[Rumour] UPD: Chicago and Edmonton "closing in" on Keith deal

[getbak]

[Reggie Dunlop]

https://twitter.com/user/status/1414648218600845313

Done deal

[ComixZone]

Sounds like Jones and a 3rd or 4th.

…if he can bounce back, it could be good for Edmonton…?

[SuperMatt18]

Really hope their is no cap retention on the Hawks side.

Oilers using up their cap space before UFA/Draft on Duncan Keith would be great

[Ashasx]

Originally Posted by ComixZone

Sounds like Jones and a 3rd or 4th.

…if he can bounce back, it could be good for Edmonton…?

Not sure it's reasonable to expect him to bounce back at 38.

[Locke]

The Oilers are ADDING???

WHY???

[Ashasx]

Originally Posted by Locke

The Oilers are ADDING???

WHY???

NHL general managers are bad at their jobs.

[Reggie Dunlop]

Congratulations to Caleb Jones and the Caleb Jones family.

Congratulations to Oiler pick and the Oiler Pick family.

Thoughts and prayers to Duncan Keith and the Duncan Keith family.

[stemit14]

Two years left on Keith’s deal, is that correct?


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[dino7c]

lol this is great

Barrie>Keith

[Toonage]

And no salary retention? Yikes

Also Friedman a week ago figured Seattle was the destination. Oilers must have got the jitters lol

[flambers]

Originally Posted by stemit14

Two years left on Keith’s deal, is that correct?

yep that's correct

[Locke]

Originally Posted by Ashasx

NHL general managers are bad at their jobs.

I have never in my life pretended to be an NHL executive, but I saw that and...my initial instinct was 'this is a bad deal.'

And yet here we are.

[The Cobra]

Who would have thought that in a cap starved world, you could move a non-elite player with a two year larger cap hit for value with no retention.

[Lanny_McDonald]

Anyone think we could possibly move Lucic back to Edmonton for Bear and their 4th, no retention?

[dammage79]

Originally Posted by Lanny_McDonald

Anyone think we could possibly move Lucic back to Edmonton for Bear and their 4th, no retention?

Unless Seattle takes him, I think the ship has sailed on Lucic going anywhere. He's an actual good fit with CGY.

[MegaErtz]

Everyone is complaining about Tampa Bay being so far over the cap, but the real cap cheats are cheap owners that take on contracts that were frontloaded, so although this guy's cap hit is $5.5 million per year for the next two years, my understanding is that the actual money he'll be paid is 2.1m this season and 1.5m the next. The Oilers will take a 5.5m cap hit each season but only pay him 3.6m total.

Shea Weber has a similar contract. He's due 6 million this upcoming season, 3 million the next, and then one million for each of the next three seasons. His cap hit is $7.857m per year, so some team is going to get credit towards hitting the cap floor of $7.857m in each of those last three seasons, while only having to pay him $1m per year.

Funny how all these overpaid, over the hill bums end up on Canadian teams so that the owners can claim that they're spending to the cap. No coincidence that no Canadian team has won a Stanley Cup in twenty-eight years.

[The Cobra]

Originally Posted by MegaErtz

Everyone is complaining about Tampa Bay being so far over the cap, but the real cap cheats are cheap owners that take on contracts that were frontloaded, so although this guy's cap hit is $5.5 million per year for the next two years, my understanding is that the actual money he'll be paid is 2.1m this season and 1.5m the next. The Oilers will take a 5.5m cap hit each season but only pay him 3.6m total.

Shea Weber has a similar contract. He's due 6 million this upcoming season, 3 million the next, and then one million for each of the next three seasons. His cap hit is $7.857m per year, so some team is going to get credit towards hitting the cap floor of $7.857m in each of those last three seasons, while only having to pay him $1m per year.

Funny how all these overpaid, over the hill bums end up on Canadian teams so that the owners can claim that they're spending to the cap. No coincidence that no Canadian team has won a Stanley Cup in twenty-eight years.

Neither Weber nor Keith were picked up to avoid paying less cash.

Any other examples of this for Canadian teams?

And how are these “cap cheats”. They may be cheap, but they are certainly not cheating the cap.


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[MegaErtz]

Originally Posted by The Cobra

Neither Weber nor Keith were picked up to avoid paying less cash.

Any other examples of this for Canadian teams?

And how are these “cap cheats”. They may be cheap, but they are certainly not cheating the cap.


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Of course Duncan Keith was picked up to avoid paying money. Katz can claim he's spending to the cap when in reality, he's going to pay this guy 3.6m total and claim 11m against the cap. There's a reason that Chicago didn't retain any salary and actually got a third round pick back. They traded a player who is clearly on the downside of his career but has a great contract.

It boggles my mind that Canadians can't see that they're being taken advantage of. Weber is 35 right now and under contract for FIVE more years. Do you really think he'll be an NHL player at age forty? No, but the Canadiens will only pay him one million in each of the final three years of his contract, but be able to claim to their fans that they're "spending to the cap" because he counts for $7.8m in salary.

https://www.spotrac.com/nhl/montreal...ea-weber-1859/

I've been a Flames fan for a long time and I remember when all of the big market American teams would just take the best players from Calgary, Edmonton, and Ottawa. Now these American teams use us as dumping grounds for their aging players because our owners are too cheap to shell out the cash and the fans are too stupid to realize they're being played.

[GioforPM]

Originally Posted by MegaErtz

Of course Duncan Keith was picked up to avoid paying money. Katz can claim he's spending to the cap when in reality, he's going to pay this guy 3.6m total and claim 11m against the cap. There's a reason that Chicago didn't retain any salary and actually got a third round pick back. They traded a player who is clearly on the downside of his career but has a great contract.

It boggles my mind that Canadians can't see that they're being taken advantage of. Weber is 35 right now and under contract for FIVE more years. Do you really think he'll be an NHL player at age forty? No, but the Canadiens will only pay him one million in each of the final three years of his contract, but be able to claim to their fans that they're "spending to the cap" because he counts for $7.8m in salary.

https://www.spotrac.com/nhl/montreal...ea-weber-1859/

I've been a Flames fan for a long time and I remember when all of the big market American teams would just take the best players from Calgary, Edmonton, and Ottawa. Now these American teams use us as dumping grounds for their aging players because our owners are too cheap to shell out the cash and the fans are too stupid to realize they're being played.

The reason Chicago didn't retain and got a return on the the trade isn't because Keith's contract is "great". Keith isn't even worth the 2.1 cash he gets next year. The reason they got that deal is because Holland is a doofus.

As for front end loaded contracts, especially pre-lockout ones like this, they were happily used by Darryl Sutter as GM of the Flames. They were intended as a means of lowering cap hit during prime years, while paying top dollar for prime years. Look at Kipper's deal.