Confirmed with Link: Guentzel's rights traded to Tampa for 25 3rd

[dogbazinho]

So since he signed I guess the statements that he wanted to test free agency was just bs? Looking forward to hearing the terms.

 

[Ole Gil]

When he signs for $9M and you offer $6.5M, you lowballed him.

We can argue all day whether he was worth the $9M or not (he wasn't), but he was certainly worth quite a bit more than what we offered, IDK how you can argue otherwise.

We'll see when he's getting bought out in a couple years.

 

[Lempo]

We'll see when he's getting bought out in a couple years.

Has anyone done the math where Skinner's real AAV ended up being?

5*$10M + 2/3*$22M divided by 5 years is $12.933 per?

 

[BadgerCane58]

We wouldn’t even be having this conversation if the damn Arizona Coyotes didn’t go belly up this year. No Utah, no deep pockets, nobody cares about Sergachev, Tampa is too close to the cap ceiling…… why this year??? You’d think the coyotes could have waited one year for the Canes!!!!! RIGHT??? lol

 

[Boom Boom Apathy]

motherf***er literally signed for his ask over 7 rather than 8.

Theres a twit where it says 9.25x7.

f*** him.

Is that true when you take into account taxes? After escrow and agent fees, I suspect it’s a few million more in TB over the 7 year term, plus if he’s healthy enough, another contract in the 8th year.

Edit: If I'm doing this right (and I may not be as it's my first time with this calculator and the delta seems too high to me), looking at the income tax calculator on CapFriendly with the basic settings (5% escrow, 15% agent fee, no signing bonus):

9.25M in TB equates to $5.64M after taxes, escrow, agent fees
8.0M in Carolina equates to $4.44 after taxes, escrow, agent fees

So after 7 years, his after tax earnings in TB would be $39.5M
So after 8 years, his after tax earnings in CAR would be $35.5M

Not to mention in TB, he can still possibly get another contract in year 8.

EDIT 2: playing with the calculator more, it looks like in order for his after tax earnings to be the same over 8 years in CAR as they are at $9.25M over 7 years in TB, the Canes would have had to pay him $8.9M / year.

$9.25M x7 in TB = $5.64M after taxes, escrow, agent fees = $39.5M over 7 years
$8.9M x8 in CAR = $4.937M after taxes, escrow, agent fees = $39.5M over 8 years

Income Tax Calculator - CapFriendly - NHL Salary Caps

Income tax calculator to estimate the income tax, net salary, and tax rates of NHL player salaries

www.capfriendly.com

 

[JustPenalties]

Well this went to s***. What an expensive rental, Canes lost a lot of assets that would have been more than nice to have when making some actual deal..

 

[hblueridgegal]

Rejection stings regardless of the reason. Our fanbase tends to fully embrace and love on our players so it's tough and a letdown. Landing this one, in particular, appeared to be a big source of pride.

It makes one wince that this type of thanks but no thanks has happened 3 years in a row to the Canes at roster building time. I guess we will have to wait until the ink is dry now.

Coupled with the underwhelming playoffs, management departures and the forthcoming roster attrition, it's a rough patch. For the upcoming season, I hope the marketing team creates something more back to our roots, i.e. fun and upbeat to promote and sell the new guys and the season. Didn't care for this past's season's dark, tough tone or menacing messaging - it's not who we are on or off the ice.

 

[Cardiac Jerks]

Well this went to s***. What an expensive rental, Canes lost a lot of assets that would have been more than nice to have when making some actual deal..

With how good last years team was and all the turnover that was bound to happen, fans would have been angry had we not gone for it at the deadline.

I’m not one bit upset. We gave it a shot and it didn’t work out but at least they tried. Not re-signing him doesn’t suddenly make the move a mistake.

 

[Nikishin Go Boom]

Florida holds firm with Reinhart and keeps him under 9. If we hold firm we get blasted for being cheap. Gotta love the narratives

 

[hblueridgegal]

 

[Nikishin Go Boom]

7 x 9 million


He is making 1 mil annually (except year 3) with a ton of SB. Big time tax savings

 

[CanesFanBudMan]

Going to be a very bad contract in about 3 years

 

[chaz4hockey]

Florida holds firm with Reinhart and keeps him under 9. If we hold firm we get blasted for being cheap. Gotta love the narratives

A big part of recruiting is making the person feel wanted versus leaving someone with a car dealer experience.

That is where I believe the Canes, cough Dundon, are falling short.

btw: Florida is a no income tax state but this home/car insurance is bonkers. For the type of house he will buy, It will easily cost him $30K+ to insure.

 

[hblueridgegal]

A big part of recruiting is making the person feel wanted versus leaving someone with a car dealer experience.

That is where I believe the Canes, cough Dundon, are falling short.

I heard that this is what happened early on with Trocheck as well and led to the he didn't want to play here story because they insulted him with the early lowball offer.

I often worry re: what happens to the player's mindset and team chemistry. Some go for it to get the best money possible elsewhere when the time comes but some look off and less than motivated. Could all the contract worries and woes have affected the Canes this past season?

 

[AD Skinner]

I wonder if that full no move for the majority of the deal was a part of it too

 

[Lempo]

Lol, no full signing bonus for the potential lockout year 3.

It looks like it's frontloaded to the max.Full optimization.

 

[chaz4hockey]

I heard that this is what happened early on with Trocheck as well and led to the he didn't want to play here story because they insulted him with the early lowball offer.

I often worry re: what happens to the player's mindset and team chemistry. Some go for it to get the best money possible elsewhere when the time comes but some look off and less than motivated. Could all the contract worries and woes have affected the Canes this past season?

"Could all the contract worries and woes have affected the Canes this past season?"

Might be right....it surely didn't help.

btw: having worked for private equity owned companies in my career I found the "owners" to be very challenging personality wise to work with but......if you performed they always paid well over market (ie, Vinek approach....PE background but good to work for).

Unfortunately, Dundon has created a bad dynamic.....a private equity owned personality but a frugal pay approach.

Edit: brilliant move by his agent/financial planner to front load contract $$$....US has too much debt and will need to raise tax rates. With the tax law sunset in 2026, tax rates are targeted to go up substantially for top earners:

 

[Unsustainable]

https://x.com/i/web/status/1807773347482157450

So he would have had an all bonus structure

 

[AD Skinner]

Guentzel just wasn’t that into the canes

 

[Canes]

Guentzel just wasn’t that into the canes

Me neither after us not signing anyone so far

Slitting my wrists right now

 

[Chrispy]

Guentzel just wasn’t that into the canes

Just like saying he was willing to sign in Pitt, it was all talk.

 

[Boom Boom Apathy]

btw: Florida is a no income tax state but this home/car insurance is bonkers. For the type of house he will buy, It will easily cost him $30K+ to insure.

That $30K is a pittance vs. the income tax he's saving. And as you said in another post, the upfront bonus is smart for future taxation as well.

 

[Cormag001]

Hurricanes' home opener: Friday, October 11th vs Tampa Bay & Guentzel

 

[hblueridgegal]

 

[To Be Determined]

the best part of that interview was when he was talking about the opportunity to play with great guys in tampa "like stamkos, uh, i mean hedman and..."