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toque

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Forum: NHL SigningsOct. 10, 2022 at 3:52 p.m.
Thread: Tampa Bay Lightning signed Pierre-Cédric Labrie (1 Year / $1,270,800 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>budgeteam</b></div><div>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.</div></div>

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.
Forum: NHL SigningsAug. 30, 2022 at 7:32 p.m.
Thread: Buffalo Sabres signed Tage Thompson (7 Years / $7,142,857 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>Ritzy</b></div><div>They couldn't just agree to $50M even? Had to be a buck short?

Is that a win for Buffalo that they saved the dollar?</div></div>

<div class="quote"><div class="quote_t">Quoting: <b>mvp13</b></div><div>Probably a numbers thing. 7 years, 7.14million. Lotta 7s in there. You see it other times, too. Tage and Kevyn are hoping for some good luck, and they will need it</div></div>

<div class="quote"><div class="quote_t">Quoting: <b>Random2152</b></div><div>Pretty sure it is 50 mil on the nose, just CF averaging it since 50/7 is an ugly number until they get the full contract details. Come back in a day or 2 and it'll say 50 even.

Like Hayes contract for example</div></div>

Yes, it's because 50 doesn't divide by 7 well. See Kyle Connor's contract too. The total cap hit shows up as $1 off, but the actual contract is $50 million
Forum: Armchair-GMAug. 26, 2022 at 5:58 p.m.
Forum: NHL SigningsAug. 10, 2022 at 3:43 p.m.
Thread: Chicago Blackhawks signed Kevin Korchinski (3 Years / $1,950,000 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>Jco5ta5</b></div><div>Can anyone enlighten me as to the advantage of signing him (and other players) now when they clearly have a plan to play juniors for 1-2 more years?</div></div>

<div class="quote"><div class="quote_t">Quoting: <b>Bruins1054_gmb</b></div><div>The team signs him opposed to waiting two years and risk the player walking to UFA to sign with any team. If the player plays the next two years in Juniors he is eligible for a contract slide, giving the team the potential for 5 years of ELC control. The player receives his signing bonus money immediately, which allows him to begin a successful financial life early.</div></div>

Bruins1054 is correct, but just to add on a couple of other factors. This allows the team to give the player early looks if they want in the NHL (if they play less than 10 NHL games a year their contract is still eligible to slide), and also, you can give CHL players a Juniors salary (max is $10.5k/year I believe). When this contract is fully confirmed we will see if they gave this to him