Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Gillis claims to have a deal for Luongo...kind of

morgin · 01-22-2013, 04:41 PM

All things considered, Luongo's remaining contract isn't nearly as bad as people are making it out to be.

Given this year is prorated, it's really only 5.5 years at 6,714,000 per year @ 5.3 mil cap hit. Then another 4 years in a mentor/backup role costing 6.9mil mil over that period. His stats over the last few years are among the top of the league. Full stop. Whether the intangibles like not being clutch or whatever are true or not (not likely to find many in a rival teams fanbase who would say he is, but he did bail the canucks out many times during the playoffs which seems to be forgotten in place of the team meltdowns that he had to backstop) on the open market a guy like Luongo is easily going to make his cap hit (http://www.capgeek.com/leaders/?type...ion=G&limit=25).

Taking a 5.3 mil cap hit for a backup/1B role in the final 4 years sounds bad, but we're also talking about 2018-2022. If the business of hockey continues to grow (and all indications are that there are a lot of terrible markets and a lot of room for such growth) a 5.3mil/year cap hit in those years is likely a lot less painful sounding than it sounds now. That said, there is nothing stopping a team from taking on Luongo at a decent locked in cap hit for 5.5 years with the intention of trading him to a team in the last 4 years that needs the cap hit and low salary. He has the NTC, but this is 2018 we are talking about - no where can predict what financial situation teams may be in then and who he would consider playing for. Do you not take a franchise goalie because you are worried about the last 4 years? Tough to say.

EDIT: Also forgot that the NTC opens up between the 5th and 6th year (summer 2015) and the 7th and 8th year (summer 2017).

Is it a great contract to shop? No. Is it the worst in the league? Not by a long shot. It would be tough for teams with spending limits to take on the sheer amount of $$ for the next 5.5, but from a cap management perspective, it's not really that bad if you are going to have him as a starter.

That said, they'll probably trade Schneider after he plays terribly against Calgary and that will be the end of that!

01-22-2013, 04:41 PM	#82
morgin Scoring Winger Join Date: Mar 2009 Exp:	All things considered, Luongo's remaining contract isn't nearly as bad as people are making it out to be. Given this year is prorated, it's really only 5.5 years at 6,714,000 per year @ 5.3 mil cap hit. Then another 4 years in a mentor/backup role costing 6.9mil mil over that period. His stats over the last few years are among the top of the league. Full stop. Whether the intangibles like not being clutch or whatever are true or not (not likely to find many in a rival teams fanbase who would say he is, but he did bail the canucks out many times during the playoffs which seems to be forgotten in place of the team meltdowns that he had to backstop) on the open market a guy like Luongo is easily going to make his cap hit (http://www.capgeek.com/leaders/?type...ion=G&limit=25). Taking a 5.3 mil cap hit for a backup/1B role in the final 4 years sounds bad, but we're also talking about 2018-2022. If the business of hockey continues to grow (and all indications are that there are a lot of terrible markets and a lot of room for such growth) a 5.3mil/year cap hit in those years is likely a lot less painful sounding than it sounds now. That said, there is nothing stopping a team from taking on Luongo at a decent locked in cap hit for 5.5 years with the intention of trading him to a team in the last 4 years that needs the cap hit and low salary. He has the NTC, but this is 2018 we are talking about - no where can predict what financial situation teams may be in then and who he would consider playing for. Do you not take a franchise goalie because you are worried about the last 4 years? Tough to say. EDIT: Also forgot that the NTC opens up between the 5th and 6th year (summer 2015) and the 7th and 8th year (summer 2017). Is it a great contract to shop? No. Is it the worst in the league? Not by a long shot. It would be tough for teams with spending limits to take on the sheer amount of $$ for the next 5.5, but from a cap management perspective, it's not really that bad if you are going to have him as a starter. That said, they'll probably trade Schneider after he plays terribly against Calgary and that will be the end of that! Last edited by morgin; 01-22-2013 at 05:47 PM.