Quoting: DontTradeDougie
What's the point of retention on both sides.
Good question.
1. Retaining both --
Calgary retains $2.3m x 3 = $6.9m
NJ retains $1.7m x 2 = $3.4m
Net is Calgary retaining $3.5m
2023-24:
NJD pays $5.4m (Markstrom $3.7m, Vanecek $1.7m)
CGY pays $4.0m (Vanecek $1.7m, Markstrom $2.3m)
2024-25:
NJD pays $5.4m (Markstrom $3.7m, Vanecek $1.7m)
CGY pays $4.0m (Vanecek $1.7m, Markstrom $2.3m)
2025-26:
NJD pays $3.7m (Markstrom $3.7m, Vanecek $0)
CGY pays $2.3m (Vanecek $0, Markstrom $2.3m)
2. Retaining just Markstrom --
Calgary retains $1.5m x 3 = $4.5m
NJ retains $0 x 2 = $0
Net is Calgary retaining $4.5m
2023-24:
NJD pays $4.5m (Markstrom $4.5m, Vanecek $0)
CGY pays $4.9m (Vanecek $3.4m, Markstrom $1.5m)
2024-25:
NJD pays $4.5m (Markstrom $4.5m, Vanecek $0)
CGY pays $4.9m (Vanecek $3.4m, Markstrom $1.5m)
2025-26:
NJD pays $4.5m (Markstrom $4.5m, Vanecek $0)
CGY pays $1.5m (Vanecek $0, Markstrom $1.5m)
Difference for NJD by retaining both
2023-24: +0.9m
2024-25: +0.9m
2025-26: -0.8m
We would be deferring a larger portion of the retained amount to later in Markstrom's term, where the risk is the highest.
And it is when Luke Hughes' new contract will come onto the books.
Its basically makes it so we pay a $1m more each of the two years to save $1m in third year.
And if Calgary decides to buy out Vanecek in off-season
With just Calgary retaining
2024-25: $1,466,667
2025-26: $966,667
With both sides retaining
2024-25: $733,333
2025-26: $483,333
....it would then look like:
2023-24:
NJD pays $5.40m (Markstrom $3.70m, Vanecek $1.70m)
CGY pays $4.00m (Vanecek $1.70m, Markstrom $2.30m)
2024-25:
NJD pays $4.43m (Markstrom $3.70m, Vanecek $0.73m)
CGY pays $3.03m (Vanecek $0.73m, Markstrom $2.30m)
2025-26:
NJD pays $4.18m (Markstrom $3.7m, Vanecek $0.48m)
CGY pays $2.78m (Vanecek $0.48m, Markstrom $2.3m)