Confirmed with Link: Senators are for sale - and it’s a Gong Show

[BondraTime]

All signing bonus is for is to get the money up front early to put in an account to generate interest.

Doesn’t help the AAV at all.

 

[Micklebot]

Signing bonuses don’t keep AAV lower, they still count as cap. If it’s because oh we gave player x a signing bonus to lower his cap number, didn’t work well in Toronto.

All signing bonus is for is to get the money up front early to put in an account to generate interest.

Doesn’t help the AAV at all.

Pretty sure all he was suggesting was that teams can negotiate a lower AAV by offering signing bonuses, the bonus itself doesn't impact AAV, but if a player is offered a deal at a lower Caphit but with significant signing bonuses, he may take it over the higher AAV, especially with Americans playing in Canada where tax benefits come into play.

 

[Cosmix]

Pretty sure all he was suggesting was that teams can negotiate a lower AAV by offering signing bonuses, the bonus itself doesn't impact AAV, but if a player is offered a deal at a lower Caphit but with significant signing bonuses, he may take it over the higher AAV, especially with Americans playing in Canada where tax benefits come into play.

I thought that AAV is calculated by taking the total value of the contract the player signed and dividing it by the number of years for the contract. That would include signing bonuses. Signing bonuses can be paid out over a longer period than the first year of the contract.

 

[Sens of Anarchy]

Not sure why the ladies have GSP to handle the vetting of the bids when they could get all that for free on here with far less information.

 

[Micklebot]

I thought that AAV is calculated by taking the total value of the contract the player signed and dividing it by the number of years for the contract. That would include signing bonuses. Signing bonuses can be paid out over a longer period than the first year of the contract.

Yes, AAV or average annual value includes bonuses, so giving a portion of a deal via signing bonuses instead of as salary doesn't change the AAV, 8 mil in salary has the same AAV as 4 in bonuses and 4 in salary.

What bonuses do is change how attractive a contract is, so a player might prefer to accept a 7.75 AAV with lots of bonuses over an 8 mil AAV deal.

 

[Emerica]

Not sure why the ladies have GSP to handle the vetting of the bids when they could get all that for free on here with far less information.

Looking up someone’s net worth on the internet and having only that determine whether someone can run the team is grade A vetting. We all know how accurate numbers on the internet are

 

[GCK]

Signing Bonuses are fully guaranteed against buyouts.

 

[Cosmix]

All signing bonus is for is to get the money up front early to put in an account to generate interest.

Doesn’t help the AAV at all.

All signing bonuses are NOT paid up front at the beginning of a contract's term. Signing bonuses can be a series of cash payments to be made over the course of a contract's term and are differentiated from "salary". Signing bonuses are treated differently than salaries and must be paid on the agreed dates for such bonuses, even if there is a work stoppage. Salaries are paid for services performed for each year of the contract term and would not be paid if there is a work stoppage. Signing bonuses can be invested any way the player wants and not just to "generate interest". They can be used to invest in stocks, bonds, mutual funds, private investments, etc. which could result in dividends, capital gains and interest.

Signing bonuses are part of the player's contract remuneration and are included in the calculation of the AAV.

Don't even need to need to get into the pyramid scheme stuff. Crypto is just an insane waste of resources. The power generation to sustain a platform that people use for pyramid schemes is utterly ridiculous.

Banks are a bit like a pyramid scheme.

 

[Sun God Nika]

Signing bonuses don’t keep AAV lower, they still count as cap. If it’s because oh we gave player x a signing bonus to lower his cap number, didn’t work well in Toronto.

Signing bonuses help with players signing for a lower aav it provides them buyout security and cash up front so more opportunities to invest with it so they might give up 500k-1m in salary knowing that one third of that amount could get wiped out

 

[Cosmix]

Signing Bonuses are fully guaranteed against buyouts.

Signing bonuses are not subject to buyout clauses and must be paid on the agreed dates by the team to the player.

 

[StoicSensFan]

I'd go for that, just to have him in the owners' box screeching "you're tearing me apart!!" after every bad call on the ice.

*Tommy walks into the TSN broadcast booth*

 

[Cosmix]

Not sure why the ladies have GSP to handle the vetting of the bids when they could get all that for free on here with far less information.

Heck I would be willing to do it for a small fee.

 

[Cosmix]

Signing bonuses help with players signing for a lower aav it provides them buyout security and cash up front so more opportunities to invest with it so they might give up 500k-1m in salary knowing that one third of that amount could get wiped out

Some players would prefer a greater percentage of their total compensation to be in "signing bonuses" because such bonuses are not subject to the buyout conditions of the agreement. Not all of the signing bonus must be or is paid on the date the agreement is signed; signing bonus payments can be paid out in a series of payments over the future years of the agreement.

A player might be willing to take lower overall compensation (and thus AAV) if a large percentage of it was in the "signing bonus" because that would reduce the risk and amount subject to the buyout provision.

