My professor in college begged me to be an accountant after I saved wealthy people millions just by recognizing a three stage investment tax loophole. Let's not go there.Just because they can save less money in an alternative fashion (by burying him in the minors) doesn't mean we aren't still saving $4.5 million over the next 6 years by buying him out.
Don't make me dig up my math degree, scan it and post it lol.
but we will still hear PLayer X is talking to the oilers--leaked from their agent to try and get a better offer somewhere else. Like TO, oilers are always used as a stooge by agents to try to get a better offer from somewhere elseGood. We want it to be radio silence. Don't need all these big promises coming out here and there, and it never happens.
That would be quite the... uh.. choice
THIS BETTER NOT BE TRUE
My professor in college begged me to be an accountant after I saved wealthy people millions just by recognizing a three stage investment tax loophole. Let's not go there.
On a 5 million dollar contract.
If you didn't buy him out you would save 3.3M.
You buy him out and those 3.3 million in savings are gone because you cant send him to the minors. For all intents and purposes his cap hit is 3.9m.
4.5 minus 3.3 = 1.4m
That is what you are saving over six years instead of leaving him in the minors.
That doesn't even begin to address the trade option.
there was a reason why him and Dube were not offered qualifying offers. Until the legal issue is solvedwow, Schwartz's top pupil, Hart, going UFA. Wonder if we try to get him, must be screams from the longest tenured Oiler in coaching and maybe top 3 tenured in management to get him.
Nobody is signing a player about to go on trial for sexual assault and, if they do, they deserve all the negative publicity that comes with that decision.wow, Schwartz's top pupil, Hart, going UFA. Wonder if we try to get him, must be screams from the longest tenured Oiler in coaching and maybe top 3 tenured in all coaching/management to get him.
Yeah they should just throw away 3.3M in real dollars for no reason. Like it or not but the real dollars are part of the equation and a big reason why it costs so much to dump a bad contract. This isn't a video game. These kinds of million dollar mistakes cost people their jobs.
That would be quite the... uh.. choice
Controversy aside, my memories of him are that he was quite a busy GM, but mostly inherited a dominant core that smoothed over his bigger mistakes(the Saad/Panarin trades etc)
Ah damn, that's too badSounds like Patrick Kane is about to re-sign in Detroit
Can Holland do it as his last move in management? Rest of the org can just claim ignorance that they forgot to revoke his authority.Nobody is signing a player about to go on trial for sexual assault and, if they do, they deserve all the negative publicity that comes with that decision.
I imagine the pending sexual assault trial might have something to do with being a UFA.wow, Schwartz's top pupil, Hart, going UFA. Wonder if we try to get him, must be screams from the longest tenured Oiler in coaching and maybe top 3 tenured in all coaching/management to get him.
4.5 - 3.3 is how much Mr. accountant?My professor in college begged me to be an accountant after I saved wealthy people millions just by recognizing a three stage investment tax loophole. Let's not go there.
On a 5 million dollar contract.
If you didn't buy him out you would save 3.3M.
You buy him out and those 3.3 million in savings are gone because you cant send him to the minors. For all intents and purposes his cap hit is 3.9m.
4.5 minus 3.3 = 1.4m
That is what you are saving over six years instead of leaving him in the minors.
That doesn't even begin to address the trade option.
They almost made that in one or two playoff games. The guy is a billionaire.Yeah they should just throw away 3.3M in real dollars for no reason. Like it or not but the real dollars are part of the equation and a big reason why it costs so much to dump a bad contract. This isn't a video game. These kinds of million dollar mistakes cost people their jobs.
I imagine the pending sexual assault trial might have something to do with being a UFA.
Is kinda interesting to me that teams have to just lose asset value like that without the player being guilty, but I guess every team did the same with the players involved.
Well they didn't have to...
Not sure why you are defending the players involved here.
My professor in college begged me to be an accountant after I saved wealthy people millions just by recognizing a three stage investment tax loophole. Let's not go there.
On a 5 million dollar contract.
If you didn't buy him out you would save 3.3M.
You buy him out and those 3.3 million in savings are gone because you cant send him to the minors. For all intents and purposes his cap hit is 3.9m.
4.5 minus 3.3 = 1.4m
That is what you are saving over six years instead of leaving him in the minors.
That doesn't even begin to address the trade option.
That’s the loophole4.5 - 3.3 is how much Mr. accountant?
Ha ha. Ya, 1.2.If you think 4.5-3.3=1.4 then I'm glad you didn't become an accountant.
By buying him out we save a total of $1.2 more than we would by burying him in the minors, not $1.2 million total. We save $4.5 million.
The important thing anyway is the distribution of those savings. We are saving $9 million over the next three seasons and then paying $4.5 million over the three seasons after. With the rising cap, the penalty that we will be paying in years 4-6 will become a smaller percentage of the cap every season.
Hire me instead
THIS BETTER NOT BE TRUE
Hire me instead