Richard88
John 3:16
- Jun 29, 2019
- 19,176
- 20,805
Avs need a 3C. Anaheim want to save $'s.
As such, I thought I'd explore the possibility of Henrique to Colorado.
How about this:
- Henrique ($2.825m retained) for Compher ($1m retained)
Allow me to explain my reasoning...
1. Henrique is owed $21.26m ($5.825 x 3.65*) until the end of his contract
*3 more years + 65% of this season remains.
2. If Anaheim buy him out this offseason they would pay $11.65m for the buyout, plus the remaining salary this season of $3.79m ($5.825m x 0.65), totalling $15.44m. They would thus save $5.82m on the $21.26m Henrique is owed.
Doing that however would put $1.9m of dead capspace on the books until 2027, which would obviously not be ideal if they're looking to be competitive in 2-3 years time.
3. If Anaheim trade him with $2.825m retained, they would owe $10.31m over the next 3.65 seasons, as outlined below. This would be $5.13m less than the cost of buying him out ($15.44m minus $10.31m), making a trade preferable to a buyout.
- 2020/21: $2.825m x 0.65 (65% of the season remains)
- 2021/22: $2.825m
- 2022/23: $2.825m
- 2023/24: $2.825m
* Enter Colorado *
4. Avs would take on Henrique at $3m x 3.65 seasons, so they would cover the remaining $10.95m on his contract.
From the Avs perspective, the yearly cap impact would be:
- 2020/21: $3m + $1m (i.e. Henrique + retention on Compher)
- 2021/22: $3m + $1m
- 2022/23: $3m + $1m
- 2023/24: $3m
5. As outlined below Compher is owed $9.69m over the next 2.65 seasons ($1.69m + $4.5m + $3.5m).
- 2020/21: $2.6m x 0.65 = $1.69m
- 2021/22: $4.5m
- 2022/23: $3.5m
If Colorado retains $1m per season ($3m total) that would bring it down to $6.69m.
At that number the trade effectively saves Anaheim $4.26m over the length of the contract ($10.95m - $6.69m):
- Henrique ($10.95m / 4 years) for Compher ($6.69m / 3 years).
6. Now, you might say that buying out Henrique would save $5.82m (as per point #2 above), which is $1.56m more than the $4.26m this proposed trade would save them, so buying him out would be preferable, right?
Well, not necessarily.
This trade is essentially the same as Anaheim buying out Henrique AND acquiring Compher and having him play for them for 2.65 seasons for just $1.49m in real salary overall, at what is effectively an salary of just $588k per season ($1.56m/2.65 seasons).
This means that this trade would certainly be preferable to a buyout and also give them a super cheap 3rd line RW. And that's before considering that Anaheim would also be avoid having $1.9m of Henrique's buyout on the books until 2027. If they want to be competitive again by then that capspace would be useful.
The fact that Compher has 1 year less term than Henrique is also advantageous as it clears capspace in the 2023/24 season which is when Anaheim will realistically start being competitive again. Compher at a caphit of $2.5m x 2 would also be a contract that can be flipped as a deadline rental at some point before 2023.
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Hopefully this hasn't been too long or complex. I tried my best to logically make sense of how a Henrique trade to Colorado could be viable for both sides. Perhaps Anaheim prefer doing something else with Henrique though, or maybe just tweaking this proposal a little. Let's discuss...
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