Proposal: OEL to Vancouver

[rt]

To VAN
Ekman-Larsson

To ARI
Jay Beagle (buyout)
Loui Eriksson (buyout)
Antoine Roussel

Why does Vancouver do this? They're going to move Nate Schmidt and Alex Edler is testing the market. Benning wanted OEL last year before he acquired Schmidt. He's looking for defensemen. This deal actually saves Vancouver 3.75aav in capspace for this season. It gives Benning more flexibility at least for one year to plug some more holes. He's likely on a VERY short-leash, and needs to be thinking shorter-term, rather than longer-term. Vancouver needs to make the playoffs. OEL & 3.75aav cap relief helps a helluva lot more than Antoine Roussel.

Why does Arizona do this? They need to cut cash, plain and simple. This deal represents a $7.2 cash savings in year one, $8.7 cash savings in year two, and a $10.5 cash savings in year three. Then in the final three years, it's a combined $18.5 in cash savings.

Click to read more...

 

[Aqualung]

Term is too scary. Need flexibility to sign longer term deals with younger players.

 

[Canuck Luck]

value wise I'd do it but that term and the amount is too risky when all the contracts we are giving up end in 1 yr

 

[deckercky]

Myers needs to go the other way in any OEL trade for there to be any basis for discussion, otherwise the cap becomes impossible to manage.

 

[canwincup]

A short sighted move that would be beneficial to the Canucks for one year, and then they suffer for the next 5 years? Yup sounds like a move Benning would make

 

[nowhereman]

Option A: Wait one year and watch that 12 million dollars in horrible contracts walk out the door.

Option B: Trade the one year of dead cap space for six more years of a horrible contract/dead cap space.

I'm leaning A...

 

[rt]

Myers needs to go the other way in any OEL trade for there to be any basis for discussion, otherwise the cap becomes impossible to manage.

I can live with that. Replace Beagle with Myers?

 

[Sinistril]

Retention otherwise OEL is not going anywhere with a contract that atrocious.

 

[StickShift]

It’s crazy to think, but Vancouver ought to still ask for salary retention on top of dumping Eriksson/Beagle/Roussel. A lot more.

The scenario you propose means that Arizona is dumping $50mm in salary commitments while only taking $4.7mm in salary commitments back.

Quoting below a post I’ve made in other OEL trade threads that shows the sheer scale and size of that OEL contract:

You are incorrect to state that those two ideas are incompatible. Let me run the numbers because it seems you haven't. Arizona can still save significant cash owed by retaining salary. They can also spread out the amount of cash owed instead of paying the required lump sum signing bonus in his contract.

Let's take for example a hypothetical trade—let's pretend Arizona is completely desperate and this is the only offer that comes along... worst case scenario stuff...

ARI: Olli Juolevi (let's assume signed $1.00mm x 2y) , Loui Eriksson (to be bought out), Jay Beagle (to be bought out)
VAN: Oliver Ekman-Larson ($2.75mm retained)
​

Would Arizona still save any money? Even with salary retention and taking on bad contracts? Yes, they would save over $30,000,000 !!! They would only have $19,300,000 in salary committed instead of $50,000,000 committed!

	Juolevi Cash Owed	Eriksson Cash Owed (bought out)	Beagle Cash Owed (bought out)	Ekman-Larsson Cash Owed (salary retention)	Trade Package Cash Owed Total	Ekman-Larsson Cash Owed If not traded...	Arizona Cash Saved Total
2021-22	$1,000,000	$1,000,000	$400,000	$2,750,000	$4,150,000	$10,500,000	-$6,350,000
2022-23	$1,000,000	$1,000,000	$400,000	$2,750,000	$4,150,000	$10,500,000	-$6,350,000
2023-24				$2,750,000	$2,750,000	$10,500,000	-$7,750,000
2024-25				$2,750,000	$2,750,000	$8,000,000	-$5,250,000
2025-26				$2,750,000	$2,750,000	$5,250,000	-$2,250,000
2026-27				$2,750,000	$2,750,000	$5,250,000	-$2,250,000
Total	$1,000,000	$2,000,000	$800,000	$16,500,000	$19,300,000	$50,000,000	-$30,700,000

[TBODY] [/TBODY]

And that's using $2,750,000 in salary retained as an example... Let's imagine other scenarios with various amounts of salary retained (using that same hypothetical worst case scenario trade package):

