Speculation: Weber's Contract

[Spearmint Rhino]

Wishful thinking.

It will definitely cost the Habs a pick or prospect.

We will send Armia down to deliver Webers contract, Yotes can keep him too

 

[Armourboy]

That's one of those " future considerations " type deals since it would benefit both teams. I don't see either side being willing to give up much of anything either for it or to move it.

 

[Moose Head]

Wishful thinking.

It will definitely cost the Habs a pick or prospect.

He’s an LTIR for the duration of his contract. The habs wont contend during that time. Really no good reasons for the Habs to pay for someone to take him off their hands. If no one wants him to reach the cap floor, the Habs just keep him on LTIR. Why lose assets?

 

[General Fanager]

Wishful thinking.

It will definitely cost the Habs a pick or prospect.

What are you talking about? This would be The Habs helping out the other team. Why would The Habs pay extra?

 

[MrNasty]

The benefit for Montreal is the contract spot along with more offseason flexibility. The team cannot exceed the cap by more than 10% in the offseason and during the offseason Weber’s full cap hit counts until the season starts so they can’t acquire anyone with that 8 million cap space.
Likewise a team needing to get to the cap floor can use the 8 million in cap space he uses in the offseason while only paying him 1 million.
If Price also needs to go on LTIR at 10 million then that is even more cap space they lose during the offseason.

I am sure there are other benefits I am not capturing.

 

[JAK]

My brain says it's Arizona for obvious reasons, to collect the most amazing alumni ever.

My heart says it'll be Vegas coming out of the left field and surprise us all with more LITR fun.

 

[Weltschmerz]

The benefit for Montreal is the contract spot along with more offseason flexibility. The team cannot exceed the cap by more than 10% in the offseason and during the offseason Weber’s full cap hit counts until the season starts so they can’t acquire anyone with that 8 million cap space.
Likewise a team needing to get to the cap floor can use the 8 million in cap space he uses in the offseason while only paying him 1 million.
If Price also needs to go on LTIR at 10 million then that is even more cap space they lose during the offseason.

I am sure there are other benefits I am not capturing.

LTIR FAQ - CapFriendly - NHL Salary Caps

 

[HuGort]

Interesting note from Elliotte Friedman this evening:



What would a deal for this contract look like? Would Montreal have to add a pick? Would they demand a pick or player as compensation?

Why would Montreal have to move a pick? Weber on LTIR. Be receiving team adding a pick. I imagine to reach cap floor

 

[HuGort]

He was talking about over the next 4 years Webers total cap hit is 25 million more than the money Arizona will have to pay.

That is quite a savings to Arizona

 

[General Fanager]

High cap hit with low actual cash paid out.

Makes too much sense for Arizona. I dont see a downside for them.

I do see downside for The Habs though. If they intend to have a 2 year retool then that LTIR can be useful in 2 years.......

 

[CupInSIX]

Interesting note from Elliotte Friedman this evening:



What would a deal for this contract look like? Would Montreal have to add a pick? Would they demand a pick or player as compensation?

Absolutely they would have to pay to move 4 years of 7.85M in dead cap (the only exception being Nashville).

 

[Junohockeyfan]

Absolutely they would have to pay to move 4 years of 7.85M in dead cap (the only exception being Nashville).

Nope, Habs are helping a team out. Or they hold onto the contract. Either way, Habs don’t lose assets. No reason yo.

 

[CupInSIX]

Nope, Habs are helping a team out. Or they hold onto the contract. Either way, Habs don’t lose assets. No reason yo.

Not without taking a bad contract back a la Tyler Johnson for Seabrook.

 

[LPHabsFan]

Wow. Who could have ever seen this coming. I mean no one could have predicted something like this. I am shocked to see this.

 

[Junohockeyfan]

Not without taking a bad contract back a la Tyler Johnson for Seabrook.

