Proposal: Carey Price contract?

[Quatre Vingt Treize]

Any teams wanting to reach cap floor? After July 1 Montreal may move Carey Price contract. Only next season left on his contract and caphit is 10.5 m. But actually costs to team is zero.

Because after we pay his bonus on July 1 his salary is only 2 million. Even better than that it's insured. So, be no financial costs to acquiring team.

What teams be interested in reaching cap floor next season? Something like Chicago did last year with Shea Weber contract.

 

[M Ace]

Oilers may lure him out of retirement come wednesday?

 

[Jumptheshark]

Any teams wanting to reach cap floor? After July 1 Montreal may move Carey Price contract. Only next season left on his contract and caphit is 10.5 m. But actually costs to team is zero.

Because after we pay his bonus on July 1 his salary is only 2 million. Even better than that it's insured. So, be no financial costs to acquiring team.

What teams be interested in reaching cap floor next season? Something like Chicago did last year with Shea Weber contract.

My understanding if he is on LTIR he does not count against the cap. To have him count against the cap he needs to be on the roster. I know there have been several changes to what teams can do to the LTIR. Also, Prices contract is insured so insurance pays the contract and if he is on the active roster, the team pays.

Could be wrong and correct me if so

 

[MrLunatik]

My understanding if he is on LTIR he does not count against the cap. To have him count against the cap he needs to be on the roster. I know there have been several changes to what teams can do to the LTIR. Also, Prices contract is insured so insurance pays the contract and if he is on the active roster, the team pays.

Could be wrong and correct me if so

You are wrong.

All players on LTIR count against the cap... they just trigger an overage allowance equal to their cap hit (there are some exceptions on teh amount, but I don't want to confuse things). This is why some teams are "over the cap"... the difference between this and them not counting, is when you are under the cap you can accrue cap space (if you're under the daily threshold by 100k every day for 125 days before the deadline you would accrue $12.5m in cap space that could be used at the deadline. If you are using LTIR, you cannot accrue cap space, because you have none.

 

[montreal]

 

[MrLunatik]

I imagine a return for taking his cap hit on would be in the 3rd/4th round or equivalent prospect range.

 

[Qwijibo]

I imagine a return for taking his cap hit on would be in the 3rd/4th round or equivalent prospect range.

More likely it's a "future considerations" transaction. A budget team can avoid paying the $5.6m in cap floor increase by taking on his contract. It costs them nothing and saves them millions

 

[Quatre Vingt Treize]

I imagine a return for taking his cap hit on would be in the 3rd/4th round or equivalent prospect range.

We are asking for a trade like Black Hawks did last year with Utah. They sent Weber and a B prospect to Chicago for a 5th round pick.

 

[TheNewEra]

this sounds like an anaheim move, dont think they are a cap ceiling team and i think they will be close to the cap floor after their resignings. This would put them safely over the cap floor and gain something small out of it

 

[Empoleon8771]

More likely it's a "future considerations" transaction. A budget team can avoid paying the $5.6m in cap floor increase by taking on his contract. It costs them nothing and saves them millions

A team isn't going to help Montreal out by taking Price's contract for free.

Montreal will probably pay like a 3rd or a B prospect for someone else to take on his deal.

 

[MrLunatik]

More likely it's a "future considerations" transaction. A budget team can avoid paying the $5.6m in cap floor increase by taking on his contract. It costs them nothing and saves them millions

you know, except the actual money that still has to be paid because insured contracts don't mean 100% is paid by insurance... I've also seen conflicting information about whether or not it is insured too.

no team is going to eat that cap hit out of the goodness of their hearts and there aren't any teams that will have issues hitting the floor

 

[Qwijibo]

A team isn't going to help Montreal out by taking Price's contract for free.

Montreal will probably pay like a 3rd or a B prospect for someone else to take on his deal.

If it's a mutually beneficial trade where the team taking the contract gets over the cap floor without spending millions of dollars then it's not really just "helping Montreal out" we'll see how it plays out but I wouldn't be surprised to see it go down as a future considerations deal. If Montreal has to add a small sweetener, fine. But with the cap floor jumping up by $5.6m there are going to see a $10.5m cap hit with zero dollars payable as an attractive asset

 

[Empoleon8771]

If it's a mutually beneficial trade where the team taking the contract gets over the cap floor without spending millions of dollars then it's not really just "helping Montreal out" we'll see how it plays out but I wouldn't be surprised to see it go down as a future considerations deal. If Montreal has to add a small sweetener, fine. But with the cap floor jumping up by $5.6m there are going to see a $10.5m cap hit with zero dollars payable as an attractive asset

Why would a team agree to take on Price's contract for free when they could just sign UFAs instead?

The reports are that Montreal may need to move Price's deal to add to their team this off-season. Other teams have options to hit the cap floor. From a leverage point of view, Montreal clearly has less leverage than any team acquiring Price's deal.

 

[frightenedinmatenum2]

Insurance doesn't cover the entire salary.

If there is a team that expects to already be in LTI the entire season, I could see something like Price+4th.

