Speculation: Roberto Luongo might be retiring - will we be subject to a recapture penalty?

[rypper]

Sounds like Florida is squeezing Lou out when he might have some play left in him, that's kind of unfortunate, you'd like to see him get a farewell tour before he calls it a career.

 

[Mr. Canucklehead]

Sounds like Florida is squeezing Lou out when he might have some play left in him, that's kind of unfortunate, you'd like to see him get a farewell tour before he calls it a career.

Yeah, that’s a piss off. He’s still capable, and he still wants to play. And yet they’re going to try and force him out, which just sucks.

 

[rypper]

Yeah, that’s a piss off. He’s still capable, and he still wants to play. And yet they’re going to try and force him out, which just sucks.

I hope the Panthers burn the bridge with Lou, buyout Reimer, and then get rejected by Bobrovsky. Just for being bush league to a all Star like Lou.

 

[jftam]

Last night during the 1st intermission, Burkie, pretty much the architect of the cap recapture penalties, laid out what was going to happen to Lu. Lu isn't going to retire, he's going to show up at camp in September and "legally" fail his physical and be placed on LTIR.

 

[StreetHawk]

Last night during the 1st intermission, Burkie, pretty much the architect of the cap recapture penalties, laid out what was going to happen to Lu. Lu isn't going to retire, he's going to show up at camp in September and "legally" fail his physical and be placed on LTIR.

Panthers are on the hook for $1.3 or so per should he retire. They had him for 4 full seasons where his salary was $1.4 million higher than his cap and 1 season where his salary was $2 million under it.

Possibility of maybe send him to a cap floor team to buy out in June. Panthers owe around $3.10 of his remaining $3.6 million in salary. So a buyout of that would cost around $2.05 million to get the $12.4 million of cash over cap hit that has been taken for him since he signed his contract.

 

[Eddy Punch Clock]

Happy 40th Louis.

Remember, you're still a spring chicken. You've got a couple more seasons in ya.

Please?

 

[timbermen]

Good riddance , Bobby Lou. Get a room with Kesler.

 

[Lupuls Grit]

Good riddance , Bobby Lou. Get a room with Kesler.

One of these things is not like the other.

 

[SeawaterOnIce]

1) Cheer when he got pulled in game 6 of the SCF
2) Bronx cheer him in a blowout in 2013
3) Prop up Schnieder. Media grills Luongo in 2012 and 2013.
4) Start Lack over Luongo in the Heritage Classic.

Yeah. f*** Luongo.

 

[timbermen]

1) Cheer when he got pulled in game 6 of the SCF
2) Bronx cheer him in a blowout in 2013
3) Prop up Schnieder. Media grills Luongo in 2012 and 2013.
4) Start Lack over Luongo in the Heritage Classic.

Yeah. **** Luongo.

I agree , he's a complete whiner that MG had to appease by giving him a 10 year deal and the captaincy so he'd sign it. Imagine that , crying to get traded and then saying his 70 million dollar contract sucks. f*** Luongo.

 

[Interior Cascadian]

Understood. But you may have a long wait.

These "cheaty" contracts were legally signed and accepted by the league at the time. The recapture penalty was added later.

I believe the league realizes it is in a legally vulnerable position and the ad hoc recapture penalty would not withstand a court challenge.

So the league continually finds ways to give an out to vulnerable teams. The Luongo situation seems to be moving already towards a LTIR solution.

That's the only interpretation of what's amounted to unfair punishment that makes sense to me. Good read.

 

[supercanuck]

On LTIR the Panthers would have his full cap hit relieved (if necessary) and insurance would pay out his salary.

Probably harder to convince the insurance company than the NHL. Can't imagine they would be too happy with that.

 

[Eddy Punch Clock]

Good riddance , Bobby Lou. Get a room with Kesler.

Dude?