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Weber boogaloo

Created by: MTLaveragefan
Team: 2021-22 Montreal Canadiens
Initial Creation Date: Apr. 23, 2021
Published: Apr. 23, 2021
Salary Cap Mode: Basic
Description
Weber has 12M left in salary until the end of his contract
like this:
2021- 2022: 6M
3M
1M
1M
2025-2026 : 1M

while having a total cap hit of 39,285,715 over that 5 years period.

So he is not getting his cap-hit worth of money. So he would benefit to terminate his contract with MTL (mutually agreed termination), or rather would have no impact to sign another contract with a cheaper AAV, but with the same overall salary. He would however help the team greatly by freeing a good amount of cap space.

So if we put 12M on 5 years = 2.4M$ AAV for the same amount of money. That's a cap hit of 5,457,143$ freed up.

then you do it next year with Price as 52.75M of his 84M has already been spent.

You guys let me know - but with reference to the rule.
Free Agent Signings
RFAYEARSCAP HIT
4$3,500,000
1$800,000
1$800,000
1$800,000
4$3,500,000
2$2,400,000
UFAYEARSCAP HIT
7$4,500,000
2$1,100,000
1$850,000
4$4,500,000
CREATEDYEARSCAP HIT
Weber, Shea
5$2,400,000
Trades
1.
MTL
    Mutually agreed contract termination

    with a handshake deal behind for a 2.4M for 5 years deal
    2.
    MTL
      expansion draft
      3.
      MTL
        after they select Vince Dunn from the Blues
        SEA
        1. Drouin, Jonathan
        2. 2021 2nd round pick (TBL)
        4.
        MTL
        1. Dunn, Vince [RFA Rights]
        Additional Details:
        picked by Seattle
        STL
        Buyouts
        DraftRound 1Round 2Round 3Round 4Round 5Round 6Round 7
        2021
        Logo of the MTL
        Logo of the MTL
        Logo of the CHI
        Logo of the WSH
        Logo of the MTL
        Logo of the STL
        Logo of the VGK
        Logo of the PHI
        Logo of the MTL
        Logo of the MTL
        2022
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        2023
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        Logo of the MTL
        ROSTER SIZESALARY CAPCAP HITOVERAGES TooltipBONUSESCAP SPACE
        22$81,500,000$64,537,977$597,561$1,475,000$16,962,023
        Left WingCentreRight Wing
        Logo of the Montreal Canadiens
        $4,500,000$4,500,000
        LW, RW
        UFA - 2
        Logo of the Montreal Canadiens
        $4,500,000$4,500,000
        C
        UFA - 6
        Logo of the Montreal Canadiens
        $6,500,000$6,500,000
        RW, LW
        M-NTC, NMC
        UFA - 6
        Logo of the Montreal Canadiens
        $880,833$880,833 (Performance Bonus$300,000$300K)
        LW, RW
        UFA - 2
        Logo of the Montreal Canadiens
        $3,500,000$3,500,000
        C
        UFA - 1
        Logo of the Montreal Canadiens
        $5,500,000$5,500,000
        RW, LW
        M-NTC
        UFA - 6
        Logo of the Montreal Canadiens
        $863,333$863,333 (Performance Bonus$537,500$538K)
        C
        UFA - 1
        Logo of the Montreal Canadiens
        $2,125,000$2,125,000
        RW, LW
        UFA - 3
        Logo of the Montreal Canadiens
        $800,000$800,000
        C, LW
        UFA - 2
        Logo of the Montreal Canadiens
        $750,000$750,000
        C
        UFA - 1
        Logo of the Montreal Canadiens
        $850,000$850,000
        RW
        UFA - 2
        Logo of the Montreal Canadiens
        $3,400,000$3,400,000
        LW, RW
        UFA - 2
        Logo of the Montreal Canadiens
        $2,400,000$2,400,000
        LW, RW
        UFA - 1
        Left DefenseRight DefenseGoaltender
        Logo of the Montreal Canadiens
        $875,000$875,000
        LD/RD
        M-NTC
        UFA - 3
        Logo of the Montreal Canadiens
        $2,343,750$2,343,750
        RD
        M-NTC, NMC
        UFA - 4
        Logo of the Montreal Canadiens
        $10,500,000$10,500,000
        G
        NMC
        UFA - 5
        $3,500,000$3,500,000
        LD/RD
        UFA - 2
        Weber, Shea
        $2,400,000$2,400,000
        Logo of the Montreal Canadiens
        $2,875,000$2,875,000
        G
        UFA - 2
        Logo of the Montreal Canadiens
        $894,167$894,167 (Performance Bonus$637,500$638K)
        LD
        RFA - 1
        Logo of the Montreal Canadiens
        $1,100,000$1,100,000
        LD
        UFA - 1
        Logo of the Montreal Canadiens
        $925,000$925,000
        LD/RD
        UFA - 1
        Taxi Squad
        Logo of the Montreal Canadiens
        $737,500$737,500 ($0$0$0$0)
        LD/RD
        UFA - 1

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        Apr. 23, 2021 at 11:12 a.m.
        #1
        Habs4ever
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        Nope, not allowed.

