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New CBA helped make Pominville trade possible

Apr 6, 2013, 3:41 PM EDT

Newly acquired forward Jason Pominville #29 of the Minnesota Wild skates during warm-up prior to the NHL game against the Los Angeles Kings at Staples Center on April 4, 2013 in Los Angeles, California.
(April 3, 2013 - Source: Victor Decolongon/Getty Images North America) Getty Images

As the trade deadline approached, the Minnesota Wild had significant interest in former Buffalo Sabres captain Jason Pominville and were willing to give up a lot to get him.

The only problem was that the Wild didn’t have enough cap space to afford the remainder of Pominville’s 2013 cap hit. In the old CBA, fixing that problem would have required some creativity on the part of the general managers. Now it’s a bit simpler.

The Buffalo Sabres agreed to absorb 15% of the Pominville’s remaining cap hit for both this and next season, according to Cap Geek and the Star Tribune.

That helped keep the Wild $100,000 under the cap for the rest of this campaign while also giving them a little extra breather room for the 2013-14 campaign.

Under the new CBA teams can absorb up to 50% of a players’ annual cap hit/salary when the person in question is traded.

Pominville isn’t the first player to be subject to this new rule, but he is nevertheless a high-profile example of a struggling franchise using this tactic to allow a win-now club to stock up talent in a manner that wasn’t quite as feasible before.

  1. patrickhelper - Apr 6, 2013 at 3:45 PM

    It’s nice that the NHL allows this to happen now. I’m happy Pommer is not a Sabre any more, his relaxed attitude was hurting the team. I think the Sabres need more out of a leader. .

  2. ray2013 - Apr 6, 2013 at 4:18 PM

    I mentioned this in the Lu post, but it bears repeating here:

    Lu, at age 34, is owed $38 million over his next seven years, and $40 over his next nine years. If the Canucks really want to trade Luongo and get some assets back, they’re going to have to take a percentage of that $40 million dollars so that the risk of taking on that remaining nine years gets lessened for the team trading for him. Alternatively, the Canucks could swap Luongo to a team that throws in one of their own horrible contracts (like Komisarek maybe?).

    If the Canucks hypothetically agreed to keep half of the contract, would you trade for Luongo? If you peg him as your starter the next five years, and a back-up the next four years, then $3.37m for five years, and $875k the last four is very manageable. They’d have a cap hit of around $2.7 million the next five years. If the Canucks kept around 40% of Luongo’s contract, you’re still looking at a salary of $4 million/year with a cap hit of around $3.2 million a year for the next five years.

    It’s the only way the Canucks are going to move Luongo, in my opinion. (Either that, or eat a very bad contract themselves).

    To the original subject of the article; good trade for the Wild. Hopefully it leads to some success in the playoffs.

  3. ray2013 - Apr 6, 2013 at 4:23 PM

    Actually at 50% the team trading for Luongo would have a cap hit of $2.7 m for the next nine years, but the last four years they’d pay him less than their actual cap hit. And at 40%, the trading team would have a cap hit of $3.2 million the next nine years but in the last four years pay much less.

    He’d have some cap value his last four years, since you’d pay less than $1 m/year but get credit for $2.7/$3.2 m especially for teams near the cap floor.

    I’ll now shut up about this contract. Have a nice day.

  4. odj810 - Apr 6, 2013 at 5:12 PM

    how does this guy get compared to patrice bergeron when people question his heart? what a joke.

  5. 19to77 - Apr 6, 2013 at 5:20 PM

    Don’t the Canucks still have both of their cap-hit-free buyouts, too? I get that Ballard’s eating one, but Luongo could eat the other if in the end Mike Gillis just doesn’t feel he’s getting enough in any available trade.

    • ray2013 - Apr 6, 2013 at 6:27 PM

      They could buy him out too. That would be the best for Luongo; he could get his salary guaranteed, and pick the absolute best situation for himself at a very reasonable price. But then MG comes off looking like a total idiot. When the option requires someone admitting that they made an idiot mistake, I generally assume that’s the deadlast option. He’d rather save face.

      • TestSubjekt - Apr 7, 2013 at 8:38 AM

        Doesn’t he already look like an idiot?

        If I sign someone to a 12 year extension I would want him to be the starter for the majority of that time. I wouldn’t want him sitting on the bench earning those millions

  6. ray2013 - Apr 8, 2013 at 2:20 AM

    @Test: You’re right he does look like an idiot. I think we’d need to invent a dozen-step levels of idiocy scale to chart how bad of an idiot MG has been in this gong show.

    To put everyone through the wringer for over a year only to buy out Luongo after all of this talk about getting a fair value for Luongo for a year? That seems to go beyond just idiot to a whole different level of idiocy. Just get it over with, MG.

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