[Trade] Habs trade Shea Weber's contract to Vegas for Evgenii Dadonov

[Reggie28]

Imagine this situation, Weber has surgery to fix up whatever is ailing him. Vegas returns to form next year and looks like a strong contender. Weber decides he has a few games left in him, skates with the team for a few months and is activated for game 1 of the playoffs. Heads would explode around here.

[Jay Random]

Originally Posted by rhino

However living in Canada, being paid in US funds gains him what.. 20%?

Being paid in U.S. funds gains him nothing. You could just as well argue that being measured in centimetres instead of inches makes him taller.

[MrMike]

Originally Posted by Reggie28

Imagine this situation, Weber has surgery to fix up whatever is ailing him. Vegas returns to form next year and looks like a strong contender. Weber decides he has a few games left in him, skates with the team for a few months and is activated for game 1 of the playoffs. Heads would explode around here.

Honestly I wouldn’t even be surprised.

[dissentowner]

Originally Posted by MrMike

Honestly I wouldn’t even be surprised.

Me neither. I fully expect this will happen.

[Major Major]

Originally Posted by dissentowner

Me neither. I fully expect this will happen.

He could do it every year until his contract expires.

[rhino]

Originally Posted by Jay Random

Being paid in U.S. funds gains him nothing. You could just as well argue that being measured in centimetres instead of inches makes him taller.

So you don’t think being paid in a currency that’s on average 20% higher than the currency of the country you live in isn’t a benefit? 9.5 million U.S. salary nets the player about 4.8 in Alberta and 5.7 in Nevada. However if you live in Canada and pay for everything on Canadian $ your 4.8 million US is like 6.6 cad

[Jay Random]

Originally Posted by rhino

So you don’t think being paid in a currency that’s on average 20% higher than the currency of the country you live in isn’t a benefit

No, it is not. It's a different measuring unit, that's all.

9.5 million U.S. salary nets the player about 4.8 in Alberta and 5.7 in Nevada. However if you live in Canada and pay for everything on Canadian $ your 4.8 million US is like 6.6 cad

You don't get to spend Canadian dollars to buy things at U.S. prices. Since the CAD trades a bit below purchasing power parity, you save a bit – 5 to 10 percent – on everyday living expenses. But luxury goods are traded internationally and are much the same price everywhere, and investments, of course, cost what they cost regardless of which currency you buy them with. Nobody is spending the after-tax portion of $9.5 million on everyday living expenses.

The Mexican peso is trading at 20.55 to the U.S. dollar. If Weber moved to Mexico, would he be have 20 times as much money? Of course not.

Why is this hard for you to understand?

[topfiverecords]

Every player is paid in US dollars regardless of which team they’re on.

[powderjunkie]

Originally Posted by dino7c

It obviously is...if some team, especially in the east thought they could improve their team they would have paid a pick or even a minor league player. The fact that Vegas has to pay massive amounts of cash to get rid of him shows what teams think of the contract.

Are we sure Vegas has to pay much cash? One would think Weber’s contract was insured going back to the NAS days…


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[GioforPM]

Originally Posted by powderjunkie

Are we sure Vegas has to pay much cash? One would think Weber’s contract was insured going back to the NAS days…


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Supposedly it is. Which made his space more valuable.

https://sinbin.vegas/how-shea-webers...olden-knights/

[Kipper_3434]

Originally Posted by rhino

So you don’t think being paid in a currency that’s on average 20% higher than the currency of the country you live in isn’t a benefit? 9.5 million U.S. salary nets the player about 4.8 in Alberta and 5.7 in Nevada. However if you live in Canada and pay for everything on Canadian $ your 4.8 million US is like 6.6 cad

Cost of living in USA is significantly lower than Canada. Every nhl contract is in USD.

[Flames Fan, Ph.D.]

Originally Posted by Kipper_3434

Cost of living in USA is significantly lower than Canada. Every nhl contract is in USD.

Really? I'll go tell my bank account it should have more money in it than it does.

[GreenLantern2814]

Originally Posted by dino7c

its such a good contract they are paying millions of dollars to give it away

Its obviously a bad contract, they want to get rid of it and nobody wants it unless you pay

Dadonov has 20g in 4 of the last 5 years. His cap hit is $5m for one more year.

It’s not a bad contract, the Knights literally have too many good players.

Originally Posted by Kipper_3434

Cost of living in USA is significantly lower than Canada. Every nhl contract is in USD.

Except for that pesky health insurance.

[Kipper_3434]

Originally Posted by Flames Fan, Ph.D.

Really? I'll go tell my bank account it should have more money in it than it does.

Huh? Did you mean your accountant? To my point pretty much every necessity is cheaper in America than Canada. Clothing, fuel, transportation, shelter and food. Then there's luxury items like electronics, cellular plans, internet, plane tickets, and consumer goods which are also generally way cheaper in the larger southern market.

[Kipper_3434]

Originally Posted by GreenLantern2814

Dadonov has 20g in 4 of the last 5 years. His cap hit is $5m for one more year.

It’s not a bad contract, the Knights literally have too many good players.



Except for that pesky health insurance.

I believe our health insurance is roughly 2100$ per capita in tax burden. Not sure what the cost is for health insurance in the USA but no doubt the Canadian system is more balanced and fair to access.

[Scroopy Noopers]

Originally Posted by Kipper_3434

Cost of living in USA is significantly lower than Canada. Every nhl contract is in USD.

Wow, who knew I could save my money by living in New York City or LA instead of Winnipeg or Edmonton. Crazy!

[GreenLantern2814]

Originally Posted by Kipper_3434

I believe our health insurance is roughly 2100$ per capita in tax burden. Not sure what the cost is for health insurance in the USA but no doubt the Canadian system is more balanced and fair to access.

I heard a story just last week from a colleague about a friend in the States who pays $2100 a month for health insurance above and beyond what their employer coverage provides.

Some parents of a friend of mine moved to Phoenix to retire - they pay $12,500 a year each.

It’s truly ####ed.

[Jason14h]

Originally Posted by Kipper_3434

I believe our health insurance is roughly 2100$ per capita in tax burden. Not sure what the cost is for health insurance in the USA but no doubt the Canadian system is more balanced and fair to access.

That number doesn’t sound anywhere close

First google result shows 6X higher for a family

https://www.wealthprofessional.ca/in...n%20households.

[Flames Fan, Ph.D.]

Originally Posted by Kipper_3434

Huh? Did you mean your accountant? To my point pretty much every necessity is cheaper in America than Canada. Clothing, fuel, transportation, shelter and food. Then there's luxury items like electronics, cellular plans, internet, plane tickets, and consumer goods which are also generally way cheaper in the larger southern market.

I live in Seattle.

10% sales tax, homes here are among the most expensive in the US, and child care is $2100-2500 a month.

Health insurance is costly, even with employer subsidy.

I think the whole 'US is cheaper' is a canard. It's arguably cheaper if you're middle class and live in rural Nebraska (and don't get sick), or if you're ultra-rich (very favourable tax laws for high net worth individuals). For the average family, it's definitely not cheaper if you live in the kind of city that has an NHL hockey team. All in all, if you're making less than 100K, you're way better off financially if you live in Canada.

Admittedly for players like Johnny, the cost of living is probably immaterial and not a meaningful draw one way or another.

[topfiverecords]

Originally Posted by Scroopy Noopers

Wow, who knew I could save my money by living in New York City or LA instead of Winnipeg or Edmonton. Crazy!

Is there even a single property in Winnipeg worth more than the cheapest place in Manhattan?