Ekman-Larsson Cash Owed (salary retention)	Trade Package Cash Owed Total	Arizona Cash Saved Total	Cash % that Arizona saves?
$0	$2,800,000	-$47,200,000	94%
$500,000	$5,800,000	-$44,200,000	88%
$1,000,000	$8,800,000	-$41,200,000	82%
$1,500,000	$11,800,000	-$38,200,000	76%
$2,000,000	$14,800,000	-$35,200,000	70%
$2,500,000	$17,800,000	-$32,200,000	64%
$3,000,000	$20,800,000	-$29,200,000	58%
$3,500,000	$23,800,000	-$26,200,000	52%
$4,000,000	$26,800,000	-$23,200,000	46%

[TBODY] [/TBODY]

Would Arizona love to save 94% of the cash committment? I'm sure they would. But there isn't a single owner in this league that is going to throw Arizona a life-preserver like that. They are going throw them anchors and they are going to expect Arizona to share the burden of risk for a player with a questionable record and an expensive long-term deal.

For the sake of an argument, if Arizona were to simply buy out OEL's contract this off-season, they would still be on the hook for paying him $35,083,333 total between now and 2032-33. Here's how that would look like versus the hypothetical worst case scenario trade package:

	Trade Package Cash Owed Total	Trade w/Arizona Cash Saved Total	OEL Buyout Cash Owed Total	Buyout Cash Saved Total
2021-22	$4,150,000	-$6,350,000	$2,486,111	-$8,013,889
2022-23	$4,150,000	-$6,350,000	$7,736,111	-$2,763,889
2023-24	$2,750,000	-$7,750,000	$2,486,111	-$8,013,889
2024-25	$2,750,000	-$5,250,000	$2,486,111	-$5,513,889
2025-26	$2,750,000	-$2,250,000	$2,486,111	-$2,763,889
2026-27	$2,750,000	-$2,250,000	$2,486,111	-$2,763,889
2027-28			$2,486,111	+$2,486,111
2028-29			$2,486,111	+$2,486,111
2029-30			$2,486,111	+$2,486,111
2030-31			$2,486,111	+$2,486,111
2031-32			$2,486,111	+$2,486,111
2032-33			$2,486,111	+$2,486,111
Total	$19,300,000	$30,700,000	$35,083,332	$14,916,668

[TBODY] [/TBODY]

If Arizona simply wants to get out of paying that contract, their break-even point for salary retention in that worst case scenario (versus a buyout) would be retaining as much as $5,375,000—which is of course way beyond the 50% max for salary retention. This is just used to illustrate how enormous that OEL contract is, and how even with A LOT of salary retention involved Arizona stands to save a bunch of money.

 

[deckercky]

Please fax over the paperwork.

 

[deckercky]

Please fax over the paperwork.

I can live with that. Replace Beagle with Myers?

 

[rt]

Please fax over the paperwork.

Pleasure doing business with you

 

[notsocommonsense]

Nope, don’t want that contract without retention

 

[BCNate]

Any deal for OEL would have to include Tyler Myers. Canucks would have to send back term and $. OEL is a slightly better D, but is signed for 3 extra years and 2.25 mill more in salary. I think there needs to be a few more moving parts to make this work. Canucks would need to move some salary to make next season work, and then get compensation for taking on the extra years/money.

My offer would be:
OEL
Garland

for
Myers
Rousel or Beagle
2021 2nd
Joulevi or Lind

I get that is far from ideal for AZ, but the Canucks are eventually taking on a 36YO OEL at 8+ mil.

 

[innitfam]

Like others said, replace Beagle with Myers and I do this 100%

 

[Cogburn]

Even with Myers, I'm not convinved.

 

[ohnoeszz]

OEL's contract is not manageable without retention. 11 a year is not tenable for him in a cap world and trading our own cap problem contracts back doesn't erase that.

We would just be consolidating our losses into one unmoveable albatross contract and still having to replace the roster spots. Beagle for instance is overpaid, but based on his last playoff performance, he is still a valuable 4th line center.

11 mil stuck in OEL long term is putting way too many eggs in one basket.

 

[BCNate]

OEL's contract is not manageable without retention. 11 a year is not tenable for him in a cap world and trading our own cap problem contracts back doesn't erase that.

