[News] UPD: Sharks terminate Evander Kane's contract

[GioforPM]

Originally Posted by djsFlames

Isn't retaining 3.5 better for them than keeping him on the books and not playing him?

Buying him out would obvs be cap suicide.

I think they are hoping for an ability to escape the contract via his breach. Like the Kings tried semi-successfully with Richards.

[Sylvanfan]

It's one thing to retain salary on an expiring contract that has 6 weeks of money owed on it to get a mid round pick. But if you're looking for a second team to pick up salary for 3 years and close to 5 million in spent money after whatever is owed this year is settled. That's not going to be a single 3rd round pick here.

At an absolute Minimum, I would want a 2nd round pick in those three years and a 3rd this year to step in and broker that deal.

So then it's a matter of who's paying the broker to get the cap hit down to 1.75 for the acquiring team.

Whereas if the Sharks bite the bullet, and buy him out, it's 14 million after this year with 9 of the cap hit absorbed in the first 3 years in penalty's and 5 in the next three years. So on average it's less of a hit earlier and a bit of pain in the 4th to 6th years...but you also don't lose any picks to be out of the contract.

[cam_wmh]

Originally Posted by Sylvanfan

It's one thing to retain salary on an expiring contract that has 6 weeks of money owed on it to get a mid round pick. But if you're looking for a second team to pick up salary for 3 years and close to 5 million in spent money after whatever is owed this year is settled. That's not going to be a single 3rd round pick here.

At an absolute Minimum, I would want a 2nd round pick in those three years and a 3rd this year to step in and broker that deal.

So then it's a matter of who's paying the broker to get the cap hit down to 1.75 for the acquiring team.

Whereas if the Sharks bite the bullet, and buy him out, it's 14 million after this year with 9 of the cap hit absorbed in the first 3 years in penalty's and 5 in the next three years. So on average it's less of a hit earlier and a bit of pain in the 4th to 6th years...but you also don't lose any picks to be out of the contract.

Has anyone quantified cap dollars, to draft picks? I did a quick search, and found this analysis from 2011. Its dry, and dated. https://myslu.stlawu.edu/~msch/sport..._NHL_Draft.pdf

For ex, (spit-balling)
$2m in annual cap would be a 2nd round pick.
$3m, a 1st. etc;

[the2bears]

Originally Posted by klikitiklik

How many games have we been missing this element.

Not many, actually.

You seem to think it's a given he'd come in and help out with Sutter's guidance. In my mind it's a big if, and not even close to being worth the risk.

All for a problem that is manufactured.

[cam_wmh]

Originally Posted by cam_wmh

Has anyone quantified cap dollars, to draft picks? I did a quick search, and found this analysis from 2011. Its dry, and dated. https://myslu.stlawu.edu/~msch/sport..._NHL_Draft.pdf

For ex, (spit-balling)
$2m in annual cap would be a 2nd round pick.
$3m, a 1st. etc;

Bit of a baseline; with the Marleau trade.

Carolina took on the $6.25 million cap hit of Patrick Marleau in exchange for a 1st round pick (13th overall) in the 2020 NHL entry draft, and a 7th round pick in the NHL entry draft, giving up a 6th round pick in the same draft

$6.25m for a 1st rounder. But barely $1m in cash, over 2 years --

CBA took away this advantage with O35 contract.
https://www.capfriendly.com/buyout-f...205%20pm%20EST.

So not a linear comparable, as while the cap-hit is substantial, the actual pay-out costs are but a fraction. For a team with cap-space they pay $1m/2 yrs, in real money for a 1st rounder.

[FlamesAddiction]

Originally Posted by cam_wmh

Bit of a baseline; with the Marleau trade.



$6.25m for a 1st rounder. But barely $1m in cash, over 2 years --

CBA took away this advantage with O35 contract.

Just looked it up and they drafted Seth Jarvis with that pick. The early returns on that are looking pretty good for them. Canes done good.

[activeStick]

https://twitter.com/user/status/1465774140783267847

[Sylvanfan]

Originally Posted by cam_wmh

Bit of a baseline; with the Marleau trade.



$6.25m for a 1st rounder. But barely $1m in cash, over 2 years --

CBA took away this advantage with O35 contract.
https://www.capfriendly.com/buyout-f...205%20pm%20EST.

So not a linear comparable, as while the cap-hit is substantial, the actual pay-out costs are but a fraction. For a team with cap-space they pay $1m/2 yrs, in real money for a 1st rounder.

That was one I looked at as a comparable too. The cap hit was high, but the amount of the buyout wasn't. So it was a big one year cap hit, but as you note the dollar cost was not, and the Canes were able to keep the cap bogey to a single year which is more manageable.

