[Signing] Oilers sign Hyman (7yrs, $5.5 mil AAV)

[Sofa GM]

Originally Posted by You Need a Thneed

As I looked up for the Jones trade, it does not need to be Toronto that signs Hyman to an 8 year deal, then traded to Edmonton.

Edmonton can sign Hyman to an 8 year deal after they make the trade, but it has to be prior to free agency opening.

100% true, but the Leafs need some incentive to trade him….

[You Need a Thneed]

Originally Posted by Sofa GM

100% true, but the Leafs need some incentive to trade him….

Yes.

Just a technical note.

[AC]

Originally Posted by You Need a Thneed

As I looked up for the Jones trade, it does not need to be Toronto that signs Hyman to an 8 year deal, then traded to Edmonton.

Edmonton can sign Hyman to an 8 year deal after they make the trade, but it has to be prior to free agency opening.

No, only Toronto can sign Hyman to 8 years and that ability expires once free agency begins.

https://www.pensionplanpuppets.com/2...sign-and-trade

(iv) An SPC with a term of greater than seven (7) years, provided, however, that a Club may sign a Player to an SPC with a term of up to eight (8) years if that Player was on such Club’s Reserve List as of and since the most recent Trade Deadline.

The Maple Leafs could sign Joseph Woll or Nick Foligno or Zach Hyman to an eight-year deal. They cannot acquire Dougie Hamilton in trade and then sign him to eight years.

For players whose contracts are running out — pending UFAs — this ability to sign eight-year deals expires at midnight before the opening of free agency.

[You Need a Thneed]

Originally Posted by AC

No, only Toronto can sign Hyman to 8 years and that ability expires once free agency begins.

https://www.pensionplanpuppets.com/2...sign-and-trade

Nope, that clause is one of the things that changed in the 2020 CBA extension.

No longer does a player have to have been on the reserve list for the most recent trade deadline.

Or else Seth Jones wouldn’t have been able to (future) sign an 8 year extension before next years trade deadline.

[AC]

Originally Posted by You Need a Thneed

Nope, that clause is one of the things that changed in the 2020 CBA extension.

No longer does a player have to have been on the reserve list for the most recent trade deadline.

Or else Seth Jones wouldn’t have been able to (future) sign an 8 year extension before next years trade deadline.

Hmm it looks like the trade deadline reserve list thing is somewhat different for players still under contract, but in the case of an about to expire contract like Hyman, only Toronto can sign him to an 8 year deal.

From that same article:

This means that if the Maple Leafs were to trade Morgan Rielly to any team at any time between now and the next trade deadline, the acquiring team could sign him to an eight-year extension right away. The Leafs can, of course, also extend Rielly now for eight-years.

The only way around this requirement that a player getting an eight-year extension cannot be an expired UFA, and they must have been on the signing team at the prior trade deadline (or signed through to the next one) is a sign and trade. The Maple Leafs could sign a valid SPC with Hyman today for eight-years and then make the trade to the team that wanted that deal done. To the best of anyone’s recollection, this has never happened in the NHL.

It's why the reports are specifically of there needing to be a "sign and trade" to facilitate an 8 year deal with Edmonton:

https://twitter.com/user/status/1418196333782093833

If he reaches free agency, he can only sign 7 years.

[sureLoss]

Toronto's price too high for Edmonton to get the 8th year.

https://twitter.com/user/status/1418951762359226373

[868904]

Good, makes it harder for them to win with McDavid now.

[Sofa GM]

Originally Posted by sureLoss

Toronto's price too high for Edmonton to get the 8th year.

https://twitter.com/user/status/1418951762359226373

This is fantastic. Was hoping the Leafs would hold their ground

[EldrickOnIce]

We are pleased because this raises AAV, correct?

[Sofa GM]

Originally Posted by EldrickOnIce

We are pleased because this raises AAV, correct?

That is correct, likely min of $5.5MM per at 7 yrs

[GioforPM]

Originally Posted by Sofa GM

That is correct, likely min of $5.5MM per at 7 yrs

And Hyman never would have played 8 years for them anyway.

[chemgear]

Could see the oilers blinking and throwing in when their bluff is called like for Keith.

[tvp2003]

Originally Posted by chemgear

Could see the oilers blinking and throwing in when their bluff is called like for Keith.

With Edmonton already putting both deals out there, I figured it would be a game of chicken between Holland and Dubas as to whether a sign and trade happens. While you could argue it's better for Toronto to get something versus nothing, I don't think Dubas is interested in picking up a 7th rounder when Edmonton obviously prefers that 8th year to bring down the AAV.

If you want it Kenny, you're going to have to pay for it.

[Jay Random]

Originally Posted by EldrickOnIce

We are pleased because this raises AAV, correct?

We are also pleased because the draft pick stays with Edmonton, who will blow it, instead of Toronto, who might do something useful with it.

[sleepingmoose]

Originally Posted by tvp2003

With Edmonton already putting both deals out there, I figured it would be a game of chicken between Holland and Dubas as to whether a sign and trade happens. While you could argue it's better for Toronto to get something versus nothing, I don't think Dubas is interested in picking up a 7th rounder when Edmonton obviously prefers that 8th year to bring down the AAV.

If you want it Kenny, you're going to have to pay for it.

On that note:

https://twitter.com/user/status/1419054871488040960

[The Cobra]

Originally Posted by You Need a Thneed

Nope, that clause is one of the things that changed in the 2020 CBA extension.

No longer does a player have to have been on the reserve list for the most recent trade deadline.

Or else Seth Jones wouldn’t have been able to (future) sign an 8 year extension before next years trade deadline.

Seth Jones still has a year left on his deal. Hyman is a UFA.


Sent from my iPad using Tapatalk

[Pizza]

As each day passes, it's making me more nervous that this hasn't been an official deal yet and there's a small chance that either parties could back out

[Jiri Hrdina]

Originally Posted by Pizza

As each day passes, it's making me more nervous that this hasn't been an official deal yet and there's a small chance that either parties could back out

From what TSN has been reporting the deal is done - it will just by 7 years at the higher AAV. Dubas, rightly wasn't going to go out of his way to help the Oilers by giving them the 8th year and lower AAV, unless they were willing to cough up something in return
So I suspect this deal will be one of the first made official when free agency opens up.

[Coach]

Originally Posted by Sofa GM

This is fantastic. Was hoping the Leafs would hold their ground

Next is for Hyman to sign with the Flames for 4x4.

[flamesgod]

Originally Posted by sleepingmoose

On that note:

https://twitter.com/user/status/1419054871488040960

Dubas just went up in my books.