Friedman: Guentzel extension with Canes almost done?

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StreetHawk

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Sep 30, 2017
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may also be about contract structure. Someone can correct me if I'm wrong on this but IIRC bonuses aren't subject to the jock tax BS. 8M in pay with all but say 1-1.5M being bonuses would go a lot farther than 8M in straight salary if that's the case.
Forling's $5.75 mill aav looks like a steal, but it's also only $1 mill in salary and the rest in Bonuses. So, that would be taxed at the FLA state tax. So, structure matters as does trade protection.

but, too much SB means he can't be bought out... So, that's that downside of it.
 
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NextGoalIsHuge

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Nov 19, 2017
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Oof. Sounds like Advantage: Carolina.

8x8 = $64M

To match that, we'd have to pony up approx: 9.14 AAV over 7 yrs.
...and that's before any consideration to net pay after taxes....

Of course, this is just all rumours until something is announced.
 

bleedgreen

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Dec 8, 2003
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Dude it's not that serious, I was just giving my opinion on the rumors. Getting defensive about it and saying "you're just trying to make this a negative!" is needless.
You’ve had two posts that the Canes are being “odd” or “unreasonable” just on this page!

Off what you are saying yourself is a rumor. If you don’t want a negative reponse back don’t say negative things. Just because you think he should get 10+ doesn’t mean the Canes were nuts for negotiating.
 

StickShift

In a pickle 🥒
Feb 29, 2004
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may also be about contract structure. Someone can correct me if I'm wrong on this but IIRC bonuses aren't subject to the jock tax BS. 8M in pay with all but say 1-1.5M being bonuses would go a lot farther than 8M in straight salary if that's the case.
I think contract structure is probably the biggest issue. Guentzel is probably seeking a NMC throughout the contract, and maximized signing-bonuses (which are paid regardless of a player being bought out or not).

Given Tom Dundon's reputation as being a stickler I wonder how easy it is for those components to be negotiated.

A $64-million dollar deal is one thing. A $50-million guaranteed signing bonus contract is a different beast.
 

StickShift

In a pickle 🥒
Feb 29, 2004
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Latest from Pierre LeBrun:
Let’s start with Jake Guentzel, who would be the most sought-after forward if he goes to market.
The Carolina Hurricanes have had the full-court press on all week trying to bridge the gap, and according to league sources, increased their latest offer to eight years at $8 million per season. That’s in the ballpark, I believe, of what Guentzel’s camp originally wanted when this discussion began several weeks ago.
But as of Friday morning, the Canes were still waiting for an answer from Guentzel’s camp, led by veteran agent Ben Hankinson. So we’ll see where this goes, but I wonder if it might be too alluring for Guentzel to dip his toes into free agency Monday while still leaving the door open on a Hurricanes return, knowing what’s on the table from them.
I’m not sure how this one will end, but it’s in a delicate and fascinating place.
There are whispers that Vancouver might be willing to go seven years and $9 million a season for Guentzel, but that’s unconfirmed at this point. Obviously there would be a long list of suitors for Guentzel regardless if he goes to market.

I'll reiterate my opinion again. It's weird that Carolina has "met the offer" and they are waiting in silence. Pierre LeBrun is picking up on it too.
 

newsportsfan123

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Dec 16, 2019
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Latest from Pierre LeBrun:
Let’s start with Jake Guentzel, who would be the most sought-after forward if he goes to market.
The Carolina Hurricanes have had the full-court press on all week trying to bridge the gap, and according to league sources, increased their latest offer to eight years at $8 million per season. That’s in the ballpark, I believe, of what Guentzel’s camp originally wanted when this discussion began several weeks ago.
But as of Friday morning, the Canes were still waiting for an answer from Guentzel’s camp, led by veteran agent Ben Hankinson. So we’ll see where this goes, but I wonder if it might be too alluring for Guentzel to dip his toes into free agency Monday while still leaving the door open on a Hurricanes return, knowing what’s on the table from them.
I’m not sure how this one will end, but it’s in a delicate and fascinating place.
There are whispers that Vancouver might be willing to go seven years and $9 million a season for Guentzel, but that’s unconfirmed at this point. Obviously there would be a long list of suitors for Guentzel regardless if he goes to market.

I'll reiterate my opinion again. It's weird that Carolina has "met the offer" and they are waiting in silence. Pierre LeBrun is picking up on it too.
How is it weird they put an offer in and are waiting for his camp?
 

bleedgreen

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Dec 8, 2003
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Latest from Pierre LeBrun:
Let’s start with Jake Guentzel, who would be the most sought-after forward if he goes to market.
The Carolina Hurricanes have had the full-court press on all week trying to bridge the gap, and according to league sources, increased their latest offer to eight years at $8 million per season. That’s in the ballpark, I believe, of what Guentzel’s camp originally wanted when this discussion began several weeks ago.
But as of Friday morning, the Canes were still waiting for an answer from Guentzel’s camp, led by veteran agent Ben Hankinson. So we’ll see where this goes, but I wonder if it might be too alluring for Guentzel to dip his toes into free agency Monday while still leaving the door open on a Hurricanes return, knowing what’s on the table from them.
I’m not sure how this one will end, but it’s in a delicate and fascinating place.
There are whispers that Vancouver might be willing to go seven years and $9 million a season for Guentzel, but that’s unconfirmed at this point. Obviously there would be a long list of suitors for Guentzel regardless if he goes to market.

