With such a saturated goalie market I would be shocked if Luongo was not significant negative value in a trade. It's not that he isn't still a clear cut starter and a top goalie in the NHL, it's the contract of course that makes him close to unmovable. I expect it would take Luo + significant value in a trade that got back nearly the same money in a cap hit when you consider the cap is going down and most teams will be looking to shed salary. Something like Luo + a pick(s) or decent prospect (do the Canucks have any left to dangle?) for a player(s) with a decent to bad contract coming back.
Again with all the UFA, RFA and 1-2 year rental goalies available and the cap coming down, I can't see many teams wanting to tie themselves to such a long contract. The only other solution would be a buy out and that... that might be a tough pill to swallow.
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