Roberto Luongo Announces Retirement

[Barrie22]

the recapture penalty should go to the team that has the player when he retires. that's just dumb that the canucks have to pay for it. same with the flyers/predators and weber.

Vancouver enjoyed the years with the lower cap hit then what they were actually paying him. Florida enjoyed the years where they were paying less then the actual cap hit.

 

[Sergei Shirokov]

Retirement instead of LTIR comes down to FLA pushing for that IMO, helps them out more than LTIR would.

Roberto is such a consummate professional, he's not looking to play hardball on the way out especially if he hopes to get back into the organization at some point down the road.

As a Nucks fan, it sucks because of other teams getting it out of it, like New Jersey getting out of it & getting their 1st round pick back. And Chris Pronger working for the NHL while he was on LTIR.

But at the same time we totally benefited from a lower cap hit. It allowed us to build the depth for that 2011 team/run & the great teams we had.

I hope we fight & the league overturns it b/c it's BS retroactively punishing teams, but at the same time 3 Mill for 3 years isn't the end of the world.

 

[Butch 19]

HOF candidate career for sure.

.

not so fast.... he's a long shot at best

 

[thomaspalmer]

Nothing but respect for Lu, regardless of the recapture penalty. One of only three goalies (and 2nd all-time) in NHL history to surpass the 1000 game milestone. Great career and character more generally.

Really hope to see him in the HHOF one day.

 

[ottawa]

Do you mean they will resend the re-capture penalty from the CBA? That's possible. What do you think max penalty would be then keeping in mind that the recapture was put in to try and curtail length and structure and $ amount of contracts what should be the proper punishment?

Idk, the predators had every opportunity to use their compliance buyout on Weber to avoid this penalty so they would deserve it. But at the same time I can't see the NHL hitting the preds with a 25m penalty which will be probably close to 25% of the cap around that year.

Maybe the max penalty should be the cap hit itself? So 7.8m

 

[deckercky]

Idk, the predators had every opportunity to use their compliance buyout on Weber to avoid this penalty so they would deserve it. But at the same time I can't see the NHL hitting the preds with a 25m penalty which will be probably close to 25% of the cap around that year.

Maybe the max penalty should be the cap hit itself? So 7.8m

The issue is that rather than rewarding players for playing almost the entire contract, the rules actively punish it.

Kovalchuk only played 3/15 years before retiring, so his benefit was spread over 12 years.

Luongo played 9/12 years, so the benefit is spread over only 3 years, with a much higher cap hit.

The benefit should be spread over the number of years the player played the contract, rather than over the number of years left (in most cases, this just creates an equivalent penalty to the benefit that was there).

Worst part of this whole thing is that a legend retired today, and the attention is focused on the salary cap impact he has rather than on his career. That should tell everyone this rule is poor.

 

[kcin94]

Idk, the predators had every opportunity to use their compliance buyout on Weber to avoid this penalty so they would deserve it. But at the same time I can't see the NHL hitting the preds with a 25m penalty which will be probably close to 25% of the cap around that year.

Maybe the max penalty should be the cap hit itself? So 7.8m

What they should have done was give the ability to spread it out over more years than just the remainder of the contract. However, the max penalty should still be the difference of what the team paid versus what the cap hit was. Otherwise, it leads to team using loopholes like they tried to do before.

 

[iamjs]

congrats on your retirement lalongo

 

[vadim sharifijanov]

you think somewhere on some compound thomas is furious that luongo tried to take away his guns last week?

#TBT

 

[MasterDecoy]

What’s to say that hasn’t been said already?

Hopefully he keeps his twitter account going

 

[Zanon]

Luuuuuuuuuu. My all-time favorite player.

I remember being so obsessed with him starting for Team Canada leading up to 2010 Olympics. Check my post history. When Brodeur got the nod against the USA, I went and put my Brodeur hockey card in the deep freezer in hopes that Brodeur would play so bad that Babcock would start Luongo the rest of the way instead. And that's exactly what ended up happening.

 

[Son of Petter]

Sad Day to lose a legend like Lou. Wish he woulda got a cup, he deserves one. He’ll be missed.

 

[mja]

As a Nucks fan, it sucks because of other teams getting it out of it, like New Jersey getting out of it & getting their 1st round pick back. And Chris Pronger working for the NHL while he was on LTIR.

Pronger was a completely legitimate use of LTIR.

 

[Tyrolean]

Retirement instead of LTIR comes down to FLA pushing for that IMO, helps them out more than LTIR would.

Roberto is such a consummate professional, he's not looking to play hardball on the way out especially if he hopes to get back into the organization at some point down the road.

As a Nucks fan, it sucks because of other teams getting it out of it, like New Jersey getting out of it & getting their 1st round pick back. And Chris Pronger working for the NHL while he was on LTIR.

But at the same time we totally benefited from a lower cap hit. It allowed us to build the depth for that 2011 team/run & the great teams we had.

