The Jarvis contract. Fine until a Canadian team does it.

[Brookbank]

The annual average value of the contract would traditionally be $7.9 million, but the Hurricanes will award Jarvis a deferred-money signing bonus on July 1, 2032 - the day after the contract expires - to lower the cap hit. The max-term pact includes a total of $29.24 million in bonuses.

Am I wrong ?

Can someone explain why it took lawyers this far into a CBA to do something like this ?

Click to read more...

 

[HugeInTheShire]

Did they move New Jersey into Canada? I distinctly remember the Devils filing a contact similar to many other contracts at the time and having only theirs rejected.

 

[WhiskeyYerTheDevils]

Yes, just like you were wrong about Bedard being better than McDavid.

 

[HockeyVirus]

You aren't wrong. Same with LTIR stuff. Any Canadian team trying to pull what Vegas has would forfeit a draft pick.

 

[LOFIN]

Can someone explain why it took lawyers this far into a CBA to do something like this ?

Because 99% of the players (and agents) want nothing to do with deferred money. It's worth less than money paid upfront. This is why front loaded contracts are a thing.

 

[JoVel]

You aren't wrong. Same with LTIR stuff. Any Canadian team trying to pull what Vegas has would forfeit a draft pick.

What is this based on?

 

[HockeyVirus]

What is this based on?

Mark Stone going on LTIR at the TDL and playing game 1 of the playoffs 3 years in a row

 

[Brookbank]

Did they move New Jersey into Canada? I distinctly remember the Devils filing a contact similar to many other contracts at the time and having only theirs rejected.

How much recapture penalties did they take on it ?

Because 99% of the players (and agents) want nothing to do with deferred money. It's worth less than money paid upfront. This is why front loaded contracts are a thing.

How do you know it isn't inflation adjusted ? Or something to that effect.

 

[SENStastic]

Mark Stone going on LTIR at the TDL and playing game 1 of the playoffs 3 years in a row

I'd imagine Toronto would absolutely do this if the opportunity arises. Its just not that common of a situation, you need someone to be plausibly injured enough to sell that excuse, or require a minor enough surgery mid-season for them to be placed on the LTIR just in time for TDL, but able to recover in time for playoffs, while having the rest of the roster be good enough in their absence to still make the cut. Teams like TO, Edmonton and Vancouver would likely take advantage of that same loophole if they could, I don't see why not now that the precedent has been set.

 

[Jumptheshark]

Am I wrong ?

Can someone explain why it took lawyers this far into a CBA to do something like this ?

how about MORE DETAIL in what you are talking about?

 

[Fatass]

How much recapture penalties did they take on it ?


How do you know it isn't inflation adjusted ?

How can a contract be inflation adjusted?

 

[JoVel]

Mark Stone going on LTIR at the TDL and playing game 1 of the playoffs 3 years in a row

I am aware. Where do you get that a Canadian team couldn't do it?

 

[LOFIN]

How do you know it isn't inflation adjusted ?

Because that's probably against the CBA. Sounds like a pandoras box of doing all types of dodgy shit with contracts.

 

[Brookbank]

how about MORE DETAIL in what you are talking about?

The annual average value of the contract would traditionally be $7.9 million, but the Hurricanes will award Jarvis a deferred-money signing bonus on July 1, 2032 - the day after the contract expires - to lower the cap hit.

 

[HugeInTheShire]

How much recapture penalties did they take on it ?

250k every year until this one. They also had to move from 11th to 30th (they weren't allowed to trade it either) in the first round and gave up a 3rd.

 

[LOFIN]

The annual average value of the contract would traditionally be $7.9 million, but the Hurricanes will award Jarvis a deferred-money signing bonus on July 1, 2032 - the day after the contract expires - to lower the cap hit.

Yeah, Jarvis is taking a loss on that. Good for him. Most players don't want to do that.

 

[Jumptheshark]

The annual average value of the contract would traditionally be $7.9 million, but the Hurricanes will award Jarvis a deferred-money signing bonus on July 1, 2032 - the day after the contract expires - to lower the cap hit.

?????? 8 year deal where he get bonues for the first 3 years and the last 2 years. Signing bonus fir the first year was 8.950 and signing bonus in year 8 is 6.75

2024-25	2025-26	More / Ask Question " aria-expanded="false" style="box-sizing: border-box; border-width: 0px; border-style: solid; border-color: rgb(229, 231, 235); scrollbar-color: initial; scrollbar-width: initial; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 / 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; font-family: var(--fa-style-family,"Font Awesome 6 Free"); font-weight: var(--fa-style,900); -webkit-font-smoothing: antialiased; display: var(--fa-display,inline-block); font-style: normal; font-variant: normal; line-height: 1; text-rendering: auto; margin-left: 0.125rem; margin-right: 0.25rem; --tw-text-opacity: 1; color: rgb(148 163 184 / var(--tw-text-opacity));">2026-27	2027-28	2028-29	2029-30	2030-31	2031-32	2032
Cap Hit	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	UFAage 30
AAV	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087	$7,420,087
Base	$2,000,000	$6,000,000	$4,250,000	$6,570,000	$6,570,000	$6,570,000	$1,000,000	$1,000,000
Performance Bonuses	-	-	-	-	-	-	-	-
Signing Bonuses	$8,950,000	$4,950,000	$4,000,000	-	-	-	$5,770,000	$5,570,000
Total Salary	$10,950,000	$10,950,000	$8,250,000	$6,570,000	$6,570,000	$6,570,000	$6,770,000	$6,570,000
Minors Salary	$10,950,000	$10,950,000	$8,250,000	$6,570,000	$6,570,000	$6,570,000	$6,770,000	$6,570,000

 

[Roo]

Not familiar with cba but why would a deferred signing bonus lower the cap hit?

 

[Brookbank]

Yeah, Jarvis is taking a loss on that. Good for him. Most players don't want to do that.

He probably makes it all back in lower taxes

 

[Jared Dunn]

250k every year until this one. They also had to move from 11th to 30th (they weren't allowed to trade it either) in the first round and gave up a 3rd.

I'm not saying the punishment as stated was warranted, but you must understand how that was extremely different than this contract?

 

[LOFIN]

He probably makes it all back in lower taxes

As in moving to some lower tax state than Carolina in 8 years, when he's 30 and probably trying to get another contract? What if he ends up in a higher tax state? He's losing even more money.

 

[archangel2]

Is someone saying that even though he gets an 8 mill signing bonus when the contract kicks he is not actually getting it till 2032? NHL would have voided the contract.

 

[LOFIN]

Is someone saying that even though he gets an 8 mill signing bonus when the contract kicks he is not actually getting it till 2032? NHL would have voided the contract.

No, that's entirely allowed by the CBA

 

[Coffee]

Did they move New Jersey into Canada?

They did

 

[Jumptheshark]

No, that's entirely allowed by the CBA

I am confused. So his 8 mill bonus is not being paid till 2030?