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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
There seems to be a lot of misunderstanding in the comments of Drancer's post about cap recapture, so I thought I'd make a post about it. For starters - he's completely right. It's total bullshit that teams get penalized for contracts signed legally. But for some reason a lot of fans got this idea that the penalties are being absolved or reduced. That is categorically untrue. Legal contracts of players like Weber, Parise and Suter are still eligible for recapture penalties.
What happens now is that the value of a recapture penalty cannot exceed the AAV of the contract. Take Shea Weber - Nashville paid him $56 million dollars, and he accrued a cap hit of around $31.4 million, prior to his 2016 trade to Montreal. So they have a penalty of $24.5 million. If Weber were to retire with a year left, under he prior rules, this full penalty would hit them in one year. Now, what would happen is his $7.857 million cap hit would be penalized against the cap until the penalty was paid off. In other words, if Weber retires with one year left on his deal in 2025:
Old Rules:
2025-26: $24.6 million
New Rules:
2025-26: $7.857 million
2026-27: $7.857 million
2027-28: $7.857 million
2028-29: $1.03 million
They're still penalized the full amount of money, but over a longer time. So while they wouldn't have to shed, say a ton of contracts for a single year, they'd have to find a lot of room for a much longer time. We aren't the only team penalized (New Jersey and Los Angeles have recaptures as well), but we just happened to have a really tough situation. Thus far, the league has enforced it on every contract that qualifies. If they somehow absolve Nashville, Minnesota, etc, then we have a right to get irate.
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To add on, the only way the this would have applied to the Canucks would have been if Luongo retired after next season, and then the $9 million recapture would have been broken up over 2 seasons with $5.3 million for 2021-22 and the remainder for 2022-23.
Frankly, 3 seasons of knowing about a ~$3 million hit is easier to navigate then a sudden $5.3 million hit. As well, this is a result of a decision by Luongo to retire and leave the remainder of his contract on the table. Comparisons to other players like Pronger, Hossa, etc, don't make sense given those players made the choice to stay 'active' in the League. The NHL has been fairly consistent about how they've managed the recapture penalties so this persecution complex going around is naive.
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the persecution complex is because fans don't pay attention to what else happens around the league, and get pissy. Yeah the canucks have been hit the hardest with recapture, but that's just how the rules ended up applying the recapture with the circumstances regarding Luongo's retirement. It just looks unfair when you look at the Canucks page on capfriendly, but the rules have been strictly and fairly applied across the board. It's just annoying when Luongo could have accepted a trade to Vancouver to LTIRetire or LTIRetired with the Panthers.
For example, Kovalchuk was just hitting the years of his salary being above his cap hit. He played two years for less, and one year for more. So the cap benefit the Devils received was still relatively low, and his remaining contract length was super long, ergo super low recapture. If he had played through the his high salary years, and retired when the salary dipped below the cap hit, the Devils would have been yeeted by recapture.
The truth is, LU should've gone on LTIR like everyone else.
So Lu should have gamed the system like every other player and because he didn’t, he loses money and the Canucks get fucked? Yeah, really hammering home NHL ethics.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
Brackett is an amateur scout. He probably knows about as much as you and I do about the current roster.
Was just talking to a friend about that possibility. Curious how much he may know about the current roster and did any part of his hiring have anything to do with the current playoffs.
Either way, good that he got another gig. The Wild can definitely use it as a lot of their core is getting up there in age.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
i think all players are tradeable at the right price and all offers should be considered, doesn't mean they're necessarily actively shopping them around.
It would be the most NHL thing ever if we end up losing in the first round, win the draft lottery, and New Jersey gets the 1st overall pick from the Miller trade.
It would be the most NHL thing ever if we end up losing in the first round, win the draft lottery, and New Jersey gets the 1st overall pick from the Miller trade.
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