Author Topic: Report: Isles have no interest in Komisarek  (Read 11429 times)

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Offline hockeyfan1

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Re: Report: Isles have no interest in Komisarek
« Reply #45 on: August 16, 2011, 01:26:52 AM »
could you see Burke making a deal involving DiPietro and him burying in the minors?  Could he be peeved about front-loaded contracts and flex his financial Leaf muscles just for spite?

Nope. Dipietro is still owed $45 mil - a lot of dough to throw at a chronically ailing goalie with a knee appearing as if it cannot be completely fixed
http://www.capgeek.com/players/display.php?id=1101

Burke could send a bunch of contract mistakes to the minors for that dough.

They'd have to send someone like Tavares with him to make it worth someone's while and even if the Isles were that nuts, I'm not sure the Leafs would be. The Isles have to spend to the cap minimum anyway and aren't close to contending.

Is Dipietro's contract insured or is Wang paying it out of his pocket like Lombardi?

Back when he signed it, the league would only cover six years. That's now bumped to seven though his deal is probably under the old limit:
http://www.sportsbusinessdaily.com/Daily/Issues/2008/09/Issue-245/Leagues-Governing-Bodies/NHL-Insurance-Plan-Covers-Player-Contracts-For-Seven-Years.aspx
The NHL's insurance plan insures player contracts for seven years, and "beyond that, if the player gets hurt, the team is on the hook for the full amount of his contract," according to Luke DeCock of the Raleigh NEWS & OBSERVER
...
Insurance coverage "kicks in when a player misses at least 30 games,


Here's another article on it:
http://insurancenewsnet.com/article.aspx?n=1&neID=200809101180.3.167_d47b000000c1027a
In September 2006, the Islanders signed DiPietro to a 15-year contract worth $67.5 million. The deal was held up for more than a year, in part by insurance issues, according to reports at the time.

The league policy, at that point, would only insure six years of the contract, leaving the Islanders potentially responsible for more than $40 million in the case of a catastrophic injury -- and in the first two years of the deal, DiPietro has suffered two concussions and undergone two hip surgeries.

An Islanders spokesman declined to comment on the insurance issues surrounding DiPietro's contract.


Since then, he's had a couple of knee problems. With all the separate injury issues, the league was on the hook for 30 games per season and I believe (not positive) a low (20%?) percentage of the salary after that. With five years completed on his deal, Dipietro probably only has one year of league insurance coverage left.

The original attempt to sign him to 15 years reportedly fell through because they tried to get Dipietro to insure the balance of the years not covered by the league. It's very, very expensive insurance when one undertakes that.

I've also read that if he has to retire early due to injury that his contract assures he will be paid in full for all 15 years.

No matter how one slices it, it's very likely the team is on the hook for a major chunk of it with the balance being picked up by insurance (if they were able to get insurance).


Translation... it was a bad signing from the outset.  The Islanders organization is still paying the price for this, money-wise, and more.

Offline Peter D.

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Re: Report: Isles have no interest in Komisarek
« Reply #46 on: August 16, 2011, 10:57:40 AM »

Why in the world would they? If it's just about hitting the cap floor they'd be better off signing a random scrap heap guy to a one year deal at an inflated price than give Komisarek 12.5 over the next three.

Bryan McCabe.