[Signing] Leafs sign Nylander to 6 yr $41.77m deal ($10.2m hit in yr 1, $6.97m hit yr 2-6)

[Oling_Roachinen]

Originally Posted by Macindoc

If you accept the assumption that UFA years cost $1M more than RFA years.

No where even close to accepting that assumption. RFA years are worth almost half of UFA years at this point. Hence why all 8 year second contracts look so much more expensive then 6 year second contracts.

[Macindoc]

Originally Posted by getbak

One. He wasn't on the Leafs roster for 40+ games in 2015-16, so it doesn't count as an accrued season toward UFA status.

Right, forgot he played less than half of his first season. So it's about $6.75M X 5 + $7.75M X 1. The equivalent for Tkachuk would be $7.25M X 8, if it could be agreed that they were comparable. But then there's the cap inflation, too. $7.5M X 8 would still be good.

[Enoch Root]

Originally Posted by jg13

7.5x6? Wow talk about caving under pressure.

Amazing job by Nylanders team.

Originally Posted by GranteedEV

So basically by signing Nylander late they get his future caphit down by 520k, and only have to pay extra in the single year where they can afford to?

Sounds sketchy... like it was planned.

Neither of these points are correct.

The CAP for this year is inflated because it is pro-rated. But Nylander doesn't actually receive the money that it implies.

Nylander's total compensation on this deal is $41.77M (not $45M). And the cap hit for every year after this year is correctly set at $6.96M.

there is no secret savings here, and the Leafs haven't pulled a fast one. It's just that the money Nylander receives this year gets STATED FOR CAP PURPOSES at a higher amount, as it is pro-rated.

Total dollars, and actual cap hit for the other 5 years jive, and are fair.

[Cleveland Steam Whistle]

I’m confused. Why does Draisaitl make $8.5M per season then?

[Enoch Root]

Originally Posted by Oling_Roachinen

They could have signed him to a 1 year 15M contract at the beginning of the season, and then signed him to a 5 year 6M per year contract on January 1, 2019 as well, which would have worked out to the same as a 7.5Mx6year contract.

Except these contracts would have paid Nylander $45M, and the current contract pays him $41.77M

[Robbob]

One thing that was confirmed through all this, and it is was how bad Draisaitl's second contract is.

[Macindoc]

Originally Posted by Oling_Roachinen

No where even close to accepting that assumption. RFA years are worth almost half of UFA years at this point. Hence why all 8 year second contracts look so much more expensive then 6 year second contracts.

Might also have something to do with the quality of the players signing said contracts. Players signing eight year second contracts have been, for the most part, current or future franchise players (Draisaitl aside, but E=NG).

[Robbob]

Originally Posted by cleveland steam whistle

i’m confused. Why does draisaitl make $8.5m per season then?

e=ng

[David Struch]

$10,200,000 cap hit this season.

https://www.capfriendly.com/teams/mapleleafs

[Oling_Roachinen]

Originally Posted by Enoch Root

Except these contracts would have paid Nylander $45M, and the current contract pays him $41.77M

No, 43M and he missed 26 games....

[Enoch Root]

Originally Posted by Oling_Roachinen

No, 43M and he missed 26 games....

No, $41.77M

He only plays 56 games this year, but the money is the money.

[GioforPM]

Originally Posted by Enoch Root

No, $41.77M

He only plays 56 games this year, but the money is the money.

I think his salary is prorated but not any bonus.

[Enoch Root]

Total compensation (cash)

Year 1: $6.77 + 2
Year 2: $0.7 + 8.3
Year 3: $2.5 + $3.5
Year 4: $2.5 + $3.5
Year 5: $2.5 + $3.5
Year 6: $2.5 + $3.5

Total: $41.77M / 6 = $6.96M

Edit: corrected year 2

[Enoch Root]

Originally Posted by GioforPM

I think his salary is prorated but not any bonus.

Yes, the first year salary is pro-rated, and he actually receives $6.77M instead of the implied $10M. But the cap hit has to show the total, which is why it is higher this year.

But he only receives $6.77M, and $41.77M in total.

[GioforPM]

Originally Posted by Enoch Root

Yes, the first year salary is pro-rated, and he actually receives $6.77M instead of the implied $10M. But the cap hit has to show the total, which is why it is higher this year.

But he only receives $6.77M, and $41.77M in total.

Right. I thought the suggestion was that he got his full salary this year. I misunderstood.

[GullFoss]

Originally Posted by Enoch Root

Total compensation (cash)

Year 1: $6.77 + 2
Year 2: $0.77 + 8.3
Year 3: $2.5 + $3.5
Year 4: $2.5 + $3.5
Year 5: $2.5 + $3.5
Year 6: $2.5 + $3.5

Total: $41.77M / 6 = $6.96M

What's interesting about this is that once the signing bonus is paid for $8.3m, his cash cost comes down considerably, which increases his trade value

[GioforPM]

Originally Posted by GullFoss

What's interesting about this is that once the signing bonus is paid for $8.3m, his cash cost comes down considerably, which increases his trade value

Yeah, trade for him in year two and you pay almost league minimum salary that year. I don't quite understand how and when the signing bonuses are paid each year though. It seems counterintuitive for "signing" bonuses to be paid years after signing.

[Enoch Root]

Originally Posted by GullFoss

What's interesting about this is that once the signing bonus is paid for $8.3m, his cash cost comes down considerably, which increases his trade value

Good call. On July 2nd 2019, this contract becomes substantially more attractive in trade.

[Enoch Root]

Originally Posted by GullFoss

What's interesting about this is that once the signing bonus is paid for $8.3m, his cash cost comes down considerably, which increases his trade value

Doing the math on this...

Nylander receives $17.1M between now and July 1st.

Then he costs (in actual dollars) $24.7M over 5 seasons (though the cap hit will still be $6.96M)

For some teams - many teams - that is an attractive situation. You have to tip your hat to Dubas for that fact.

[doctajones428]

Going to be quite the final:

Gaudreau
Monahan
Lindholm
Tkachuk
Hanifin
Matthews
Marner
Nylander
Rielly