Salary Cap: Anybody else think what Ottawa did is BS?

[raideralex99]

Tampa could not sign Brayden Point without dumping SC so they trade Callahan 5.8M (IR) to Ottawa for Condon 1.3M plus they get Tampa's 5th round pick for Ottawa's 6th round pick which is basically moving up one spot. Mean while Tampa has 2 first round picks in the 2020 draft.
So now Tampa has $11M salary cap space and they can give Point that big contract. This will drive up the price on Laine and Connor contracts plus the Flames only have $5M space for Tkachuk and the Leafs have Zero space for Marner ... it seems the Sens are really putting the screws to the Canadians teams.

Click to read more...

 

[tbcwpg]

Cap dumps have been common the last few years. I think you'd have to really stretch it to "putting the screws to Canadian teams". It's more an extremely cheap owner trying all the tricks he can to hit the floor but spend as little actual money as possible.

 

[WpgSteve]

Shameful that they would help a division rival IMHO. That said, it's not my $2M.

 

[Teemusalami204]

I think it shows Tampa has had 2 gms better then Chevy who do what needs to be done to get better. Why don't we trade a over priced player to have room for both laine and connor long term?

 

[Channelcat]

It all started way before Point. GMs are stupid.

 

[Jeti]

The Callahan and Miller trades illustrate how good GMs take advantage of bad GMs. Meanwhile Chevy allowed Trouba to dictate his trade destination because he didn't want to tarnish his reputation by trading him somewhere he wouldn't re-sign.

 

[ffh]

I dint think people that never have to ever sign the front of a cheque should complain about someone being cheap. Ottawa isnt competing for a spot this year so saving a couple of million isnt a bad thing. That was their 3rd string goalie. What should they do pay him 3 million for nothing.

 

[KingBogo]

The Callahan and Miller trades illustrate how good GMs take advantage of bad GMs. Meanwhile Chevy allowed Trouba to dictate his trade destination because he didn't want to tarnish his reputation by trading him somewhere he wouldn't re-sign.

You also need ownership willing to give up a big chunk of their operating profit to help facilitate the deal. Callan's salary is covered by insurance and he there is no chance he plays due to a degenerate back problem. So Melnyk has cap space taken up by a salary he doesn't have to pay. TB on the other hand has to pick up a $3 M base salary for a 6th goalie in their organization that they have absolutely no use for. There is also a cap implication of $1.325 to bury the salary. And none of the circumstances fit the Jets situation as they don't have a player with a career ending injury in which to sell for cap space. Not sure how we somehow get upset at Chevy over this when none of the conditions apply to the Jets.

 

[KingBogo]

It all started way before Point. GMs are stupid.

This trade has nothing to do with a GM being smart or stupid. Actually it is probable that Melnyk made the arrangements with Vinik directly and just told Dorion to facilitate the move. It is basically a rich owner writing a $3M check to a cheap a** owner to free up cap space for him. If you want to be upset be mad at the CBA that allows billionaire owners the freedom to use their wealth to circumvent the spirit of the collective agreement.

 

[broinwhyteridge]

Well a contract is a contract. If the league doesn't like this type of move they should close the loophole, except the PA will fight it because that's all they know how to do.

Either way the people who are getting screwed are the Ottawa fans and ticket holders IMO.

 

[Neuf]

It's the perfect balance to teams that pay $90MM in salary dollars when the cap is way less. Signing bonuses, etc.

I would be very frustrated if my team's owner was doing all these deals to circumvent the floor, though. Arizona did weird things to reach the floor all the time, too.

 

[scelaton]

The Callahan and Miller trades illustrate how good GMs take advantage of bad GMs. Meanwhile Chevy allowed Trouba to dictate his trade destination because he didn't want to tarnish his reputation by trading him somewhere he wouldn't re-sign.

Are you familiar with the Mark Twain quote, "To a man with a hammer, everything looks like a nail"?

With the handle FireChevy you should probably know it.

 

[jamiebez]

LOL....saw the title and thought this would be a thread about cap circumvention. Guess not.

