Proposal: Creative ways to shed Loui Eriksson contract

Ciao

Registered User
Jul 15, 2010
10,003
5,809
Toronto
Eriksson makes 1 mil this yr. Cap hits is 6. A start of a career in front office is worth more than a mil in the right circumstance.
Well, Eriksson actually makes $4 million this year and $4 million next year -- a $3 million signing bonus and $1 million this year, and a $1 million signing bonus and $3 million salary next year.

If Eriksson retires and the Canucks were to hire him as their head coach or General Manager at a comparable salary, that might possibly work. There aren't very many front- office postings, though, that pay anywhere near that range.

If Eriksson really were in the last year of his contract with only $1 million left that would be different, but unfortunately your version of facts is not true.
 

Ciao

Registered User
Jul 15, 2010
10,003
5,809
Toronto
Pretty sure if they cleared 8 mil in cap space that way and sign petro it wouldn't be fine.
What would be amazing is if the players you mentioned were to give up their combined $7.375 million in player contracts this year - and Roussel's $3 million contract next year as well -- for front office postings that don't pay anywhere close to that.

That chip on your shoulder must be pretty heavy and painful by now. You aren't able to think straight while you're carrying it.

If you want people to feel sorry for the Canucks having to pay Luongo's recapture penalty -- well, okay, sure -- but his retirement isn't a "conflict of interest" in any way, and you're just not making any sense at all now.

When you have to make up facts, that's a pretty good clue that your arguments aren't working.
 

Qwijibo

Registered User
Dec 1, 2014
3,376
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Eriksson makes 1 mil this yr. Cap hits is 6. A start of a career in front office is worth more than a mil in the right circumstance.
Unless you’re a head coach or a GM. Head office staff don’t make anywhere near $1m. For instance scouts make between $50-$100k. A far cry from $1m
 

Johnsie19

Registered User
Jun 29, 2010
2,418
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Well, Eriksson actually makes $4 million this year and $4 million next year -- a $3 million signing bonus and $1 million this year, and a $1 million signing bonus and $3 million salary next year.

If Eriksson retires and the Canucks were to hire him as their head coach or General Manager at a comparable salary, that might possibly work. There aren't very many front- office postings, though, that pay anywhere near that range.

If Eriksson really were in the last year of his contract with only $1 million left that would be different, but unfortunately your version of facts is not true.
He's already been paid his 3 mil bonus so his salary is 1 mil this season. Just an example and you've conceded it wouldn't be fair. That's all my point was, there needs to be actual rules because there are potential scenarios that could play out where teams take advantage of this. I think Florida did personally.
 

Johnsie19

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Jun 29, 2010
2,418
304
Unless you’re a head coach or a GM. Head office staff don’t make anywhere near $1m. For instance scouts make between $50-$100k. A far cry from $1m
Work as a scout, then scouting director, then assistant gm. It's just a foot in the door. The point is there is an incentive to get the player to retire. The example isn't great but the Lu situation itself is the best example 50 mil+ made on his last contract, not even doing it for the money, but he gets his in in management for the small price of retiring. If he isn't offered that maybe he plays out his contract.
 

Qwijibo

Registered User
Dec 1, 2014
3,376
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Work as a scout, then scouting director, then assistant gm. It's just a foot in the door. The point is there is an incentive to get the player to retire. The example isn't great but the Lu situation itself is the best example 50 mil+ made on his last contract, not even doing it for the money, but he gets his in in management for the small price of retiring. If he isn't offered that maybe he plays out his contract.
He was 40 when he retired. He was NEVER going to play out the contract. Gillis knew it. Luongo knew it, and the league knew it. Hence the recapture penalty.
 

Ciao

Registered User
Jul 15, 2010
10,003
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Toronto
He's already been paid his 3 mil bonus so his salary is 1 mil this season. Just an example and you've conceded it wouldn't be fair. That's all my point was, there needs to be actual rules because there are potential scenarios that could play out where teams take advantage of this. I think Florida did personally.
If the Canucks urged him to retire into a front office position after payment of a $3 million bonus without playing a game, there would be a problem.

Even if he just retired without moving into a front office position without playing a game there would still be a problem.

You can retire any time you like, but you can't just take the bonus money and run.

You made up the fact that Eriksson is only owed $1 million. Including signing bonuses, he is owed $4 million this season and another $4 million next season, which is some eight times more than what you let on.

That's called a "whopper".
 

Canuck86

Registered User
Feb 12, 2014
3,482
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Kelowna
If the Canucks urged him to retire into a front office position after payment of a $3 million bonus without playing a game, there would be a problem.

Even if he just retired without moving into a front office position without playing a game there would still be a problem.

You can retire any time you like, but you can't just take the bonus money and run.

You made up the fact that Eriksson is only owed $1 million. Including signing bonuses, he is owed $4 million this season and another $4 million next season, which is some eight times more than what you let on.

That's called a "whopper".

How is LE owed $4m this season, when he has already been paid 3m of that? My grade 1 math say 4-3=1. Meaning, LE is owed a grand total of $1m for the entire upcoming season, as the $3m has already been paid out in a signing bonus like many of players around the league.

This thread is irrelevant anyway...Canucks needed to move LE or Sutter before FA began...to bad the GM behind the wheel is unable to make proper hockey decisions...leaving us with a handful of games of Toffoli at the cost of a 2nd round pick and 1 of our higher prospects. Such good GMing happening in Vancouver...

