15: $7.9 million. (36)

2015-16: $7.9 million. (37)

2016-17: $4 million. (38)

2017-18: $1 million. (39)

2018-19: $1 million. (40)

2019-20: $750,000. (41)

2020-21: $750,000. (42)

2021-22: UFA

 

With our current ownership, I'm not all that concerned. I think big hoss (you know, when he's on the ice) can contribute until he's 37 at worst. The guy's built like a tank and has the raw talent to be productive (albeit, not a ppg guy) until the age of 40.

If he retires, the cap hit would still be much higher. Everything I've read says that it's not that "easy" to get around the final few years of the deal, with any sort of buy-out. 2 articles below outline some of how it works.

 

As far as him contributing until 37+, he's been banged up, so who knows how long he lasts.

 

http://sports.yahoo.com/blogs/nhl-puck-dad...-152721636.html

 

http://thehockeywriters.com/marian-hossa-buyout-candidate/

[Steve9347]

If he retires, the cap hit would still be much higher. Everything I've read says that it's not that "easy" to get around the final few years of the deal, with any sort of buy-out. 2 articles below outline some of how it works.

 

As far as him contributing until 37+, he's been banged up, so who knows how long he lasts.

 

http://sports.yahoo.com/blogs/nhl-puck-dad...-152721636.html

 

http://thehockeywriters.com/marian-hossa-buyout-candidate/

I put right in there that his cap hit throughout the deal is 5.33 million (albeit, edited like 2 seconds after post to clarify).

 

NHL teams may buy-out player's contracts, but must still pay a portion of the money still owed which is spread out over twice the remaining duration of the contract. Any player can be bought out for one-third of the remaining salary if younger than 26 at the time of termination, or two-thirds if 26 or older, over twice the length of the remainder of their contract. Trading cash for players or agreeing to pay a portion of a player's remaining salary after trading him was forbidden in the 2005 CBA in order to prevent wealthier teams from evading the restrictions of the cap (this provision was eased in the 2013 CBA; see Trades below). It is also prohibited to renegotiate a player's contract in any way. The only way to end a player's contract early is to buy it out, or have the player retire, and then only if the contract took effect prior to a player turning 35.

 

That said, the whole thing is farking confusing.

[Jake]

wow, pretty cool.

 

I'm not a jersey guy but that code gets you $75 off the Reebok Edge jersey. Might have to buy something now just for that deal.

 

Looks like they don't have Edge jerseys on there for whatever reason. Also, no "A" on the Keith/Sharp jerseys? Da f***? Still want to pull the trigger but sizes are limited, might have to go with Toews

[IlliniKrush]

I put right in there that his cap hit throughout the deal is 5.33 million (albeit, edited like 2 seconds after post to clarify).

 

NHL teams may buy-out player's contracts, but must still pay a portion of the money still owed which is spread out over twice the remaining duration of the contract. Any player can be bought out for one-third of the remaining salary if younger than 26 at the time of termination, or two-thirds if 26 or older, over twice the length of the remainder of their contract. Trading cash for players or agreeing to pay a portion of a player's remaining salary after trading him was forbidden in the 2005 CBA in order to prevent wealthier teams from evading the restrictions of the cap (this provision was eased in the 2013 CBA; see Trades below). It is also prohibited to renegotiate a player's contract in any way. The only way to end a player's contract early is to buy it out, or have the player retire, and then only if the contract took effect prior to a player turning 35.

 

That said, the whole thing is farking confusing.

It is confusing. But I still think the cap hit would be higher, but not positive. Otherwise I feel everything written about it would be irrelevant, and this would be an easy workaround later on. It just doesn't seem that easy based on what people who read this stuff more than us are saying about it.

 

I guess we'll figure it out way down the road...

[IlliniKrush]

I think I got it. Cap advantage recapture...there's a new term:

 

http://thedecadentmoose.com/marian-hossa-a...liance-buyouts/

 

Advantage Recapture (contracts of 7 or more years in duration)

This tasty morsel also goes by the “Roberto Luongo Rule” moniker, as if nothing good ever comes from that town [Hint: nothing ever does]. It boils down to penalizing benefits gained up front and applying them to the back end of the deal. I mentioned Hossa “saves” Chicago $2.625MM each year for the first seven years. If he continues to play here, that’s $18.375MM over the course of the contract [it should be noted this number has not been adjusted for the just-concluded 48-game season]. According to CapGeek.com (and confirmed by the League), teams do not receive a credit for seasons with negative cap benefit (where cap hit exceeds salary).