 

[Golden_Jet]

Pretty sure all he was suggesting was that teams can negotiate a lower AAV by offering signing bonuses, the bonus itself doesn't impact AAV, but if a player is offered a deal at a lower Caphit but with significant signing bonuses, he may take it over the higher AAV, especially with Americans playing in Canada where tax benefits come into play.

I covered that off in my post you quoted.

 

[Sens of Anarchy]

All signing bonuses are NOT paid up front at the beginning of a contract's term. Signing bonuses can be a series of cash payments to be made over the course of a contract's term and are differentiated from "salary". Signing bonuses are treated differently than salaries and must be paid on the agreed dates for such bonuses, even if there is a work stoppage. Salaries are paid for services performed for each year of the contract term and would not be paid if there is a work stoppage. Signing bonuses can be invested any way the player wants and not just to "generate interest". They can be used to invest in stocks, bonds, mutual funds, private investments, etc. which could result in dividends, capital gains and interest.

Signing bonuses are part of the player's contract remuneration and are included in the calculation of the AAV.


Banks are a bit like a pyramid scheme.

According to Hockey Writers; and no doubt there can be an agreed upon schedule of payment but seemingly many are due July 1 after the season is completed. Most signing bonuses are lump sum on an contracted date ; July 1st seems to be common.

Signing Bonus

Signings Bonuses are paid upon signing a contract, or paid out on July 1 of a contract year. Signing bonuses are similar to salary as both are guaranteed. Performance Bonuses and Carryovers | Puckpedia.

But when do NHL teams pay players their signing bonuses? NHL players will receive their signing bonus after the season is over in the month of July, typically July 1st. Signing bonus dates are eligible to be negotiated in the player’s contract if they wish to receive it on another date other than July 1st. When do NHL players get paid? (Schedule explained) - PlayedOnIce

Signing bonuses are part of the salary, count as part of a player’s cap hit, and are capped at $92,500 for players on ELCs. They are paid out in a lump sum in the summer, and the amount is not included in buyout calculations. The basics on NHL contract bonuses

Source: NHL won't defer on $300M in bonuses

NHL players who are due signing bonuses on July 1 are expected to receive them as scheduled, a source told ESPN. More than $300 million is due to be paid to players on Wednesday, after the NHL and NHLPA agreed that bonuses would not be deferred.

www.espn.com

 

[AchtzehnBaby]

what time is it?

It is Andlauer.

 

[Joeyjoejoe]

Gonna guess he’s the lowest bid. We shall see.

 

[Nac Mac Feegle]

I haven't been following close enough to know how well it turned out, but the energy consumption issue stems from the proof of work system blockchain uses to validate transactions. I believe Etherium moved to a proof of stake protocol which was supposed to greatly reduce the energy consumption, There are different issues with proof of stake protocols from what I understand, but this all gets a bit away from the subj of this thread so I'll leave it there.

Weren't there some crypto bros or big money people renting out entire warehouses at one point and buying every cpu and graphics card on the planet (thanks a lot, from all the PC gamers, btw!!) just to farm bitcoin? THe electricity used from that alone was wild...enough to locate those buildings just by the heat put out from the process.

*Tommy walks into the TSN broadcast booth*

I'd be totally down for that. Make the broadcast worth watching.

 

[Yak]

I would like to announce I am going to be part of the Neo Sparks Group...


Rumor has it that Drake, David Ambera, Jerome Iginla, Celine Dion, Wayne Gretzky, Anson Carter, Evander Kane, Lennox Lewis, Willie 'ORee, PK Subban will be joining soon.

Sources say on the fence is Bruce Garrioch, Marc Methot, Rod Bryden, Jim Carey, Seth Rogan, Ryan's Gosling, Avril Lavigne, Keanu Reeves, William Shatner, Mathew Perry, Elon Musk, Tom Green, Tommy Chong, Joey Votto Steve Nash, Bobby Orr and Neil Young.


Till the real winner is announced

 

[Jhero]

 

[Nova Stutzlia]

I would like to announce that all the people thanked by John Cleese in his Oscar acceptance speech, are also joining the Sparks group.
Starts at :50.

 

[Sun God Nika]

Gonna assume sparks group is out , they were the ones getting names of investors out once bidding was done which just looks desperate . Hope someone reaches out to snoop for 1% ownership stake or something tho

 

[Knave]

Gonna assume sparks group is out , they were the ones getting names of investors out once bidding was done which just looks desperate . Hope someone reaches out to snoop for 1% ownership stake or something tho

I'm all for this. If any of these guys are interested from Reynolds to Snoop to The Weeknd to Donovan Bailey I hope they are reached out to by the winner or they reach out to the winner and something can get done

 

[Pierre from Orleans]

Neko Sparks group is making this process look like a joke and a groupie session.

f*** them.

 

[Tuna99]

Hearing Volodymyr Zelensky has joined the Neko Sparks bid