Proposal: Creative ways to shed Loui Eriksson contract

Discussion in 'Trade Rumors and Free Agent Talk' started by Johnsie19, Oct 15, 2020.

  1. FerrisRox "Wanna go, Prettyboy?"

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    People keep saying this but if they understood, at all, how things work they would realize what a ridiculous claim that is.

    In order for a player to be placed on the LTIR the teams medical staff have to declare him unfit to play. At which point, because of the salary cap, this claim needs to be verified by the National Hockey League by an independent medical examiner.

    Once both of those things are done, the contract is then paid off by an insurance company and guess what they do before they cut a multi million cheque? They have yet another independent medical examiner go through their examination.

    It is absolutely impossible for a team to put an otherwise healthy player on LTIR. It would require the team to be involved with a conspiracy with the league, and the goal of the conspiracy is to defraud the insurance company and guess what, the conspiracy requires the insurance company themselves to be in on it in order to defraud themselves.
     
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  2. innitfam Registered User

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    I'd do this, depending on the prospect (and/or pick) Anisimov is still a decent player too.

    However since Ottawa is doubling their cap hit (assuming Virtanen signs 2 yr/~$3M) for this year and adding $9M cap next year, because Anisimov only has 1 year left, they would want decent compensation one would think... although they actually paid a pick for Gudbranson.

    The cap savings should be enough to sign Gaudette, Leivo (or other tweener forward for 1-1.5M) + sign Fantenberg or another depth D (once Baertschi's buried contract is factored in).
     
    Last edited: Oct 17, 2020
  3. joelCAMEL Registered User

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    Luongo signed his contract in 2009, under the CBA of 2005-2012. Bettman advised all teams that the next CBA in 2013, would close this loophole and penalties would be applicable, even on contracts signed before the latest CBA.

    I am unsure of the timing but Bettman implies that Luongo's contract was signed after Bettman told all the teams. Until his radio interview this month, I was like you...unhappy about the Luongo penalty and unclear why it was applicable. Now, I am still unhappy but I understand why the Canucks have to pay...he retired and did not go on LTIR. Gillis gambled and the Canucks lost. The only surprise is that he did not go on LTIR, like the other players.

    Luongo's official retirement from NHL benefits Panthers, burns Canucks | The Province
     
  4. DudeWhereIsMakar Bergevin sent me an offer sheet

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    Just give Eriksson to Ottawa. If not Detroit or New Jersey.
    Expose Myers to Seattle and make sure the Kraken take him.
     
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  5. Rydgar Registered User

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    You can only retain a maximum of 50% of a player's salary cap. There can't be two 50% retentions.
     
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  6. voxel Go Condors!

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    Why would any of those teams want him?
     
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  7. kilowatt Registered User

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    Loui Eriksson with no retention and Vasili Podkolzin to LA for Rasmus Kupari, Kale Clague, and St. Louis' second round pick in 2021.

    Turcotte - Kopitar - Kaliyev
    Podkolzin - Byfield - Fagemo
    Andersson - Vilardi - Madden
     
  8. mouser Business of Hockey

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    I don’t know precisely when the NHL sent a warning to teams, but from accounts I’ve read it was near or shortly after the Hossa signing. Which would have been before Luongo.

    The Luongo contract was goofy from the beginning. It was almost as if Gillis felt he needed to keep up with the Joneses and sign someone to a retirement deal since other teams were doing it. They could have fit in a reasonable Luongo extension without the cap circumventing retirement deal.
     
  9. clay Registered User

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    Would do this in a heartbeat from Canucks perspective.
     
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  10. kilowatt Registered User

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    It's definitely a generous offer, but (in my personal opinion and likely no other Kings fan's opinion) LA has more prospects than they can reasonably ice and could focus on consolidating some of that talent.
     
  11. LPHabsFan Registered User

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    If Benning REALLY wanted to play hard ball to find a solution, he would go to him and say your ass is staying home until we can find a suitable destination for you because we (the Canucks) don't want to risk you getting injured and therefore can't move you. Until then, keep training and hopefully something gets worked out. Eriksson has said he wants to play. Simply put, this is a gamble to try and force Eriksson to come forward to mutually terminate the contract. It's either he gives up the money, or he doesn't play.
     
  12. joelCAMEL Registered User

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    I think the only thing goofier than the contract was when Luongo was named team captain. This is all the time I am going to spend on Luongo. Its done and from my understanding, the team has accepted responsiblity for previous management actions.
     
  13. innitfam Registered User

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    Intriguing. Can you give me a lowdown on those Kings prospects?
     
  14. kilowatt Registered User

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    Kupari and Clague are kind of "old news" prospects that have fallen out of favor due to the Kings' impressive drafting recently. Kupari was selected 20th in 2018 and Clague 51st in 2016.

    From THW: https://thehockeywriters.com/la-kings-prospects-top-prospects-april-2020/

     
  15. travis scott Registered User

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    Canucks are not trading Podkolzin to get rid of Eriksson.
     
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  16. T_Cage VP of Awesome

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    Lehner’s contract was retained twice in February... Chicago retained 50% (2.5m of 5m original cap hit) and Toronto retained an additional 1.1m (44% of the 50% they could have)

    So unless this was changed since February, there can be 2 50% retentions (so up to 75% total)
     
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  17. Junohockeyfan Registered User

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    Ergo, the Canucks are not trading Louie Ericksson.
     
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  18. WhalerTurnedBruin55 Registered User

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    Going price to move a bad contract (even worse than Eriksson's) has been a 1st with varying amounts of retention or none. That's likely the starting point, unless you are talking about taking a somewhat equally bad contract back. If the Canucks aren't giving up that pick, I don't see another team with any incentive to take it on.
     
  19. Rydgar Registered User

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    Upon further research, you are correct sir. I had no idea this could be done mostly because I've never seen it done and could be easily abused for cap circumvention.
     
  20. Canuck86 Registered User

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    Would you do a different deal if the prospect was Hoglander/Juolevi?

    I agree with T. Scott that trading Podkolzin should not be on the table, but your offer of 2 prospects and a 2nd round pick coming back is pretty damn tempting. We gain 3 assets while dumping 1 top prospect and a 6m dead weight contract...
     
  21. travis scott Registered User

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    That’s fine. There are a number of other ways to shed salary.
     
  22. Kuznetsnow Registered User

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    Shouldn't he have value to cap floor teams since he's not making real money?
     
  23. Larry Hanson Registered User

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    That would be a tough decision for him. Move to Antarctica so his wife can make 8M or don't go to Antarctica, stay in the NHL, and make 8M himself. Quite the dilemma.
     
  24. travis scott Registered User

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    Still has negative value despite that. He is owed $5 million total over the next 2 seasons, and is nowhere near being worth 2.5m per season.
     
  25. ddawg1950 Registered User

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    What's Tonya Harding up to these days?
     
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