        Article 11.10 of the NHL CBA

        11.10 No Renegotiation. In no event shall a Club and a Player negotiate a change in any terms of a Player SPC for the then-current season or for any remaining season of an SPC. This provision shall not prohibit a Player and Club from negotiating an extension to an existing SPC in accordance with the terms of Section 50.5(f) hereof or from negotiating a new or reformed SPC or Offer Sheet in the limited context and time-frame expressly set forth in Section 11.6(a)(vi) above.

        What I think will happen, is he will play 1 or maybe 2 more years, then he will retire. After those 2 years he will be 38.
        Campabee, jgimp69, KPasty and 2 others liked this.
        Apr. 23, 2021 at 11:17 a.m.
        #2
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        The ONLY way Weber can mutually terminate his contract is if he is traded and the new team agrees to terminate his contract without the Canadiens having any knowledge or influence in the decision. It is only slightly possible that if Weber was traded to a city like Arizona that he would refuse to play (very unlikely given Weber's character that he would refuse to play anywhere) and ask for termination of his contract to seek an opportunity elsewhere.
        Rooney liked this.
        Apr. 23, 2021 at 11:17 a.m.
        #3
        Jet69
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        Quoting: Habs4ever
        Nope, not allowed.

        Article 11.10 of the NHL CBA

        11.10 No Renegotiation. In no event shall a Club and a Player negotiate a change in any terms of a Player SPC for the then-current season or for any remaining season of an SPC. This provision shall not prohibit a Player and Club from negotiating an extension to an existing SPC in accordance with the terms of Section 50.5(f) hereof or from negotiating a new or reformed SPC or Offer Sheet in the limited context and time-frame expressly set forth in Section 11.6(a)(vi) above.

        What I think will happen, is he will play 1 or maybe 2 more years, then he will retire. After those 2 years he will be 38.


        Was just about to ask whether this would be allowed. Also, if Weber retires, doesn’t Nashville eat his cap hit?
        Doubt Weber would ever agree to terminate his contract anyways.
        Apr. 23, 2021 at 11:22 a.m.
        #4
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        That would be the most blatant form of cap circumvention. The league would never ratify that contract.
        MTLaveragefan, Rooney and SevenLeg liked this.
        Apr. 23, 2021 at 11:28 a.m.
        #5
        Go Jets Go
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        I'm so confused as why this is being done is so many AC-GM's...the idea that the league would allow this to happen just doesn't make sense to me. Also Weber has absolutely no obligation to ask for a contract termination?
        KPasty, SevenLeg and Lenny7 liked this.
        Apr. 23, 2021 at 11:37 a.m.
        #6
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        Didn't Orpik do that?
        Apr. 23, 2021 at 11:42 a.m.
        #7
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        Quoting: MTLaveragefan
        Didn't Orpik do that?


        No Orpik was bought out, he didn't terminate his contract. Slightly different but same outcome. Weber really has no incentive to agree to a termination of his contract.
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        Apr. 23, 2021 at 11:55 a.m.
        #8
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        Quoting: Campabee
        No Orpik was bought out, he didn't terminate his contract. Slightly different but same outcome. Weber really has no incentive to agree to a termination of his contract.


        He would get the same amount, but would free cap space for his team
        Apr. 23, 2021 at 12:36 p.m.
        #9
        Lenny7
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        Quoting: Rooney
        I'm so confused as why this is being done is so many AC-GM's...the idea that the league would allow this to happen just doesn't make sense to me. Also Weber has absolutely no obligation to ask for a contract termination?


        It'd be pretty easy to poke holes in it, purely from a financial standpoint.

        *IF* Weber ended up in Seattle, and agreed to a mutual termination, he'd basically be leaving $12 mil on the table. There's no state income tax in Washington, so, aside from the Fed tax, he'd be walking away with all of that money. In Montreal, with a 33% income tax (Plus fed taxes) on people in his bracket, if he were to then turn around and re-sign for essentially the same dollars at a lower cap hit, he'd be walking away with around $8.04 mil (Minus fed taxes, which are higher in Canada than the US). I'd have to think the NHLPA would be pretty opposed to this in the first place, and that the league would go berserk. Pretty dangerous game for the Habs to play, especially if they were to lose the inevitable onslaught of cap-circumvention complaints/potential discipline.

