I like the term and signing but 1m too much......
Clarification for anyone:Just saw that the AAV is actually $5.1M.
The deal includes a $1.1M performance bonus based on the Red Wings making the playoffs next year.
Clarification for anyone:
Cap hit is 4.0 until he hits those bonuses, though, much like Panarin's rookie year in Chicago when they got kinda hosed for him hitting all of them
Just saw that the AAV is actually $5.1M.
The deal includes a $1.1M performance bonus based on the Red Wings making the playoffs next year.
He will never get that 1.1MJust saw that the AAV is actually $5.1M.
The deal includes a $1.1M performance bonus based on the Red Wings making the playoffs next year.
Where are you getting this info from? Why would Detroit have to pay $1.1M if he is traded to a team that already was in the playoffs?Wouldn't a players performance bonus be linked to his current team, and not any one team?
I'm pretty sure Jimmy would get a $1.1M bonus if 'his' team make the playoffs next season, whether it's Detroit or not......
The $1.1M becomes it's own NTC. If Jimmy stays with the Wings all year, then he gets $4M since the Wings won't make the playoffs.
If the Wings decide to trade Howard at the TD to a contender next season, who makes the playoffs, Jimmy makes $4M and get a $1.1M bonus when the new team makes the playoffs.
The $1.1M would be a form of NTC. If wings decide to trade Jimmy, it will cost them a $1.1M bonus to do so. Which I'm sure both the Wings and Jimmy would be OK with.
Where are you getting this info from? Why would Detroit have to pay $1.1M if he is traded to a team that already was in the playoffs?
The bonus is tiered based on the playoff appearance and how many games Howard will have played (35, 40, 45, 50 up to 55). There's also a bonus if the Wings win their first-round playoff series, and another if they win a second-round series.
I'm actually not sure how 35+ performance bonuses work, other than that they are accounted for at the end of the season and can carry over into the next seasons cap if they take the team over the limit.
I'm assuming who pays the bonuses is tied to how it's written? "If the team makes the playoffs and Jimmy Howard plays in 35/whatever games, then $xxx,xxx bonus kicks in"...?
I dont think we would be on the hook for the bonus but I would pay it if it guaranteed a first round returnRetent the salary at the deadline for 50%, and the bonus is equal for the saved salary or even less.
Trade deadine is usually at 75% of season played.
You retent 50% of that 4M base salary, that leaves 2M caphit/salary figure for the traded team and 25%, the last quarter of season, of it.
So, that's 500k for the team he is traded + that 1.1M bonus if they reach the playoffs.
It sounds like Howard's has a bunch of different bonuses totaling $1.1M, according to HSJ: