LUONGO!!!
Informally known as the Luongo rule...
CAP ADVANTAGE RECAPTURE (Roberto Luongo Rule)
Teams receiving a “cap advantage” from long-term contracts — defined as seven years or more for contracts signed prior to the January 2013 CBA — will be penalized in the event the player retires or “defects” from the NHL before the contract expires. A team receives a “cap advantage” when the player’s actual salary exceeds his cap hit in a given year.
Following retirement/defection, the “advantage” will be “recaptured” and charged against the club’s cap in equal amounts each year until the contract expires. This penalty applies to any team that received a cap advantage from the contract — ie. a traded contract — except in the event that the trade occurred prior to the new CBA coming into place in January 2013.
[ Edit: June 2, 2013 ] Teams do not receive a credit for net negative cap benefit (where cap hit exceeds salary over the course of the contract prior to retirement). However, in calculating net “cap advantage,” teams do receive a credit for seasons in which cap hit exceeds salary.
Please note, contracts that fall under the "over-35" rule do not qualify for cap benefit recapture, the NHL has confirmed. In these cases, the team is charged with the player's full cap hit.
Also note, the 2013 CBA defines "Long-Term Contracts" in Section 50.5 (c) (ii) (A) (P. 265) as any contract entered into prior to the execution date of the agreement that has a term in excess of six years, meaning all contracts signed after the lockout are not subject to recapture penalties.
Here's a sneak peek at the Oilers scouting department:
Tim Murray has a reputation as a guy with a good eye for talent.
Probably a little better than the Jackets' old scouting dept:
But did he say where?
Here's a sneak peek at the Oilers scouting department:
