Confirmed with Link: Rangers Sign Brendan Smith (4 years x $4.35M)

[TheTakedown]

Wasn't there some kinda weird loophole where they get compensation from losing him and in the end we get a free pick for nothing...

there was a draft pick compensation system in place where if a team lost a UFA, the league gave them a pick for losing them. It was part of the old CBA before the 2005 CBA was enacted, and would usually go something like:

Team A trades a pending UFA to a Team B for a 5th rounder
Team B has no intention of signing player
Team B lets the player go to Unrestricted Free Agency
Team B receives a compensatory round pick
Team A would then sign the player

The compensatory pick was based on a "point" system that was determined by the players salary and performance for the 3 prior years before going into UFA.

The Compensatory Free Agent saga of the NHL has be eliminated from this CBA. Now, compensation for a lost player only occurs if a team fails to sign a former first round pick to an ELS contract. I believe the new form of compensation varies but is paid in 2nd round picks - the number, as in the old system is left up to the Commish.

Just to quench your curiousity the CFA business was a bit complicated but here is a simple version:

- Every player in the league was ranked according to salary, and production over a two or three year period (not only did salary and stats count, but awards too). The higher the salary and production, the more "cfa points" were awarded to their name. At the end of the tally all the players were put into one group and divided into percentiles.

- Now, when a player left a team via unrestricted free agency, the new contract was used to award further points and thus update the players standing (up or down, depending on the contract).

- A team would only be awarded a compensatory pick if they lost a player to unrestricted free agency without replacing his equivalent (it's been a while since I read the actual CBA document but I believe it was either equivalent in salary or cfa point standing).

- So, a team losing a player in the 1-5% percentile would be awarded a pick in the 16th-30th overall range (at the Commissioners discretion). Losing a player in the 6-10% would result in a 31st-45th overall pick. So on and so forth.

What was meant as a compensatory system to prop up the "have-nots" turned out to be a large loop-hole exposed in the final few years of the CBA. This is why you saw all those quirky trades with 12 hrs left before July 1st. A team like the Rangers, guaranteed to spend lots of money every summer (and hence be ineligible for compensation if they did lose a guy to another team), would trade a player like Richter to Edmonton for a 6th round pick. Edmonton would lose that guy to free agency and according to his stature in the CFA pool, Edmonton would be awarded anywhere between a late 2nd and early 3rd round pick.

That's why the CFA system is gone from the new CBA.

This thread has more info: http://hfboards.mandatory.com/showthread.php?t=159820

The NHL removed this from the 2005 CBA after the lockout. They just recently removed compensation for hiring a fired coach still under contract as well, therefore the only draft pick compensation systems that still exists at this point are:

a) If a team does not sign a player they selected in the 1st round, that plays in the NCAA within 4 years--ala Kevin Hayes--and the team cannot come to an agreement to sign the player

b) If a team does not sign a player within the 1st two years of drafting that player, and the player decides to re-enter the draft at age 20

In both cases, the team losing the player is awarded a pick that is 30 positions (1 round) back from the original pick, e.g. 7th overall becomes the 37th overall.

https://www.reddit.com/r/hockey/comments/41cf9d/what_happens_if_a_first_round_draft_pick_doesnt/

 

[Amazing Kreiderman]

there was a draft pick compensation system in place where if a team lost a UFA, the league gave them a pick for losing them, and the pick would be based on where that player was initially drafted. It was part of the old CBA before the 2005 CBA was enacted., and would usually go something like:

Team A trades a pending UFA to a Team B for a 5th rounder
Team B has no intention of signing player
Team B lets the player go to Unrestricted Free Agency
Team B receives a compensatory round pick
Team A would then sign the player

The compensatory pick was based on a "point" system that was determined by the players salary going into UFA.



This thread has more info: http://hfboards.mandatory.com/showthread.php?t=159820

The NHL removed this from the 2005 CBA after the lockout. They just recently removed compensation for hiring a fired coach still under contract as well, therefore the only draft pick compensation systems that still exists at this point are:

a) If a team does not sign a player they selected in the 1st round, that plays in the NCAA within 4 years--ala Kevin Hayes--and the team cannot come to an agreement to sign the player

b) If a team does not sign a player within the 1st two years of drafting that player, and the player decides to re-enter the draft at age 20

In both cases, the team losing the player is awarded a pick that is 30 positions (1 round) back from the original pick, e.g. 7th overall becomes the 37th overall.

https://www.reddit.com/r/hockey/comments/41cf9d/what_happens_if_a_first_round_draft_pick_doesnt/

Thanks for doing the legwork on this. Much appreciated. I knew about this but the exact details were a bit fuzzy.

