hf101 Posted June 27, 2019 Share Posted June 27, 2019 After 19 seasons Roberto Luongo leaves the game with three seasons still remaining on the massive 12-year extension he signed with the Canucks in 2009. His decision to retire, rather than going on Florida’s LTIR, impacts both clubs’ bottom lines going forward. Maybe he could have used the LTIR loophole, but his 12 year contract was one that the Canucks knew he would never finish. Instead he will probably be hired by the Panthers at some point as he plans to retire in Florida but wants to be involved with Hockey. I'm not sure what the Vancouver fan opinion is with the 3 year cap hit but he was a part of the Canucks best era the Canucks have had, imo, he's a given Hall of Famer without winning a Stanley Cup or a Veniza. Quote Link to comment Share on other sites More sharing options...
jammer2 Posted September 17, 2019 Share Posted September 17, 2019 On 6/27/2019 at 7:36 AM, hf101 said: After 19 seasons Roberto Luongo leaves the game with three seasons still remaining on the massive 12-year extension he signed with the Canucks in 2009. His decision to retire, rather than going on Florida’s LTIR, impacts both clubs’ bottom lines going forward. Maybe he could have used the LTIR loophole, but his 12 year contract was one that the Canucks knew he would never finish. Instead he will probably be hired by the Panthers at some point as he plans to retire in Florida but wants to be involved with Hockey. I'm not sure what the Vancouver fan opinion is with the 3 year cap hit but he was a part of the Canucks best era the Canucks have had, imo, he's a given Hall of Famer without winning a Stanley Cup or a Veniza. The really stupid thing is the rule never existed when Van signed Luongo to that long deal. GMs got hung out to dry after the fact when a new CBA came in. 1 Quote Link to comment Share on other sites More sharing options...
radoran Posted September 17, 2019 Share Posted September 17, 2019 1 hour ago, jammer2 said: The really stupid thing is the rule never existed when Van signed Luongo to that long deal. GMs got hung out to dry after the fact when a new CBA came in. OTOH, the GMs knew that what they were doing and how they were structuring contracts was circumvention of the intent of the CBA. The subsequent negotiations simply bore that out. Teams are getting (fairly minor) cap penalties instead of losing draft picks and steep fines (a la Kovalchuk). Everybody knew that when players signed these ridiculous long term deals that paid pittances on the back end that they were never going to play them out. Luongo's "actual salary" for the next three years totals $3.6M. To play at 41, 42, and 43. For eight years he was a "$5.5M" cap hit that averaged $7.12M in actual pay. Even adding in LY ($3.4M) they had a $6.7M player on the cap for $5.5M. I'm perfectly fine with the cap recapture penalty. Quote Link to comment Share on other sites More sharing options...
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