[Signing] Stamkos stays in Tampa (8yrs, $8.5 mil AAV)

[Roof-Daddy]

So the Bolts now have about $9 million left to sign Kucherov, Namestnikov and Killorn.

Kucherov a 60+ point forward
Killorn a 40 point forward
Namestnikov a 30+ point forward

That would complete their roster, but it's going to be tight.

They also have to re-sign Nesterov on D but he should be cheap.

If they didn't have Carle chewing up $5.5 million of cap they'd really be laughing.

[devo22]

still some big decisions needed in Tampa ... Yzerman is going to have his hands full crunching numbers in the coming months.

RFA 2016: Kucherov, Namestnikov, Killorn, Nesterov
RFA 2017: Johnson, Palat, Drouin, Sustr, Vasilevski
UFA 2017: Hedman, Bishop

Bishop has to be gone for sure now. Buying out Carle has to be an option as well in order to create some space.

[Enoch Root]

The tax argument is being way overblown around here.

Yes, taxes are lower in Florida than they are in Toronto (or Calgary)

But there is also a little thing called the exchange rate, which is currently about 1.30

$8.5M USD means you are getting paid $11.05M CDN

And yes, the exchange rate is theoretically supposed to reflect the difference in the cost of living. But in practice, it often doesn't.

And that is the case now, as it doesn't cost anywhere near 30% more to live in Toronto than Miami (probably less when you factor in health insurance).

/rant

[Azure]

$1.5 million per year less than Toews and Kane, right? Seems like a good deal if he gets back to scoring 50.

[blankall]

Originally Posted by Enoch Root

The tax argument is being way overblown around here.

Yes, taxes are lower in Florida than they are in Toronto (or Calgary)

But there is also a little thing called the exchange rate, which is currently about 1.30

$8.5M USD means you are getting paid $11.05M CDN

And yes, the exchange rate is theoretically supposed to reflect the difference in the cost of living. But in practice, it often doesn't.

And that is the case now, as it doesn't cost anywhere near 30% more to live in Toronto than Miami (probably less when you factor in health insurance).

/rant

I agree with what you are saying generally, but things like health insurance don't really affect the ultra rich. If you're earning 8.5 mil a year, having to pay an extra $2000/year in health insurance (we still pay premiums) is pretty insignificant.

[Enoch Root]

Originally Posted by blankall

I agree with what you are saying generally, but things like health insurance don't really affect the ultra rich. If you're earning 8.5 mil a year, having to pay an extra $2000/year in health insurance (we still pay premiums) is pretty insignificant.

Your point is valid. But athletes making $8.5M a year don't have health insurance premiums of $2,000

[Senator Clay Davis]

Exchange rate is meaningless to the contract value, players are paid in USD even in Canada. So $12 million a year is like $16.5 million CAD, but everything is more expensive up here so that extra bit doesn't mean much. Taxes do matter though in sports, Texas and Florida have huge advantages over places like California and New York from that perspective, and all of Canada of course.

[Stay Golden]

Delighted that Stamkos is staying put and not the ridiculous 10m per that it was rumoured the NHLPA was wanting this to be pushed for.
Pound sand T.O, Edmonton and Vancouver being so sure he was going to be signed there.

[Domoic]

Originally Posted by Enoch Root

Your point is valid. But athletes making $8.5M a year don't have health insurance premiums of $2,000

Ok. Fine. Multiply by 10x then.

Still pffft.

[getbak]

Originally Posted by Enoch Root

And that is the case now, as it doesn't cost anywhere near 30% more to live in Toronto than Miami (probably less when you factor in health insurance).

Living in Miami would be pretty impractical for a guy who plays in Tampa.

The NHLPA has a group health insurance plan that covers all players regardless of where they play.

[Enoch Root]

Originally Posted by Senator Clay Davis

Exchange rate is meaningless to the contract value, players are paid in USD even in Canada. So $12 million a year is like $16.5 million CAD, but everything is more expensive up here so that extra bit doesn't mean much. Taxes do matter though in sports, Texas and Florida have huge advantages over places like California and New York from that perspective, and all of Canada of course.

It's mot meaningless at all. If you get paid in USD and live in Canada, the exchange rate is a huge factor.

And no, it does not cost 30% more to live in Canadian cities than it does to live in US cities. So yes, the exchange does mean much.

[BrownDrake]

Originally Posted by Roof-Daddy

So the Bolts now have about $9 million left to sign Kucherov, Namestnikov and Killorn.

Kucherov a 60+ point forward
Killorn a 40 point forward
Namestnikov a 30+ point forward

That would complete their roster, but it's going to be tight.

They also have to re-sign Nesterov on D but he should be cheap.

If they didn't have Carle chewing up $5.5 million of cap they'd really be laughing.

What are the chances or what would it take to trade for RW Kucherov?

[Heavy Jack]

Originally Posted by BrownDrake

What are the chances or what would it take to trade for RW Kucherov?

Could we offersheet him??

[GoJetsGo]

Originally Posted by BrownDrake

What are the chances or what would it take to trade for RW Kucherov?

Most likely one of Monahan, Bennett, Gaudreau or Brodie.

So almost no chance.

[robaur]

Kucherov is a beast! Would love to have him on the team. A line of

Gaudreau-Monahan-Kucherov



Now that I dreamt it....

Make it happen BRAD!

[BrownDrake]

Kucherov might be an awesome offer sheet target

Say 6.9 on a 6 year
1st, 2nd and 3rd - RW problem solved

[sureLoss]

Originally Posted by BrownDrake

Kucherov might be an awesome offer sheet target

Say 6.9 on a 6 year
1st, 2nd and 3rd - RW problem solved

1. That offer sheet would require 2 1sts, a 2nd, and a 3
2. Tampa will thank you for signing their best offensive player to a fair contract and match.

[Finger Cookin]

News Update

Elliotte Friedman
‏@FriedgeHNIC
Stamkos contract is bonus-laden. $1M in salary per season, rest in bonuses

So all but $8M of the contract is guaranteed, even in the event of a work stoppage or buyout. Wow.

Originally Posted by Cap Friendly

Signing Bonus
Signing bonuses are paid to the player regardless of a buyout. Therefore, as explained in the buyout caphit formula above, signing bonuses are excluded in the equation when determining the total buyout cost, and are included in the AAV value when determining the remaining caphit.

Signing bonuses therefore decrease the buyout caphit savings. In the case of players with significant signing bonuses, such as David Clarkson, the remaining caphit decreases minimally. Due to this, Clarkson's contract has been referred to as a buyout-proof contract.

[BrownDrake]

Originally Posted by sureLoss

1. That offer sheet would require 2 1sts, a 2nd, and a 3
2. Tampa will thank you for signing their best offensive player to a fair contract and match.

My bad - i thought under 7.3 was one 1st

I guess if they match that they are definately moving one of Killorn/Namestikov

[Hugh Jahrmes]

Originally Posted by BrownDrake

My bad - i thought under 7.3 was one 1st

I guess if they match that they are definately moving one of Killorn/Namestikov

It's total # Divided by number of years, or 5, whichever is less. So, 6m x 5 years is 6m for offer sheet purposes, but 5M x 6 years is still 6M for offer sheet purposes.

Hence the Trouba 7x7 that's rumoured, carrying the 4x1st Rd picks compensation


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