July NHL News and Notes

RedOctober3829

RedOctober3829

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cshea said:
The recapture penalty to Nashville only applies if he officially retires. That will not happen. He will go on permanent LTIR (Savard, Pronger, Hossa, etc.) and the cap hit:LTIR relief stays with Montreal.
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Still though, if he retired why should Nashville have to suffer these penalties when they traded him and his contract to another team? It makes no sense.
 
cshea

cshea

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It's because the deal signed by Weber is now illegal. The NHL retroactively decided they would punish such deals if the player retired before the end of the contract. The theory is Nashville paid him $13 million in cash for years his cap hit was only $7.8 million due to the back diving years that drove down the cap hit. So the NHL's plan is to "recapture" the cap savings Nashville had. The recapture penalties are based on the actual cash paid and cap savings during a players tenure on a particular team. You can't trade away a contract to rid yourself of a recapture liability. I'm not sure of the exact formula but Montreal could be on the hook for a recapture penalty as well, though not as much as Nashville. Recapture penalties are part of the reason Minnesota bought out Suter and Parise.

Roberto Luongo is the only player I can think of that has actually retired and had the recapture penalty applied. Vancouver and Florida are on the hook for $3.3 million and $1.1 million respectively in cap recapture penalties this season due to the Luongo contract.
 
RedOctober3829

RedOctober3829

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cshea said:
It's because the deal signed by Weber is now illegal. The NHL retroactively decided they would punish such deals if the player retired before the end of the contract. The theory is Nashville paid him $13 million in cash for years his cap hit was only $7.8 million due to the back diving years that drove down the cap hit. So the NHL's plan is to "recapture" the cap savings Nashville had. The recapture penalties are based on the actual cash paid and cap savings during a players tenure on a particular team. You can't trade away a contract to rid yourself of a recapture liability. I'm not sure of the exact formula but Montreal could be on the hook for a recapture penalty as well, though not as much as Nashville. Recapture penalties are part of the reason Minnesota bought out Suter and Parise.

Roberto Luongo is the only player I can think of that has actually retired and had the recapture penalty applied. Vancouver and Florida are on the hook for $3.3 million and $1.1 million respectively in cap recapture penalties this season due to the Luongo contract.
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It's such a dumb penalty to have.
 
Dduncan6er

Dduncan6er

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Apr 16, 2020
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I agree. Pretty dumb to penalize teams for signing players to deals that were legal at the time. Even worse I think the Weber contract was an offer sheet that the Preds matched (could be mistaken though). Should the NHL retroactively strip this cup from Tampa if they make changes to the LTIR rules to prevent teams from playing the playoffs with a non-cap compliant roster?
 
Silverdude2167

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Dduncan6er said:
I agree. Pretty dumb to penalize teams for signing players to deals that were legal at the time. Even worse I think the Weber contract was an offer sheet that the Preds matched (could be mistaken though). Should the NHL retroactively strip this cup from Tampa if they make changes to the LTIR rules to prevent teams from playing the playoffs with a non-cap compliant roster?
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The next logical thing the NHL does will be the first.
 
PedroSpecialK

PedroSpecialK

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The other wrinkle in the Weber recapture saga is it wasn’t even Nashville’s deal to begin with - Philly signed him to it as an RFA to try and keep a cash-strapped Nashville from being able to match, something like $20m+ real money in the first 13 months of the deal.

I’ve read whispers here and there that the recapture penalty for Weber specifically is now gone / annulled by the league but not sure who to trust, agree w cshea he won’t retire anyway
 
Sandwich Pick

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PedroSpecialK said:
The other wrinkle in the Weber recapture saga is it wasn’t even Nashville’s deal to begin with - Philly signed him to it as an RFA to try and keep a cash-strapped Nashville from being able to match, something like $20m+ real money in the first 13 months of the deal.

