That's a little odd. Even if they wanted him on the Marlies, he'd be a prime conditioning stint candidate (assuming he agreed, which I can't see why he wouldn't).
Cowen placed on waivers
- Thread starter CarltonTheBear
- Start date
That's a little odd. Even if they wanted him on the Marlies, he'd be a prime conditioning stint candidate (assuming he agreed, which I can't see why he wouldn't).
dappleganger
Active member
Well, players have to be placed on waivers before they can be bought out but I'm not sure the timing lines up for that considering the buyout period is in the off-season.
WhatIfGodWasALeaf
Active member
That's a strange one.
Giving away an asset for free here, no?
Perhaps he refused to go on the IR and they need the roster spot for pending trades.
Clune to the Marlies too.
Giving away an asset for free here, no?
Perhaps he refused to go on the IR and they need the roster spot for pending trades.
Clune to the Marlies too.
bustaheims
Active member
Leafs trying to hoard all the cap space?
His cap hit probably means he clears, even with the buyout credit. Also, having him clear waivers now means that, if he is traded, the team picking him up doesn't have to worry about doing the same.
His cap hit probably means he clears, even with the buyout credit. Also, having him clear waivers now means that, if he is traded, the team picking him up doesn't have to worry about doing the same.
Patrick said:
I wouldn't be surprised if he clears, because even if teams value his credit they might not think it's worth taking on his cap hit for the rest of the season. Unless of course it's a team that thinks they can claim him now and then trade him in the offseason. I guess we'll find out how much teams value that credit.
bustaheims
Active member
Patrick said:
He was on the IR until this morning.
bustaheims
Active member
Dappleganger said:
He'll have to be placed on waivers during the buyout period to be bought out, so, no, this has nothing to do with that.
WhatIfGodWasALeaf
Active member
bustaheims said:
I meant LTIR. (cap relief)
bustaheims
Active member
Patrick said:
That's not really his choice, and, in a way, it's not really the team's, either. If he's healthy enough to play, he gets activated. If he's not, grievances get filed, the league can get involved, etc. It can get ugly and it's just not worth it. Also, the Leafs aren't exactly in need of cap relief, and the amount that he'd offer is pretty negligible at this point.
louisstamos
Active member
Quasi-conditioning stint?
But I think yeah - maybe his cap credit isn't as valuable as initially perceived.
But I think yeah - maybe his cap credit isn't as valuable as initially perceived.
bustaheims
Active member
Nik the Trik said:
On it's own, it doesn't have much value, no. The value comes from being able to shed a contract as part of the deal on top of the credit. $650K in extra cap space is really just injury insurance wiggle room. Being able to move a $3M+ contract and get that extra $650k? There's value in that. Not huge value, but maybe enough to get a 3rd round pick instead of a 4th, or something like that.
bustaheims
Active member
Nik the Trik said:
Nope. Also, having him clear waivers now can also help facilitate a trade. The team that acquires him can send him to their AHL team immediately, so they don't have to take on the entirety of his cap hit at any point. So, any team that trades for him doesn't have to worry about creating the full pro-rated value of $3.1M in cap space just to have him on their roster for 24 hours. They only have to create enough to cover ~$2.2M - and, while that may not sound like much, it could be the difference between them being able to add that extra depth player they're looking for or not.
Frank E
Active member
I guess it would seem that they're trying to make Cowan more appealing then...and worst case scenario is that he gets grabbed, but who cares really.
Or they've got a deal in place to somewhere like Chicago, and they'd only take him if he's already been waived because of the cap space implications that have been mentioned.
Or they've got a deal in place to somewhere like Chicago, and they'd only take him if he's already been waived because of the cap space implications that have been mentioned.
dappleganger
Active member
louisstamos said:
I'd agree with that.
WhatIfGodWasALeaf
Active member
Bill_Berg said:
The team claiming him would need to then waive him if they wanted him in the AHL, thus risking losing him if another team claims him on waivers and losing his potential cap credit.
If the Leafs waive him and he clears and then they trade him, his new team can leave him in the minors, save the 950k against the cap this season and still get his credit next season after buying him out in the summer.