Poll: BUY OUT Jimmy Or Ericsson Or Neither...

[DATS-O-MATIC]

Buyout Howard

Year Contract Salary Due Contract Cap Hit Buyout Cost Buyout Savings Buyout Cap Hit

2016-17 $5,500,000 $5,291,666 $1,638,888 $3,861,112 $1,430,554
2017-18 $5,000,000 $5,291,666 $1,638,888 $3,361,112 $1,930,554
2018-19 $4,250,000 $5,291,666 $1,638,888 $2,611,112 $2,680,554
2019-20 $0 $0 $1,638,888 -$1,638,888 $1,638,888
2020-21 $0 $0 $1,638,888 -$1,638,888 $1,638,888
2021-22 $0 $0 $1,638,888 -$1,638,888 $1,638,888
Contract Years Remaining: 3
Contract Value Remaining: $14,750,000
Age at Buyout: 32
Buyout Ratio: 2/3
Total Buyout Cost: $9,833,333
Annual Buyout Cost: $1,638,888


Team

Year Team Cap Hit Before Buyout Team Cap Hit After Buyout Difference
2016-17 $77,867,042 $74,005,930 -$3,861,112
2017-18 $66,246,210 $62,885,098 -$3,361,112
2018-19 $50,896,210 $48,285,098 -$2,611,112
2019-20 $36,104,544 $37,743,432 +$1,638,888
2020-21 $27,899,999 $29,538,887 +$1,638,888
2021-22 $14,500,000 $16,138,888 +$1,638,888


Buyout Ericsson

Year Contract Salary Due Contract Cap Hit Buyout Cost Buyout Savings Buyout Cap Hit


2016-17 $4,000,000 $4,250,000 $1,375,000 $2,625,000 $1,625,000
2017-18 $4,000,000 $4,250,000 $1,375,000 $2,625,000 $1,625,000
2018-19 $4,250,000 $4,250,000 $1,375,000 $2,875,000 $1,375,000
2019-20 $4,250,000 $4,250,000 $1,375,000 $2,875,000 $1,375,000
2020-21 $0 $0 $1,375,000 -$1,375,000 $1,375,000
2021-22 $0 $0 $1,375,000 -$1,375,000 $1,375,000
2022-23 $0 $0 $1,375,000 -$1,375,000 $1,375,000
2023-24 $0 $0 $1,375,000 -$1,375,000 $1,375,000
Contract Years Remaining: 4
Contract Value Remaining: $16,500,000
Age at Buyout: 32
Buyout Ratio: 2/3
Total Buyout Cost: $11,000,000
Annual Buyout Cost: $1,375,000


Team

Year Team Cap Hit Before Buyout Team Cap Hit After Buyout Difference
2016-17 $77,867,042 $75,242,042 -$2,625,000
2017-18 $66,246,210 $63,621,210 -$2,625,000
2018-19 $50,896,210 $48,021,210 -$2,875,000
2019-20 $36,104,544 $33,229,544 -$2,875,000
2020-21 $27,899,999 $29,274,999 +$1,375,000
2021-22 $14,500,000 $15,875,000 +$1,375,000
2022-23 $4,250,000 $5,625,000 +$1,375,000
2023-24 $0 $1,375,000 +$1,375,000

Click to read more...

 

[Ezekial]

Neither.

I wouldn't but out either until next offseason, even then I MIGHT buy out E. I think worst case scenario Jimmy is traded next year @ 50%

 

[Winger98]

neither. Wait a year and see if we can't unload one to Vegas and the other in a trade with some salary retention. Or see if Ericsson ends up going on LTIR now, too, with his messed up hips.

 

[Ezekial]

^^ That's another key, Ericsson seems to be a certain LTIR candidate, buying him out could be a huge waste of money.

 

[Run the Jewels]

^^ That's another key, Ericsson seems to be a certain LTIR candidate, buying him out could be a huge waste of money.

Yep, I fully expect Ericsson on LTIR. With Howard it really depends. His contract is so awful you may have to give up too much in assets and eat too much salary to get much if any benefit from trading him. So buyout is more likely with him IMO. He isn't going to play enough with Petr on the team to get injured and join the LTIR all stars.

 

[Frk It]

^^ That's another key, Ericsson seems to be a certain LTIR candidate, buying him out could be a huge waste of money.

Could we have Kronwall, Franzen, and Ericsson all on LTIR at the same time?

 

[DATS-O-MATIC]

Yep, I fully expect Ericsson on LTIR. With Howard it really depends. His contract is so awful you may have to give up too much in assets and eat too much salary to get much if any benefit from trading him. So buyout is more likely with him IMO. He isn't going to play enough with Petr on the team to get injured and join the LTIR all stars.

It only takes 1 incident for him to be injured, i.e., a scuffle in the crease and a player(s) fall on his knee, ...then the fat lady sings.

 

[Run the Jewels]

It only takes 1 incident for him to be injured, i.e., a scuffle in the crease and a player(s) fall on his knee, ...then the fat lady sings.

Perhaps. He only seems to get worn down the past couple years due to playing a decent amount of games and that seems unlikely with Holland already naming Petr the starter. So what I'm saying is it's tough to see there being a situation where you put Howard on LTIR that will not result in cocked eyebrows throughout the league office.

 

[njx9]

Isn't the hope that E would just... retire (rather than LTIR)? I don't really understand a lot about how contracts work at the end of a guy's career, but there shouldn't be the Z/Datsyuk risk of recapture, right?

Either way, neither. Howard should be movable with retention next year. Plus, buying either out this year just gives Holland room to sign yet another bad contract. I'd rather his hands were tied.

