Ohlund may be out the rest of the season

[ChaseSpace]

Originally Posted by Evan

Why does his cap hit stay on the books? He isn't an over 35er like marty.

This is what I'm wondering as well. Is it because his career-ending injury was caused by what his contract would call "contractual duties"?

[Top Shelf]

This might be where, esp. in the sport of hockey, a veteran player whose family is set for life financially thanks to this game might look at the big picture, accept his situation, and in a spirit of gratitude to the club and unity with his teammates choose to help them out and not only himself, and remove his own cap hit if he knows his playing days are over. Sticking around JUST to show up every two weeks to get paid, knowing his teammates are still pouring their guts out on the ice, taking that physical pounding every night and suffering under the enormous weight of his contract...tough to make eye contact...it'd be kind of, I dunno, less than honorable even if technically legal IMHO

[Sotnos]

Originally Posted by ChaseSpace

This is what I'm wondering as well. Is it because his career-ending injury was caused by what his contract would call "contractual duties"?

Pete is talking about if Ohlund wants a buyout instead of retiring. There is a cap hit for every player you buy out for twice the length of the remaining contract, and it would be substantial because Ohlund hasn't even hit the highest paying years yet. Linky

The theory floating around when he signed this is that he'd probably be bought out or retire the last 2 years of it when the pay drops. If we have to buy out the last 5 years, it's not going to be pretty.

[Donnie D]

I don't think the actual salary effects his cap hit. It is around $2 million a year for 8 years if he is bought out and $4 million a year for 4 years without the buyout. If he retires, I believe he doesn't get paid and his salary and cap hit go off the books. The reason they do the long term with the small salary at the end (like Vinny) is that a player may not wish to play for "only" a million and retire. The cap hit then goes away for those years, but was a smaller amount during the term of the contract because the hit is spread over all of the contract years years.

Hope that made sense and is accurate.

[Sotnos]

Originally Posted by Donnie D

I don't think the actual salary effects his cap hit.

It does in a buyout situation, what's left is what matters. The link I gave before shows the cap hit if he's bought out this upcoming June (buyouts have to be during a certain window).

[Donnie D]

I knew I'd be wrong.

[Kowalski]

We're better off eating the salary over the next couple years and dealing with the cap hit instead of buying him out in my opinion. Better to get it over with quicker. I saw him at ISF in Brandon earlier this week and I noticed the limp too.

[Evan]

If he cant play he will be eligible for LTIR, which will allow us to bring in replacement players if we go over the cap (up to what his salary is of course). Its more of, would the lightning be concerned with how much they are paying him vs cap hit restrictions..

[timothy]

Originally Posted by Evan

If he cant play he will be eligible for LTIR, which will allow us to bring in replacement players if we go over the cap (up to what his salary is of course). Its more of, would the lightning be concerned with how much they are paying him vs cap hit restrictions..

They still have to pay him his salary whether he is on LTIR or not.

[bassassin]

Originally Posted by timothy

They still have to pay him his salary whether he is on LTIR or not.

Is his contract insured? And does insurance kick in on LTIR or just retirement?