06-27-2013, 11:08 AM
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#1
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Backup Goalie
Join Date: Nov 2011
Exp: 
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[News] Chicago To Buyout Montador And Olesz
Quote From TSN:
The Stanley Cup Champion Chicago Blackhawks have a plan for their two compliance buyouts. General Manager Stan Bowman announced on Thursday that they will use them on defenceman Steve Montador and forward Rostislav Olesz if both players clear waivers.
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06-27-2013, 11:12 AM
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#2
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Franchise Player
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Not surprised those 2 are being bought out. A bit surprised that Blackhawks would not include a 2nd round pick to have another team buyout Olesz? He had one year left at over $4 million. If no team would help them out on an expiring contract next season, then i doubt we will see any trades for buyouts this year.
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06-27-2013, 11:14 AM
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#3
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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Surprised they didn't buy out Hossa. That contract will cost them dearly down the road. I imagine they are willing to sacrifice the future in hopes of winning another Cup in the next 2-3 years.
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06-27-2013, 11:21 AM
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#4
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Powerplay Quarterback
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With a contract like Hossa's, would it almost be better to buy him out in the last few years of his contract, rather than letting him retire and have a larger cap recapture penalty?
Anyone have the insight on what the math would look like in those 2 scenarios?
__________________
Quote:
Originally Posted by J pold
I'm just a overall d-bag
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06-27-2013, 11:24 AM
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#5
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Franchise Player
Join Date: Jan 2010
Location: Chicago Native relocated to the stinking desert of Utah
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From Chicago, rumors also have Bolland and Leddy being shopped around...With Hossa a trade, down the road, to a cap floor team would be a possibility, I suppose...I am not really sure how all those arcane numbers work....
__________________
"If the wine's not good enough for the cook, the wine's not good enough for the dish!" - Julia Child (goddess of the kitchen)
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06-27-2013, 11:25 AM
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#6
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Franchise Player
Join Date: Jun 2011
Location: Calgary
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Quote:
Originally Posted by thefoss1957
From Chicago, rumors also have Bolland and Leddy being shopped around...
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We'll take both 8)
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06-27-2013, 11:26 AM
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#7
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Franchise Player
Join Date: Dec 2003
Location: Sunshine Coast
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I wouldn't mind offering Montador a two way contract. If his concussion problems are over, with his toughness, he could compete for a job here.
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06-27-2013, 11:31 AM
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#8
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Franchise Player
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Quote:
Originally Posted by Vulcan
I wouldn't mind offering Montador a two way contract. If his concussion problems are over, with his toughness, he could compete for a job here.
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Montador and Ference!
Come on, Rhett, start doing some sit-ups
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The Following User Says Thank You to Enoch Root For This Useful Post:
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06-27-2013, 11:34 AM
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#9
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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Quote:
Originally Posted by jroc
With a contract like Hossa's, would it almost be better to buy him out in the last few years of his contract, rather than letting him retire and have a larger cap recapture penalty?
Anyone have the insight on what the math would look like in those 2 scenarios?
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There is only a two year window for these compliance buyouts and the Hawks have used both of theirs.
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06-27-2013, 11:34 AM
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#10
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Franchise Player
Join Date: Feb 2006
Location: Calgary, AB
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Quote:
Originally Posted by jroc
With a contract like Hossa's, would it almost be better to buy him out in the last few years of his contract, rather than letting him retire and have a larger cap recapture penalty?
Anyone have the insight on what the math would look like in those 2 scenarios?
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Using the CapGeek buyout calculator, if the Hawks were to buyout Hossa in the summer of 2017 (when his salary drops to $1M/season), he would still have a cap hit of $4.6M for the final four seasons of his contract, then an additional $333,333 cap hit for the following four seasons.
Using the CapGeek Cap Benefit Recapture calculator, if Hossa were to retire in 2017 without being traded by Chicago, the cap penalty would be $4.275M for the final four seasons of his contract.
So, it's better Chicago for him to retire early than it is to buy him out, although both scenarios will suck for the Hawks.
__________________
Turn up the good, turn down the suck!
