News Article: News from Around the League - Part XXXVI

[Bleedred]

It's not a big deal now cause there's plenty of teams with those contracts. The Rangers have Richards, Pens have Crosby, Flyers have Bryz, Isles have trash can Rick. That's just in our division alone. The Flyers could buyout Bryz in the next two Summers, but Richards will be over 40 when his contract is done too just like Kovy.

I personally can see the Pens having problems with Crosby. He won't be in his 40s when that contract ends, but he's had some concussion problems. I can easily see him having to retire. I'm not wishing it on him, or hoping for it. I can just see him having problems similar to Lindros. Not anytime soon, but before 10 years is up maybe.

You know the Wild will get ****ed with one of Suter, or Parise.

 

[elias026]

UFA FREE AGENCY INTERVIEW PERIOD
Similar to the NBA, the NHL has instituted a free-agency interview period prior to the actual signing period. UFAs will be able to meet and interview with potential clubs from the day after the NHL draft until June 30, prior to the July 1 opening of free agency.

Lou now has to change his Resigning ways

 

[CerebralGenesis]

Wow so they are essentially UFA'd on draft day. Lou isn't going to get a jump at all on resigning his own players. That isn't a great sign.

 

[tycobb]

ok. i'm assuming current contracts will be grandfathered in.

Nope. We don't get hurt. Remember Kovalchuk will get 3 million and 4 million his last two years. I doubt Kovy retires before the deal is up. Worse case he retires in the 2020 season and we would get a cap penalty of $4.6 million for the next 5 seasons. But again that is highly unlikely. Kovy would be 36 years old and around 650 career goals. He has a legit shot of being the #1 Russian Goal scorer and possibly the #1 non Canadian when his career is over.

 

[Bleedred]

Lou now has to change his Resigning ways

Agreed. Those ways are dated in this time period. Twice he gave Marty extensions during the middle of seasons. Actually 3 times, but twice in a Summer before he was to become an RFA. One of the reasons was he was afraid Marty would get offer sheeted. With losing so many UFA's it's a must to sign guys.

If not we will need the UFA market next year for some help.

 

[CerebralGenesis]

Nope. We don't get hurt. Remember Kovalchuk will get 3 million and 4 million his last two years. I doubt Kovy retires before the deal is up. Worse case he retires in the 2020 season and we would get a cap penalty of $4.6 million for the next 5 seasons. But again that is highly unlikely. Kovy would be 35 years old and around 700 career goals. He has a legit shot of being the #1 Russian Goal scorer and possibly the #1 non Canadian when his career is over.

That's why having the notion of retirement be the defining action is ridiculous. You don't know what will happen years from now.

There is no reason on earth you can be certain Kovy plays out his deal and that cap hit from just a few lost years on the deal is going to hurt.

 

[Bleedred]

Part of me thinks Lou should take the blame for all our guys making over a million last year having to go to UFA. A lot of me though thinks it could have been ownership, and our money problems which hopefully will be better this year with the Hucksterbeek getting his **** straight. Will see if that mess happens this year or not before I blame Lou.

Lou definitely gets a pass on Parise though. It's obvious he knew he wasn't coming back anyway. If Clarkson wants to go to Toronto, and Zajac wants to go wherever we can't put that on Lou either. We might never know though especially if they play the ''I wanna stay'' and then leave card. I don't think Lou not extending Parise January 1st of 2012 played any part in him leaving.

 

[tycobb]

That's why having the notion of retirement be the defining action is ridiculous. You don't know what will happen years from now.

There is no reason on earth you can be certain Kovy plays out his deal and that cap hit from just a few lost years on the deal is going to hurt.

Kovalchuk has 406 career goals.

Lets say he averages 25 goals a season over the next 8 years.

Career goals -606

He would have 5 years left on his contract.

If he were to average 15 goals over those last 5 years.

Career goals - 681.

That would be good enough for top 10 right now.

I would bet that Kovy would definitely stick around for the record books.

 

[apice3*]

double post

 

[apice3*]

If I did the math right, if Kovy retires at age 38, under the new rules, he would have a 4.4M cap hit for 4 years following.

If he retires at age 40, it would be 3.2M cap hit for 2 years.

I don't think it's very fair, personally. Anything can cause a player to retire. I feel like this rule is going to be challenged in the future.

 

[tycobb]

If Kovy retired with 2 years left on his deal he would lose 7 million dollars. Not only the money, but I don't see how Kovy retires if he has the chance to get to 650 or 700 goals.

 

[Bleedred]

Hopefully if anything Pete will use him less during games from now on. He definitely should be. We need competent players to keep from wearing out our best ones.

 

[apice3*]

Wins become more important in a shortened season. Honestly, I'd expect him to be used more if anything.

 

[Devils731]

If I did the math right, if Kovy retires at age 38, under the new rules, he would have a 4.4M cap hit for 4 years following.

If he retires at age 40, it would be 3.2M cap hit for 2 years.

I don't think it's very fair, personally. Anything can cause a player to retire. I feel like this rule is going to be challenged in the future.

It seems pretty fair to me, it's making sure any of those super long, with backdive, contracts get fairly accounted for under the salary cap.

By the time these guys start to retire there will be a new CBA, who knows what the rule will be then and it's likely the cap is so much higher that these adjustments aren't that big a deal.

 

[Bleedred]

Wins become more important in a shortened season. Honestly, I'd expect him to be used more if anything.

Maybe not more, but probably not much less.

While some regulation games he was used an unnecessary amouny, I'm sure all the OT we played may have skewed his TOI for the year up a bit. We probably played the most OT out of anyone in the league other than Colorado, and Florida last year. It seemed some games he had to have been out there for 3-4 minutes of the 5 minute OT.

