You can believe what you want but the wheels are definitely spinning on this one.
Just like Barzal to the Kings and Nylander to the Flyers.
Subban is hard to move and at his lowest possible value, and New Jersey is not in a circumstance where moving him is necessary. They could earlier wait for him to have a better 2021 season or buy him out.
There is 50% retained. This package is too much for subban, but subban at 4.5 million is worth a lot more than 9 million subban
Cap space costs this year and next. NJ might be more than willing to dump half of his pay due to having ZERO revenue. Could drop a second round pick and call it. AND absolutely have to send $$$ back the other way. Hence the inclusion of Kerfoot and Holl.
Cap space costs this year and next. NJ might be more than willing to dump half of his pay due to having ZERO revenue. Could drop a second round pick and call it. AND absolutely have to send $$$ back the other way. Hence the inclusion of Kerfoot and Holl.
They don’t have zero revenue. They have 25ish% of revenue.
That was hyperbolic for sure. But you get the idea. NJ is likely cash strapped. Toronto has infinity dollars.
It’s not like they can retain cap hit and not retain the money he’s actually owed, so Toronto’s budget doesn’t come into this as much as you would think. I believe Subban’s signing bonus has been paid for this season, and it’s six million. Base salary is two million, and he’s owed eight million next year. So, 10 million is owed for the duration of his contract.
Do you think jersey really wants to have subban count for 4.5 million a year for two years, and only save five million in real dollars?
If his contract was backloaded, maybe it would make sense. If the devils made this trade, they would actually lose money on it this year.
It’s not like they can retain cap hit and not retain the money he’s actually owed, so Toronto’s budget doesn’t come into this as much as you would think. I believe Subban’s signing bonus has been paid for this season, and it’s six million. Base salary is two million, and he’s owed eight million next year. So, 10 million is owed for the duration of his contract.
Do you think jersey really wants to have subban count for 4.5 million a year for two years, and only save five million in real dollars?
If his contract was backloaded, maybe it would make sense.
Pretty sure if Toronto takes him they will pay his signing bonus for next year for sure. It’s only the cap hits that gets shared. The receiving team pays the money for the remainder of the contract.
Pretty sure if Toronto takes him they will pay his signing bonus for next year for sure. It’s only the cap hits that gets shared. The receiving team pays the money for the remainder of the contract.
Negative.
If you retain cap hit, you retain on real dollars.