Yes I also learned it late last night and felt shock, loss and personal grief. Maybe a trigger to memories of deaths of young friends that I saw when younger. But anyway, this was hockey and suddenly death came to the game and hockey became relatively meaningless. These two young men, one of whom we watched and knew cut off in a second in the prime of life. The discussions here about the perpetrator and drunk and reckless driving serve to distract a bit from the emotional reality. To rationalize it as preventable, reasonable as being bad action so to speak. But the raw reality is sudden and violent death and it is sad and frightening beyond expression . (The parents losing both sons too).
A deferred payment is literally written in tot he language of the CBA. This isn't a "this isn't illegal" thing, this is a "it is literally defined as legal."
Yeah, I'm not taking it so well either. And I usually don't take these types of things too badly, since I didn't know them. I'm usually sad for the loss and have empathy, but this kind of sent me into an emotional tailspin.
One thing I have been meaning to say on a happier note.
same could be said for a baby in the back seat. problem is this country has a short attention span and majority of the people wont care in x amount of time and move on until the next tragedy
Isn’t the entire point of the deferred money from the team’s perspective to get the cap hit down to 7.5 from 7.9? Sounds like this has been allowed for almost 20 years but it just hasn’t happened because players don’t want to do it. I’m sure management would do this all the time if players wanted to — why not lower the cap hits?
I’d state the point as this is to ensure cap hits match the value of when the dollars are given. It wouldn’t surprise me if we checked and front loaded contracts actually carry a slightly higher cap hit than expected due to getting paid earlier, but again at such a marginal difference it matters little.
This is more akin to the player taking a team friendly deal than artificially lowering the cap hit. If the total contract number is 63 million paid straight, this is closer in value to a contract worth 60 million. The player, all other things being equal would prefer his money up front, because money paid today is more valuable than money paid 9 years from now. The options aren’t 63 paid normally or 63 under this structure. It’s something like 63 this way or 60 paid normally, or 57 maximally front loaded.
That is not an 8.6M cap hit contract.
Yes but you have to pay more to make it worth it to the player. the cap hit will be similar either way unless the player's agent is a moron
I actually have the math as coming out to a cap hit of ~$12.4 million for that scenario.
