Actually, I think i've come up with something that is extremely close to circumventing the cap, but will work under the CBA.
Let's assume Hamilton wants long term @5.5 per. Let's also assume that we don't want to give him that because it mucks up our cap management going forward. We don't mind paying the number, but it's more of a cap management issue.
Hamilton is an RFA.
We do 2 contracts with him.
1st contract: 1 year, for the 2015/16 season. $9,million.
2nd contract: An extension to the first contract. We are allowed to sign an extension as of July 1st. The extension is a 5 year extension at an annual value of $4,250,000 per year, but it won't kick in until the 2016/17 season.
Hamilton then gets to put approximately $30,000,000 in his jeans over the next 6 years.
We have a huge contract for next season, but then longer term we have him at a much more manageable contract number for 5 years after that.
Win win. And I think it would be permitted by the CBA as well.
__________________
"OOOOOOHHHHHHH those Russians" - Boney M
Last edited by killer_carlson; 06-28-2015 at 02:23 PM.
The Following User Says Thank You to killer_carlson For This Useful Post:
I think it will either be 2-3 years long or 6-7. They won't sign for 4 or 5 because that won't really buy any/enough UFA time and he will be a UFA right after.
If it's 2-3 years, I would expect an AAV of $5m-$5.5m
If it's 6-7 years, I would expect an AAV of $6m-$7m
Last edited by Fire of the Phoenix; 06-28-2015 at 02:29 PM.
1st contract: 1 year, for the 2015/16 season. $9,million.
2nd contract: An extension to the first contract. We are allowed to sign an extension as of July 1st. The extension is a 5 year extension at an annual value of $4,250,000 per year, but it won't kick in until the 2016/17 season.
Can't sign an extension until January in the event we only sign him to a one year deal. Also, if we sign him to a 1 year $9m deal, his QO next year is $9m so he'd be dumb to accept anything less baring a catastrophic 15/16 season. Like the idea but the league has done a pretty good job tightening those loop holes from the last CBA.
The Following 4 Users Say Thank You to Fire of the Phoenix For This Useful Post:
Location: Wondering when # became hashtag and not a number sign.
Exp:
From what I have been able to understand, the reason Boston traded Hamilton to begin with is that they couldn't get a long term commitment from DH. That could be problematic if he feels the same way regardless of who is trying to sign him. If it was only the Bruins he didn't want to sign long term with...then fine.
So if true there are 2 options for his deal I can see..
Actually, I think i've come up with something that is extremely close to circumventing the cap, but will work under the CBA.
Let's assume Hamilton wants long term @5.5 per. Let's also assume that we don't want to give him that because it mucks up our cap management going forward. We don't mind paying the number, but it's more of a cap management issue.
Hamilton is an RFA.
We do 2 contracts with him.
1st contract: 1 year, for the 2015/16 season. $9,million.
2nd contract: An extension to the first contract. We are allowed to sign an extension as of July 1st. The extension is a 5 year extension at an annual value of $4,250,000 per year, but it won't kick in until the 2016/17 season.
Hamilton then gets to put approximately $30,000,000 in his jeans over the next 6 years.
We have a huge contract for next season, but then longer term we have him at a much more manageable contract number for 5 years after that.
Win win. And I think it would be permitted by the CBA as well.
That 1st contract worth 9M would dictate that we would have to qualify Hamilton at something worth 9+M, and if we didn't he would have the ability to go to free agency at the age of 23. Also, with RFAs, you can't extend them until the January prior to the expiration of his contract (whereas with pending UFAs, it's the July prior to the expiration of his contract)
From what I have been able to understand, the reason Boston traded Hamilton to begin with is that they couldn't get a long term commitment from DH. That could be problematic if he feels the same way regardless of who is trying to sign him. If it was only the Bruins he didn't want to sign long term with...then fine.
So if true there are 2 options for his deal I can see..
3 years or 7 years. Nothing else makes sense.
I read that he wanted a long term deal but the Bruins wanted a short term, cheap bridge contract that fit into their 'salary structure'. I think BT will have no problem getting him to sign for 6 or 7 years if they can make the dollars work. Too bad we can't get him for 8 years, I would definitely settle for 6 or 7 though (I believe 7 would officially be the longest contract in club history).
__________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
So does Hamilton have to be qualified by tomorrow? Can pretty much be signed whenever after that?
Yes, all pending RFAs have to receive Qualifying Offers by tomorrow. It's not really an issue since his QO is significantly less than what he'll actually sign for.
__________________
Turn up the good, turn down the suck!
