Quote:
Originally Posted by TOfan
That’s another good point. This move is going to save Flames ownership quite a bit of money in actual dollars (not cap dollars). A large chunk of the contract has already been paid by the Oilers. Although this might not mean much to the fans, cause all we really care about is cap dollars, but I’m sure it bought some good will for Treliving with the ownership group. Maybe Treliving gets to invest those dollars in coaching or scouting,
On the other hand maybe in a year or two from now Looch decides enough is enough and he decides to hang them up? Meanwhile the Oilers are carrying dead cap space for a Neal buyout or handing Seattle a couple picks/prospects for the ‘favour’ of taking The real deal off their hands in the expansion draft.
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Quote:
Originally Posted by Sylvanfan
I think Lucic had 19 million in owed dollars left on his contract when it was traded, but after paying the July 1 bonus it was 16 in actual dollars owed, less any retained salary. The Oilers retained 12.5% of the contract, but I'm not sure how the dollars on the retained salary work vs the cap hit since the bonus that the Oilers paid last year is worth more than 12.5% of the 19 million that was left on the deal if you were to look at it from the perspective of the whole season, or 16 million for the timeframe that the the Flames assumed.
Whereas Neal had 23 million remaining in salary obligations. So in terms of cash it could be anywhere from 7 to 10 million if both players were to play out the contracts. The Neal deal, is far more buyout friendly though as the last three years can be bought out for 11.5 ish million with a 6 year cap bogey of just under 2 million.
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Looking at CapFriendly:
Lucic Contract:
2019-20 - $3M SB (already paid by Oilers at time of trade), $3M salary.
20-21 - $3M Signing Bonus, $1M salary.
21-22 - $2.5M SB, $2.5M salary
22-23 - $3M SB, $1M salary.
In total, $16 million left to be paid at the time of the trade, of which, the Oilers are retaining 12.5%, which is $2 million. So the Flames are only paying Lucic a total of $14 million for his remaining 4 years (at the time of the trade).
James Neal has no signing bonuses, and the same salary every year.
$5.75 million x 4 years = $23 million.
So, the trade worked out to be:
Neal
for
Lucic
3rd round pick
$750,000 cap space freed up for the next 4 years
$9 million in actual cash saved over 4 years.