        Heck, Arizona lost multiple draft picks (And had multiple high-level staff disciplined) for violating draft combine rules. Something tells me this wouldn't end well for the Habs.
        Rooney liked this.
        Apr. 23, 2021 at 12:38 p.m.
        #10
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        Quoting: Lenny7
        It'd be pretty easy to poke holes in it, purely from a financial standpoint.

        *IF* Weber ended up in Seattle, and agreed to a mutual termination, he'd basically be leaving $12 mil on the table. There's no state income tax in Washington, so, aside from the Fed tax, he'd be walking away with all of that money. In Montreal, with a 33% income tax (Plus fed taxes) on people in his bracket, if he were to then turn around and re-sign for essentially the same dollars at a lower cap hit, he'd be walking away with around $8.04 mil (Minus fed taxes, which are higher in Canada than the US). I'd have to think the NHLPA would be pretty opposed to this in the first place, and that the league would go berserk. Pretty dangerous game for the Habs to play, especially if they were to lose the inevitable onslaught of cap-circumvention complaints/potential discipline.

        Heck, Arizona lost multiple draft picks (And had multiple high-level staff disciplined) for violating draft combine rules. Something tells me this wouldn't end well for the Habs.


        The punishment for the Habs would be forcing them to hire John Chayka.
        MTLaveragefan and Rooney liked this.
        Apr. 23, 2021 at 12:47 p.m.
        #11
        Lenny7
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        Quoting: Mr_Canoehead
        The punishment for the Habs would be forcing them to hire John Chayka.


        And tacking 5 extra years on to the original Price and Weber cap hits...
        Apr. 23, 2021 at 1:05 p.m.
        #12
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        Quoting: MTLaveragefan
        He would get the same amount, but would free cap space for his team


        Even still what incentive does Weber himself have to agree to mutually terminate his contract? He really doesn't care too much about the teams cap space as long as he still gets paid what he signed for. Also let's not forget that the teams are not the only ones who could be hit with cap circumvention penalties the league has the authority to fine the players as well. This makes Webers participation even less likely.
        Apr. 23, 2021 at 1:09 p.m.
        #13
        Habs 2010
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        Quoting: Rooney
        I'm so confused as why this is being done is so many AC-GM's...the idea that the league would allow this to happen just doesn't make sense to me. Also Weber has absolutely no obligation to ask for a contract termination?


        Obligation is a weird word for it.

        It could be mutually beneficial for Weber and MTL to terminate the contract in 3 years though. MTL gets cap space. Weber is free to sign a new contract anywhere else in the league rather than only play for $1M / season. For example, if Weber signed a one year deal worth $3M then he would earn the remainder of his contract in one season and wouldn't be leaving anything on the table if he retired early.

        I assume a terminated contract would mean Nashville is still on the hook for the recapture penalty seeing as the contract was not fulfilled.
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        Apr. 23, 2021 at 1:14 p.m.
        #14
        Go Jets Go
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        Quoting: Shanesaw9
        Obligation is a weird word for it.

        It could be mutually beneficial for Weber and MTL to terminate the contract in 3 years though. MTL gets cap space. Weber is free to sign a new contract anywhere else in the league rather than only play for $1M / season. For example, if Weber signed a one year deal worth $3M then he would earn the remainder of his contract in one season and wouldn't be leaving anything on the table if he retired early.

        I assume a terminated contract would mean Nashville is still on the hook for the recapture penalty seeing as the contract was not fulfilled.


        Apologies, I didn't look at it from an actual dollars earned per year POV. Obligation wasn't the best word.
        Shanesaw9 liked this.
        Apr. 23, 2021 at 3:49 p.m.
        #15
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        This will never happen. Even if it was legal, it would involve shenanigan's which doesn't seem like Weber's style. I do however think once Weber's salary gets to 1M, he isn't going to want to play anymore , assuming he doesn't magically get better with age and wants to continue to play.

        Just like with every other player making peanuts in the last bit of their contract, he'll probably want to hang them up at that time. Till then, his play is still NHL worthy and the pay is still good. He won't throw that away yet but when its only 1M a year and he has to worry about his age and concussions and all that jazz, he'll obviously take whatever necessary route to not have to play anymore and the Habs and Nashville will welcome it. Whether its LTIR, Robidas island, mutual contract termination, etc etc etc.

        23-24 season, thats when we'll know if Weber is serious about playing out his contract or not. Till then, he's still playing and Im not against it. He's slowed down for sure but he by no means a garbage player now and with his reputation and respect around the league no one should do him dirty. let him finish his last couple season making decent coin and then figure out together what to do after that.
         
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