I hope we fight & the league overturns it b/c it's BS retroactively punishing teams, but at the same time 3 Mill for 3 years isn't the end of the world.

It was put in there because teams cheated in the first place. in not keeping with the fair spirit of the contracts even if it was legal.

 

[Pandaman11]

He had a good, long career, was the starter on an Olympic gold medal team. Now enjoy retirement, Lou!

With his wit, I'd see him well as a TV expert.

 

[Goose]

Y’all better bend the knee for the 2009 Scotiabank Fan Fav award winner.

Lock for the Scotiabank Hall of Fame.

 

[Voight]

We have a fair bit of cap space over the next two years - I wouldn't say 2.8M is that terrible. And if it saves this team from an albatross Myers contract I'm stoked on it tbh.

Friedman did say that the Canucks had already planned around this. So I am sure they saw this coming and knew he wouldn't play out the entire deal.

 

[Voight]

One of the great people and goaltenders of his era.

He seems to want to remain involved with the game in some capacity and I think that's great, he's a really entertaining guy. Best of luck to him.

Someone on Twitter said he;s the NHL's answer to Tony Romo and I couldn;t agree more. He'd be great in the booth.

Anyhow, Bobby Lu was probably my favorite goalie during his prime. Not only was he an elite goalie, he was an elite Twitter user and an all around great person. Going to get his jersey retired by two franchises, which is pretty special.

 

[Byrddog]

Idk, the predators had every opportunity to use their compliance buyout on Weber to avoid this penalty so they would deserve it. But at the same time I can't see the NHL hitting the preds with a 25m penalty which will be probably close to 25% of the cap around that year.

Maybe the max penalty should be the cap hit itself? So 7.8m

Hmmmm I never considered the compliance buyout and that is a great point. Seems that was allowed to eliminate situations like this. I doubt Weber will play to age 40 when the 24. something one year hit would be but anything is possible. I see him hanging them up at 36 or 37 that will leave a 6 to 8 mil cap hit which the team really deserves since they matched such a stupid contract and after you pointed out did nothing to fix it thru a compliance buyout. Lifetime contracts were rare to workout and this is the NHL's attempt to fix that and structure of the contracts. The way I see it if they do not grant relief to the Canucks for Louongo then I doubt none will be given to other teams because of precedent.

 

[StreetHawk]

Retirement instead of LTIR comes down to FLA pushing for that IMO, helps them out more than LTIR would.

Roberto is such a consummate professional, he's not looking to play hardball on the way out especially if he hopes to get back into the organization at some point down the road.

As a Nucks fan, it sucks because of other teams getting it out of it, like New Jersey getting out of it & getting their 1st round pick back. And Chris Pronger working for the NHL while he was on LTIR.

But at the same time we totally benefited from a lower cap hit. It allowed us to build the depth for that 2011 team/run & the great teams we had.

I hope we fight & the league overturns it b/c it's BS retroactively punishing teams, but at the same time 3 Mill for 3 years isn't the end of the world.

On principle recapture is correct.

On the other hand other teams have escaped it via Ltir. But those teams had the players rights the Canucks did not and neither does Nashville with Weber.

Just shows how unprepared the nhl was to institute the salary cap that they wanted back in 2005.

Nfl makes all cash paid to a player count against the cap at some point. Nhl missed the boat on that cause they failed to factor in the A and teams demoted guys to avoid the cap hit. And they allowed deals where players were paid more than their cap hit that they weren’t going to fulfill.

 

[tony d]

All the best to him in retirement. One of the bests goalies of the past couple decades. I think he's a Hall of Famer.

 

[Artorius Horus T]

Anyone still remember the trade what brought Luongo (+ Olli Jokinen) to Florida for Kvasha & Parrish?
and Luongo's replacement (DiPietro) was supposed to become the greatest goalie in the NHL

 

[Pointteen]

Hate to see him go, love him going on his own terms.

Love seeing a team correctly punished for the contracts instead of just getting away with LTIR.

I don't care that it is my rival team, but certainly enjoy its potential ramifications

 

[StreetHawk]

Hate to see him go, love him going on his own terms.

Love seeing a team correctly punished for the contracts instead of just getting away with LTIR.

I don't care that it is my rival team, but certainly enjoy its potential ramifications

In principle it’s fair. But again just shows how unprepared the nhl was in setting up a salary cap system.

Should have had a team a couple of years in advance prepare the system understanding the nuances of the nhl operations vs the nfl and nba.

Every dollar paid to a player should hit the cap. So stupid that guys could get sent to the A or Europe and not count like huet and redden.

Plus when Naslund retired in 2009 the rangers didn’t take a $500k hit for the $6 mill they paid him vs his $5.5 cap hit.

That likely set the ball in motion for other teams to believe that they could back dive deals.

 

[Uncle Rotter]

Anyone still remember the trade what brought Luongo (+ Olli Jokinen) to Florida for Kvasha & Parrish?
and Luongo's replacement (DiPietro) was supposed to become the greatest goalie in the NHL