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Tampa Bay Lightning signed Pierre-Cédric Labrie (1 Year / $1,270,800 AAV)

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Oct. 9, 2022 at 4:58 p.m.
#1
Pierre-Cédric Labrie has signed a new contract with the Tampa Bay Lightning.
Length: 1 year
Value: $1,270,800
Expiry Status: UFA
Cap % Tooltip: 0.93
Signing Team: Logo of the Tampa Bay LightningTampa Bay Lightning
Signing Date: Oct. 9, 2022
Source: CapFriendly

Pierre-Cédric Labrie signed a 1 year, $1,270,800 contract with the Tampa Bay Lightning on Oct. 9, 2022. The contract has a cap hit of $770,800.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2022-23$770,800$1,270,800$500,000$0$770,800$770,800$100,000
TOTAL$770,800$1,270,800$500,000$0$770,800$770,800$100,000
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Oct. 9, 2022 at 5:01 p.m.
#2
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now thats a name i only remember from my old nhl games. dude did mot have a nhl contract since 2017... what a comeback.
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Oct. 9, 2022 at 5:01 p.m.
#3
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I believe this signing is entirely about LTIR and maximizing their LTIR pool for the season
NorthernLeafsFan05, CSStrowbridge, Dan_the_Man and 3 others liked this.
Oct. 9, 2022 at 5:04 p.m.
#4
1-0 them
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Who
Oct. 9, 2022 at 5:40 p.m.
#5
FanOfAllTeams
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Welcome back
Oct. 9, 2022 at 6:10 p.m.
#6
Amirov Forever
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Cap gymnastics. Nothing to see here
pinslack liked this.
Oct. 9, 2022 at 8:31 p.m.
#7
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No one saw that one coming
Oct. 9, 2022 at 9:02 p.m.
#8
Jones is Underpaid
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BLOCKBUSTER SIGNING!!!!!!!!!!!!!!!!!!!!
Oct. 9, 2022 at 11:02 p.m.
#9
FADING PASSION
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I'm confused why/how this is connected to cap shenanigans
Oct. 9, 2022 at 11:16 p.m.
#10
couldnt afford 2nd t
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Quoting: LaffsFan
I'm confused why/how this is connected to cap shenanigans


LTIR increases the cap ceiling for the team by the amount they are over by when they place the player on LTIR.

Meaning, the Lightning want to get as close to 6.875M (Seabrook's cap hit) over the cap before they place him on LTIR.

If they do not get a full 6.875M over the cap, they effectively lose that space.

Sending down Myers and signing this contract were both paper transactions to get Tampa 6.875M over the cap on day one of the season. Once their roster is set, they will send down Labrie, and recall Myers. Once LTIR is set, their new cap ceiling remains in place even if the move non-LTIR players. That's why you sometimes see teams when setting their opening roster send players who made their team down and recall players who didn't. This is a more extreme version of that.

That is why Labrie was signed to such a specific AAV. The performance bonus is not counted toward his AAV for LTIR purposes, and he is probably not in the plans to play in the NHL. In the unlikely chance be hits the bonus, the 500k cap can be deferred to next season.

If someone wants to inflict maximum chaos on Tampa, they could claim Myers. It would throw off Tampa's LTIR ceiling structure. Additionally, it looks like Ian Cole may not play anytime soon, and possible may not play ever again if the grooming allegations are proven true. It seems like the Cole stuff happened after Myers was waived. Tampa likely expected that no one would claim Myers because of his inflated real money salary this season. Maybe the Cole stuff will change that if a team with cap space sees an opportunity to extort Tampa for a pick by claiming Myers.
CSStrowbridge, pinslack, TheFastAndTheFleuryous and 3 others liked this.
Oct. 9, 2022 at 11:52 p.m.
#11
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Quoting: toque
I believe this signing is entirely about LTIR and maximizing their LTIR pool for the season


Exactly.
Oct. 10, 2022 at 12:31 a.m.
#12
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Quoting: toque
I believe this signing is entirely about LTIR and maximizing their LTIR pool for the season


That's it EXACTLY
Oct. 10, 2022 at 3:52 p.m.
#13
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Quoting: budgeteam
LTIR increases the cap ceiling for the team by the amount they are over by when they place the player on LTIR.

Meaning, the Lightning want to get as close to 6.875M (Seabrook's cap hit) over the cap before they place him on LTIR.

If they do not get a full 6.875M over the cap, they effectively lose that space.

Sending down Myers and signing this contract were both paper transactions to get Tampa 6.875M over the cap on day one of the season. Once their roster is set, they will send down Labrie, and recall Myers. Once LTIR is set, their new cap ceiling remains in place even if the move non-LTIR players. That's why you sometimes see teams when setting their opening roster send players who made their team down and recall players who didn't. This is a more extreme version of that.

That is why Labrie was signed to such a specific AAV. The performance bonus is not counted toward his AAV for LTIR purposes, and he is probably not in the plans to play in the NHL. In the unlikely chance be hits the bonus, the 500k cap can be deferred to next season.

If someone wants to inflict maximum chaos on Tampa, they could claim Myers. It would throw off Tampa's LTIR ceiling structure. Additionally, it looks like Ian Cole may not play anytime soon, and possible may not play ever again if the grooming allegations are proven true. It seems like the Cole stuff happened after Myers was waived. Tampa likely expected that no one would claim Myers because of his inflated real money salary this season. Maybe the Cole stuff will change that if a team with cap space sees an opportunity to extort Tampa for a pick by claiming Myers.


Just wanted to add one thing to this excellent summary: The performance bonuses are there to give Tampa a PB "cushion" for the year. That 500k PB becomes their season opening PB amount, meaning that if they recall a player on an ELC with PBs less than that amount, it doesn't count against the cap. Without that cushion, a team has to add a player's PB to their cap hit when recalling a player under LTIR.
budgeteam and capsfan2121 liked this.
Oct. 10, 2022 at 8:25 p.m.
#14
Retired V2 V3 GM
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Cue the comeback story of the year! Haven’t heard from this guy since 2012. Good for him! Everyone else that comments “who?” Should re-think what they are saying. At least the guy made the NHL
Oct. 10, 2022 at 9:20 p.m.
#15
Leafs Sufferer
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They could have at least given him a better salary in the minors.
Oct. 11, 2022 at 7:47 a.m.
#16
WentWughes
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Fun Fact:

Patrick Roy is his father-in-law
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