Author Topic: Luongo announces his retirement  (Read 537 times)

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Online herman

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Luongo announces his retirement
« on: June 26, 2019, 02:05:47 PM »

Haha Vancouver

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Luongo announces his retirement
« on: June 26, 2019, 02:05:47 PM »

Online CarltonTheBear

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Re: Luongo announces his retirement
« Reply #1 on: June 26, 2019, 02:15:38 PM »
Genuinely surprised that he would do this with 3 years left on his contract instead of just LTIR'ing it like others have. If Hossa can get away with it because of a rash then Lu's hip problems definitely would have passed the smell test in that regard.

Now I guess we wait and see if the NHL actually sticks to their guns about the recapture penalty (and what exactly it will come out to be as some people have said the reported numbers out there aren't 100% accurate).

Online bustaheims

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Re: Luongo announces his retirement
« Reply #2 on: June 26, 2019, 02:16:45 PM »
Will be interesting to see if he actually files his retirement papers, or if he decides to let to Canucks off the hook, and pulls a Hossa and goes LTIR for the rest of his deal.-
"Everyone is entitled to his own opinion, but not his own facts." - Daniel Patrick Moynihan

Online CarltonTheBear

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Re: Luongo announces his retirement
« Reply #3 on: June 26, 2019, 02:18:54 PM »
Will be interesting to see if he actually files his retirement papers, or if he decides to let to Canucks off the hook, and pulls a Hossa and goes LTIR for the rest of his deal.-

https://www.nhl.com/panthers/news/luongos-open-letter-to-the-fans/c-308071408

I really don't think there's any turning away from the retirement option now.

Online CarltonTheBear

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Re: Luongo announces his retirement
« Reply #4 on: June 26, 2019, 02:21:23 PM »

This is something that I didn't actually consider I guess. As we've learned LTIR isn't an absolute perfect solution for many teams, especially cap teams, so this makes sense. Vancouver is the team that gets screwed more and obviously Florida doesn't care about their concerns.

Offline Nik Bethune

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Re: Luongo announces his retirement
« Reply #5 on: June 26, 2019, 02:23:23 PM »
Genuinely surprised that he would do this with 3 years left on his contract instead of just LTIR'ing it like others have. If Hossa can get away with it because of a rash then Lu's hip problems definitely would have passed the smell test in that regard.

In a way, but also he's made 90+ million already so I'm not that surprised he'd not want to have the legitimacy of his decision questioned for a couple million more.
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Online CarltonTheBear

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Re: Luongo announces his retirement
« Reply #6 on: June 26, 2019, 02:35:55 PM »
In a way, but also he's made 90+ million already so I'm not that surprised he'd not want to have the legitimacy of his decision questioned for a couple million more.

It wasn't so much the money issue (although forfeiting over $3mil is never easy I'd imagine) but that I didn't think Luongo would want to put his team on the hook for the cap recapture penalty. But like I posted above it sounds like he had Florida's blessing.

Offline Deebo

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Re: Luongo announces his retirement
« Reply #7 on: June 26, 2019, 02:37:38 PM »

This is something that I didn't actually consider I guess. As we've learned LTIR isn't an absolute perfect solution for many teams, especially cap teams, so this makes sense. Vancouver is the team that gets screwed more and obviously Florida doesn't care about their concerns.

Vancouver is actually lucky it happened this year, if it happened two years from now, it would have been something like 9M in that year.

Offline Zee

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Re: Luongo announces his retirement
« Reply #8 on: June 26, 2019, 02:38:21 PM »
Hey hey, Canucks hit with $3.8M for 3 years for Luongo.  800k in retained salary and just over $3M for the cap recapture.  Me like!

https://www.capfriendly.com/teams/canucks


Edit: looks like they updated it now and it's only recapture..I guess it wipes out the retained salary.  They originally had both:

« Last Edit: June 26, 2019, 02:40:56 PM by Zee »

Online CarltonTheBear

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Re: Luongo announces his retirement
« Reply #9 on: June 26, 2019, 02:41:53 PM »
Vancouver is actually lucky it happened this year, if it happened two years from now, it would have been something like 9M in that year.

I so badly want to see one of these mega cap recapture penalties to happen one day, just to see how a team will respond/if they'll try to fight it. I know Weber's is REALLY bad for Nashville, especially if he retires with only 1 year left on his contract. Would he really care about their cap situation considering they traded him away?

Online herman

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Re: Luongo announces his retirement
« Reply #10 on: June 26, 2019, 03:03:18 PM »
Cap implication conversation aside, Luongo was a great goalie, and by all accounts a wonderful person. I hope he can enjoy his retirement with reasonably good health.

Offline Bates

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Re: Luongo announces his retirement
« Reply #11 on: June 26, 2019, 03:15:00 PM »
Great goalie, seems like a great guy. Enjoy your retirement Lou and I hope he stays on Twitter.

Offline Nik Bethune

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Re: Luongo announces his retirement
« Reply #12 on: June 26, 2019, 03:18:22 PM »
Cap implication conversation aside, Luongo was a great goalie, and by all accounts a wonderful person. I hope he can enjoy his retirement with reasonably good health.

Yup. He got some unfair heat for the Parise goal in '10 but he's a surefire HOFer in my book and was a big part of some of the better Team Canada's ever.
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Offline cabber24

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Re: Luongo announces his retirement
« Reply #13 on: June 26, 2019, 03:40:30 PM »
Great goalie, glad he's got that Olympic gold in his back pocket so no one can say he didn't win anything. Wonderful guy, remembering when addressed Florida shooting victims in such an articulate way.

Was this recapture rule put in place before or after he signed the contract?
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Offline Guilt Trip

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Re: Luongo announces his retirement
« Reply #14 on: June 26, 2019, 03:45:29 PM »
Great goalie, glad he's got that Olympic gold in his back pocket so no one can say he didn't win anything. Wonderful guy, remembering when addressed Florida shooting victims in such an articulate way.

Was this recapture rule put in place before or after he signed the contract?

My understanding is after which is really stupid when you thing about it. Contract was signed in good faith and under the rules. NHL introduces new rules in cba after, that effect contracts signed under old cba.

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Re: Luongo announces his retirement
« Reply #14 on: June 26, 2019, 03:45:29 PM »