Blackhawks Ink Patrick Kane & Jonathan Toews To Eight-Year Extensions

[thedddd]

Not only is it too late, but Chicago used both their buyouts. Only regular buyouts now.

Apparently not:
Chicago Blackhawks Buyouts remaining: 0. After using their buyouts last summer on Rostislav Olesz and Steve Montador, the Hawks have no more get-out-of-jail-free cards

Crap I forgot they used both. Well then Hawks good luck with that.

 

[Nasty_Magician]

Now Lou signing Marty Havlat makes sense. He's gonna trade him for Marian Hossa!

Again, we can't get Hossa. The league will pop us for cap circumvention.

 

[forty_three]

No he's coming to Vancouver

You spelled "Columbus" wrong.

 

[Judge Fudge]

You spelled "Columbus" wrong.

I Did. Ah Snap

 

[dash]

Real_ESPNLeBrun: Vacation tweet: Note that Kane/Toews deals are front-loaded as well as the fact they include $44 million each in signing bonuses

Real_ESPNLeBrun: So $44 M of the $84 M is in signing bonuses...

 

[Judge Fudge]

Real_ESPNLeBrun: Vacation tweet: Note that Kane/Toews deals are front-loaded as well as the fact they include $44 million each in signing bonuses

Real_ESPNLeBrun: So $44 M of the $84 M is in signing bonuses...

So that means what to the simple minded folk like me????

 

[dash]

So that means what to the simple minded folk like me????

Basically that the Hawks are paying the bulk of the money in the first few years of the contract and if they need to unload one of the guys down the road (I'm thinking Kane more likely than Toews), a team wouldn't be on the hook for all that much salary but would also reap the benefit of a pretty good cap hit for cap floor purposes.

 

[Judge Fudge]

Basically that the Hawks are paying the bulk of the money in the first few years of the contract and if they need to unload one of the guys down the road (I'm thinking Kane more likely than Toews), a team wouldn't be on the hook for all that much salary but would also reap the benefit of a pretty good cap hit for cap floor purposes.

Ah ok.

This only makes their cap worse

 

[dash]

Ah ok.

This only makes their cap worse

Starting in the 2015-16 season (the Hawks are obviously hoping that the cap reaches $80 million or gets darn close by then - I think they're going to come up a few million short).

 

[anotheridiot]

nobody knows what the numbers are gonna be, could be 7.5 and go up a half million each year. We wont know what effect the cap will have until we see how the deals are split. Its all talk now, I doubt 10.5 being an average number means its 21 million for the next 8 years.

 

[mooger_35]

Basically that the Hawks are paying the bulk of the money in the first few years of the contract and if they need to unload one of the guys down the road (I'm thinking Kane more likely than Toews), a team wouldn't be on the hook for all that much salary but would also reap the benefit of a pretty good cap hit for cap floor purposes.

Except if there's a NMC or NTC. If so, what are the odds either wants to go to a team trying to reach the cap floor.

 

[sabresfaninthesouth]

Basically that the Hawks are paying the bulk of the money in the first few years of the contract and if they need to unload one of the guys down the road (I'm thinking Kane more likely than Toews), a team wouldn't be on the hook for all that much salary but would also reap the benefit of a pretty good cap hit for cap floor purposes.

Charles Wang's ears just perked up.

/So many wiener jokes that could be made here.

 

[dash]

Except if there's a NMC or NTC. If so, what are the odds either wants to go to a team trying to reach the cap floor.

Or Edmonton for that matter.

 

[DragonfromTO]

Basically that the Hawks are paying the bulk of the money in the first few years of the contract and if they need to unload one of the guys down the road (I'm thinking Kane more likely than Toews), a team wouldn't be on the hook for all that much salary but would also reap the benefit of a pretty good cap hit for cap floor purposes.

The signing bonuses also make it tougher to buy the contract out because you only get cap relief on the salary not the bonus money, as I imagine was the purpose of the ones in the Clarkson contract.

 

[DragonfromTO]

nobody knows what the numbers are gonna be, could be 7.5 and go up a half million each year. We wont know what effect the cap will have until we see how the deals are split. Its all talk now, I doubt 10.5 being an average number means its 21 million for the next 8 years.

The cap hit is based on AAV (average annual value) anyway, so with regard to the cap the $10.5 million per year average is the only number that really matters.

 

[anotheridiot]

The cap hit is based on AAV (average annual value) anyway, so with regard to the cap the $10.5 million per year average is the only number that really matters.

So it doesnt matter if they are front loaded and bonus money totalling whatever 40 million are paid to them over the first three years its still gonna be 10.5 per?

 

[sabresfaninthesouth]

So it doesnt matter if they are front loaded and bonus money totalling whatever 40 million are paid to them over the first three years its still gonna be 10.5 per?

Exactly. The NHL uses the total value of the contract divided by the total years regardless of how the actual cash gets paid out to the player.

They do it that way so that cash-rich teams (e.g., Toronto) or owners (e.g., Buffalo) don't get an unfair advantage by being able to pay out huge cash bonuses up front to get around the cap restrictions.

 

[Comeds]

The money is unreal, but I do think that Chicago had to sign both of them.

 

[Bloody Brian Burke]

They do it that way so that cash-rich teams (e.g., Toronto) or owners (e.g., Buffalo) don't get a totally fair advantage by being able to pay out huge cash bonuses up front to get around the dumb-as-hell cap restrictions.

Fixed. Kill the cap.

 

[sabresfaninthesouth]

Fixed. Kill the cap.

I think the cap is absolutely a good thing. I like the fact that the NHL has a system where the competence of the team's GM, scouting department, player development system, etc. determines their potential for success instead of just their ability to write huge checks.