Rumor...

[owz]

Have you ever thought about how a team would like to absorb the rest of the deal, if, let's say, the Sedins wanted to or if the Nucks wanted to get rid of them after another 4 unproductive years? That's 8 more years, so please show me who's been traded w/ a length of contract like that...

I believe that Heatley would be the 1st test case...

 

[aznboi9]

It's not when they retire, it's when they sign the contract

If a player signs a contract before his 35th birthday, regardless of length, if he choses to retire, the club is obsolved of the cap hit.

If the deal is signed after the player's 35 birthday, the cap hit stays regardless of retirement/demotion/or release/buyout (the only exception is a long term injury clause)

The Canucks couldn't waive them to get rid of them, they would have to voluntarily retire since NHL contracts are guaranteed

The trick with these long deals it to have the remaining few years pay so little, that the player would chose to retire rather than play since they would be at an age where they would be thinking retirement anyways

This 12 year deal is really a 9 year deal (Sedins will be 37) if they retire at that point. The last 3 years will be at 1 million per, so the deal really is 9 years and 60 million, (average 6.66 per year) but stretching it over 12 years lowers the cap to a very friendly 5.25

Say, maybe you can answer this question since you seem to be the resident capologist. What's to keep a team from just making the contract over a really long time, like 20 years, heavily front loaded? The team would then have an elite player at cap hit of only around 2-3 mill or whatever terms they decide to make and then that would taken off when the player retires. Have I got that right?

 

[bcneil]

Say, maybe you can answer this question since you seem to be the resident capologist. What's to keep a team from just making the contract over a really long time, like 20 years, heavily front loaded? The team would then have an elite player at cap hit of only around 2-3 mill or whatever terms they decide to make and then that would taken off when the player retires. Have I got that right?

LOL I am sure Burke has tried something like that. Take a 31 year old.

100 year contract front loaded at 10mil per year for the first 4, then league minimum for the final 96 years. He retires at 35 and its all over.
He gets his 40 mil. Teams cap hit is under a million per.

 

[Smoothmover]

Say, maybe you can answer this question since you seem to be the resident capologist. What's to keep a team from just making the contract over a really long time, like 20 years, heavily front loaded? The team would then have an elite player at cap hit of only around 2-3 mill or whatever terms they decide to make and then that would taken off when the player retires. Have I got that right?

The NHL has to approve all player contracts and have stated that they would look closely and investigate long-term contracts that extend past a players 40th birthday (Hence why the Sedin/Zetterberg deals are 12 years, they are 28 years old now) This was initially done when the DiPietro deal was signed(He was 25 at the time and the deal was 15 years) They deemed the ability for a player to play to age 40 as "a reasonalble expectation", but players to play over the age of 40 "rare and only in special circumstance"

A long-term contract like that set to expire when a player is over 40 would not get approved by the NHL

 

[hunsperger]

...

The NHL has to approve all player contracts and have stated that they would look closely and investigate long-term contracts that extend past a players 40th birthday (Hence why the Sedin/Zetterberg deals are 12 years, they are 28 years old now) This was initially done when the DiPietro deal was signed(He was 25 at the time and the deal was 15 years) They deemed the ability for a player to play to age 40 as "a reasonalble expectation", but players to play over the age of 40 "rare and only in special circumstance"

A long-term contract like that set to expire when a player is over 40 would not get approved by the NHL

exactly...

all contracts have to be registered with the league as do all trades...

the league would refuse to register any contract that blatantly tried to circumvent the intent of the salary cap...

nice read...