Jared Cowen on waivers for purpose of a buyout
- Thread starter GhostofPotvin29
- Start date
bustaheims
Active member
TBLeafer said:
Overall - which is a completely useless number. You don't get to bank what you don't use and apply it to next year. The fact that total cap impact over two season is $100K makes it sound nice and all, but, being that things don't work that way, it's a garbage number.
The difference next season is a shift of $1.4M.
bustaheims
Active member
Bill_Berg said:
It's a completely meaningless number. Don't stress over it.
bustaheims
Active member
Al14 said:
Meaningless to anyone, really. It doesn't represent anything that can actually be applied by fans or the team. It's the difference between the absolute value of credit this year and the cap hit next year. It's a number than can really only be used as spin.
bustaheims
Active member
Al14 said:
No, because the $100K number isn't involved in any actual cap calculations. The numbers they'd be interested in are $650K in credit this year, $750K in penalties next year, and the $1.4M difference in available cap space from this season to next season.
Britishbulldog
Active member
I find it interesting how quickly after the Chicago/Bickell trade was completed that Cowen was put on waivers.
I guess no one in management thought he would be a good 3rd pairing with Carrick as a tough LD.
I guess no one in management thought he would be a good 3rd pairing with Carrick as a tough LD.
Al14 said:
He's wrong in this case though. Presently, meaning as of right now, Cowen currently is costing us $3 100 000 against the cap. We aren't just about to clear $650K off the cap as he is under it presently. We are about to clear $3 750 000 against the cap. That is what is about to come off our cap as soon as we buy him out. His buyout going against the cap next season, compared to this one after the buyout? A mere $750K, compared to the $3 100 000 we would have had to pay him this season.
The difference is $100K.
bustaheims
Active member
TBLeafer said:
You really need to check your math on that one, because, what you're suggesting does not leave a difference of $100K - they make a difference of $3M, which is also a meaningless number, because the cap doesn't work that way. Also, that $100K number is still meaningless. The individual season cap numbers are what have meaning. The only numbers that matter are the $3.1M the Leafs will shed regardless of whether or not they trade Cowen, the $650K cap credit that goes to the team that buys him out (which can be added to the Leafs total savings, if they retain him - but, these are the only numbers that can be added for any meaningful purpose), and the $750K cap penalty next season that stands on its completely on its own.
herman
Well-known member
TBLeafer said:
I thought busta explained it quite clearly already, but some people might need to see the calculation.
100k figure comes from subtracting 650k from 750k as if they could be netted out; unfortunately they occupy different caps: 2016-7, and 2017-8, so they can't be directly compared that way.
The true comparison is the year over year difference in salary cap hits for 2016-7 and 2017-8.
With the Cowen buyout, it would be:
2016-7: X - 650k
2017-8: X + 750k
Where X is the Leaf Cap hit not including Cowen, and assuming it is equivalent for the two years (it won't be, but since we're only talking about Cowen's buyout, that's how we isolate the variables).
YoY = [2017-8] - [2016-7]
= (X + 750k) - (X - 650k)
= + 1.4M
There will be a 1.4M increase in the cap hit going from 2016-7 to 2017-8 in the team that buys out Cowen's contract, if all other things are equal.
bustaheims said:
That's right. The guys that write articles over at MLHS are a bunch of idiots that don't know what they are talking about and you are smarter than all of them.
The overall cap cost difference of a credit of $650K off the cap and a charge of $750K against the cap is $100K and yes it really can be that simple.
-650k in 16/17
750k in 17/18
That is what the buyout cap hit will be
Leafs save 3.75M in cap room this season and lose 750k in cap space the following season. They will also save 3.0M in real dollars
If a team were to acquire him to buy him out they would 650k in cap space in 16/17 and lose 750k in 17/18. This would cost them 1.5M in real dollars. I don't think this is an attractive option to a team looking for cap savings.
I don't see the reason to combine the years when it comes to the cap hit savings.
750k in 17/18
That is what the buyout cap hit will be
Leafs save 3.75M in cap room this season and lose 750k in cap space the following season. They will also save 3.0M in real dollars
If a team were to acquire him to buy him out they would 650k in cap space in 16/17 and lose 750k in 17/18. This would cost them 1.5M in real dollars. I don't think this is an attractive option to a team looking for cap savings.
I don't see the reason to combine the years when it comes to the cap hit savings.
Bill_Berg
Active member
TBLeafer said:
But why should that number of 100k interest us? I care more about the 650k credit in 16-17 and the 750k hit in 17-18. The fact that the difference between those numbers is 100k might care to a guy paying the bills somewhere, but for the fans? Why do I care that the difference between 650 and 750 is 100?