Cherry Picker wrote: ↑
Fri Jun 22, 2018 10:16 am
Expanding on my thought from the last thread about Taveres.
Lets say the Canucks had planned to offer Brock a 8 x 6 m salary = 48m all together.
While they have a ton of cap space offer him 15m on a one year deal and then 7 years at 5m = 50m all together (or 8 years). That way his cap hit is reduced in future years when other players need to start being paid and he makes a couple extra million for taking two contracts instead of one. He also benefits by a big up front payday in his first year.
Great idea, or great idea?
Section 50.5 (F)(iv) of the CBA:
A Player who is party to a one-year SPC may not enter into an "extension" of such SPC prior to January 1 of the League Year covered by such SPC.
So that means JT could sign for 15mil and then be awarded his extension no sooner than Jan 1, 2019.
What happens if he breaks his leg in training camp and is out until February? Does he need to come back and prove he's worth the extension or has he just kissed ~ $60 mil goodbye?
I'm guessing he signs for 70 - 80 mil, maybe even up to 85 over 7 years to leave the Islanders and guarantees himself and his family the money now.
7 years, 75 mil - 10.7 mil cap hit
3 big bonuses
Year 1 - Upon signing (2018)
Year 2 - July 1 (2019)
Year 5 - July 1 (2022)
Sept 2019, either the NHL or NHLPA can opt out of the current CBA, causing yet another lockout. That bonus would be paid before the lockout so it's guaranteed in case of a work stoppage.
If either the NHL or NHLPA decide to not opt out, the CBA expires in Sept 2022, that bonus would be guaranteed as well in case of a work stoppage.
Year 1: 15 mil bonus / 5 mil salary
Year 2: 20 mil bonus / 5 mil salary
Year 3: 3 mil salary
Year 4: 3 mil salary
Year 5: 15 mil bonus / 3 mil salary
Year 6: 3 mil salary / M-NTC
Year 7: 3 mil salary / M-NTC
Total paid over 7 years: $75 mil
Total guaranteed in case of lockout in 2019: $40 mil
Total guaranteed in case of lockout in 2022: $66 mil
of course it's always fun to spend other people's money