Marleau traded to Carolina

[Rob]

I'm a little confused on the buyout cost to the Canes...capfriendly says $833K?

2/3 of $4.25m is $2.8m?

Bonus gets paid no matter what and doesn't factor into the buyout amount.

[Frank E]

I'm a little confused on the buyout cost to the Canes...capfriendly says $833K?

2/3 of $4.25m is $2.8m?

Bonus gets paid no matter what and doesn't factor into the buyout amount.

Got it.  Thank you.

[Nik]

Is there a precedence for that kind of a payout?  I thought there would be at least one team to want a $2-4M cash player (after bonus was paid) and count $6.5M against the cap and that the player could potentially contribute 15 goals and leadership.

The only team who figures to be near the floor(and so having some phantom money on the books would help) is Ottawa and as mentioned, Marleau wouldn't have waived his NMC to go to Ottawa. 

[Bullfrog]

I'm a little confused on the buyout cost to the Canes...capfriendly says $833K?

2/3 of $4.25m is $2.8m?

Bonus gets paid no matter what and doesn't factor into the buyout amount.

Got it.  Thank you.

From Capfriendly:

"Signing Bonus
Signing bonuses are paid to the player regardless of a buyout. Therefore, as explained in the buyout caphit formula above, signing bonuses are excluded in the equation when determining the total buyout cost, and are included in the AAV value when determining the remaining caphit.

Signing bonuses therefore decrease the buyout caphit savings. In the case of players with significant signing bonuses, such as David Clarkson, the remaining caphit decreases minimally. Due to this, Clarkson's contract has been referred to as a buyout-proof contract."

For everyone else's benefit: Marleau has signing bonuses of $3M and salary of $1.25M. He gets his signing bonuses per his contract ($1.5M Jul.01 and $1.5M Dec.01.) His remaining salary will be 2/3 of the contract amount, which is $833,333.33 ($1.25M x 2/3) split over two years (twice the remaining term.) So he'll get paid:
Year one: $3.417M ($3M SB + $417k salary) + whatever his new team pays him.
Year two: $417k (salary).

Because he's over 35, the Canes have to carry his full $6.25M cap hit this year regardless of how they have to pay him.

[pmrules]

I was hoping to use that 2020 first round pick to actually upgrade the 2019-2020 team at some point during the season.   We are in a win now mode and from that POV, i would have traded one of the prospects. 

That being said, I never imagined 2 years ago when Marleau signed that it would take a 1st to gert out from under the 3rd year of the contract.  Is there a precedence for that kind of a payout?  I thought there would be at least one team to want a $2-4M cash player (after bonus was paid) and count $6.5M against the cap and that the player could potentially contribute 15 goals and leadership.

Marleau has a no movement clause and wasn't just gonna go where we told him, that's why the deal had to happen before buyout period so he would agree to waive. How many times does that need to be written??

My point was about my thoughts from 2 years ago when the deal was signed...but thanks for your input.

[Heroic Shrimp]

Memes for days. Invest now. pic.twitter.com/zWcsOsQV5H

— Lesco (@LescoAdam) June 25, 2019

[CarltonTheBear]

Hurricanes will buy out Marleau, Don Waddell said. Owe him his $3 million signing bonus now and $833,333 split over the next two years.

— Luke DeCock (@LukeDeCock) June 27, 2019

Not surprising of course.

[Zee]

Hurricanes will buy out Marleau, Don Waddell said. Owe him his $3 million signing bonus now and $833,333 split over the next two years.

— Luke DeCock (@LukeDeCock) June 27, 2019

Not surprising of course.

The only remaining question is will SJ take him back on Monday?

[CarltonTheBear]

The only remaining question is will SJ take him back on Monday?

Gotta think that's pretty much a certainty. Especially with Doug Wilson still there. I can't really see Marleau trying to drive a hard bargain with them in negotiations.

[Bates]

If Marleau signs for league minimum he gets a raise.

[Guilt Trip]

If Marleau signs for league minimum he gets a raise.

Yup and I'd suspect he'll sign for around that.

[Hobbes]

If Marleau signs for league minimum he gets a raise.

Yup and I'd suspect he'll sign for around that.

Perhaps with a few fairly easy to achieve performance bonuses since those can take you over cap and be paid back as overages next year.

[Guilt Trip]

If Marleau signs for league minimum he gets a raise.

Yup and I'd suspect he'll sign for around that.

Perhaps with a few fairly easy to achieve performance bonuses since those can take you over cap and be paid back as overages next year.

Marleau will make more then he would have playing here and SJ is doing him a favour. I don't see SJ paying him anything over minimum. They're not exactly going to be in any better shape next year with the cap.

[Frycer14]

If SJ doesn't want him, there's nothing stopping toronto from signing him for 750 for 3rd/4th line minutes, no? I'd have no issue with it.

[Guilt Trip]

If SJ doesn't want him, there's nothing stopping toronto from signing him for 750 for 3rd/4th line minutes, no? I'd have no issue with it.

Marleau won't be back. One of his kids has to go to a special school or something similar and this couldn't be accomplished here. While the Leafs def wanted to shed his contract, Marleau is ultimately the guy that wanted out. His family is leaving T.O.