The NHL has set a clear precedent when it comes to the application of recapture penalties – but it still feels next-to-impossible that they’d actually follow through on tagging the Preds with a $24.5 million ticket. Teams Without a 1st Round Pick: 16th Overall Available? But if the captain decides to call it quit, it’s the Predators that will be sweating it out. Yes, if Weber plays through his entire contract, the Canadiens will be “stuck” with his $7.8 million cap hit all the way through. In many ways, this seems like the most likely outcome in the case of an ill-timed Weber retirement – and that’s where implications for the Vancouver Canucks come back into the picture. Analytical Cookies also help us measure the performance of our advertising campaigns in order to help us improve our advertising campaigns and to optimize our Services' content for those who engage with our advertising. #Canucks GM Jim Benning on appealing cap recapture penalty: "We talked to the league, the rules are there for a reason. 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. This is because his contract is insanely front-loaded: He makes $14m each his first four years and only $1m per year in his last three seasons. Unfortunately, it’s a little too late for that. It’s tough to imagine a situation in which the $24.5 million penalty comes to pass, and thus it’s tough to imagine a situation in which Jim Benning isn’t proven retroactively correct about the faultiness of the rule. Must read content, player grades, stuff you can't get anywhere else. For more information about Cookies and how to adjust them, please see our. If you're a #Predators fan, pray Shea Weber doesn't retire before his contract expires. The Cap Recapture Penalty (CRP) basically tracks the “cap benefit” introduced by a contract’s salary structure. There’s not much precedent for such a set of circumstances, but there is a history of NHL teams being compensated with draft picks for various injustices – and that seems like a probable outcome if and when this situation comes to pass. So if someone wants to bring up the “doing the right thing” or “owing the Preds“, it’s not the case… as it wasn’t for Roberto Luongo. Sorry, your blog cannot share posts by email. Between Loui Eriksson’s $6 million pressbox gig and more than $3 million for the demoted Sven Baertschi and the bought-out Ryan Spooner, the Vancouver Canucks have a lot of dead cap space. Regarding Shea Weber trade talk and cap-advantage recapture New, 27 comments Tim Panaccio conducted a mailbag on Sunday in which he hypothetically asked what people would trade for Shea Weber. Already have the app? Just create an account, no credit card required! Enter your email to read this article for free. These Cookies are necessary for the performance of the Services and may not be removed. The precedent of the LA Kings, Vancouver Canucks, and others who will have paid recapture penalties by the time Weber retires would seem to preclude the Predators from somehow getting out of paying the toll. With Roberto Luongo announcing his retirement from the NHL today, the #Panthers and #Canucks will both incur a recapture penalty in the next 3 seasons:#Panthers: $1,094,128 per season#Canucks: $3,033,206 per seasonhttps://t.co/i1qFrgvKbv pic.twitter.com/eiHOl0a83v, — CapFriendly (@CapFriendly) June 26, 2019. 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. In 2020-1, Weber will earn a base salary of … https://t.co/XX9h44Ncs0, — Matthew Sekeres (@mattsekeres) June 27, 2019. We knew it might happen and we planned accordingly. These Cookies allow us to understand how visitors use our site. Bergevin Has Already Improved the Habs But How Much Better Will They Be? It’s important to note that the Net Cap Benefit will go to $0 after the contract completes. Well it all depends on if Shea Weber ends up retiring before his contract expires and if so, how many years are left on his contract. Back on June 26th, goaltender Roberto Luongo announced his retirement after 19 seasons in the NHL. pic.twitter.com/lRgFmg5FU1. Backstrom's contract expires next July and Ovechkin's in 2021 so the Capitals have no fear of cap recapture there. Jim Benning and Co. made a concerted effort to lobby the NHL against following through on their promise of punitive measures against ludicrously front-loaded contracts, no doubt arguing that the league applying penalties to contracts that had previously been deemed acceptable by the league themselves was inherently hypocritical. The cap hit applied to the Canucks as a result of Luongo’s retirement is certainly an annoyance – and it could one day make the difference between the team landing a key free agent or retaining one of their talented young players. ... Shea Weber’s contract – Source: Capfriendly.com. It would make for bad business and even worse optics, especially if Nashville were competitive at the time and forced to auction off assets to compensate for their sudden misfortune.
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