What’s in it for Habs? Weber only counts to the cap in the offseason and Habs are in rebuilding mode. They will be loading up on assets. Not giving them up while rebuilding.

Weber may also retire inevitably in a year if the Habs ever needed hos capspace offseason.

 

[ReHabs]

I'm not sure Weber is negative value to the Habs enough that they'd pay to get rid of him. At least Arizona would love to have his caphit help them toward the league floor.

Weber wins too, gets paid with fewer taxes for the last big chunk of money owed to him.

Habs win because Price + Weber on LTIR actually hurts them, doesn't help. You can only exceed the Cap by 10% in the offseason, so having both on LTIR is no help.

 

[GAGLine]

High cap hit with low actual cash paid out.

Makes too much sense for Arizona. I dont see a downside for them.

I do see downside for The Habs though. If they intend to have a 2 year retool then that LTIR can be useful in 2 years.......

It's not useful to Montreal at all. Weber on LTIR allows them to go up to 7.9 mil over the cap, but he also costs 7.9 mil against the cap. There's no savings by keeping his contract. In fact, they're more likely to have less cap space by keeping him, since they almost certainly won't be able to fully maximum the LTIR potential. They also won't be able to bank cap space as long as they are using LTIR.

LTIR FAQ - CapFriendly - NHL Salary Caps

 

[Junohockeyfan]

It's not useful to Montreal at all. Weber on LTIR allows them to go up to 7.9 mil over the cap, but he also costs 7.9 mil against the cap. There's no savings by keeping his contract. In fact, they're more likely to have less cap space by keeping him, since they almost certainly won't be able to fully maximum the LTIR potential. They also won't be able to bank cap space as long as they are using LTIR.

LTIR FAQ - CapFriendly - NHL Salary Caps

Habs have no need to go 7.9M above the cap in the offseason this coming season or the one after. They are rebuilding and at least 2 years from competing. By that time, Weber will retire.

 

[GAGLine]

Habs have no need to go 7.9M above the cap in the offseason this coming season or the one after. They are rebuilding and at least 2 years from competing. By that time, Weber will retire.

Whether they do or not is irrelevant to the point I was making. The point is, keeping Weber doesn't benefit them in any way. It can only hurt them.

 

[Junohockeyfan]

Whether they do or not is irrelevant to the point I was making. The point is, keeping Weber doesn't benefit them in any way. It can only hurt them.

It actually could benefit them in a couple years if they are competing and fall under that strange loophole where his LTIR helps circumvent the cap. I see Weber retiring in 2 years and taking a role in player development with the Habs. He is the ultimate team captain.

 

[General Fanager]

It actually could benefit them in a couple years if they are competing and fall under that strange loophole where his LTIR helps circumvent the cap. I see Weber retiring in 2 years and taking a role in player development with the Habs. He is the ultimate team captain.

I wish people would explain this. Why would he retire and give away free money?

 

[Junohockeyfan]

I wish people would explain this. Why would he retire and give away free money?

Because he can make the same money in the front office, doing what he loves to do. He's owed 1M per season at the end of his contract.

I see Weber as a future Coach or GM in the league.

 

[Suntouchable13]

High cap hit with low actual cash paid out.

Makes too much sense for Arizona. I dont see a downside for them.

I do see downside for The Habs though. If they intend to have a 2 year retool then that LTIR can be useful in 2 years.......

I don't understand this LTIR stuff. It doesn't create cap space out of thin air.

 

[First Line]

I wish people would explain this. Why would he retire and give away free money?

Many billlionaires post on HF so for them 1m$ is chump change.

I’m curious what is going rate for a team to take on 6m$ salary from previous ltir deals? What kind of picks are the Habs looking to add?

 

[General Fanager]

Because he can make the same money in the front office, doing what he loves to do. He's owed 1M per season at the end of his contract.

I see Weber as a future Coach or GM in the league.

He loves to play hockey. He can no longer do that

Is there any indication that he wants anything to do with management in the future?