As in, let's say Philadelphia spends enough to exceed the cap ceiling and they are going to have Ellis, who is "LTIRetired" placed on LTIR. Acquiring Price won't change their cap situation at all since, so then it comes down to what they value the post insurance cost of Price at.

Toronto has made similar moves at the TDL before.

I don't think it will be a budget team. There aren't any budget teams who will need to hit the floor.

 

[Qwijibo]

Why would a team agree to take on Price's contract for free when they could just sign UFAs instead?

The reports are that Montreal may need to move Price's deal to add to their team this off-season. Other teams have options to hit the cap floor. From a leverage point of view, Montreal clearly has less leverage than any team acquiring Price's deal.

Again. There's zero dollars payable. After his bonus is paid the remainder is covered by insurance. They get a $10.5m cap hit and don't pay a dine. If they sign a UFA they need to pay them. If the team is a cap floor budget team the fact that they can cover the cap floor increase without spending a dime is the selling point

 

[Qwijibo]

Insurance doesn't cover the entire salary.

If there is a team that expects to already be in LTI the entire season, I could see something like Price+4th.

As in, let's say Philadelphia spends enough to exceed the cap ceiling and they are going to have Ellis, who is "LTIRetired" placed on LTIR. Acquiring Price won't change their cap situation at all since, so then it comes down to what they value the post insurance cost of Price at.

Toronto has made similar moves at the TDL before.

I don't think it will be a budget team. There aren't any budget teams who will need to hit the floor.

The cap floor is increasing by $5.6m this season. There very well could be teams that struggle to hit it

 

[Mrfenn92]

He’s San Jose bound

 

[Captain Mountain]

Why would a team agree to take on Price's contract for free when they could just sign UFAs instead?

The reports are that Montreal may need to move Price's deal to add to their team this off-season. Other teams have options to hit the cap floor. From a leverage point of view, Montreal clearly has less leverage than any team acquiring Price's deal.

There are no reports that say that. There's a reasonable opinion and a talking point that, based on reports which say Montreal intends to be aggressive, moving Price's contract may make sense in order to avoid potential bonus overages in 2026-2027. And considering Hutson, Demidov and others could earn substantial bonuses, that makes sense. But its also contingent on there being moves out there that would encourage Montreal to specifically make that move, considering they have substantial salary coming off the books that offseason as well.

We already have examples of contracts like Price's being moved for basically nothing (like Weber, twice). He'll cost basically nothing salary-wise, and that salary is insured.

And frankly, spending a lot of money in Free Agency just for the sake isn't exactly a better strategy, or something every team's ownership wants to do.

Nor is a Price move necessarily a cap dump. It could also be a trade with a more veteran team with cap concerns shifting a contract that they can't quite afford for a LTIR contract they can play games with.

 

[Chose]

Or a team that is threatened to go over the cap via an offersheet or natural contract growth.
I can see Vegas or Toronto looking into this by sending a playing player to erase his AAV from the cap and get flexibility (Dadonov/Weber style)

 

[SML2]

This is everything I hate about this league. If you're going to have a cap and allow blatant circumvention, then just get rid of it. You shouldn't be able to use a player everyone knows is never playing again to reach the floor, and that Tampa/Vegas post season bullshit needs to stop too. At no point should you get to send a team out on the ice that has an advantage because they let someone sit on their couch until the day the playoffs start, then he's magically fine.

 

[pth2]

I expect Price gets moved to a cap team, for a bad contract, a bit like Weber for Dadonov.
A team at the cap will prefer a LTIR contract to a 5M guy they actually have to pay and fully counts against the cap.

 

[Ledge And Dairy]

Any teams wanting to reach cap floor? After July 1 Montreal may move Carey Price contract. Only next season left on his contract and caphit is 10.5 m. But actually costs to team is zero.

Because after we pay his bonus on July 1 his salary is only 2 million. Even better than that it's insured. So, be no financial costs to acquiring team.

What teams be interested in reaching cap floor next season? Something like Chicago did last year with Shea Weber contract.

Wasn't half the reason he hasn't been moved yet that his deal isn't fully insured?

 

[EveryDay]

I expect Price gets moved to a cap team, for a bad contract, a bit like Weber for Dadonov.
A team at the cap will prefer a LTIR contract to a 5M guy they actually have to pay and fully counts against the cap.

Montreal won't do that because it doesn't make sense. Better keep Price on LTIR and use his 10.5M instead of taking a cap dump.

 

[pth2]

Montreal won't do that because it doesn't make sense. Better keep Price on LTIR and use his 10.5M instead of taking a cap dump.

Not if Montreal won't reach the cap, and would like to stop pushing bonuses forwards

 

[Captain Mountain]

Wasn't half the reason he hasn't been moved yet that his deal isn't fully insured?

No? The major reason his contract wasn't moved is because Montreal didn't need to move his contract. They were deeper in the rebuild, which is why they've been compensated to take on salary every offseason prior to this one. Bonus overages didn't matter as much because Montreal wasn't looking at any UFAs and wasn't making serious hockey trades.