Would be cool if he could be a beast in OT again like he was two years ago. Even Patty fell off, and was sitting on the regular season OT winner record for about 4 years before Jagr broke it, and jumped ahead last year. It seemed the team played for the shootout last year once it got to OT. We would tighten up dramatically defensively as opposed to the 3rd periods, but not much attack.

 

[apice3*]

It seems pretty fair to me, it's making sure any of those super long, with backdive, contracts get fairly accounted for under the salary cap.

By the time these guys start to retire there will be a new CBA, who knows what the rule will be then and it's likely the cap is so much higher that these adjustments aren't that big a deal.

Right but you're instituting a new rule in hindsight.

Imagine the NHL instituting a rule says the cap hit of any player named Henrik will be double his yearly salary. Think we sign Tallinder two years ago? Probably not.

We signed Kovy under a specific set of rules. Now the league is issuing a new set of rules that are going to apply to pre-existing contracts that were signed under different rules. I'm very confident that the rule will be challenged if any of these players retire.

Kovy's contract expires one year after the 10 year CBA, IIRC.

 

[Bleedred]

Right but you're instituting a new rule in hindsight.

Imagine the NHL instituting a rule says the cap hit of any player named Henrik will be double his yearly salary. Think we sign Tallinder two years ago? Probably not.

We signed Kovy under a specific set of rules. Now the league is issuing a new set of rules that are going to apply to pre-existing contracts that were signed under different rules. I'm very confident that the rule will be challenged if any of these players retire.

Kovy's contract expires one year after the 10 year CBA, IIRC.

It should expire 2 years after. Or maybe 3?

What year is it supposed to expire? Would it be Summer 2022? Or 2023? Also does it expire September 15th again like the last two times? 10 years is 2023, but the first year of the 10 should be the 12/13 season.

There is the 8 year out clause too.

 

[Devils731]

Right but you're instituting a new rule in hindsight.

Imagine the NHL instituting a rule says the cap hit of any player named Henrik will be double his yearly salary. Think we sign Tallinder two years ago? Probably not.

We signed Kovy under a specific set of rules. Now the league is issuing a new set of rules that are going to apply to pre-existing contracts that were signed under different rules. I'm very confident that the rule will be challenged if any of these players retire.

Kovy's contract expires one year after the 10 year CBA, IIRC.

Challenged to who? The league is allowed to set pretty much any rule it likes. It's in the current CBA and applies to every team and contract uniformly.

All contracts are subject to the current CBA/future CBA's. That's why no player was able to go to court to fight for their rollback money back.

The whole cap system was applied after the fact and teams with crazy cap problems weren't allowed to sue the league because it made it harder for them to field teams.

There is no court of law that would step in and say the league doesn't have the right to create it's own cap formula. As proof, I hang my hat on being one of the few Devils fans saying that Kovy's original contract would get struck down.

 

[DevilChuk*]

My understanding of this "Luongo rule" is that we would actually get off a little bit better than other teams because we tacked on the 2 final years of the contract at $3 million and $4 million.

If Kovalchuk retires in, say, 2023, we would be on the books for the remaining cap savings spread out over the remaining years. In real salary, we would be paying Kovy $7 million over the remaining two years, a cap savings of approx $6.3 million for a penalty cap hit of $3.15 million a year.

On the other hand, contracts like Richards with only $1 million years at the tail end are hit hard. If Richards retires before making the final $3 million over the last three years on his deal, the cap savings would be $17 million ($20 million in cap hit - $3 million in salary) for an annual penalty cap hit of $5.6 million! Now, we don't know what that number will mean in the future cap-wise but that could still be a big number.

If Parise/Suter retire when their salaries take a dive (year 11), the Wild would be penalized just over $6 million EACH year for 3 years for EACH of them.

EDIT: Weber's cap hit would be just under $7 million for 3 years. All thanks to Philly...

 

[GameSeven]

My understanding of this "Luongo rule" is that we would actually get off a little bit better than other teams because we tacked on the 2 final years of the contract at $3 million and $4 million.

Wouldn't the penalty for this be somewhat avoidable for clubs by getting a guy onto LTIR in his late years? Especially the typical dive years? A guy will collect his $1M tail years to be injured but not retire until the contract is played out.

Wouldn't a team have an incentive to keep this situation as they could pay a relative pittance to be able to park a multi-million dollar cap hit on LTIR, which is replaceable?

Or have rules about this changed as part of this CBA and I'm unaware?

 

[MartyOwns]

Imagine the NHL instituting a rule says the cap hit of any player named Henrik will be double his yearly salary.

sign me up for that rule

 

[CerebralGenesis]

This league is very arbitrary in the decision making. That isn't new at all.

 

[DEVILS ALL THE WAY*]

RDS in English ‏@RDSinEnglish

#RDS The Florida Panthers have invited Andrei Kostitsyn and Marek Svatos to their training camp. https://twitter.com/GeorgeRichards


that is from GR's twitter. He retweeted it so must be true.


edited it since other link wasn't working.

I really have no idea why we didn't jump at the opportunity to at least invite Andrei Kostitsyn to camp. He's a proven top #6 forward who's been scoring over 20 goals per season while getting minimal PP time in Montreal.

With our lack of depth up front, he would've been a "shoe-in" to crack our top #6 over someone like Butler who's still a big question mark IMO. I would've loved something like 2 years for 2M$ per... oh well.

 

[njdevil26]

I'm surprised the Devils didn't go for those guys too...

Devils need a winger Lou!!

 

[Rangerfans]

Dominic Moore's wife passed away this morning from Liver Cancer

RIP and my sincere condolences to the Moore family.