bustaheims
Active member
http://flyers.nhl.com/club/blogpost.htm?id=18660
Bryzgalov bought out.
- Thread starter bustaheims
- Start date
Corn Flake
New member
lolololol
Corn Flake
New member
queue Luongo trade in 3....2....1...
bustaheims
Active member
Zee said:
2/3 of remaining salary paid out over twice the remaining years on the contract, but, it's a compliance buyout, so, no cap hit.
bustaheims
Active member
Corn Flake said:
I was thinking the same thing. The Flyers are one of the few teams crazy enough to take on that contract.
Corn Flake
New member
Boy I won't ever get tired of the Flyers gong show. So entertaining and bizarre.
I wonder what the total $$ is for ridiculous post-cap long-term deals signed by Philli that are either no longer on their team, on LTIR or now bought out.
Carter, Richards, Pronger, Hatcher(?), Bryz, Briere, Rathje.. etc?
I wonder what the total $$ is for ridiculous post-cap long-term deals signed by Philli that are either no longer on their team, on LTIR or now bought out.
Carter, Richards, Pronger, Hatcher(?), Bryz, Briere, Rathje.. etc?
Corn Flake
New member
Peter D. said:
I guess they deserve... credit ... for that. Problem with Luongo is it won't just be money if it goes south on them again. It will be a significant cap hit.
They could probably use their money in better ways if they weren't so busy getting out from under ridiculous contracts. $23 mil to Bryz, plus millions paid to Pronger and others before him who were risky acquisitions that blew up in their face.
bustaheims
Active member
Zanzibar Buck-Buck McFate said:
By the time the Leafs are at the point where they might trade Reimer, the Flyers will have already gone through 3 or 4 starting goalies.
Peter D.
Moderator
Corn Flake said:
Hey...I'm not making excuses for their inability to manage the cap and giving out ridiculous contracts. None of us mind seeing them squirm as they are.
But there's only a handful of teams, if that, willing to swallow as much money as they are. Heck, it wasn't too long ago we hoped the Leafs would flex that type of financial muscle to correct themselves of previous mistakes and do whatever it takes, and whatever cost, to make the team better.
Corn Flake said:
I wouldn't laugh at the Flyers. In fact I'm rather jealous. They have made all of those deals, but they have had negligeable impact in terms of on-ice performance/cap constraints. In contrast, the Leafs have $2 million in empty cap space due to Tucker and Armstong this year. That $2million could be used to improve our team in a variety of ways this coming year (eg: our 3rd line could have a $3.5 million guy like Mac vs. a 1.5 million guy). The Flyers have never had $2 million in dead cap space. Arg! They've gotten off scott free.
Carter, Richards -- beneficial. It made those assets valuable because they were signed for a long time and the Flyers got a great deal of assets back for them. (You can argue they shouldn't have made the trade but the fact that the contracts were long ensured they could trade those guys for as good a value as they could get).
Pronger -- never felt the cap hit due to LTIR (except perhaps minimal constraints due to tagging room over the summer, but I don't think that actually prevented any deal from happening did it). The injury saved them from him retiring.
Hatcher, Rathje -- never felt the cap hit
Briere -- beneficial -- they had him at a lower cap hit than it would have been otherwise and instead of paying the price in his declining years, they get to junk him for free
Bryz -- a bad financial signing, but they weren't hurt by it (in terms of cap space)
I wish the Leafs had been able to use their financial might this effectively but Burke never wanted to play the system.
Corn Flake
New member
bustaheims said:
Yeah I'm assuming in Mason they have plans to return to their "wing and a prayer" method of filling the most critical position on the team. And as per usual in Philli, they will luck out and somehow it will work out perfectly for them.
Corn Flake
New member
princedpw said:
I was merely observing how much $$ in contracts they have signed that are no longer part of the team, whether or not there is cap hit involved or not. They have spent all sorts of millions on a bunch of players on LTIR and now buyouts, not to mention trades which yes they got assets back in and did okay... except without Richards and Carter they haven't been the same team.
You wish Burke played that system but which big city team is flush with cap space and looking to buy one or two of those bad deals to land a stack of assets in doing so, and not saddled with horrible massive contracts? US!!
Yeah, it's only money but a $23 mil mistake they just bought out, cap hit or no cap hit, reeks of mismanagement and would concern the heck out of me going forward if I was a fan. Imagine that kind of stuff going on here? That, on top of the many other iffy looking trades recently (JVR/Schenn, Bobrovsky/Picks OOPSIES), and they are eroding their once very rich looking future.
Like some other teams have indicated, these freebie amnesty buyouts are a big help to teams who have done a crap job at signing the wrong players recently. If not for these buyouts they wouldn't be able to use money to bury their huge mistakes.
dappleganger
Active member
Cue the Luongo to Philly rumors.
Guru Tugginmypuddah
Active member
Corn Flake said:
To the Flyers, Rangers, Leafs and teams of that ilk, $23 million is really chump change. If there was no salary cap, I would estimate the Flyers, Rangers, Leafs and the like would have payrolls well over $100 million. Pre 2005 lockout, Flyers spent $68 million on payroll in 03/04. That's almost 10 years ago, and revenue is up significantly in the last 10 years.