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Leaf Rumours

BeLeafer said:
It's truly ridiculous. I see no reason to assume that it will be voided with a new CBA. At best the numbers get adjusted to the new cap structure, but the result is more or less the same.
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There were rumours, a few weeks ago of provisions in the next CBA that would deal with these contracts, and hang the cap hit on the original team that signed the contract should the player retire before the contract ended, even if the player were traded.

So yeah, there's quite a few possibilities, and they would all adjust the market value of Luongo.
 
BeLeafer said:
I'm a bit surprised by how much support there is for this trade. I've never been a Luongo fan, but I can recognize that he's a very good starting goaltender - far better than anything we've seen since Belfour. But that contract, his ego, and playoff performances of recent years give me the big time eebie jeebies.
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dude won 15 games two years ago.

i also don't get the ego thing, what has he done? dude seems like a pretty good dude. hasn't complained about whats happened in van. hell, he wasd their captain.

the only red mark is the contract length -- not even the csp hit. (quite the opposite, actually)
 
$5.3M a year for a number one goalie... a definite top 10 and quite possibly a top 5? I don't see what's so ugly about that. Term? Well we all know he's going to retire 2 or 3 years before that term is over.
 
who cares?

the leafs prerogative should be to improve its roster.

other teams are perfectly fine paying rinne $7mn per year or lundqvist $7.5mn, or price $6.5mn. the leafs can get a similar goalie for $5.3mn. that's the tradeoff. so teams are aghast at the possibility of luongo playing until he's 43... but there is a fantastic tradeoff, that being an extra $1.5-$2mn to spend elsewhere on the roster.
 
Our cap situation is great. It really doesn't matter if we get a goalie making a million or so higher as a cap hit in exchange for half the length.
 
Sure but where else are you going to find an elite goalie?

These opportunities don't come around every day. I'd take advantage even if you might regret having that contract 5-6 years from now.
 
JackBurton said:
Our cap situation is great. It really doesn't matter if we get a goalie making a million or so higher as a cap hit in exchange for half the length.
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having a good cap situation doesn't mean you should stop looking for or considering value.

especially since the cost (i.e. in assets) to acquire a goalie of luongo's caliber is going to be a hell fo a lot higher than whaever the leafs would have to trade to get luongo... even if it is kadri.
 
Montana said:
Luongo's contract has never been anything but a selling point.
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At present, I couldn't disagree with you more. However, if the "Burke rule" (cap hit on back-diving contracts reverts back to the team that originally signed the deal upon the player's retirement) actually ends up being part of the new CBA, then I'll agree with you.
 
At present, I couldn't disagree with you more.
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At present, Luongo's deal is a 5-6 year deal at 5.3 million per. The years on the end were never intended to be exercised unless Mr Luongo picks up a vicious crystal meth habit.

That's a damn solid deal for a top 5 goalie.
 
MindzEye said:
At present, Luongo's deal is a 5-6 year deal at 5.3 million per. The years on the end were never intended to be exercised unless Mr Luongo picks up a vicious crystal meth habit.

That's a damn solid deal for a top 5 goalie.
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I do agree that the deal makes more sense for the Leafs. Money-losing teams wouldn't want to touch it as his actual salary is higher than his cap hit for the next 5-6 years.

Still, I'm of the belief this isn't the move to make. I'd rather just keep rebuilding. With Luongo, we could end up finishing 9th, which is something I don't want to see.
 
Still, I'm of the belief this isn't the move to make. I'd rather just keep rebuilding. With Luongo, we could end up finishing 9th
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I disagree intensely. We're coming up to a crossroads where our best players are reaching the ends of their contracts. We've got a good pile of young talent both on the roster, and in our criminally under rated prospect system. It's time for this group to start playing meaningful games...and the easiest way for that to happen is to add a top 5 goalie. Luongo doesn't make us 9th, Luongo makes us 3rd-6th. .920 goaltending makes a world of difference.
 
MindzEye said:
At present, Luongo's deal is a 5-6 year deal at 5.3 million per. The years on the end were never intended to be exercised unless Mr Luongo picks up a vicious crystal meth habit.

That's a damn solid deal for a top 5 goalie.
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Ahh, this old argument. It's only 5 or 6 years. Well, I suppose that's more accurate now at least, if/when this current season gets wiped out. But if we do play this season, Luongo will be playing out at least seven more years of this deal. There's not a chance in hell he'll retire at 38 years of age, when he's slated to be paid $6.7M that season. And then I also seriously doubt that he'll retire at 39 years of age, when he'll be slated to be paid another $3.4M.

So, let's not try and play down what our commitment would be here. Even if we ignore the (likely) three bogus $1.6M, $1M, $1M seasons at the end of this contract, it's still $37.1M worth of cap hit spread over at least seven seasons for a goalie that's already three years on the wrong side of 30. That's a huge financial commitment, and one that's not without risks.
 
LeafGm said:
Ahh, this old argument. It's only 5 or 6 years. Well, I suppose that's more accurate now at least, if/when this current season gets wiped out. But if we do play this season, Luongo will be playing out at least seven more years of this deal. There's not a chance in hell he'll retire at 38 years of age, when he's slated to be paid $6.7M that season. And then I also seriously doubt that he'll retire at 39 years of age, when he'll be slated to be paid another $3.4M.

So, let's not try and play down what our commitment would be here. Even if we ignore the (likely) three bogus $1.6M, $1M, $1M seasons at the end of this contract, it's still $37.1M worth of cap hit spread over at least seven seasons for a goalie that's already three years on the wrong side of 30. That's a huge financial commitment, and one that's not without risks.
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Well, in fairness, it's an excellent argument. Luongo won't play "at least" 7 more years of his current deal. He'll play a maximum of 7 years, with it being pretty ****ing unlikely that he sticks around for 3.4 million at 39 years old to get through the 7th season. Not to mention the ability to send him to the AHL should he not be worth the money/cap hit at the time.

The odds of Luongo being good into his late 30's is pretty high, with the likely increase in salaries again after this bullshit is over with, a 5.33 million dollar cap hit with 80+ million dollar caps in 3-5 years won't be bad at all.

Would the Leafs be smart to sign Luongo to a 7 year deal with an average cap hit of 5.33 million dollar, with no NTC or NMC, right now? They would be ridiculously stupid to pass on it.
 
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