I’ve read whispers here and there that the recapture penalty for Weber specifically is now gone / annulled by the league but not sure who to trust, agree w cshea he won’t retire anyway
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They changed it in the CBA extension. They would still owe the full amount, but the maximum annual hit can't be more than the AAV of the contract.

https://www.ontheforecheck.com/2020/7/7/21316247/cba-changes-may-ease-shea-weber-salary-cap-recapture-penalty-fears-for-nashville-predators-for-now
 

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Haunted

Haunted

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Why should Montreal be penalized because someone, years earlier, signed a then-legal contract that was subsequently made illegal? This seems outrageous.

Holy hell, the NHL has turned Montreal into the good guys.
 
Sandwich Pick

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Nolan Patrick (2nd overall in 2017) was then traded to Vegas for Cody Glass (6th overall)

The 3 players taken between them: Miro Heiskanen, Cale Makar, Elias Pettersson.
 
cshea

cshea

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The Ellis deal is a steal for Philly. Big upgrade on Meyers and Patrick is a bust. Much better than dumping a ton of assets for Jones. NSH also wheeled Patrick to Vegas for Cody Glass.

NYI also *traded* Andrew Ladd, two 2nds and a conditional 3rd to Arizona for nothing. Kinda thought that was illegal and they needed to have a “Future considerations” from Arizona to make it legal.
 
Dummy Hoy

Dummy Hoy

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Zach Hyman is a pretty cool guy and a real solid hockey player. But giving a 29 year old non star 8 years…woof
 
NYCSox

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That's five LTIR seasons at 7.85M per season at a total salary cost of 12M over those five seasons.
 
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cshea

cshea

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Trades starting to come through...

CAR sends goalie Alex Nedeljkovic to DET for Jonathan Bernier and a 3rd.

Sounds like Gostisbhere is headed to Arizona but no word on return.
 
cshea

cshea

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Flyers send a 2nd and 7th to Arizona with Ghostisbehere. Flyers get nothing in return.

'Yotes have bought 5 draft picks by taking on bad contracts. Ghostisbhere might be somewhat useful too.
 
cshea

cshea

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Technically they go in the books as "future considerations."

This is one where I wonder if Seattle made a mistake. Could they have gotten a 2nd and a 7th to select Ghostisbhere? Did they hold out for more? Not interested? It's not that onerous of a contract, $4.5 million AAV for 2 years, and he's not great but somewhat useful. Could be a prime pump and dump candidate too if you play him a zillion minutes on the PP.
 
MiracleOfO2704

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cshea said:
Technically they go in the books as "future considerations."

This is one where I wonder if Seattle made a mistake. Could they have gotten a 2nd and a 7th to select Ghostisbhere? Did they hold out for more? Not interested? It's not that onerous of a contract, $4.5 million AAV for 2 years, and he's not great but somewhat useful. Could be a prime pump and dump candidate too if you play him a zillion minutes on the PP.
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I mean, Hakstol had him for a long stretch in Philly. If he’s not on-board with him, you kinda have to stay away if you’re Francis, don’t you?
 
veritas

veritas

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What is Philly doing? That might be the worst NHL trade in years. Especially after they just paid Arizona to take a better, cheaper defenseman off their hands.
 
BostonFanInCanesLand

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veritas said:
What is Philly doing? That might be the worst NHL trade in years. Especially after they just paid Arizona to take a better, cheaper defenseman off their hands.
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Yeah, advanced stats are not kind to Rasmus. This is a head-scratching overpay and an odd series of moves.
 
tmracht

tmracht

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veritas said:
What is Philly doing? That might be the worst NHL trade in years. Especially after they just paid Arizona to take a better, cheaper defenseman off their hands.
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Hagg is a better defender nevermind Gost. WTF indeed.

42868
 
RIFan

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That is unbelievable on so many levels. Had to package a #2 to get rid of Gost for nothing. Now they give up the #13 overall for an at best similar statistical player, but one that is only signed for 1 year at $5.4M. It's not like they are 1 player away and they needed him to get over the hump.

Fortunately, Philly fans are supportive and good natured and will certainly not go crazy over this.
 
burstnbloom

burstnbloom

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oh wow. that's reallllly bad. I thought that would be the cost to take on Risto. Hockey is so dumb.
 
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