 

[True Blue]

Color me a Smith convert. I truly cannot believe just how much he has elevated his game. The problem is that he gets more expensive by the game. I would still not pay him $5m per. But at the way that he is playing, he may very well get that on the market.

 

[QJL]

I'd be willing to go $4m over 5-6 years on Smith.

 

[True Blue]

I'd be willing to go $4m over 5-6 years on Smith.

Nooooooo....not for 6 years. Not even for 5.

 

[ThirdEye]

+9 in 10 games... he's been dominant defensively. He's underrated offensively too... can carry the puck pretty well

 

[Rangerfan4life90]

Color me a Smith convert. I truly cannot believe just how much he has elevated his game. The problem is that he gets more expensive by the game. I would still not pay him $5m per. But at the way that he is playing, he may very well get that on the market.

Not surprising to us who knew of Smith's game. He's also always been a playoff performer, and ups his game during it.

I think we could go get him on a 4-4.5 mil x 4 years type deal, and he'll be worth it.

 

[Fugazy]

Not surprising to us who knew of Smith's game. He's also always been a playoff performer, and ups his game during it.

I think we could go get him on a 4-4.5 mil x 4 years type deal, and he'll be worth it.

He would definitely be worth that deal, and I think that offer will be right in the ballpark this offseason.

 

[Kaapodonna]

http://nypost.com/2017/06/26/the-rangers-and-brendan-smith-are-trying-to-get-this-done/

“No one should read anything into the fact that we don’t have a deal yet,†Thun said of his client’s looming July 1 free agency. “You’re never really close until it’s done, but both sides are trying to make it happen. e’ll have to see.â€Â

 

[Rangerfan4life90]

http://nypost.com/2017/06/26/the-rangers-and-brendan-smith-are-trying-to-get-this-done/

“No one should read anything into the fact that we don’t have a deal yet,†Thun said of his client’s looming July 1 free agency. “You’re never really close until it’s done, but both sides are trying to make it happen. We’ll have to see.â€Â

Probably unrealistic, but I wonder if they're looking at signing both Shatty and Smith? Would be a bit expensive, but that would shore up the right hand side situation. Shatty-DeAngelo-Smith

 

[Emptyvoid]

Probably unrealistic, but I wonder if they're looking at signing both Shatty and Smith? Would be a bit expensive, but that would shore up the right hand side situation. Shatty-DeAngelo-Smith

That would be an amazing turn around in the RHD situation.

 

[nyr2k2]

They signed a lot of young defensemen, I believe with the hope that one would win a spot.

 

[Inferno]

4x4+ is not a good deal for us imho.

 

[cwede]

4x4+ is not a good deal for us imho.

dont disagree but thats a common market price

 

[Filthy Dangles]

someone will give him 4x4 easily. Kris Russel just got that.

This is his one and only chance to cash in on being a UFA. Can't say I'd blame him if he takes the highest bidding teams offer and leaves.

 

[NickyFotiu]

Would we pay Smith 4 plus and Shatty 6 mill? Or is it one or the other?

Hopefully Graves and May will mature in to NHL players in a year.

Deangelo?
Bereglazov?
Pionk?

We have a lot of question marks but what if they work out?

 

[Levitate]

4x4 is a good deal for a 2nd pair guy of his age...I dunno what you people expect, you don't get good players for peanuts and you don't get guys on ELC's forever

 

[Miamipuck]

I would rather Smith at 4x4-4.5MM vs Shatty for 6/7x6-7MM

 

[Fugazy]

4x4+ is not a good deal for us imho.

I'd be fine if that turned out to be the deal. Anything more in terms of contract length or salary wouldn't be ideal for the Rangers.

 

[Revel]

Don't think Smith is worth it. Would rather not sign him if it meant we could sign someone like Shatty.

 

[Machinehead]

Pls pls pls

I need this signing

 

[Revel]

Pls pls pls

I need this signing

You won't leave us for a West Coast team if he's not signed, will you?

 

[haohmaru]

Friedman's 30/30 saying he believes NYR and Smith are "headed towards a deal"

 

[NYR Viper]

If he gets the same contract as Russel, I'm game. I would say the Stralman contract may be the comparable but Stralman I think was more impressive for the entire season leading up to UFA. Smith was good after being traded.

 

[Machinehead]

You won't leave us for a West Coast team if he's not signed, will you?

I ****ing might if they got rid of Girardi and Stepan just to be deliberately bad.