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Old 06-30-2019, 02:59 PM   #21
devo22
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while Smith was undeniably a disappointment last season, by all accounts he's a really good guy und I liked him. So this kind of blows.
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Old 06-30-2019, 03:00 PM   #22
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Smith behind that Oil defense..


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Old 06-30-2019, 03:01 PM   #23
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Frank Seravalli @frank_seravalli
Expectation is Mike Smith will be in neighbourhood of $2 million base salary with potential to earn up to $2 million more in performance bonuses on a one-year deal with #Oilers, to be announced tomorrow.
So $4mil cap hit?

Heh
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Old 06-30-2019, 03:02 PM   #24
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Deserved to get booed on Iggy’s jersey retirement night game.
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Old 06-30-2019, 03:03 PM   #25
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So does the bonus portion have to be allocated under this years cap?
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Old 06-30-2019, 03:03 PM   #26
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Ha.

HAHAHAHA

hahahahahahahaha

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Old 06-30-2019, 03:04 PM   #27
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So does the bonus portion have to be allocated under this years cap?
I think that's how it works but I'm not an expert... I'm sure someone else here is
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Old 06-30-2019, 03:04 PM   #28
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Let's light him the f up.
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Old 06-30-2019, 03:04 PM   #29
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do the performance bonuses still count against the cap? i thought someone had mentioned that they do... i wonder what the bonuses are like (ie likely or unlikely to achieve)...

if its 4 million cap hit, that's a bad deal imo... Smith was better later in the year, but he's a guy that needs starter's minutes. He's not a guy that has done well as a true backup so far into his career.
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Old 06-30-2019, 03:05 PM   #30
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So does the bonus portion have to be allocated under this years cap?
It doesn't have to be.

There is a bonus cushion of 7.5% of the salary cap that teams are allowed to use during season.

If by the end of the season the performance bonuses plus whatever the team spent against the salary cap exceed the salary cap, the excess is rolled over and charged against next season's number.


So for example, the Oilers could spend to the salary cap this season and if Mike Smith hits all his performance bonuses, they will be charged with a $2 million bonus overage for 20/21
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Old 06-30-2019, 03:11 PM   #31
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It doesn't have to be.

There is a bonus cushion of 7.5% of the salary cap that teams are allowed to use during season.

If by the end of the season the performance bonuses plus whatever the team spent against the salary cap exceed the salary cap, the excess is rolled over and charged against next season's number.


So for example, the Oilers could spend to the salary cap this season and if Mike Smith hits all his performance bonuses, they will be charged with a $2 million bonus overage for 20/21
Yeah thats what i thought..so this is a 2M cap hit for this season.

Not a bad deal for them if so IMO.
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Old 06-30-2019, 03:13 PM   #32
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Good choice for him. He’ll be able to unseat Kostinem from the number #1 job by game 4.
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Old 06-30-2019, 03:14 PM   #33
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Well the oilers will finally have a player that's able to play the puck in their own end now....


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Old 06-30-2019, 03:20 PM   #34
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Fascinating. Don't think I've ever gone from "like" to "dislike" on a player as much as I have with Smith. Guess it's back to dislike, but he gave us some good memories here in Calgary. He'll always be the guy who broke the Honda Centre curse
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Old 06-30-2019, 03:22 PM   #35
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Well so much for at least having the playoffs to be able to remember Mike Smith fondly. Now I have to hate him
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Old 06-30-2019, 03:24 PM   #36
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This sucks. It was time for the team to move on. But I was hoping he'd go elsewhere instead of directly to the enemy. But hard to fault him for going there when he got offered pretty decent money.

Let's hope the team can light him up every BoA.
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Old 06-30-2019, 03:25 PM   #37
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Wonder how much had to do with Tippett
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Old 06-30-2019, 03:28 PM   #38
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Fascinating. Don't think I've ever gone from "like" to "dislike" on a player as much as I have with Smith. Guess it's back to dislike, but he gave us some good memories here in Calgary. He'll always be the guy who broke the Honda Centre curse
Smith will still give us some good memories going forward.
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Old 06-30-2019, 03:29 PM   #39
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Tkachuk versus Smith oughta be fun.
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Old 06-30-2019, 03:31 PM   #40
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Goalie Fight: Who takes who?

BSD vs. Smitty.
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