Now lets wait for the pro JB fans to arrive...
 

moog35

Registered User
Jul 25, 2007
2,364
874
Tell him his next 2 years will be spent in the minors and hope he just retires. He’s been awful for 4 seasons. Arguably the most overpaid player in team history. It’s time to move on from having him on the roster. Send him to the minors
 

Qwijibo

Registered User
Dec 1, 2014
3,376
3,257
Tell him his next 2 years will be spent in the minors and hope he just retires. He’s been awful for 4 seasons. Arguably the most overpaid player in team history. It’s time to move on from having him on the roster. Send him to the minors
His salary isn’t subject to escrow if he’s in the minors. He’ll actually make $800k more a season if they send him down. Trying to bully him into retiring likely won’t work
 

GreatSaveLuongo

Registered User
May 4, 2009
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366
- Under the table give him double the amount in cash he's supposed to earn and have him agree to retire/terminate his contract
- Suspend him indefinitely using excuse such unfit to play/potential health issues/unsportsmanlike conduct in public
- Contact Immigration Canada and suspend his visa under suspicion as Swedish spy to later terminate his contract
...
 

Qwijibo

Registered User
Dec 1, 2014
3,376
3,257
- Under the table give him double the amount in cash he's supposed to earn and have him agree to retire/terminate his contract
- Suspend him indefinitely using excuse such unfit to play/potential health issues/unsportsmanlike conduct in public
- Contact Immigration Canada and suspend his visa under suspicion as Swedish spy to later terminate his contract
...
Your first suggestion would result in massive fines sanctions against the Canucks.

the NHLPA would eat Benning for breakfast if he tried that

It’s clear now you aren’t serious. Lol
 
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Giovanni Martino

Registered User
Aug 12, 2020
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So Loui Eriksson has a cap hit of 6 mil for the next two yrs. He is owed 1 million this yrs and 4 million the season after. So 5 million actual.

My question is can the Canucks find a way to move his contract for a similar contract that has a slightly lower cap hit, or is for a slightly better player and not give up too much to do so? Would teams be interested in saving a few million dollars in real money at the cost of taking on more cap hit.

The idea is to move Eriksson without having to move high picks or top prospects.

Here are some examples I came up with:

Eriksson for:

1. Frans Nielson (2 x 5.25) (actual 8)
Canucks save 750k in cap and Detroit saves 3 million in real dollars. Straight swap?

2. Dustin Brown (2 x 5.87) (actual 8)
Canucks get a better player. LA saves 3 mil. Canucks maybe add a 4th?

3. Jeff Carter (2 x 5.2) (actual 4)
This would cost LA 1 mil and they'd get the worse player so maybe a prospect and lower pick. Gadjovic + 4th?

4. Anton Stralman (2 x 5.5) (actual 10)
Florida saves 5 mil in real dollars. Stralman becomes our 5th dman. He is a better player so maybe add 4th?

5. Viktor Rask (2 x 4) (actual 8)
Minnesota save 3 mil. Players have similar value. Maybe Canucks add a depth prospect.

Anyway those are a few attempts. Before you all poo poo it does the premise make sense? Save in real dollars for slight hit to your cap? Im thinking this could interest smaller market teams.
To toronto: 1st rd pick amd erickson for a 7th rd pick then put him on LTD Just like.the marleau trade
 

Strangelove

HFBoards Sponsor
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Feb 27, 2002
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You can retire any time you like, but you can't just take the bonus money and run.

There is nothing about that in the CBA, so not sure why you state it as fact.

Also Loui played in the post-season after receiving his $3M SB on July 15th.

(yes, in the case of Loui Eriksson the exact date of his SB is known)
 

brock hughes007

Registered User
Sep 12, 2019
1,035
738
victoria
Creative ways to shed Loui Eriksson contract

Step 1: Attach 1st round pick
Step 2: Attach additional sweetener for second year on deal
Step 3: Success
Expose him in the expansion draft,and offer Seattle a pick and a prospect to take him...or just keep sitting him out.
 

gach

Registered User
Aug 2, 2018
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242
Remember way back when the Canucks signed him van fans saying he's going to be awesome with the twins
 

zcaptain

Registered User
Apr 4, 2012
1,559
530
How about we start a go Fund Me account for Loui to retire?

That is a 100,000 fans X $50.00 each..........

We will provide a receipt...........
 

McJedi

Registered User
Apr 21, 2020
10,396
7,216
Florida
Creative ways to shed Loui Eriksson contract

Step 1: Attach 1st round pick
Step 2: Attach additional sweetener for second year on deal
Step 3: Success

Attach 2nd first round pick for year two of that deal.

let’s be real, this contract isn’t being moved. It’s too expensive to achieve that this offseason. Maybe next off season it’s possible.
 
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moog35

Registered User
Jul 25, 2007
2,364
874
His salary isn’t subject to escrow if he’s in the minors. He’ll actually make $800k more a season if they send him down. Trying to bully him into retiring likely won’t work

send him down anyways. He has been terrible for 4 seasons now. At least make his last 2 as a Canuck miserable and hope he just packs it in. If not he can enjoy the minors because he’s earned it
 

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