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  #251  
Old 07-01-2013, 12:42 AM
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Originally Posted by njbolt12 View Post
One hurdle (of several) to this I could see the PA contesting that if contracts can be negotiated downwards, then why not upwards?
You mean like a contract extension?

I hate seeing VL4 leave, but at $8M+ per year there was really no other choice. Also, I hope Bear Mountain gets eaten by termites. I know Barrie doesn't own it anymore, but still.
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Last edited by TexasBolt; 07-01-2013 at 12:45 AM.
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  #252  
Old 07-01-2013, 03:55 AM
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Brad Richard's Contract
 
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just came back from my honeymoon. promised my wife I won't use the internet while on honeymoon.
and the 1st thing I see is that vinny is no longer a member of the lightning. I'm shocked. this is going to be hard
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  #253  
Old 07-01-2013, 08:26 PM
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Nearly every other team in the league is looking if they can fit Vinny in under their salary cap (and show him that they are thisclose to being a Cup contender too)

http://www.prosportsdaily.com/Headli...ticleId=256682
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  #254  
Old 07-02-2013, 11:07 AM
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Quote:
Originally Posted by TexasBolt View Post
You mean like a contract extension?
Nope, I meant adjusting an existing contract for more $ in light of recent / expected future performance (particularly a medium-length contract). The ability to modify contracts a la the NFL could open up a can of worms in this regard, as some NHLers might go Darrelle Revis if they're outperforming their contracts.

But on the other hand, thinking about how a theoretical restructure of Vinny's contract might have been done, I would guess that the salary on the remaining years of Vinny's contract would have to be reduced enough to make the desired cap hit a reflection of the entire length of his 11 year deal. The salary on his $7.727M AAV deal would already decrease starting in 2016-2017, so he was going to get paid an average of $6.429M over those last seven years.

If you work along those lines, and wanted to restructure Vinny's deal so it carried a, say, $5M cap hit (this seems to be what the consensus on what a workable number might have been going forward), you'd have to pay him an average of $2.142M over those seven years, instead of $6.429M on average. In other words, he'd get $15M over those seven years instead of $45M. Ironically, that works out to 1/3 of the remaining money owed, when his buyout cost 2/3 of that amount (winds up being more because bonuses are treated differently).

(Side note: if this were to go down, another potential wrinkle would be that since the Lightning now were charged a higher cap hit in the pre-restructure seasons than would exist after it - precisely the opposite of the potential retirement recapture penalty that Mike explained - would this "overpayment" be allocated as a credit to the Lightning's cap space in the remaining years? My guess is no, but it would be food for thought.)

Anyway, this would be a pretty huge pay cut, which brings the total value of the deal from $85M to $55M, but considering Vinny pocketed $40million in the first four years already and wanted to stay, maybe he would have been amenable to something like this.

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  #255  
Old 07-02-2013, 12:02 PM
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Funny to look back on this.

How things have changed...
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  #256  
Old 07-02-2013, 12:10 PM
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Quote:
Originally Posted by njbolt12 View Post
Funny to look back on this.

How things have changed...
Yep. A freak injury that derailed his career combined with a new CBA with a reduced cap that punishes long term deals, au revoir Vinny
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  #257  
Old 07-02-2013, 02:28 PM
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Quote:
Originally Posted by njbolt12 View Post
Funny to look back on this.

How things have changed...
That was before Twitter, when Chad still posted on MB
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  #258  
Old 09-23-2013, 05:30 PM
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Vinny has been given an "A".



Last edited by WaiverWire; 09-23-2013 at 05:36 PM.
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  #259  
Old 09-23-2013, 06:56 PM
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My eyes bleed
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  #260  
Old 09-23-2013, 06:57 PM
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