I wouldn't go as far as calling Dorion "shrewd" or "smart". They've been pretty vocal about running on the cheap for the next 2 years at least. His phone is probably ringing off the hook with guys trying to dump contracts on him.

 

[Jets 31]

Guess we need another Uber ride to see how the Ottawa players feel about this . All i can say is thank god we have Chipman as our owner and not Melnut .

 

[Mortimer Snerd]

I dint think people that never have to ever sign the front of a cheque should complain about someone being cheap. Ottawa isnt competing for a spot this year so saving a couple of million isnt a bad thing. That was their 3rd string goalie. What should they do pay him 3 million for nothing.

Ummmmm ..... how do they save any money? They have to pay Callahan 4.7 mil.

 

[Mortimer Snerd]

You also need ownership willing to give up a big chunk of their operating profit to help facilitate the deal. Callan's salary is covered by insurance and he there is no chance he plays due to a degenerate back problem. So Melnyk has cap space taken up by a salary he doesn't have to pay. TB on the other hand has to pick up a $3 M base salary for a 6th goalie in their organization that they have absolutely no use for. There is also a cap implication of $1.325 to bury the salary. And none of the circumstances fit the Jets situation as they don't have a player with a career ending injury in which to sell for cap space. Not sure how we somehow get upset at Chevy over this when none of the conditions apply to the Jets.

Where did you find out that Callahan's salary is covered by insurance?

 

[Gm0ney]

Amazing what Ottawa has accomplished in 2 years...

 

[tbcwpg]

LOL....saw the title and thought this would be a thread about cap circumvention. Guess not.

I wouldn't go as far as calling Dorion "shrewd" or "smart". They've been pretty vocal about running on the cheap for the next 2 years at least. His phone is probably ringing off the hook with guys trying to dump contracts on him.

Nope, only took 4 posts to turn into "Chevy is an idiot".

Ottawa is trading for contracts where the hit is larger than the actual salary. I'm willing to bet that Perreault and Kulikov don't have a significantly reduced real dollar value of their contracts to their cap hit.

 

[Channelcat]

This trade has nothing to do with a GM being smart or stupid. Actually it is probable that Melnyk made the arrangements with Vinik directly and just told Dorion to facilitate the move. It is basically a rich owner writing a $3M check to a cheap a** owner to free up cap space for him. If you want to be upset be mad at the CBA that allows billionaire owners the freedom to use their wealth to circumvent the spirit of the collective agreement.

I agree, but there shouldn't be any need for it. If they weren't overpaying RFAs unnecessarily, perhaps we'd see less of this.

 

[JetsWillFly4Ever]

Ummmmm ..... how do they save any money? They have to pay Callahan 4.7 mil.

Callahan will never play a game for Ottawa and is going on LTIR, covered by insurance.

 

[ERYX]

Can someone help me understand why Ottawa/Tampa even did this deal?

I thought that players on LTIR didn't count towards the cap, and that was why the Leafs traded for Clarkson because they could bury him in LTIR and free up cap space? So why did TB even need to do this and how does it help Ottawa reach the cap floor?

 

[ffh]

Ummmmm ..... how do they save any money? They have to pay Callahan 4.7 mil.

They have to pay him 970k I believe when the put him on ltir

 

[tbcwpg]

Can someone help me understand why Ottawa/Tampa even did this deal?

I thought that players on LTIR didn't count towards the cap, and that was why the Leafs traded for Clarkson because they could bury him in LTIR and free up cap space? So why did TB even need to do this and how does it help Ottawa reach the cap floor?

I'd have to read more detail, but I believe LTIR still counts against the cap but allows you to go over a certain percentage until a particular date? I think the purpose of this move for Ottawa is that they can hit their cap target by the date that they are required to, and then put him on LTIR and get the insurance to pay most of the salary.

 

[Jedub]

Big savings?

 

[cbcwpg]

Ottawa has $15MM on it's IR now.

It gets them over the cap floor, but IIRC insurance is paying most of those salaries. So large cap hit, but little real money flowing out.

Ottawa is going to suck at an epic level this season.