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Proposal: Carey Price contract?

MakeCgyGreatAgain said:
In order for him to count against the cap he has to be on the roster. Why would a team want to take away a roster spot for the full year just to do Mtl a favour
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Yeah. He has to be on the roster. But again, where does the idea that this is strictly "doing Montreal a favour? " . A rebuilding team that's lookingbtobmansge thier budget while in the rebuild can play thirr young, cheap guys and stay above the cap floor by utilizing Price's $10.5m cap hit while paying practically nothing in real dollars. It's not like it hasn't been done before. There may be a small sweetener added by Montreal but i can't see it being more than a mid/late round pick
 
Jumptheshark said:
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
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I'm pretty sure the issue for the habs is that he still counts on the cap till the season starts then they can put him on ltir so they can't use that $$$$ till then so they miss out on free agents.
 
Imagine Price to Edmonton for Evander Kane. Edmonton frees up 5M to improve elsewhere since Price stays on LTIR, Montreal takes on Kane's contract but is no longer constantly having to balance LTIR restrictions which are a pain

Replace Kane by any other expiring contract on any team at the cap maximum anyways.
 
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Captain Mountain said:
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.
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Original plan was to let Price play out his contract and finish a Hab. But with Montreal success this year they are close to cup contender. We only have 7m in caproom if we keep him. But 18m if we move him.

Salary is insured but bonus was not. Last bonus will be paid to Price on July 1st. Leaving only 2 million in salary next year which is insured.
 
jellybeans said:
I'm pretty sure the issue for the habs is that he still counts on the cap till the season starts then they can put him on ltir so they can't use that $$$$ till then so they miss out on free agents.
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LTIR actually sucks. Needs to be changed next CBA.

We allowed to go over 10% this summer. Then put Price on LTIR to start season. That's no problem. But Its better if we trade him and start the year 2 or 3 million under the cap. Because cap is pro- rated by trade deadline we would have 20 million in caproom. Also bonus money has to be carried over into the next year if we use LTIR. If we are under the cap we can use that amount to pay our bonuses.
 
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Quatre Vingt Treize said:
LTIR actually sucks. Needs to be changed next CBA.

We allowed to go over 10% this summer. Then put Price on LTIR to start season. That's no problem. But Its better if we trade him and start the year 2 or 3 million under the cap. Because cap is pro- rated by trade deadline we would have 20 million in caproom. Also bonus money has to be carried over into the next year if we use LTIR. If we are under the cap we can use that amount to pay our bonuses.
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Forgot about the 10% you are correct
 
Empoleon8771 said:
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.
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There maybe an internal cap as reason for not signing UFAs. The Habs maybe better off in the long term to try to fill their needs from within. Next year is not considered a cup run year yet and they have shown to be a playoff team with a roster that should improve organicly. If need be Price can be put on LTIL for one last year if a deal arises.
 
His total salary next season is 7.5m, of which 5.5m is signing bonus due this July 1st…considering it’s just 2m remaining, he should just retire after the signing bonus is paid and remain a single team player.
 
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TheNewEra said:
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
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Not really. The owner just made a statement the other day talking about the Ducks spending money to compete, including through free agency. They’re not rebuilding any longer.
 
Bobby Ryan Getzlaf said:
Not really. The owner just made a statement the other day talking about the Ducks spending money to compete, including through free agency. They’re not rebuilding any longer.
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im not saying in terms of they are still rebuilding, i was saying more so in the sense that they are not going to be an immediate cap ceiling team, so they can get to gain an asset and go from there.
 
TheNewEra said:
im not saying in terms of they are still rebuilding, i was saying more so in the sense that they are not going to be an immediate cap ceiling team, so they can get to gain an asset and go from there.
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Don’t see Verbeek having any interest as they’ll have no problem reaching the floor. The Ducks haven’t been a team that takes players for free assets when they probably should’ve been, over the past few years, unfortunately.
 
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Qwijibo said:
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
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I am not sure i understand - Mtl has Price on LTIR. His contract counts on the habs' cap, but they are given an allowance equal to his salary to make up for it. Prices' salary, is covered (in part? completely?) by insurance right now, meaning the losses to the owner are negligible or nonexistent.

Given the scenario above, it seems to me that the person acquiring Price would benefit more than the habs from this trade; the team acquiring price would have cap ceiling or floor issues. This move would buy them time to deal with those specific situations until his contract expires, and potentially save them more money than the habs would have had to pay Price in the first place.

I guess my question is, why wouldn't the habs ask for a return if this situation means they are helping another team out?
 
Quatre Vingt Treize said:
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.
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By montresls stsndards....Montreal needs to add s 1st to unload his contract
 
Gaud said:
to get rid of the contract? Didnt vegas give Dadonov to use Weber's LTIR to help with their cap issues?
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Vegas was also getting rid of the contract in that situation as they were in cap hell and I'm pretty sure the relationship between Dadonov and the Golden Knights had soured due to the attempted trade to Anaheim that didn't go through because Dorion
 
Gaud said:
I am not sure i understand - Mtl has Price on LTIR. His contract counts on the habs' cap, but they are given an allowance equal to his salary to make up for it. Prices' salary, is covered (in part? completely?) by insurance right now, meaning the losses to the owner are negligible or nonexistent.

Given the scenario above, it seems to me that the person acquiring Price would benefit more than the habs from this trade; the team acquiring price would have cap ceiling or floor issues. This move would buy them time to deal with those specific situations until his contract expires, and potentially save them more money than the habs would have had to pay Price in the first place.

I guess my question is, why wouldn't the habs ask for a return if this situation means they are helping another team out?
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there aren't any teams that are going to have difficulty reaching the floor. 22/32 teams are already over the floor, another 7 are within 10m. Only 3 teams are more than 10m away from teh floor... the other 3 won't have issues reaching the floor due to RFAs that need to be signed and filling out their roster.
 
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