I'll reiterate my opinion again. It's weird that Carolina has "met the offer" and they are waiting in silence. Pierre LeBrun is picking up on it too.
They met the offer from weeks ago. The obvious implication is this close to free agency his agent has been talking around the league and wants to move the goal posts. I’m missing the “weird”.
 
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Trade

Guentzel is ELITE
Apr 13, 2015
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8.75m per would be a f***ing steal for Guentzel.

He’s gonna take 8.7, isn’t he?

;__;7
 

Raistlin

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Aug 25, 2006
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with how many camps are interested in Guentzel and a known entity has already moved players out to fit him in, Hankinson must have new demands. He represent Boeser and Blueger, and just got off the phone with Allvin less than a week ago, must know what Canucks' offer is.

its all on how Guentzel wants to spend his next 7 or 8 years with his family now.
 

chethejet

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Feb 4, 2012
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He is giving the cane s a discount, but he likes the roster and something for a cup. He doesn't do that in Pittsburgh and quite frankly he wanted the Pens to tie up that money and Dubas just isn't going to do that. Dubas got a return that was in line with what was out there. Good luck to him but Pens have to get a roster that is bigger with more grit and plays with more balance.
 
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Ugene Magic

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Oct 17, 2008
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The 8x8 is good, but the workings could be like....

Front loaded with signing bonuses.

1. 13.0 - Signing (bonus 10.0 - salary = 3.0
2. 12.0 - Signing (bonus 9.0 - salary = 3.0
3. 11.0 - Signing (bonus 6.0 - salary = 5.0
4. 10.0 - Signing (bonus 5.0 - salary = 5.0
5. 7.0 - Signing (bonus 3.0 - salary = 4.0
6. 5.0 - Signing (bonus 1.0 - salary = 4.0
7. 3.0
8. 3.0

He get's 34.0 upfront and actual salary of 30.0 spread over 8 years.
 
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Regal

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Mar 12, 2010
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The 8x8 is good, but the workings could be like....

Front loaded with signing bonuses.

1. 13.0 - Signing (bonus 10.0 - salary = 3.0
2. 12.0 - Signing (bonus 9.0 - salary = 3.0
3. 11.0 - Signing (bonus 6.0 - salary = 5.0
4. 10.0 - Signing (bonus 5.0 - salary = 5.0
5. 7.0 - Signing (bonus 3.0 - salary = 4.0
6. 5.0 - Signing (bonus 1.0 - salary = 4.0
7. 3.0
8. 3.0

He get's 34.0 upfront and actual salary of 30.0 spread over 8 years.

My understanding is no year can be less than 60% of the highest year
 

TheReelChuckFletcher

Former TheRillestPaulFenton; Harverd Alum
Jun 30, 2011
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“They’ve made a lot of progress on a contract extension for him here in Vegas. I’ve heard they’re grinding away at it late yesterday. It could announced as soon as the draft or in the next few hours here.”

- Emily Kaplan on the Point pre-draft show

Carolina loves to give us a heart attack, do they...lol
 
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Pengu

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Jun 24, 2016
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You'd be a moron if you signed with a team just a couple of days before free agency. Only a stupid offer should persuade you as the player has 100% off all the leverage. You can whine about the 8th year as much as you want but 31 other teams can bid for your services....
 

Lempo

Recovering Future Considerations Truther
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Feb 23, 2014
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My understanding is no year can be less than 60% of the highest year
Your understanding is correct, that is how they amended it in the 2022 MOU to extend the CBA until 2026 (Rule #67).

CBA §50.7(a) amended to provide as follows: For all "Front-Loaded SPCs" (as defined below), the difference between the stated Player Salary and Bonuses in any immediately adjacent League Years of that SPC cannot exceed twenty-five (25) percent of the stated Player Salary and Bonuses of the first League Year of such Front-Loaded SPC. Additionally, under no circumstances may the stated Player Salary and Bonuses in any League Year of a Front-Loaded SPC be less than sixty (60) percent of the highest stated Player Salary and Bonuses in a League Year of that same Front-Loaded SPC.
 

Lempo

Recovering Future Considerations Truther
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Feb 23, 2014
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It does, salary is bonus + base. Front loading contracts isn’t much of a thing anymore because of how cap recapture works.
It still is, if you're in position to negotiate it for yourself. 10 million dollars today is much more than 10 million dollars in five years, especially if you factor in that you invest it and get the profits through those five years.

Case study of Matthews: his last two SPCs have been optimized to the T for frontloading within the variability rule.

SEASONCLAUSECAP HIT
Tooltip
AAV
Tooltip
P. BONUSES
Tooltip
S. BONUSES
Tooltip
BASE SALARY
Tooltip
TOTAL SALARY
Tooltip
MINORS SAL
Tooltip
2024-25NMC$13,250,000$13,250,000$0$15,925,000$775,000$16,700,000$16,700,000
2025-26NMC$13,250,000$13,250,000$0$14,425,000$775,000$15,200,000$15,200,000
2026-27NMC$13,250,000$13,250,000$0$10,180,000$900,000$11,080,000$11,080,000
2027-28NMC$13,250,000$13,250,000$0$9,120,000$900,000$10,020,000$10,020,000
TOTAL$53,000,000$53,000,000$0$49,650,000$3,350,000$53,000,000$53,000,000
 

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