 

[Winger98]

Yep, I fully expect Ericsson on LTIR. With Howard it really depends. His contract is so awful you may have to give up too much in assets and eat too much salary to get much if any benefit from trading him. So buyout is more likely with him IMO. He isn't going to play enough with Petr on the team to get injured and join the LTIR all stars.

retain the amount that would hit our cap if we bought him out and he would only cost like $3.7m for whoever deals for him. I think he has value at that price unless he's just godawful this year. Also, we could probably take someone back like how we took Vitale. Also, even if we had to retain more of Howard's deal, it would still only be for the length of the deal. If we have to have the dead cap space, I'd rather have it for as short a term as possible.

 

[Ezekial]

Could we have Kronwall, Franzen, and Ericsson all on LTIR at the same time?

Although I'm not 100%, IIRC you can only have 2 cap hits eaten with LTIR, but I've also seen people say you can have more. I really don't know.

Yep, I fully expect Ericsson on LTIR. With Howard it really depends. His contract is so awful you may have to give up too much in assets and eat too much salary to get much if any benefit from trading him. So buyout is more likely with him IMO. He isn't going to play enough with Petr on the team to get injured and join the LTIR all stars.

Honestly Howard on a 2yr 2.6 mil per even 3 or 3.5 is not a bad contract for another team to take. Look at Buffalo - Lehner, Nillson, and Ullmark aren't exactly proven and are all either UFA/RFA after the season. If they all struggle Jimmy could be a beaut for them at that price.

 

[Wood Stick]

Could we have Kronwall, Franzen, and Ericsson all on LTIR at the same time?

I think Kronny manages to finish off his contract around 60 GP per. His IQ is still there. He needs a reliable D partner that can skate. We don't have that besides DDK.

 

[Winger98]

Although I'm not 100%, IIRC you can only have 2 cap hits eaten with LTIR, but I've also seen people say you can have more. I really don't know.

I think you can have as many as you want. The problem is that you can still only go over the cap by 10% in the summer, and you still have to find a way to be cap compliant on the first day of the season before you start throwing all of those guys onto LTIR. Having $20m on LTIR contracts doesn't do you any good if you can't stay within that 10% or get compliant to start the season.

 

[Ezekial]

I think you can have as many as you want. The problem is that you can still only go over the cap by 10% in the summer, and you still have to find a way to be cap compliant on the first day of the season before you start throwing all of those guys onto LTIR. Having $20m on LTIR contracts doesn't do you any good if you can't stay within that 10% or get compliant to start the season.

Ok that makes sense, so basically you can benefit from ~7 mil of LTIR cap hits before the season.


I guess I have another question then, I know that the LTIR cap hit amount isn't the exact cap hit, but what about during the regular season. I remember when Kane was hurt 2 years ago and put on LTIR Chicago was able to trade for Timonen, Vermette, and Desjardins - how is that cap reduction calculated - is it the same way?

 

[The Zetterberg Era]

I think eating salary on both players is preferable to buying them out. I guess if that is Holland's position I agree, but just looking at the numbers I feel like that is the situation that makes the most sense.

Hopefully we can talk Vegas into taking one outright. Heck I would dangle a second rounder just to have them do it.

 

[RedWingsfan55]

Neither. We DONT need the money now so why do it?

We could waive Ericsson if we have to and let him play in minors.

 

[BinCookin]

Howard has trade value next summer or expansion draft fodder maybe.

Ericsson going LTIR... so wasting money.

EVEN if you want these 2 players never to play again for Detroit. Best move is keep them this season and see what happens.

 

[SoupNazi]

Isn't the hope that E would just... retire (rather than LTIR)? I don't really understand a lot about how contracts work at the end of a guy's career, but there shouldn't be the Z/Datsyuk risk of recapture, right?

Either way, neither. Howard should be movable with retention next year. Plus, buying either out this year just gives Holland room to sign yet another bad contract. I'd rather his hands were tied.

That's correct. There's no risk of recapture on his deal.

 

[Heaton]

Neither, let the deals run out and hopefully Holland will be able to use the money re-signing someone who's worth it.

 

[Mount Suribachi]

I know the team is trying to continue scraping into the playoffs, but I'd rather have them on the roster know and getting paid while we slide down the standings, than buy them out and still have the cap hit 5 years from now when we're trying to get better again.

 

[Pavels Dog]

We don't currently have 6 better d-men than Ericsson or 2 better goalies than Howard nor do we need the cap savings, which I think is what the bar should be for buying someone out.

 

[jkutswings]

I know the team is trying to continue scraping into the playoffs, but I'd rather have them on the roster know and getting paid while we slide down the standings, than buy them out and still have the cap hit 5 years from now when we're trying to get better again.

Agree 100%.

At this point, I'd rather have the Datsyuk cap hit than this summer's activities. Really, if you assume the RFA deals were happening one way or the other, Nielsen is the only other name I think has even a chance at helping the club...for 3-4 years of his 6 year deal, anyway.

 

[Heaton]

We don't currently have 6 better d-men than Ericsson or 2 better goalies than Howard nor do we need the cap savings, which I think is what the bar should be for buying someone out.

Mrazek is better than Howard as a starter and Howard isn't any good as a backup. That is a big reason to move him.

 

[Tatar]

Neither. Hope Vegas takes one and trade the other for a 7th.

 

[Pavels Dog]

Mrazek is better than Howard as a starter and Howard isn't any good as a backup. That is a big reason to move him.

Moving him is different than buying him out though. A buy out is more of a desperation move, we're not desperate to save a few million and move a guy like Coreau or someone into the NHL.