So, to bring the cap hit down to a more digestible number, they gave him another $6 million over an additional four years, keeping him under contract until he is 40. The Devils are lucky that Kovalchuk retired as early as he did, as the cap charges could have come close to 5 million per year for five years after he retired. Principally, a penalty can’t be bigger than the participant’s cap hit was. Here's the excerpt that specifically applies to Weber, A source told The Athletic's Pierre LeBrun it's nowhere close to Luongo's former salary, guessing it's around $200,000. Good trade for them. I mean their cap advantage would be reduced the longer he plays (assuming he stayed with the preds of course, now they don't have that advantage anymore), so the penalty should also reduce the closer he gets to the end of the contract. In Luongo's case, Vancouver got tagged the hardest because the team signed him to that long-term contract. Ilya Kovalchuk, Marc Savard, Chris Pronger, Marian Hossa, Henrik Zetterberg, Mike Richards, and Roberto Luongo are among the number of high profile players to have signed these now illegal deals. Montreal could be impacted by these cap penalties as well, but as long as Weber plays until he is 34, they should avoid them, and they do not impact them as much as Nashville's, not even reaching $500k against the salary cap. Yesterday I introduced Part 4 of my series on the Cap Advantage Recapture Penalty (CARP), detailing a way the League could help the Predators out of their Shea Weber cap advantage situation using available cap space in previous seasons. Shea Weber brought so much joy to Nashville Predators fans over many seasons, but now he might bring so much pain. In some cases, this would actually end up being a bigger cap hit than the original contract called for. Weber, 32, will be 40 when his current deal expires. The way it has been going, they will have to make a “career ending LTIR” in the next CBA for players that legitimately are hurt/unable to play that lifts the burden of a dead contract/cap space. colleges, Males to serve lower than two years for ‘unprovoked gratuitous violence’, Climate forecast, alerts and UVB index for London, Friday 16 October 2020, Learn the complete transcript of Joe Biden’s ABC Information city corridor, TTC recalling remaining furloughed workers – Toronto, Czech Republic’s new COVID-19 circumstances hit one other one-day file, Wall Road réduit ses pertes, mais finit en baisse. On the surface, the Weber for Subban swap is a clear win for Nashville. With an AAV of $6.67 million, that equated to 20 million dollars over those three years in AAV, when he was paid $23 million. How that figure was calculated was looking at the total amount of money Kovalchuk was paid during those first 3 years of the 15 year, $100 million contract, and then looking at how much it exceeded the Average Annual Value for those three years. *This story was originally published on June 30th, 2016 just days after the trade occurred. Meanwhile, Luongo's back to drawing paychecks from the Panthers. The Ilya Kovalchuk 17 year 102 million dollar contract was the straw that broke the NHL's back, and upon his early retirement, the New Jersey Devils were stuck with a $250k cap recapture charge. Nashville, Shea Weber and the Cap Advantage Recapture Penalty (CARP). Shea Weber The Cap Recapture Penalty (CRP) basically tracks the “cap benefit” introduced by a contract’s salary structure. ... and thus was born the ominous recapture penalty. Weber had been with the Nashville Predators since he was drafted in 2003, but he was a restricted free agent and the Flyers tried to pry him away from a smaller market team by giving him lots of cash up front, followed by a handful of years far below his average salary at the end. An entire 6 man defense group of Subban, Josi, Ekholm, Ellis, Jackman, Bitetto signed for less than the maximum recapture penalty that the Predators could face. !function(f,b,e,v,n,t,s) (window,document,'script','https://connect.facebook.net/en_US/fbevents.js'); This gave him a cap hit of just over $7.5 million since that would be his average salary for the following 14 years. Those numbers are bad enough, but it's the penalties in the final three seasons that's concerning. The recapture penalty. The CBA instituted a cap recapture penalty as a way of penalizing those who, in their view, openly circumvented the salary cap by adding on years with such a low salary that it couldn’t reasonably be expected that the player would actually play out the full contract.  