Many things come into play like when did a bonus get paid, how much was it and all that.

Last year we saw more deals where a third team would step in and retain another 50% to get a 3rd or 4th round pick. In a typical year with say 49 to 42 days left in the season that equates to 6-7% of the players salary at most. Plus it's usually a team that's out of it only taking that hit for the duration of a year where they know they are not in it. So if it's a 4 million dollar a year player with just a salary you can value that as 280 grand buying a third, a bit less once escrow factors in to broker those deals. But last year teams didn't have very good revenue, maybe this year the same money buys a lower round pick.

For a team like say Arizona or Ottawa they'd need to be retaining a lot more cash for 3 years after this to broker a deal. Say either one of these teams accomplishes their goal of winning the draft Lottery and wins Shane Wright that team will want to be going for the playoffs two years from now as they won't want to waste any of his rookie deal rebuilding. So for them to be carrying that 1.75 per year bogey, and have their owner shell out the cash, I have to think they'll be wanting more than a fourth round pick for the trouble.

[InternationalVillager]

https://twitter.com/user/status/1466124799219048451

Interesting tweet thread.

Evander Kane granted custody of his daughter and his wife, Anna Kane, told by court to undergo psychological evaluation.

Maybe, we as a society, should just wait to get the full information before we judge people.

[InternationalVillager]

https://twitter.com/user/status/1465774590471385095

His version is that the Sharks told him nothing but positive things in the End of Year meeting and then everything in the summer happened.

[activeStick]

Originally Posted by InternationalVillager

https://twitter.com/user/status/1466124799219048451

Interesting tweet thread.

Evander Kane granted custody of his daughter and his wife, Anna Kane, told by court to undergo psychological evaluation.

Maybe, we as a society, should just wait to get the full information before we judge people.

Pretty important spelling mistake if it's indeed a psychological evaluation that the original Tweeter meant to say.

[PegCityFlamesFan]

Originally Posted by InternationalVillager

https://twitter.com/user/status/1466124799219048451

Interesting tweet thread.

Evander Kane granted custody of his daughter and his wife, Anna Kane, told by court to undergo psychological evaluation.

Maybe, we as a society, should just wait to get the full information before we judge people.

Kane doesn't get the benefit of the doubt based on his history, sorry.

[Wish They Could Win]

Originally Posted by activeStick

Pretty important spelling mistake if it's indeed a psychological evaluation that the original Tweeter meant to say.

There is a follow up tweet with "^ psychological evaluation" so it was a mistake.

[timun]

Originally Posted by InternationalVillager

Interesting tweet thread.

Evander Kane granted custody of his daughter and his wife, Anna Kane, told by court to undergo psychological evaluation.

Physiological, not psychological, per the tweet.

Never mind, already pointed out.

[djsFlames]

Originally Posted by InternationalVillager

https://twitter.com/user/status/1466124799219048451

Interesting tweet thread.

Evander Kane granted custody of his daughter and his wife, Anna Kane, told by court to undergo psychological evaluation.

Maybe, we as a society, should just wait to get the full information before we judge people.

Physiological.

I'm maintaining that they're both nutbags with issues but right now the mother is apparently the less reliable custody option, which speaks volumes.

Poster that was equating entertaining a Kane acquisition with decrying the Blackhawks re the Kyle Beach situation is quite a leap of logic and frankly ridiculous. Evander certainly imploded his life, screwed over some people and is a questionable person to say the least, but the claims of alleged abuse are coming from what appears to be an unreliable source at best who has their own grudge match with Kane and appears to be willing to accuse him of anything to gain favour in the public eye and in court. Two pretty different situations until concrete evidence comes to light from more sources than his crazy ex that Evander has committed anything criminally heinous aside from abuse his gambling addiction and be an #####.

Still probably a bad idea from a team standpoint.

[GioforPM]

Originally Posted by djsFlames

Physiological.

I'm maintaining that they're both nutbags with issues but right now the mother is apparently the less reliable custody option, which speaks volumes.

Unless this is a typo in the tweet, this has to do with the pregnancy/abortion claims I guess. Or maybe the abuse.

ETA: Following down the twitter thread, it appears it was a typo and he meant psychological

https://twitter.com/user/status/1466130142972063748

[FanIn80]

Ok I'm glad the correction was posted, because I was seriously confused about why the mother would need to be tested to determine if she was the biological mother.

[djsFlames]

Psychological makes a lot more sense lol.

[Hockey_Ninja]

https://twitter.com/user/status/1466218555649630208

[Heavy Jack]

Just with how he’s coming back in I’d be wary of wanting to add that type of distraction into a team. It’ll be interesting who steps up and what the eventual deal is.