Confirmed with Link: Sens acquire Callahan + pick for Condon + pick

[toivy]

Per TSN: https://www.tsn.ca/ottawa-senators-...tampa-bay-lightning-for-mike-condon-1.1344099)

We trade a 6th and get a 5th (2020 draft for both)

Click to read more...

 

[harrisb]

Callahan insured....

 

[toivy]

Sounds like Callahan will be another LTIR "player" for us...there's another ~$5.8M (minus whatever isn't insurance covered) in actual $$ savings, plus Condon's actual $$ expense (I believe it had been reported at $1.4M if buried).

The positive: helps free up goaltending options in Ottawa/Belleville

 

[RandomChickenWing]

Classic including a pick for no reason

 

[Joeyjoejoe]

lol how much of actual salary is this owner actually paying out of his pockets?

 

[FormentonTheFuture]

Classic including a pick for no reason

doesn't seem like no reason. If Condon wasn't included then yeah it would be no reason.

 

[toivy]

lol how much of actual salary is this owner actually paying out of his pockets?

Last I calculated (albeit manually - remembering to factor in signing bonuses paid by other teams), it was in the ~$47M range; add the ~$4.25M in insured LTIR + 1.4 from Condon not having to be buried, it'd be down to ~$41.5M

 

[Ouroboros]

Stop me if you've heard this one before, but this is yet another cash saving deal. Callahan makes 4.7M this season and is presumably insured at 80% for a cash impact of .94M. Condon was set to make 3M.

2M saved.

Dorion has a legit shot to get the payroll under 40M this year.

 

[Six Assets]

Moved up a few places in the draft, traded a high 6th for a low 5th

 

[Senscore]

Stop me if you've heard this one before, but this is yet another cash saving deal. Callahan makes 4.7M this season and is presumably insured at 80% for a cash impact of .94M. Condon was set to make 3M.

2M saved.

Dorion has a legit shot to get the payroll under 40M this year.

His penny pinching skills as a GM are unmatched.

 

[Gil Gunderson]

This is what Melnyk means when he says we'll be a cap team in a few years.

 

[Engineer]

Any other team would demand at least 2nd for Callahan’s cap dump, we demand they take our unwanted $3M salary and destroy our return.

The wrong way to rebuild; this is it.

 

[NorthCoast]

Per TSN: https://www.tsn.ca/ottawa-senators-...tampa-bay-lightning-for-mike-condon-1.1344099)

We trade a 6th and get a 5th (2020 draft for both)

"Our cap flexibility allowed us to proceed with this trade, which will also benefit us as we continue making adjustments to create a hardworking, exciting team." - PD

LMFAO. If you take away our LTIR contracts we are sitting 10 Mil UNDER the floor.

At what point does Flexibility become Absurdity? 15 mil under the floor, 20 mil under the floor?

 

[pt_mck]

How low can they go?

 

[Senscore]

Curious to see how Callahan and Gaborik play together.

 

[Gil Gunderson]

"Our cap flexibility allowed us to proceed with this trade, which will also benefit us as we continue making adjustments to create a hardworking, exciting team." - PD

LMFAO. If you take away our LTIR contracts we are sitting 10 Mil UNDER the floor.

At what point does Flexibility become Absurdity? 15 mil under the floor, 20 mil under the floor?

If there was ever a management group that deserves to get screwed in the draft lottery it's this one...

 

[Sens]

This is what Melnyk means when he says we'll be a cap team in a few years.

Exactly... what a f***ing joke

 

[danielpalfredsson]

Tale of the #MelnykBucks Tape


MIKE CONDON
CAP HIT:
1.375M (Buried)/2.400M (NHL Roster)
SALARY:
3.000M


RYAN CALLAHAN
CAP HIT:
5.800M (LTIRetired or IR)
SALARY:
0.940M (if fully insured)/4.700M (if uninsured)

RESULT
-Sens save over 2 million in #MelnykBucks.
-Lightning pay over 2M in real salary to shed 5.8M of LTIR eligible cap in exchange for 1.375M of buried cap.​

 

[BatherSeason]

So nice of Pierre Dorion and the Ottawa Senators to continue to provide division rivals with cap flexibility to re-sign star RFAs, while continuing to add draft picks to these moves.

 

[inthewings]

I have to give Dorion credit: reaching the 60M cap floor with only $42M in actual payroll expenditures is legit impressive.

It's a terrible way to rebuild the team, and everyone involved should be ashamed, but he's doing a fantastic job of saving Melnyk money.

 

[FolignoQuantumLeap]

Is this less value than what the Leafs got for LTIRing Clarkson?

 

[danielpalfredsson]

Any other team would demand at least 2nd for Callahan’s cap dump, we demand they take our unwanted $3M salary and destroy our return.

The wrong way to rebuild; this is it.

To be fair, Toronto just took a very similar contract to Callahan and only got a 4th round pick. The market has been reset. It used to be a 2nd, it isn't anymore.

I get people being upset with the state we are in where we are trying to build a team that is well below the cap floor. I'm not arguing against that. But in the context of what our team is, as sad as it is, this is a very good trade.

 

[FormentonTheFuture]

Any other team would demand at least 2nd for Callahan’s cap dump, we demand they take our unwanted $3M salary and destroy our return.

The wrong way to rebuild; this is it.

the issue is, if Condon is healthy, where would he have played for the Sens? They had to give him up somehow IMO.

In the end a lateral trade with a slight pick upgrade to not have a wasted goalie asset

 

[SensHulk]

Moved up a few places in the draft, traded a high 6th for a low 5th

We’re literally talking about moving up 1-2 spots at best in the draft considering where both teams are expected to be. It’s a complete wash to send the picks and almost feels unnecessarily don’t to save face that we received an ‘assett’ to take Callahan

 

[danielpalfredsson]

Is this less value than what the Leafs got for LTIRing Clarkson?

More value by a long shot when you consider we are getting Tampa to take 3 million dollars in dead salary.

 

[DrakeAndJosh]

There's literally no downside to this we get the better pick, save cash, and create some room for our goalie prospects. Can we save being mad for things that are worth being mad about?