 

Confused? Of course you are. Black-hearted lawyers wrote this. Basically:

 

Salary > Cap Hit … needs to be punished

Cap Hit > Salary … no one cares

 

This number, in this case $18.375MM, becomes significant in respect to when Hossa hangs them up in retirement. If he honors the contract by playing it out, then all’s well; there is no penalty for being compliant. Otherwise, the NHL will impose a cap hit. Again, per CapGeek.com: Following retirement/defection, the “advantage” will be “recaptured” and charged against the club’s cap in equal amounts each year until the contract expires.

 

If Hossa plays the rest of his career in Chicago and retires one year early, all $18.375MM hits the 2020-21 Cap for Chicago. To put that in perspective, the summer of 2010 saw less need to shed money, only around $14MM, which resulted in trading half the team. If Hossa retires two years early, approximately $9.2MM is applied to both the 2019-2020 and 2020-21 Cap. It is tough to imagine what the salary cap may be then, but it is easy to assume this penalty would be at least a 10% handicap both seasons.

[Steve9347]

Well. Trade Hoss!

[LittleHurt05]

I think I got it. Cap advantage recapture...there's a new term:

 

http://thedecadentmoose.com/marian-hossa-a...liance-buyouts/

 

That's absolutely ridiculous. I can't believe they didn't grandfather those contracts in, they were legal when signed.

[RockRaines]

Oh lord.

 

Saad - Toews - Kane

 

Sharp - Lecavalier - Hossa

Dick tease

[southsider2k5]

You'd have to dump one of the big salaries players for no salary back to make it even possible.

[LittleHurt05]

LeBrun (ESPN) reporting that the Hawks have been shopping Bolland already. Clearing up cap space for LeCavalier?

 

Also, Montador & Olesz will be bought out. (Who?)

[southsider2k5]

Is Crawford in a contract year?

[Steve9347]

The final 2 minutes of Game 6 - with WGN local audio.

 

[GoSox05]

[IlliniKrush]

LeBrun (ESPN) reporting that the Hawks have been shopping Bolland already. Clearing up cap space for LeCavalier?

 

Also, Montador & Olesz will be bought out. (Who?)

Wouldn't mind moving Bolland...he's a shell of the player he used to be. I could see LeCavalier playing one year somewhere, then going back to TB (Tampa can't just buy out and then sign him, has to wait a year).

 

Olesz = Campbell deal.

 

Is Crawford in a contract year?

No, UFA next summer.

[GoSox05]

Hawks are in much better shape following this championship. They have some cap room and some younger players in Rockford who about ready. Morin, Hayes and Pirri.

[RockRaines]

Bolland's face off win after the goal was huge.

[RockRaines]

Hawks are in much better shape following this championship. They have some cap room and some younger players in Rockford who about ready. Morin, Hayes and Pirri.

We have a few D men as well and I was impressed with LeBlanc in his brief visit to Chicago.

[RockRaines]

The cap is supposed to be coming down almost 6 million this off-season, correct? I don't see anyway they can move a guy like Bolland, and if they do, I assume it will be to re-sign Bickell. Too many suitors for a guy like LeCavalier.

God I hope they dont break the bank on Bickell.

[GoSox05]

God I hope they dont break the bank on Bickell.

 

I don't think they will. They probably have a set number on what they want to pay him. If he goes over that, bye bye.

[IlliniKrush]

May take a hometown discount, per the Score update.

[Soxfest]

The final 2 minutes of Game 6 - with WGN local audio.

 

That will never get old EVER!

[LittleHurt05]

May take a hometown discount, per the Score update.

 

I heard that too, but what else can a guy say at the season-closing press conference. It's much easier to say that until some team throws stupid money at you, we will see. Would be nice though.

 

Some good quotes from the press conference today:

 

Hossa: "I haven't slept in two days but don't tell my wife, she's in Europe."

 

Kane: "The last few days have been more tiring then the playoffs."

 

Seabrook: Not really thinking about a third cup right now, guys just want to drink some water

 

 

[CanOfCorn]

Oh great Kane is drinking again.

 

We should trade him for Ryan Miller!

 

 

WHAT HAVE YOU DONE?!?!

 

From HockeyBuzz.com

Finally, there are lots of conversations going on. I heard this morning from a very solid source that the Sabres have inquired about a blockbuster deal for Patrick Kane. Will it happen? Likely not in this century. But as I always say, conversations do happen.

[Steve9347]

LOL. Kaner is completely untouchable unless the words Stamkos, Sid, or Malkin are involved.