Quoting: orignalsix
I'm an Ottawa fan but I have never seen such a one sided deal for EK. He's a one year rental . Even signed he's north worth that. Still don't the rules of LTIR. Why is Hossa traded and in this case Ryan is still overpaid at 50% retention. Montreal will be finishing out of the playoffs for maybe years. No reason to give a two rounders and more for a one year rental.
No team is going to trade for Karlsson if they can't sign him to an extension.
Ryan is not overpaid at 50%. Even last year where he was dealing with injuries, he had a 0.53 PPG (similar as Kerfoot, Lindholm, Riley Nash, Bozak, Ferland, Wennberg, Little,etc), which puts him 154th in forward scoring, aka close to mid 2nd line scoring paces. 3.625 is an average NHL salary, probably below average if you look at NHL forwards on UFA years. Just a few months before, Ryan had 15 pts in 19 playoffs games and was Sens 2nd MVP to Erik Karlsson
Ryan has been injury prone the last 2 years but that deal is not worth it for them because they'd be paying 3.625 x 4 years to not have him on the team PLUS pay a player that can replace him. They already dealt Brassard and were forced to trade Hoffman. They currently only have Stone, Duchene, Boedker and Dzingel (maybe Pageau too) who can provide offense at over a 0.50 PPG. They are already counting on 2 of Tkachuk, Brown, Batherson, White, Chlapik and/or Formenton to produce offense. If they trade Ryan, then you need another young guy to succeed right away, which defies the odds.
Concerning Montreal, again, they will not trade for Duchene if they can't get him under extension. And the price would have to be much more enticing than that.
Quoting: HawksFan28
The Hossa deal makes sense, because his salary is 1M (insured, so it costs Melnyk nothing) and Bobby Ryan's salary is 7.5 million (cap hit of 7.25) with Ryan 50% retained the Sens walk away with a 3.625 cash savings and Hossa's cap hit of 5.275 (for the next 3 years) + the other 3.625 of (50% of Ryan's cap) = 8.9 million cap hit.
Basically that Bobby Ryan deal would give Ottawa an 8.9 million cap hit for $3.625 million in salary..... Ottawa needs to hit the cap floor which is 58.8 million this season, and they're not close even close yet - and it's known that Ottawa isn't even done dumping salary....... This is a good deal for Ottawa from a cap/financial perspective .... Bobby Ryan or all intents and purposes is a "cap dump" and if you want to trade him with his 7.5 million dollar contract for the next 4 years you're going to have to add assets to do it - or at the very least take a decent amount of salary back in a trade...
This trade works for both teams..... Melnyk/Dorion is trying to shed salary, the Hawks need a left winger..... The Hawks get their winger and Melnyk saves $3.625 on Ryan's salary and while he obtains an 8.9 million dollar cap hit in the process to get to the cap floor for only $3.625 million.
Yeah but you're omitting one detail : Hossa doesn't play. So Ottawa pays Ryan 3.625 M$ per year for 4 years to NOT play for them and they would have to play someone capable of replacing him. Ryan is overpaid but he is not a pure cap dump. Forget things you've read, fans don't really understand this whole cap dump thing. I doubt Ottawa could find a more efficient forward for under 3.625 per year on the UFA market...
They won't have any problem reaching the cap floor. Clarke MacArthur for example will be on LTIR with a 4.65 cap hit. His contract is insured at 80% though, which will cost under 1 M$ in real dollars.
They'd be better trading Ryan for Loui Eriksson for example. He also has 4 years left but his cap hit is 6.0 but his salary is declining (20 M$ owed vs 30 M$ for Ryan)
Sens save a total of 10 M$ in 4 years. Canucks get a player 2 years younger, more capable to provide offense at this point and they don't worry about the cap for a few years.
So yeah, you won't be able to trade Ryan without retention for picks and prospects, like any player that is considered significantly overpaid but he's not a cap dump in that sense.
You can be sure that worse players will get a bigger cap hit than Ryan come July 1st and for maybe longer term. Pretty sure a few GMs that have cap space would gladly sign Ryan at 3.625 M$ x 4 years. If he can stay healthy, then the contract becomes a bargain.
Maybe that would work with less retention but 3.625 M$ per year is not attractive for Ottawa because of the replacement cost. Let's say you are lucky enough to find a guy that can provide the same stuff for 3M$ a year, in the end you save less than a million a year.
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