Quote:
Originally Posted by EldrickOnIce
Do I read that right?
If Luongo retires in 2020, the Canucks have an $8.5M cap penalty?
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Yes, the penalty is the amount you "benefitted" from the contract spread over the remaining term of the contract. If a team keeps a player for the entire contract, their benefit value will drop as his salary drops in the later years of the deal.
Because they traded him, Vancouver's "benefit" value is locked in at just over $8.5M. Their penalty will be $8.5M divided by the number of years remaining on his contract when he retires.