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The Following User Says Thank You to getbak For This Useful Post:
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06-27-2013, 11:36 AM
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#11
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Ate 100 Treadmills
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Quote:
Originally Posted by getbak
Using the CapGeek buyout calculator, if the Hawks were to buyout Hossa in the summer of 2017 (when his salary drops to $1M/season), he would still have a cap hit of $4.6M for the final four seasons of his contract, then an additional $333,333 cap hit for the following four seasons.
Using the CapGeek Cap Benefit Recapture calculator, if Hossa were to retire in 2017 without being traded by Chicago, the cap penalty would be $4.275M for the final four seasons of his contract.
So, it's better Chicago for him to retire early than it is to buy him out, although both scenarios will suck for the Hawks.
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They could also trade him to a cap floor team. That'd save a cap floor team 4+ mil a year for several years.
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The Following User Says Thank You to blankall For This Useful Post:
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06-27-2013, 11:36 AM
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#12
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Powerplay Quarterback
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Quote:
Originally Posted by Erick Estrada
There is only a two year window for these compliance buyouts and the Hawks have used both of theirs.
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You can still do regular buyouts...
__________________
Quote:
Originally Posted by J pold
I'm just a overall d-bag
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06-27-2013, 11:38 AM
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#13
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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Quote:
Originally Posted by jroc
You can still do regular buyouts...
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But the cap penalties are steep for a guy that will no longer play for the team.
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06-27-2013, 11:38 AM
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#14
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Franchise Player
Join Date: Feb 2002
Location: Silicon Valley
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Quote:
Originally Posted by Erick Estrada
Surprised they didn't buy out Hossa. That contract will cost them dearly down the road. I imagine they are willing to sacrifice the future in hopes of winning another Cup in the next 2-3 years.
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NMC / can't be put on waivers and/or bought out?
__________________
"With a coach and a player, sometimes there's just so much respect there that it's boils over"
-Taylor Hall
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06-27-2013, 11:40 AM
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#15
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Franchise Player
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Quote:
Originally Posted by Phanuthier
NMC / can't be put on waivers and/or bought out?
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NMC can be bought out. Player has the right to choose to be bought out directly, or be placed on waivers and then bought out.
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06-27-2013, 11:40 AM
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#16
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Powerplay Quarterback
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Quote:
Originally Posted by Erick Estrada
But the cap penalties are steep for a guy that will no longer play for the team.
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Hence why I was inquiring the difference of cap penalty for a buyout vs. retirement.
__________________
Quote:
Originally Posted by J pold
I'm just a overall d-bag
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06-27-2013, 11:41 AM
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#17
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Franchise Player
Join Date: Feb 2006
Location: Calgary, AB
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Quote:
Originally Posted by Phanuthier
NMC / can't be put on waivers and/or bought out?
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Players with NMCs can be bought out, but they have the choice as to whether or not they are placed on waivers beforehand. Lecavalier, Briere, and Bryz all had NMCs and all are being bought out (but none were placed on waivers this morning).
__________________
Turn up the good, turn down the suck!
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06-27-2013, 11:54 AM
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#18
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Franchise Player
Join Date: Jun 2008
Location: Calgary
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Yeah, EE, the Hawks will just trade Hossa's right to NYI or Nashville in a few years, who will be thrilled to have him count against the cap. The Hawks are Cup contenders for the foreseeable future, and Hossa is a key part of that.
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06-27-2013, 12:05 PM
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#19
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Ate 100 Treadmills
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Quote:
Originally Posted by VladtheImpaler
Yeah, EE, the Hawks will just trade Hossa's right to NYI or Nashville in a few years, who will be thrilled to have him count against the cap. The Hawks are Cup contenders for the foreseeable future, and Hossa is a key part of that.
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Exactly.
It's a no brainer to keep Hossa right now. The team is doing so well right now, that you just need to worry about Hossa in a few years. Even then, there are a bunch of options.
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06-27-2013, 12:09 PM
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#20
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Quote:
Originally Posted by VladtheImpaler
Yeah, EE, the Hawks will just trade Hossa's right to NYI or Nashville in a few years, who will be thrilled to have him count against the cap. The Hawks are Cup contenders for the foreseeable future, and Hossa is a key part of that.
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Even if Chicago trades him they will still face recapture penalties
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