In Weber’s case, he makes $106MM of the salary in the first 10 years of his contract and just a total of $4MM in the final four years combined. And they have to pay that salary cap recapture penalty spread out across how many years are left on … New comments cannot be posted and votes cannot be cast, More posts from the stevedangle community, Press J to jump to the feed. The point is his cap … Today I will provide a more simple and perhaps more likely solution to the Predators’ possible future woes. After retiring over the summer after 19 NHL seasons — including 11 years with the Florida Panthers and eight years with the Vancouver Canucks — goaltender Roberto Luongo rejoined the club as a special advisor to general manager Dale Tallon this month. February 22, 2018 at 12:30 pm CDT ... Wouldn’t there be a cap recapture penalty had he retired as a Predator? Log in Register, Pro Hockey Rumors is not affiliated with National Hockey League, NHL or NHL.com, PHR’s 2020 Top 50 NHL Unrestricted Free Agents, shut down due to a season-ending foot injury in 2018, Jack Johnson, Columbus Blue Jackets Recently Discussed Extension, Corey Crawford Signs With New Jersey Devils, Canadiens To Loan Jesperi Kotkaniemi To Finland, New York Rangers Agree To Terms With Alexandar Georgiev, Carolina Hurricanes Re-Sign Steven Lorentz, Nashville Predators Still Considering Free Agents, Florida Panthers Re-Sign Philippe Desrosiers. So, if Weber had been to retire after the 2024-25 season, the Predators would nonetheless be hit with a $24.5 million greenback penalty. Since the cap hit is the average salary of a player during his contract, this would greatly reduce the cap hit for the duration of the deal. Most could play out the remaining term of their respective deals. Yes, Weber was 27 years old and one of the top defensemen in the league, but the contract was top-heavy and carried a $7.86MM cap … Should Predators be worried about Shea Weber's health, cap recapture? That has led to Weber being paid $24,571,428, giving the Predators a cap hit that is over 6 million less than what Weber was compensated, leading to a fairly bleak cap recapture scenario. Press question mark to learn the rest of the keyboard shortcuts. No Comment, Shea Weber’s Potential Cap Recapture Penalty Amended, Download Best WordPress Themes Free Download, Walmart to unfold out offers to keep away from Black Friday crowds, Mary (Carter) Cobb | Information/Discuss/Sports activities 94.9 WSJM, ‘It shocked us all’: Union involved as extra COVID-19 circumstances detected in B.C. Nonetheless, it may get to the purpose the place his cap hit is an obstacle and he’s now not an efficient NHL defender. Suffice it to say, GM David Poile is taking on a big potential risk down the road if Weber does indeed decide to retire before his contract expires.  Had Weber stayed with the Preds longer, eventually the difference between salary and cap charge would have shrunk, lowering their potential exposure to recapture.  But clearly Poile feels the reward is worth it to add Subban to an already dynamic group of defensemen in Nashville. Subban trade.  Despite the fact that Weber is gone, the Predators could still very well be on the hook for a sizable cap hit several years down the road. If Weber were to retire with just 1 season left on his deal, they would have to take the entire $24+MM penalty in 2025-26. DETROIT, MICHIGAN – FEBRUARY 18: Shea Weber #6 of the Montreal Canadiens. When Shea Weber signed a 14-year, $110MM offer sheet from the Philadelphia Flyers in 2012, everyone knew right away that it would end badly. A few days ago u/ChocolateAlmondFudge offered a fantastic explanation of the Cap Advantage Recapture penalty as explained by the most recent CBA. The final column represents the cap hit for Nashville after the AAV is paid each year until 2026. That leaves eight — Weber, Keith, Parise, Suter, Crosby, Carter, Quick and Staal — with the potential to create cap-recapture headaches down the road. It meant that if players retired before their deal expired, a formula was used to reapply “savings” made over the life of the contract to the team’s salary cap as a penalty over what would have been the remaining years of the initial contract. But anyway, it doesn’t negatively affect the Leafs, so I guess I’m cool with it. ... there was always the drawback of recapture penalties. Ever. And for Vancouver general manager Jim Benning, the situation is less than ideal. The interesting thing here is Weber signed the contract with the Flyers, but since the Predators matched the offer, they technically signed him which meant the cap recapture penalty would be issued to Nashville. Parise and Suter have identical deals and each carry a total penalty of $19.37 million should they retire early. If the NHL decides not to apply the cap recapture penalty to the Nashville Predators in the even of Shea Weber’s retirement – or if they decide to apply a reduced penalty, or any other sort of altered punishment – then the Canucks will have serious cause to petition for some compensation. The former Canucks goalie retired last year after playing five seasons with the Florida Panthers, but the bulk of the penalty was still applied to the Canucks’ cap, just over $3 million for each of the three remaining seasons on Luongo’s contract. “I wanted to voice our displeasure with the whole thing,” Benning told the Vancouver Sun's Ben Kuzma. The change to the rule wouldn’t have helped Vancouver in any respect, nevertheless it merely spreads out what may have been an unlimited single season penalty over a couple of years. The people writing rules are almost never as smart as the people who want to find ways around them. Under the funky math of cap recapture it was deemed to have “saved” $9 million against the cap. ", Taken from: https://www.prohockeyrumors.com/2018/02/examining-salary-cap-recapture-in-the-shea-weber-trade.html.

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