We would just be consolidating our losses into one unmoveable albatross contract and still having to replace the roster spots. Beagle for instance is overpaid, but based on his last playoff performance, he is still a valuable 4th line center.

11 mil stuck in OEL long term is putting way too many eggs in one basket.

His cap is 8.25

 

[rt]

Any deal for OEL would have to include Tyler Myers. Canucks would have to send back term and $. OEL is a slightly better D, but is signed for 3 extra years and 2.25 mill more in salary. I think there needs to be a few more moving parts to make this work. Canucks would need to move some salary to make next season work, and then get compensation for taking on the extra years/money.

My offer would be:
OEL
Garland

for
Myers
Rousel or Beagle
2021 2nd
Joulevi or Lind

I get that is far from ideal for AZ, but the Canucks are eventually taking on a 36YO OEL at 8+ mil.

I wouldnt trade you Garland for your 1st round pick.

 

[rt]

OEL's contract is not manageable without retention. 11 a year is not tenable for him in a cap world and trading our own cap problem contracts back doesn't erase that.

We would just be consolidating our losses into one unmoveable albatross contract and still having to replace the roster spots. Beagle for instance is overpaid, but based on his last playoff performance, he is still a valuable 4th line center.

11 mil stuck in OEL long term is putting way too many eggs in one basket.

What are you talking about?

 

[bandwagonesque]

To VAN
Ekman-Larsson

To ARI
Jay Beagle (buyout)
Loui Eriksson (buyout)
Antoine Roussel

Why does Vancouver do this? They're going to move Nate Schmidt and Alex Edler is testing the market. Benning wanted OEL last year before he acquired Schmidt. He's looking for defensemen. This deal actually saves Vancouver 3.75aav in capspace for this season. It gives Benning more flexibility at least for one year to plug some more holes. He's likely on a VERY short-leash, and needs to be thinking shorter-term, rather than longer-term. Vancouver needs to make the playoffs. OEL & 3.75aav cap relief helps a helluva lot more than Antoine Roussel.

Why does Arizona do this? They need to cut cash, plain and simple. This deal represents a $7.2 cash savings in year one, $8.7 cash savings in year two, and a $10.5 cash savings in year three. Then in the final three years, it's a combined $18.5 in cash savings.

OEL has clear and significant negative value and this trade basically dumps him with nothing retained. There's no way any sane GM is taking on OEL under those circumstances.

 

[BCNate]

I wouldnt trade you Garland for your 1st round pick.

Garland had a nice season, but is in no way worth the #9, not even close. I do agree that the 2nd and Lind/Joulevi is probably not enough though. I was debating the following before going with what I did:

OEL
Garland

Myers
Rousell
Beagle
2022 conditional 1st (top 10 protected)

 

[CraigsList]

Any deal for OEL would have to include Tyler Myers. Canucks would have to send back term and $. OEL is a slightly better D, but is signed for 3 extra years and 2.25 mill more in salary. I think there needs to be a few more moving parts to make this work. Canucks would need to move some salary to make next season work, and then get compensation for taking on the extra years/money.

My offer would be:
OEL
Garland

for
Myers
Rousel or Beagle
2021 2nd
Joulevi or Lind

I get that is far from ideal for AZ, but the Canucks are eventually taking on a 36YO OEL at 8+ mil.

Lol nice little Garland slip-in there. He’s not going anywhere unless it’s significant overpayment. Your offer is the complete opposite.

EDIT: still not enough with your most recent reply.

 

[rt]

Garland had a nice season, but is in no way worth the #9, not even close. I do agree that the 2nd and Lind/Joulevi is probably not enough though. I was debating the following before going with what I did:

OEL
Garland

Myers
Rousell
Beagle
2022 conditional 1st (top 10 protected)

You have absolutely no idea what you’re talking about.

 

[rt]

OEL has clear and significant negative value and this trade basically dumps him with nothing retained. There's no way any sane GM is taking on OEL under those circumstances.

There is a chance Arizona does not trade him. There is absolutely no chance Arizona retains salary on him. No way.

Incidentally, Andre Tourigny already flew to Sweden and met with OEL and spent several hours with him over a couple of days.

Rick Tocchet when he was hired just ignored him and without even talking to him or making as statement decided not to give him the captaincy as the GM publicly assumed would happen. OEL and Tocchet had a toxic relationship from the very beginning. I wouldn’t be surprised if OEL was just waiting him out. Tocchet is a moron.